Despite some highly publicized news about the decline of California, it continues to have by far the largest number of residents in the country, and along with Texas and Florida accounts for over a quarter of the total U.S. population. Los Angeles maintained a real GDP of approximately $726 billion in 2019, with Orange County […]
On September 8, the American Bar Association (ABA) addressed lawyers’ ethical obligations as investors in firms with nonlawyer owners. Formal Opinion 499, issued by the Standing Committee on Ethics and Professional Responsibility, permits attorneys throughout the country to act as passive investors in Alternative Business Structures (ABS) that may not be allowed within a given […]
As we approach Labor Day, law firm managing partners should re-evaluate the connection between compensation structure and firm culture. This is a good time to review financial data, identify patterns, and, if appropriate, negotiate a new compensation plan to implement for next year. Perhaps there’s not much cross-marketing going on at your firm. Perhaps partners […]
There have been numerous media reports describing how certain advocacy groups have been trying to pressure Supreme Court Justice Stephen Breyer to retire now, while the Democratic Party has nominal control of the Senate. The groups trying to convince Breyer to step aside have used a variety of strategies, all of which have proved futile. […]
https://rainmakingforlawyers.com/wp-content/uploads/image001.jpg6831024Gideon Grunfeldhttps://rainmakingforlawyers.com/wp-content/uploads/rainmaking_for_lawyers-300x113.pngGideon Grunfeld2021-08-10 15:01:422021-09-08 03:30:17What Law Firms Can Learn From Efforts to Pressure Justice Breyer
At the end of 2021, managing partners will sum up their law firms’ revenues to determine areas of focus for the next fiscal year, but there’s something individual lawyers can be doing now to make this data even more useful. Right now, halfway through the year, ask your people to project revenues on their own […]
https://rainmakingforlawyers.com/wp-content/uploads/iStock-1315132767-1024x637-1.jpg6371024Gideon Grunfeldhttps://rainmakingforlawyers.com/wp-content/uploads/rainmaking_for_lawyers-300x113.pngGideon Grunfeld2021-06-30 21:48:322021-09-08 03:31:53Why Your Firm’s Lawyers Should Make Revenue Projections Right Now
As managing partners and practice group leaders weigh the costs and benefits of returning to their offices, they should take advantage of the next six months to modernize their business plans. Three areas in particular are especially ripe for new approaches right now – real estate, practice area mix, and talent acquisition. Lawyers are creatures […]
https://rainmakingforlawyers.com/wp-content/uploads/iStock-1218263945-1024x683-1.jpg6831024Gideon Grunfeldhttps://rainmakingforlawyers.com/wp-content/uploads/rainmaking_for_lawyers-300x113.pngGideon Grunfeld2021-06-17 21:47:212021-09-08 03:34:21The Boutique Firm Business Plan for 2021
With vaccination rates rising and states reducing restrictions around COVID-19, discussion in the legal services industry has turned to whether and to what extent law firms will require their people to return to offices. A lot of media reports have framed this issue as a tug-of-war between managers and their workers. The simplified conclusion is […]
https://rainmakingforlawyers.com/wp-content/uploads/Returning-to-Office_image-1024x683-1.jpg6831024Gideon Grunfeldhttps://rainmakingforlawyers.com/wp-content/uploads/rainmaking_for_lawyers-300x113.pngGideon Grunfeld2021-06-09 21:45:452021-09-08 03:35:53Should All Your Employees Return to the Office?
