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
The past year has only fueled the move toward a more digital world. By now, many law firms have made use of Facebook or LinkedIn to bolster their online presence, but the utility of any online platform can wane quickly as potential clients and referral sources move on to other alternatives. There’s a lot of […]
https://rainmakingforlawyers.com/wp-content/uploads/iStock-1173494843-1024x683-1.jpg6831024Amy Vivonahttps://rainmakingforlawyers.com/wp-content/uploads/rainmaking_for_lawyers-300x113.pngAmy Vivona2021-05-12 21:36:002021-09-08 03:44:13Beyond Facebook and LinkedIn: 5 Digital Marketing Platforms for Law Firms
As more and more of our professional interactions move online and the number of emails we receive on our smartphones continues to mushroom, law firms that serve businesses and other entities need to devote more resources to creating engaging content. The bar is higher now than ever before as law firms, HR and accounting firms, […]
https://rainmakingforlawyers.com/wp-content/uploads/iStock-1282806068-1-scaled.jpg17072560Amy Vivonahttps://rainmakingforlawyers.com/wp-content/uploads/rainmaking_for_lawyers-300x113.pngAmy Vivona2021-04-28 21:28:582021-09-08 03:46:31Writing Content That Reaches Business Clients
Too many lawyers have the misconception that flat fees are only appropriate for small, simple matters such as basic wills and trusts or entity formation. There is, however, a much broader range of work where flat fees are appropriate. Flat fees should be considered when one of the following factors is present: The value […]
https://rainmakingforlawyers.com/wp-content/uploads/iStock-1191080753.jpg17072560Gideon Grunfeldhttps://rainmakingforlawyers.com/wp-content/uploads/rainmaking_for_lawyers-300x113.pngGideon Grunfeld2021-04-14 11:54:142021-08-09 21:28:40Why You Might Want to Consider Charging a Flat Fee
On March 10, the American Bar Association’s Standing Committee on Ethics and Professional Responsibility published Formal Opinion 498 permitting the virtual practice of law. A year into pandemic shutdowns which included the widespread closure of courts and law offices, this is unsurprising. With much of the industry forced to practice remotely during this period, it’s […]
According to a report from Clio entitled “Legal Trends for Solo Law Firms,” revenues for solo law practices fell by 5-7% more than those of larger firms at the start of the pandemic (April-June 2020). In covering the report, ABA Journal fails to recognize the limitations of solo practices more broadly. Even in the best […]
https://rainmakingforlawyers.com/wp-content/uploads/iStock-1160000498.jpg14402560Gideon Grunfeldhttps://rainmakingforlawyers.com/wp-content/uploads/rainmaking_for_lawyers-300x113.pngGideon Grunfeld2021-03-24 08:15:412021-03-23 08:49:06The Most Important Business Development Strategy for Solo Practitioners
Thomson Reuters’ Peer Monitor Index, issued earlier this month, draws attention to the root of the strong profit growth with which law firms ended a turbulent year. With some practice areas, including corporate and tax work (as well as bankruptcy) experiencing around 4% growth or more, reduced demand in areas like litigation was partially offset. […]
https://rainmakingforlawyers.com/wp-content/uploads/Peer-Monitor-Index_image.png13982022Gideon Grunfeldhttps://rainmakingforlawyers.com/wp-content/uploads/rainmaking_for_lawyers-300x113.pngGideon Grunfeld2021-02-17 10:15:182021-02-17 10:15:18Law Firm Cost Cutting Led to Greater Profitability in 2020, But That’s Not a Sustainable Business Development Strategy
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 […]
Beyond Facebook and LinkedIn: 5 Digital Marketing Platforms for Law Firms
/0 Comments/in Law firm Staffing /by Amy VivonaThe past year has only fueled the move toward a more digital world. By now, many law firms have made use of Facebook or LinkedIn to bolster their online presence, but the utility of any online platform can wane quickly as potential clients and referral sources move on to other alternatives. There’s a lot of […]
Writing Content That Reaches Business Clients
/0 Comments/in Law firm Staffing /by Amy VivonaAs more and more of our professional interactions move online and the number of emails we receive on our smartphones continues to mushroom, law firms that serve businesses and other entities need to devote more resources to creating engaging content. The bar is higher now than ever before as law firms, HR and accounting firms, […]
Why You Might Want to Consider Charging a Flat Fee
/0 Comments/in Billing /by Gideon GrunfeldToo many lawyers have the misconception that flat fees are only appropriate for small, simple matters such as basic wills and trusts or entity formation. There is, however, a much broader range of work where flat fees are appropriate. Flat fees should be considered when one of the following factors is present: The value […]
ABA Ethics Committee Provides Tech Guidelines for Practicing Remotely
/0 Comments/in Ethics /by Gideon GrunfeldOn March 10, the American Bar Association’s Standing Committee on Ethics and Professional Responsibility published Formal Opinion 498 permitting the virtual practice of law. A year into pandemic shutdowns which included the widespread closure of courts and law offices, this is unsurprising. With much of the industry forced to practice remotely during this period, it’s […]
The Most Important Business Development Strategy for Solo Practitioners
/0 Comments/in Law Firm Management, Legal Industry /by Gideon GrunfeldAccording to a report from Clio entitled “Legal Trends for Solo Law Firms,” revenues for solo law practices fell by 5-7% more than those of larger firms at the start of the pandemic (April-June 2020). In covering the report, ABA Journal fails to recognize the limitations of solo practices more broadly. Even in the best […]
Law Firm Cost Cutting Led to Greater Profitability in 2020, But That’s Not a Sustainable Business Development Strategy
/0 Comments/in Legal Industry /by Gideon GrunfeldThomson Reuters’ Peer Monitor Index, issued earlier this month, draws attention to the root of the strong profit growth with which law firms ended a turbulent year. With some practice areas, including corporate and tax work (as well as bankruptcy) experiencing around 4% growth or more, reduced demand in areas like litigation was partially offset. […]