The Finance Issue

Features

Practice Management

Return to Work and Workplace Real Estate Trends: No Consensus, New Opportunities

Tom Fulcher, David McRae, David Koziak and Tatum Flynn

Develop your real estate strategy by focusing first on your firm’s culture and business priorities.

Practice Finance

Virtual Practice: Lower Overhead and Other Benefits Could Become New Normal

Laura O'Bryan

Will brick-and-mortar law firms abandon pandemic-forced changes or transition to a more virtual work environment?

General Practice

A Dislocated and Confused Market

Nema Daghbandan

The onset of the pandemic appeared to accelerate trends in commercial real estate that were already in motion.

Lawyer Wellness

New Strategies for Effective Compensation

Billie Tarascio

Today’s lawyers want a firm that invests in them and offers autonomy on work schedule and environment.

Practice Management

Why Should a Solo or Small Firm Prepare a Budget?

Julie Bays and Jim Calloway

We all discuss budgets, whether it is living within our budget or “busting” the budget because of an unanticipated expense. The guidance a budget provides is essential for solo and small firm lawyers.

Departments

Practice Management

Editor's Note: The Finance Issue: Seize the Initiative

Lance G. Johnson

This year, we are emerging from a tectonic shift that required new ways to stay in business and serve the client’s needs. Budgetary fat of all types just came into existence at multiple places in the budget.

Practice Management

Perspectives: Finding a New Rhythm in the New Bar Year

Heidi A. Barcus

The Law Practice Division is doing everything it can to find a way to meet safely in person this bar year. As we figure out what the new normal is, my focus is on enhancing member engagement.

Frontlines

Lawyer Wellness

The Thriving Lawyer: Why You Need to Sharpen Your Sword

Anne E. Collier

Lawyers’ most important tool is their mind. A lawyer’s mind must be sharp to be effective. But just like a sword of war, a chef’s knife and the tools of a tradesman, constant use without care results in a dull, near useless tool.

Practice Management

Simple Steps: Seven Ways to Improve Your Billing and Collections

Allison C. Shields Johs

Nobody likes to talk about money, but your law firm cannot run properly without it. Tightening up your billing and collections can improve your cash flow, reduce friction with clients and reduce time spent on administrative tasks.

Ethics

Ethics: Our Ethical Duty to Read the News

Lucian T. Pera

As lawyers, we have an ethical obligation to keep up with news of the latest cybersecurity disasters. And then we should ask our personal tech guru what those disasters mean for us.

Practice Management

News & Events: Books and Series to Help You Through the Year and Beyond

Zachary Bambacht

The Law Practice Division has been busy, and our Publishing Board is no exception. Our Publishing team has released some amazing and practical titles over the last year that can help support your practice and contribute to your future successes.

Technology

Practice Technology

Product Watch: Remarkable Note Taking With reMarkable 2

William T. Ramsey and Phillip Hampton

One of the dilemmas we face when attending a meeting, client interview or even a conference is how to take effective notes without having our noses buried in a computer screen.

Practice Technology

Hot Buttons: Defensive Calendaring

Catherine Sanders Reach

Apply defensive calendaring techniques so you can allow people to schedule meetings with you themselves, effectively coordinate meetings with multiple parties and leverage artificial intelligence so you’re not wasting time negotiating availability.

Practice Technology

Tech From the Trenches: Carefully Scrutinize Trust Accounting Claims

Roberta Tepper and Laura L. Keeler

In our experience, even lawyers who successfully manage their operating account are terrified of managing a client trust account. So, when lawyers look for practice management software, they may be looking for a platform that “does” trust accounting.

Business

Practice Management

Managing: Purpose, Priorities and Discipline: A Path to Client Service

Thomas C. Grella

Looking back, I recently asked myself, how have I been able to gain, and maintain, clients through many different (and occasionally extreme) economic times? I have concluded it is through commitment to two key professional practice principles.

