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DON'T DO THAT!It is amazing how out of touch some attorneys are when attending a pitch, lunch or presentation session with potential clients. Some of the comments I've heard about meetings:* “They spent most of the time talking to themselves, not us.”* “What a complete lack of respect, let alone interest – one was using a Blackberry, one answered two phone calls during our meeting, and one was a potted plant.”* “There were 2 of us and 6 of them.”* “I found that off-color joke offensive.”* “They agreed to take a table at our favorite charity, but no one showed up.”Get the message? DON'T DO THAT!
DON'T DO THAT!It is amazing how out of touch some attorneys are when attending a pitch, lunch or presentation session with potential clients. Some of the comments I've heard about meetings:* “They spent most of the time talking to themselves, not us.”* “What a complete lack of respect, let alone interest – one was using a Blackberry, one answered two phone calls during our meeting, and one was a potted plant.”* “There were 2 of us and 6 of them.”* “I found that off-color joke offensive.”* “They agreed to take a table at our favorite charity, but no one showed up.”Get the message? DON'T DO THAT!
End of year collections are crucial for law firms because they allow them to maximize their revenue for the year, impacting profitability, partner distributions and bonus calculations by ensuring outstanding invoices are paid before the year closes, which is especially important for meeting financial targets and managing cash flow throughout the firm.
Law firms and companies in the professional services space must recognize that clients are conducting extensive online research before making contact. Prospective buyers are no longer waiting for meetings with partners or business development professionals to understand the firm's offerings. Instead, they are seeking out information on their own, and they want to do it quickly and efficiently.
Through a balanced approach that combines incentives with accountability, firms can navigate the complexities of returning to the office while maintaining productivity and morale.
The paradigm of legal administrative support within law firms has undergone a remarkable transformation over the last decade. But this begs the question: are the changes to administrative support successful, and do law firms feel they are sufficiently prepared to meet future business needs?
Counsel should include in its analysis of a case the taxability of the anticipated and sought after damages as the tax effect could be substantial.