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Features
Unbiased Thinking: A Blueprint for Your Law Firm Billing & Collections Transformation
Dan Safran
Law firms generally experience a similar set of common challenges and costs tied to inefficient billing and collections practices. This is a cost no firm can afford; and to that end, this article offers a blueprint for transforming billing and collections
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Features
Crafting an Effective Roadmap for Implementing Information Governance In Law Firms
Gregg Parker
This article discusses why a robust IG program is critical to modern-day law firm operations, the complexities associated with crafting such a program, and what a high-level roadmap for implementing the program looks like.
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Features
Prospective Partners Ask Small and Midsized Firm Tough Questions About Succession
David E. Wood
Do Their Chief Finance Professionals Have Good Answers?
Many senior associates want to know whether the firm is well-positioned financially to grow and prosper when the current generation of senior partners retires. To get the information they need to value an investment in the firm, they turn to its finance professional. -
Features
What We Should Have Learned from COVID, Part 1: When In Doubt, Communicate
J. Mark Santiago
First In a Series
First COVID Lesson: Leaders should communicate regularly to their firms in a more personal way, let their personality shine through, show some vulnerability and maybe reveal that they own a dog. -
Features
Minimizing Risks When Working With Contract Attorneys
Shari L. Klevens and Alanna Clair
Law firms commonly rely on contract attorneys to assist with a large project for a single matter or collective overflow from multiple matters. While using contract attorneys to address staffing needs is common and routine, it is not a risk-free arrangement. Here are some tips to help law firms minimize potential risks when working with contract attorneys.
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Features
Am Law 100 Insights: How Much Do Realization Rates Actually Matter?
Andrew Maloney
In 2023, Am Law 100 firms saw their lowest realization rates in five years. Despite the lower realization, the industry appears to have had a better financial year in 2023 compared with 2022. So how much do realization rates actually matter?
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Features
Am Law 100 Insights: Does Growth In Nonequity Partners Aid Profitability or Hinder It?
Dan Roe
For a long time, the formula for law firm leverage was simple: grow the base of the pyramid by hiring more associates, keep them busy, and profit. But in recent years, that arithmetic is looking more like calculus as expanding nonequity partner tiers increasingly contribute to the law firm leverage equation.
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