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Tag Archives: law firm management

6 Practice Tips from Law Firm Management Experts

6 Practice Tips from Law Firm Management Experts

Anyone that peruses the list of predictions for the legal industry in 2015 might be struck by a more upbeat tone than in previous year’s predictions. There is a sense of renewing optimism, cautious as it might be, within the legal community. We can see that reflection in the words of 15 experts in a new eBook we published today ... Read More »

Why Being Brutal is Best: A Solo Attorney on Efficiency

Why Being Brutal is Best A Solo Attorney’s take on Efficiency

The average solo attorney receives upwards of 500 emails per client through the course of a case lifecycle. A quick analysis based on that assumption suggests – a small law firm with roughly 10 clients means partners are likely reading upwards of 5,000 or more client emails. While this may not sound like a staggering number in contrast to some ... Read More »

YouTube Friday: Myths of Law Firm Compensation Plans

Myths of Law Firm Compensation Plans

If you’re compensation plan isn’t aligned with the law firm strategy, then a compensation plan is the firm strategy. That’s according to Tim Corcoran in this interview with Lee Pacchia on Mimesis Law.  Mr. Corcoran noted while he didn’t coin that witty phrase – it’s a great way to explain what he means by “strategy aligned compensation plans.” It’s a ... Read More »

3 Law Firm Surveys Suggest Confidence at Year End

law firm confidence

It’s simply remarkable just how much data is circulating in the legal industry about the state of things.  Last week we examined five law department surveys in the hunt for insights as we turn the corner into 2015. These studies all stemmed from the perspective of the corporate legal department, so this week we thought we’d review several reports predicated ... Read More »

5 Takeaways from a Large Law Reinvention Strategy

5 Takeaways from a Large Law Reinvention Strategy

In late August, Washington Post reporter Catherine Ho wrote a compelling reinvention story on Dickstein Shapiro.  The article sets the stage with series of challenges the firm has faced – from financial performance to the loss of lateral hires to other firms – and then spends the rest of its words describing what the firm is doing about it. By ... Read More »

Seven Tips for Improving Law Firm Billing Efficiency

Seven Tips for Improving Law Firm Billing Efficiency

Note: This post was penned by Loretta Ruppert and originally published in GP Solo in August 2013. Geneva Yourse was a relatively new attorney when she took a big risk: she quit a secure job as an attorney with a family friendly firm.  Why?  Because she wanted to pursue something bigger:  to hang her own shingle.  Hanging up a shingle, ... Read More »

Top 10 Law Firm Collections Challenges and How to Solve Them

How to Develop an Effective Law Firm Collections Strategy

In a Legal Talk Network podcast focused on law firm invoicing and collections, moderator Christopher T. Anderson remarked that upwards of 20% of legal bills are past due.  What is it that’s contributing to this ongoing law firm collections challenge? Some data we both collected and presented at a LexisNexis® Juris® User Group meeting may provide useful insight into the ... Read More »

3 KPIs to Make a Law Firm More Profitable

3 KPIs to Make a Law Firm More Profitability

It almost sounds like one of those whacky “Lose weight with this one weird trick” internet ads: Some law firms are improving profitability without having to raise billing rates, win new business or without having attorneys bill more hours. These partners are improving their firm’s bottom line by rethinking efficient ways to manage the firm. A Law Firm, a Business ... Read More »

YouTube Friday:  Building a Law Business for Desirable Clients

Building a Law Practice around Desirable Clients

Keep the profitable customers – dropped the customers that aren’t.  That was a core theme of Patricia Seybold’s 2001 book titled The Customer Revolution. Following this week’s posts on Porter’s Five Forces and the Future of Law, it seemed fitting to search for a Friday Share that matched this week’s trend. Digging through the archives on YouTube, we found one ... Read More »

Law2023: Seven Technology Opportunities for the Future of Law

Law2023 Seven Technology Opportunities for the Future of Law

Beneath the threads of the current legal industry storyline, there’s a sense of fatigue.  There are only so many “disruption” or “xyz is dying” stories, conferences and webinars an industry can take before becoming numb. This is what makes the Law2023 project so interesting: The underlying message is similar, but the positioning is dramatically different. The projects participants, “appreciated the ... Read More »