Web3: Embracing Possibilities and Navigating Legal Risks
Web3 is here, offering incredible potential for those willing to brave the risks. Attorneys must embrace the tech and prepare.
The Big Ideas Issue (July/August 2023)
Volume 49, Issue 4
Articles
Amplifying Your Associates
Only a small portion of a large incoming first-year class will become partners at the firm where they begin their careers.
Evolution of the Legal Workplace
Work is what you do, not where you do it. The pandemic was a wake-up call that accelerated changes in space design that had been brewing in recent years.
Falconry for Lawyers: Productization of Legal Services
The rewards of productizing legal work can be substantial. Here's the knowledge necessary to create something impactful.
The Changing Dynamics of a People Law Practice
The good news for people law practitioners is that clients value one-to-one time with their lawyer and work done correctly.
Legal Leaders, Embrace Your Role to Improve Legal Workplaces
Legal managers, administrators and leaders have a vested interest in remaking systems to improve legal professionals—well-being. Managers should note that taking actionable measures matters; promotin…
Regular Features
Editor's Note: Experiencing Inevitable Change
Law Practice is unique in its perspective and depth, and that will not change: The magazine will remain a distinct publication, bringing our readers the highest quality content.
Perspectives: Change: What Would You Do If You Weren't Afraid?
Change. It's Inevitable. We all know it. But we still shudder and groan at the thought. Because change is not easy. It���s not always comfortable.
Frontlines
The Thriving Lawyer: Transform Performance Stress into Retention Success
There can be many reasons for the underperformance in the office, none of which change the fact that there is a problem: You are not getting what you need.
Ethics: Referral Fees Done Right
A referring lawyer makes the referred client happy by connecting them with the right lawyer for the matter. The lawyer receiving the referral gets a new client whom they have just the skills to serve…
Simple Steps: Preparing for Partnership
Are you ready for partnership? You do quality work, take care of your clients, meet your billable hour requirements and maybe you've even begun to bring business into your firm.
News & Events: The Big Idea of "Did I Write This?'
We ended 2022 with some amazing technologies getting a lot of press. At this point, many, if not most, of us are familiar with OpenAI and its products such as DALL-E, ChatGPT and Point-E.
Technology
Product Watch: Process Mapping with Lucidchart
A process map is a tool that can be used to visually describe the flow of work within an office by outlining the individual steps within a process, the task owners and even the timelines.
Hot Buttons: Leveraging Technology to Onboard New Hires
Many Law Firms are excited to embrace new hires and provide orientation and some onboarding. Then the new hire is left in the coming weeks or months to sink or swim.
Tech From The Trenches: Cyber and Data Security Tips
The standards for data security are continually evolving. Many lawyers still struggle to fully understand and implement steps to ensure they are engaging in good cyber hygiene because cyber threats a…
Business
Managing: True Value: What Keeps Clients From Jumping Ship
Since lawyers and law firms already receive sufficient colleague-reinforced "petting" through the lawyer ratings and review racket, this process should be reserved for serious examination related to…
Future Proofing: A Present Look at ChatGPT in Your Future
Since it burst on the scene late last year, ChatGPT is all the rage. Much has been written and podcasted, ranging from enthusiastic hype to skepticism that it will take a decade or longer to become m…
Marketing: Market Share Competition Among Diverse Law Firms Heats Up, and Gets Heated
It turns out that distributing work to diverse attorneys means different things to different people. Some of the friction from a study dealt with a lot of the diversity work opportunities going to wo…
Finance: The Fiscal Report Card: Let's Give Financial Ratios a Go
Key performance indicators (KPIs) and dashboards are key to monitoring day-to-day productivity and firm performance. Most law firms understand the role these metrics play in ascertaining how the firm…
Practice Management Advice: The Workplace Continuum: From Engagement to Moral Injury
Law practices are built on a sense of pride among peers and require nurturing for team members to feel like they are part of something greater.
Taking the Lead: Placing Others at Ease
As lawyers, much of our work involves creating the opposite environment. Indeed, we often excel at doing so. Negotiating a complex transaction or the settlement of contentious litigation is usually n…