April 2004
ABA Law Practice Management Section Monthly e-Update
In This Issue:
Highlighted Feature: LPM Rocks New Orleans!
Section Briefs: LPM Makes Goal IX Honor Roll for Focus on Women in the Legal Profession
In the Spotlight: Ravdin One of DC's Best Divorce Lawyers
Carpe Librum: Compensation Plans for Law Firms, Fourth Edition

Tip of the Month: Stand Out from all the Clutter—Think Outside the Box
LPM Rocks New Orleans!

LPM 30 Anniversary LogoCalling all music fans! Have you marked LPM’s Spring Meeting and Law Practice Summit on your calendar? In addition to business meetings, networking opportunities, and top-notch CLE programs presented by the Core Groups, LPM’s Spring Meeting in New Orleans promises to be a music lover’s paradise. Held April 22-25, 2004, the Meeting coincides with New Orleans Jazz and Heritage Festival (“Jazz Fest”). It is also LPM’s 30th Anniversary, which the Section is celebrating at the world-famous Rock ‘N’ Bowl (the “Best Place to Hear Live Music”) on Thursday, April 22, from 8:00 p.m. – 11:00 p.m. Plan to join us for the big bash! Musical guests will include The Original Low Riders (the band formerly known as War), who will play some of their hits such as “Low Rider,” “Slippin’ Into Darkness,” “Why Can’t We Be Friends,” and “Spill the Wine.” You won’t want to miss this very special celebration.

LPM’s Spring Meeting and Law Practice Summit will be held at the The Astor Crowne Plaza, Visit http://www.lawpractice.org/spring2004 for complete information on the weekend’s activities and to register for the meeting. You can find the Jazz Fest schedule at www.nojazzfest.com.


 Section Briefs
LPM Makes Goal IX Honor Roll
In the Goal IX Update published by the ABA Commission on Women in the Profession last month, LPM made the Honor Roll for its renewed focus on women in the legal profession! LPM received special recognition for its Women Rainmakers group. “The group provides excellent programs, publications, and information sharing for its members.”

Visit www.womenrainmakers.org for complete information on this dynamic group.

To join the LPM Women Rainmakers, click here.

Upcoming Section-sponsored events for Women:

Women in Law Leadership Academy
April 16-17, 2004
Chicago Wyndham Hotel

You have heard the expression “born to lead.” At the heart of this notion is the fact that sometimes leadership skills come naturally and in other instances, leadership needs a guiding and nurturing hand. The ABA Law Practice Management Section is pleased co-sponsor the first-ever "Women in Law Leadership" Academy. The Academy’s mission is to empower recently licensed women lawyers by providing a skill set that enables them to direct and manage their own careers more effectively by gaining knowledge, finding mentors and honing their networking capabilities— thus providing the guidance to stay the course and keep one’s career intact and moving forward. Attendees will get practical advice from successful lawyers who have overcome the obstacles facing women in the profession and gain the confidence they need to thrive, find the right balance, and develop the capacity to lead.
 Download a brochure

Raindance Conference 2004
The Philosophy of Rainmaking: Presented by the ABA Women Rainmakers
June 23-24, 2004
Harborside Hyatt Regency, Boston, MA

Developing business and building a referral network are skills that lawyers need throughout their entire careers. During this program, panelists from various law firms will respond to provocative questions regarding rainmaking techniques that work, those techniques that are ineffective, and the issues surrounding the law firm culture necessary to support rainmaking activities. Bring your own questions about the philosophy of rainmaking. Whether you just started practicing law or are a seasoned professional looking to develop your own book of business, this program will get you onto the path to success!
LSSO Raindance Conference Web site

In the Spotlight

Congratulations to LPM Member Linda Ravdin for once again making Washingtonian Magazine's list of best divorce lawyers in the DC-area! Linda got special recognition for her expertise in prenuptual agreements. “No lawyer in Washington is more up to date on the making and breaking of prenuptial agreements than Ravdin.” Read the entire article.

In The Spotlight focuses on the accomplishments of LPM Members. To submit your or a colleague's name and achievement for recognition, please contact Sarah Oaks at oakss@staff.abanet.org.

Hot Links
The Legal Beetle
http://www.legalbeetle.com
This legal research tool has links to some of the top law sites in the world. Broken into 10 categories, it links to hundreds of legal sites, with the best legal sites and top law links by rating.
 

Tip of the Month:
Think Outside the Box on Your Business Cards
A Tip from LPM's Practice Management Advisors Committee

Think outside the box when it comes to your business card. Plain white rectangular business cards are always good to have, but why not create a card that really expresses your personality? I received the bright-yellow business card from a "lemon law" lawyer more than a year ago. His card was easy to locate recently when a friend of mine needed a referral. Think of ways to change the size, shape, color and content of your business card to reflect your practice. It may not be for everyone, but "outside-the-box" business cards may mean more business!

 
Carpe Librum

Seize a book! LPM's publishing division is the oldest in the ABA, and with more than 75 titles, it is also one of the largest. This month's selection:

Compensation Plans for Law Firms, Fourth EditionCompensation Plans for Law Firms, Fourth Edition

Edited by James D. Cotterman, Altman Weil, Inc.

The new fourth edition of Compensation Plans for Law Firms examines the continually evolving compensation landscape and the concepts that will affect your law firm most. It offers complete and systematic guidance on how to establish workable plans for compensating partners and associates, as well as other contributors to the firm, like paralegals, clerical staff, and other professional staff members. It spells out, in a clear-cut way, how you can align your firm’s compensation plans with your culture, business objectives, and market realities.

The book explores the long-term shift away from single-employer careers and worker mobility, and how your firm can take advantage of this trend. Other key concepts such as value billing, tiered ownership, and deferred compensation are also considered.

The book also features valuable data from the leading legal consulting firm Altman Weil’s annual and triennial surveys on law firm performance and compensation, retirement and withdrawal, and compensation systems. Charts and graphs help you see where your firm stands in terms of salaries and bonuses, and it gives you detailed analyses of compensation plans for everyone in your firm.

Careful advance consideration is essential to the success of your compensation plan. Using this valuable reference you can develop a compensation plan that conveys fairness, simplicity, and flexibility and strike the perfect balance within your firm.

Order Compensation Plans for Law Firms, Fourth Edition online, or call 1-800-285-2221 and ask for product number 511-0507.

For more information on other books published by LPM visit our Online Catalog.

Learn More | Buy Now
 

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