Practice Management Benefits Investment Reshuffle Jeremy Charbonneau and Kevin Reid In a competitive marketplace where talent is scarce, resources are limited and budgets are smaller than those of larger competitors, what is the right investment?
Practice Management Waste Less Time on RFPs James T. Austin Responding to RFPs carries a cost, and your resources are best spent on opportunities that advance strategic goals rather than on every RFP that crosses your inbox.
Practice Management Quantifying Diversity Assumptions: Why Law Continues to Lag Pamela Hernandez The interest in improving diversity in the legal profession appears impressively high, yet the progress in doing so lags other professions. Why? Rather than another diversity to-do list, I propose a deeper approach—one that leads to lasting change.
Practice Management Hiring Models for Attorneys: A Financial Analysis Tara Boosey Wilson and Matthew Wilson Any law firm considering the utilization of a contract attorney should focus on the financial analysis while also understanding the nonfinancial aspects related to the firm’s management, growth and long-term strategy.
Practice Management When It Comes to Finance, the Details Matter Lance G. Johnson This issue is chock-full of useful, how-to content on getting more for less. I know that sounds a lot like a commercial, but I really do love this issue because the practice of law must be a business if you want to keep doing it.
Practice Management Perspectives: A New Year: Navigating the New Normal Stephen Embry Greetings. I am looking forward to serving you as chair of the Law Practice Division for the 2022–2023 bar year. It is truly an honor and a privilege, and I hope to get to know many of you better.
Practice Management The Thriving Lawyer: Dial Back Your Stress With Curiosity Anne E. Collier It would be an understatement to say that life since March 2020 has been different. We fearfully and urgently changed how we were living, working and connecting with people. Now we’re changing back, or are we?
Practice Management Simple Steps: Improving Transparency in Billing Allison C. Johs With financial pressures brought about by the pandemic, as well as political and economic uncertainty, clients are pushing for more fee transparency from lawyers.
Practice Management Ethics: No More Sneaking Around? Lucian T. Pera More than a quarter century ago, in simpler times, a leading legal ethics professor published an article, “Sneaking Around in the Legal Profession: Interjurisdictional Unauthorized Practice by Transactional Lawyers.” Only ethics nerds noticed.
Practice Management News & Events: LP Member Benefits Zachary Bambacht As we talk about finance in this issue of Law Practice, it is important to all of us within the Law Practice Division (LP) to highlight the included value of LP within your ABA membership.
Practice Management Product Watch: Can My Firm Grow With Clio Grow? Julie A. Bays Lawyers lose future clients when they do not follow up with their prospects. Clio Grow provides an effortless way to do this.
Practice Management Hot Buttons: A 3-Point Proposal to Make Every Lawyer Use Technology Daniel J. Siegel Many lawyers do not train their staff in how to use the technology that helps run the firm. Nor do they prepare their staff to deal with the problems technology creates. They take these types of matters for granted—until something happens.
Practice Management Tech From The Trenches: Curtail Battles With Legal Billing Tools Roberta Tepper and Laura L. Keeler While legal billing is never destined to become fun, if you’re aware of—and utilize—recent industry advances, you’ll find that it’s much less time-consuming, less stressful and can lead to higher collection rates.
Practice Management Managing: Envisioning a Functional Family ‘Firm-First’ Culture Thomas C. Grella Prior to the pandemic, our leadership team had made great strides in creating a unique family-like culture at my law firm. As firm members went into lockdown mode, I wondered how this culture would fare.
Practice Management Future Proofing: Technology You Can Use Today for the Practice of Tomorrow Dan Pinnington and Reid Trautz A repeated theme in our columns is how technology can be used to future proof your practice. For this column we asked for recommendations on legal technologies lawyers should be implementing today to future proof their practices.
Practice Management Marketing: Marketing Through Alumni Programs Greg Siskind Several firms—mostly large—have set up formal alumni programs that do much more than put on periodic social gatherings. And, done well, such a program can prove quite beneficial for the firm.
Practice Management Finance: The Realization About Realization and Process Improvement Frederick J. Esposito Jr. Looking at the bigger picture, a better understanding of the pivotal metrics such as demand, pricing and realization, coupled with developing strategies for improvement, will yield increased revenues and profit.
Practice Management Practice Management Advice: Law Firms Can Do Better by Doing Good Carol Shiro Greenwald The business community has been asked to move beyond its parochial financial concerns and focus on issues that impact the future of our planet and the human race. Investors want them to broaden their focus from “shareholders” to “stakeholders.”
Practice Management Taking the Lead: There Is No Substitute for Being Together Linda A. Klein and John Hinton IV This past April an important event occurred in the life of our law firm. We gathered with our colleagues who are scattered across 22 offices in 11 states for an attorneys’ retreat. We had not met in person as a firm in three years.
