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Browsing the 'Law Firm Management' category

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The Dangers of Excessive Optimism

Wednesday, July 22nd, 2020

People who see themselves as successful are especially susceptible to overconfidence. Business owners often fall into this category, knowing how optimism has served them well as entrepreneurs. But in uncertain […]

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Increase Your Firm’s Cash Reserves

Wednesday, July 1st, 2020

As we reach the mid-point of the calendar year, law firms should be evaluating key financial metrics. It’s a great time to begin tax planning for the full year and […]

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California SB-939 Signals Potentially Major Changes in Real Estate Leasing

Wednesday, June 17th, 2020

Businesses in California will have an opportunity to rehash traditionally long-term leases if Senate Bill 939 is passed. Applicable to commercial tenants who have experienced a decline in average monthly […]

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Time for Humility

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

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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