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Browsing the 'Law Firm Management' category

This Is a Time for Humility

Wednesday, May 6th, 2020

The decisions made by human beings are subject to numerous logical flaws and idiosyncrasies. Unfortunately, COVID-19 and our individual and collective responses to it require us to make prudent decisions despite […]

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Cash Flow in a Crisis

Thursday, April 2nd, 2020

In our last post, we advised firms against letting go of personnel as a first resort in this time of crisis. That was published before the Small Business Administration launched […]

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Should Law Firms Let Their Employees Go?

Wednesday, March 25th, 2020

The present situation is bringing a few harsh realities to light. One is that the biggest threat to law firm survival is running out of cash. And the biggest expense […]

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Why Big Law Partners Struggle to Go Solo

Wednesday, February 5th, 2020

Am Law 200 partners and other large firm attorneys are surrounded by helpers. When a computer glitch occurs, someone from IT visits your office. The billing department takes care of […]

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Avoiding Common Errors In Compensating Law Firm Associates

Wednesday, January 15th, 2020

Many lawyers practicing now came up through the ranks in a time when the norm was to compensate associates with a third of the revenues they brought in through billable […]

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New ABA Ethics Opinion Further Strengthens Rainmakers

Wednesday, December 11th, 2019

A new opinion from the ABA’s Standing Committee on Ethics and Professional Responsibility outlines recommended behaviors for firms and attorneys when lawyers decide to move on from their firms.  Published […]

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The Most Common Mistake Made By Managing Partners

Thursday, November 21st, 2019

For most of their careers, lawyers are encouraged to bill more hours, and they’re rewarded financially and otherwise for doing so. But as a managing partner, billing so many hours […]

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What’s Surprising About Millennials in Large Law Firms

Thursday, April 11th, 2019

A recent survey conducted by Major, Lindsey, and Africa and the American Lawyer explores attitudes of millennials at large law firms. The unspoken premise of such surveys seems to be that generations […]

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law firm invoice

Five Mistakes to Avoid When Sending Your Law Firm’s First Bill to a New Client

Wednesday, May 30th, 2018

The first invoice a law firm sends to a new client sets the tone for the attorney-client relationship. When handled strategically, the first bill sets the stage for a long […]

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year to date performance

Evaluating Your First 50 Days of 2018

Monday, February 19th, 2018

February 19th is the 50th day of 2018.  It’s an auspicious time to take stock of how your firm has started the new year.  Many of you may be thinking […]

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