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Accounting and Financial Planning for Law Firms

November 2024
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Features

Authentic Communications Today Increase Success for Value-Driven Clients Image

Authentic Communications Today Increase Success for Value-Driven Clients

Leander Dolphin & Kent Nevins

As the relationship between in-house and outside counsel continues to evolve, lawyers must continue to foster a client-first mindset, offer business-focused solutions, and embrace technology that helps deliver work faster and more efficiently.

Features

Unlocking Your Lawyers' Rainmaking Potential Image

Unlocking Your Lawyers' Rainmaking Potential

Yuliya LaRoe

With law firms continuing to face heightened market and industry pressures, business development is essential for both law firm growth and individual lawyer success. However, coaching lawyers to become effective rainmakers presents unique challenges.

Features

Second Circuit Reinforces Bankruptcy Code Settlement Payment Safe Harbor Image

Second Circuit Reinforces Bankruptcy Code Settlement Payment Safe Harbor

Michael L. Cook

The Second Circuit affirmed the lower courts' judgment that a "transfer made … in connection with a securities contract … by a qualifying financial institution" was entitled "to the protection of ... §546 (e)'s safe harbor ...."

Features

The State of Cost Recovery — Post COVID Image

The State of Cost Recovery — Post COVID

Rob Mattern

Law firm operations are different now. Obviously, the biggest impact of COVID has been the inception and continuation of the hybrid work environment. This has been a kick in the pants for law firms to migrate to a digital working environment

Features

Law Firm Real Estate Strategy: Attorney Offices Are Out, Conference Rooms Are In Image

Law Firm Real Estate Strategy: Attorney Offices Are Out, Conference Rooms Are In

Alaa Pasha

Law firms are navigating a paradigm shift in how they approach office space. With the rise of flexible workplaces, firms are finding that when their attorneys do come into the office, the main goal is to connect and collaborate with peers — and this shift has transformed how law firms address their real estate needs.

Features

How Can Lawyers Get Client Referrals? Image

How Can Lawyers Get Client Referrals?

Bryce Sanders

Getting new business doesn't always involve knocking on doors. It can often be gained by whispering in the right ears.

Features

Three Ways to Reduce Your External Legal Spend Image

Three Ways to Reduce Your External Legal Spend

James J. Stapleton

At best, it is difficult to budget for external legal fees. Needs are uncertain at the beginning of the year, and there is constant pressure to hire the best firm possible. Here are three suggestions to help you reduce your external legal spend.

Features

Are We Seeing the End of the Single-Tier Partnership Structure? Image

Are We Seeing the End of the Single-Tier Partnership Structure?

Patrick Smith

With a growing number of firms moving to a two-tier partnership structure, the question becomes what comes next for the dwindling number of major firms that don't have a nonequity tier. At what point do tradition and culture yield to change and progression?

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