Many firms continue to act as if billing a particular number of hours is the most valuable use of every attorney’s time. In the grand scheme of things, however, devoting time and resources to strategizing the firm’s positioning in the market can be more lucrative. Firm leaders, having never been taught to value management time […]
https://rainmakingforlawyers.com/wp-content/uploads/iStock-1128967629-1024x683-1.jpg6831024Gideon Grunfeldhttps://rainmakingforlawyers.com/wp-content/uploads/rainmaking_for_lawyers-300x113.pngGideon Grunfeld2021-06-02 21:44:402021-09-08 03:39:38Certain Hours Are More Valuable Than Billable Hours
Members of the State Bar of California’s Closing the Justice Gap working group are split over how broad to make the state’s trial of regulatory changes. The board of trustees approved the working group, which is tasked with considering changes in nonlawyer ownership and fee sharing, in May 2020. Its SCOPE subcommittee is currently debating whether or not the organizations […]
https://rainmakingforlawyers.com/wp-content/uploads/CA-Sandbox-Update_image1.png539633Gideon Grunfeldhttps://rainmakingforlawyers.com/wp-content/uploads/rainmaking_for_lawyers-300x113.pngGideon Grunfeld2021-05-26 21:43:152021-09-08 03:41:36The Time Is Now for CA Lawyers to Voice Their Opinions on Nonlawyer Ownership in Law Firms
In Their Own Words, a report from the American Bar Association’s Initiative on Long-Term Careers for Women in Law, sheds light on the complex reasons experienced women lawyers leave law firms or legal practice entirely. The document summarizes findings from interviews and focus groups with over one hundred women, each with fifteen or more years […]
https://rainmakingforlawyers.com/wp-content/uploads/iStock-146071474-scaled.jpg17072560Gideon Grunfeldhttps://rainmakingforlawyers.com/wp-content/uploads/rainmaking_for_lawyers-300x113.pngGideon Grunfeld2021-05-19 21:41:012021-09-08 03:43:08ABA Interviews Reveal Combination of Factors That Lead Women to Leave Law Firms
California Counties Represent Growing Markets for Law Firms
/0 Comments/in Business Development /by Gideon GrunfeldDespite some highly publicized news about the decline of California, it continues to have by far the largest number of residents in the country, and along with Texas and Florida accounts for over a quarter of the total U.S. population. Los Angeles maintained a real GDP of approximately $726 billion in 2019, with Orange County […]
ABA Ethics Opinion Allows Passive Investment in Out-of-State ABS
/0 Comments/in Regulatory /by Gideon GrunfeldOn September 8, the American Bar Association (ABA) addressed lawyers’ ethical obligations as investors in firms with nonlawyer owners. Formal Opinion 499, issued by the Standing Committee on Ethics and Professional Responsibility, permits attorneys throughout the country to act as passive investors in Alternative Business Structures (ABS) that may not be allowed within a given […]
Law Firm Compensation & Culture
/0 Comments/in Law Firm Compensation, Law Firm Management /by Gideon GrunfeldAs we approach Labor Day, law firm managing partners should re-evaluate the connection between compensation structure and firm culture. This is a good time to review financial data, identify patterns, and, if appropriate, negotiate a new compensation plan to implement for next year. Perhaps there’s not much cross-marketing going on at your firm. Perhaps partners […]
What Law Firms Can Learn From Efforts to Pressure Justice Breyer
/0 Comments/in Succession Planning /by Gideon GrunfeldThere have been numerous media reports describing how certain advocacy groups have been trying to pressure Supreme Court Justice Stephen Breyer to retire now, while the Democratic Party has nominal control of the Senate. The groups trying to convince Breyer to step aside have used a variety of strategies, all of which have proved futile. […]
Why Your Firm’s Lawyers Should Make Revenue Projections Right Now
/0 Comments/in Law firm Staffing /by Gideon GrunfeldAt the end of 2021, managing partners will sum up their law firms’ revenues to determine areas of focus for the next fiscal year, but there’s something individual lawyers can be doing now to make this data even more useful. Right now, halfway through the year, ask your people to project revenues on their own […]
The Boutique Firm Business Plan for 2021
/0 Comments/in Law firm Staffing /by Gideon GrunfeldAs managing partners and practice group leaders weigh the costs and benefits of returning to their offices, they should take advantage of the next six months to modernize their business plans. Three areas in particular are especially ripe for new approaches right now – real estate, practice area mix, and talent acquisition. Lawyers are creatures […]
Should All Your Employees Return to the Office?
/0 Comments/in Law firm Staffing /by Gideon GrunfeldWith vaccination rates rising and states reducing restrictions around COVID-19, discussion in the legal services industry has turned to whether and to what extent law firms will require their people to return to offices. A lot of media reports have framed this issue as a tug-of-war between managers and their workers. The simplified conclusion is […]
Certain Hours Are More Valuable Than Billable Hours
/0 Comments/in Law firm Staffing /by Gideon GrunfeldMany firms continue to act as if billing a particular number of hours is the most valuable use of every attorney’s time. In the grand scheme of things, however, devoting time and resources to strategizing the firm’s positioning in the market can be more lucrative. Firm leaders, having never been taught to value management time […]
The Time Is Now for CA Lawyers to Voice Their Opinions on Nonlawyer Ownership in Law Firms
/0 Comments/in Law firm Staffing /by Gideon GrunfeldMembers of the State Bar of California’s Closing the Justice Gap working group are split over how broad to make the state’s trial of regulatory changes. The board of trustees approved the working group, which is tasked with considering changes in nonlawyer ownership and fee sharing, in May 2020. Its SCOPE subcommittee is currently debating whether or not the organizations […]
ABA Interviews Reveal Combination of Factors That Lead Women to Leave Law Firms
/0 Comments/in Law firm Staffing /by Gideon GrunfeldIn Their Own Words, a report from the American Bar Association’s Initiative on Long-Term Careers for Women in Law, sheds light on the complex reasons experienced women lawyers leave law firms or legal practice entirely. The document summarizes findings from interviews and focus groups with over one hundred women, each with fifteen or more years […]