Access to Justice

Future Proofing: Look Who’s in the Sandbox: Insights Into Future Proofing Your Practice

Dan Pinnington and Reid Trautz

Several jurisdictions in the United States, Canada and elsewhere are exploring legal services innovation with regulatory sandboxes. Here we interview well-known legal futurist Jordan Furlong on what lawyers can learn from these sandboxes.

Practice Technology

Marketing: Demystifying Shopping for Your AI No-Code App Platform

Greg Siskind

There are several options for lawyers in firms and organizations of all types. The products I’m going to be discussing in this article are all “no-code” platforms that don’t require software development skills.

Practice Technology

Finance: Performance Indicator Dashboard Implementation: Measuring Success

Frederick J. Esposito Jr.

Metrics cannot be taken at face value, so it is important to be aware of some of the common pitfalls and misconceptions.

Lawyer Wellness

Practice Management Advice: Are You Experiencing a Pandemic Panic?

Heidi A. Barcus

My goal is approaching the coming months with a changed perspective. That perspective is one of thankfulness and forgiveness. I am striving to leave behind the self-imposed resentment and panic and instead forgive myself for falling short.

Leadership Development

Taking the Lead: Turning Your Losses Into Future Wins

Linda Klein and John Hinton IV

Bunnell builds on that timeless wisdom by giving us a recipe for turning a marketing loss into an opportunity to make a meaningful business relationship.

Lance G. Johnson

Chair

Fairfax, VA
Mary E. Vandenack

Vice Chair

Omaha, NE
John D. Bowers

Nashville, TN
Micah Buchdahl

Moorestown, NJ
James Calloway

Oklahoma City, OK
Dave Christensen

South Windsor, CT
Anne Collier

Chevy Chase, MD
Nicholas Gaffney

San Francisco, CA
Jason Long

Knoxville, TN
Andrea Malone

Philadelphia, PA
Jeanne Picht

Washington, DC
Daniel Pinnington

Toronto, ON
Mark Robertson

Oklahoma City, OK
Michael Spekter

Washington, D.C.
Roberta Tepper

Phoenix, AZ
Cynthia Thomas

Newbury Park, CA
Courtney Ward-Reichard

Minneapolis, MN
Marcia Wasserman

Northridge, CA
Patrick Wright

Dallas, TX

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The Finance Issue

Boomers Cash in Their Chips

Features

Return to Work and Workplace Real Estate Trends: No Consensus, New Opportunities

Virtual Practice: Lower Overhead and Other Benefits Could Become New Normal

A Dislocated and Confused Market

New Strategies for Effective Compensation

Why Should a Solo or Small Firm Prepare a Budget?

Departments

Editor's Note: The Finance Issue: Seize the Initiative

Perspectives: Finding a New Rhythm in the New Bar Year

Frontlines

The Thriving Lawyer: Why You Need to Sharpen Your Sword

Simple Steps: Seven Ways to Improve Your Billing and Collections

Ethics: Our Ethical Duty to Read the News

News & Events: Books and Series to Help You Through the Year and Beyond

Technology

Product Watch: Remarkable Note Taking With reMarkable 2

Hot Buttons: Defensive Calendaring

Tech From the Trenches: Carefully Scrutinize Trust Accounting Claims

Business

Managing: Purpose, Priorities and Discipline: A Path to Client Service

Future Proofing: Look Who’s in the Sandbox: Insights Into Future Proofing Your Practice

Marketing: Demystifying Shopping for Your AI No-Code App Platform

Finance: Performance Indicator Dashboard Implementation: Measuring Success

Practice Management Advice: Are You Experiencing a Pandemic Panic?

Taking the Lead: Turning Your Losses Into Future Wins

Masthead

2020-2021

Lance G. Johnson

Mary E. Vandenack

John D. Bowers

Micah Buchdahl

James Calloway

Dave Christensen

Anne Collier

Nicholas Gaffney

Jason Long

Andrea Malone

Jeanne Picht

Daniel Pinnington

Mark Robertson

Michael Spekter

Roberta Tepper

Cynthia Thomas

Courtney Ward-Reichard

Marcia Wasserman

Patrick Wright

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