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Strategies for Managing Your Remote Law Firm Workforce: Preparing for Disruptions

As we wrote about last week, COVID-19 probably isn’t going away in the next few months. Beyond adjusting your firm’s workflow to a fully or partially remote system, there are other facets of the pandemic which should be considered in your management decisions right now. In today’s post, we’re bringing attention to a huge potential […]

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Strategies for Managing Your Remote Law Firm Workforce: Communication

The shift to working remotely came suddenly for most without much lead-time for planning. Law firms adapted to the new normal thinking it would be a few months or maybe just a matter of weeks. It’s become clear, especially in cities like Los Angeles where social distancing measures haven’t contained the virus, that we are […]

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Fifty Years Ago Today

No date on the calendar causes me to think more about this country than August 26. It’s my personal Fourth of July. August 26, 1970. That’s the date on which my family arrived in the United States. My mom, my brother, and I took a Pan Am flight and settled in Philadelphia. We followed my […]

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Should You Hire a Graduate of the Law School Class of 2020?

California has joined the ranks of states temporarily allowing law school graduates to practice under the supervision of licensed attorneys without first passing the bar exam. This unprecedented situation gives rise to two related questions: Should you hire a graduate of the class of 2020? And if you do, how should you employ them? The […]

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The 3-Step Process to Useful Revenue Projections

We’ve written before about maintaining cash flow in a crisis and how projecting revenues is vital to the planning process. While this isn’t a concern limited to economic hard times, the uncertainty caused by the pandemic dramatically increases the importance of establishing and implementing a sound system for estimating future revenues. Establishing a process for […]

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Troubling Signs for Non-Equity Partners

The legal services industry, along with much of the country, is coming to terms with the reality that COVID-19 is not the short, temporary interruption many had hoped. We are beginning to see law firms make more permanent adjustments. Headlines in publications like the American Lawyer are already highlighting the acquisition of stars in hot […]

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Is This the Time to Pursue Antitrust Litigation?

Even the biggest law geeks tend to have a MEGO (my eyes glaze over) moment when they hear about antitrust law. To be sure, antitrust law can be daunting. It has its own jargon, and litigating an antitrust case is at the intersection of complicated law and sometimes even more technical economic analysis. As a former antitrust lawyer who […]

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The Dangers of Excessive Optimism

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 times like these, it’s doubly important not to get carried away betting on best-case scenarios. In practical terms, this means that owners should plan for […]

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Sharing Financial Information with Junior Lawyers

When you’re ready to elevate a junior lawyer to the partnership level, you’ll likely have to handle the delicate process of sharing financial information that this employee was not previously aware of. This is happening more often as more small and mid-sized firms are going through the succession planning process. Equity partners will increasingly need […]

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Common Mistakes for Lateral Partner Questionnaires

Most lawyers are understandably inexperienced in filling out LPQs. Many attorneys looking to make a lateral move from one firm to another haven’t interviewed in years or even decades, so they either have missed the move to LPQs entirely or have filled them out so infrequently that they make significant tactical and strategic errors. The most […]