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Law Firm Management

Features

Rainmaker or Hostage Taker? Image

Rainmaker or Hostage Taker?

Richard Upton

Despite a surge in articles, blogs and white papers that focus on top trends in law firm business development and management, few have explored critical changes taking place within law firm management, particularly as they relate to the concept of the rainmaker.

Features

Information Governance Career Options Image

Information Governance Career Options

Bryn Bowen & Samantha Lofton

Regulatory and business pressures have upped the ante for data management, and information governance (IG) has emerged as the new buzzword for meeting and beating these stakes. IG is a new way of looking at information management that combines the best of what's come before with new perspectives and approaches to keeping information secure, accessible and available.

Features

How to Approach a Law Firm Merger/Acquisition Image

How to Approach a Law Firm Merger/Acquisition

Joel A. Rose

Many law firms ' of all sizes and types ' believe that their future organizational and financial security is linked to growth and/or diversification. They are seeking the lateral addition of experienced lawyers through the acquisition and merger of practices. These firms are seeking to anticipate trends of their clients and in legal practice.

Columns & Departments

In the Marketplace Image

In the Marketplace

ALM Staff & Law Journal Newsletters &

Who's doing what; who's going where.

Features

Law Firm CMOs Image

Law Firm CMOs

Michael DeCosta

Where does a CMO/CBDO belong on the law firm organizational chart? The author explains his point of view.

Features

Office Space Image

Office Space

Elizabeth Cooper & Tom Doughty

Law firms have long dominated downtown trophy office space, locating in buildings that are the best-of-the-best at "Main and Main." But times are changing. While growth is slowly returning to the legal industry, slightly rising revenues are still no match for rapidly increasing office space rents. New solutions ' and new locations ' must be found.

Features

Maximizing Value in a Software Driven World Image

Maximizing Value in a Software Driven World

Justin Hectus

Over the last decade, technology has at least conceptually moved from a supporting role to a central role in the legal industry. Law firms market their technology prowess and clients demand investments in systems and expertise to leverage technology on their behalf. It won't surprise any trainers out there, however, to read that law firms continue to face difficulty maximizing effective user behavior, mandating adherence to policies, and even encouraging attendance at training.

Features

Avoid Trust Accounting Pitfalls through Proper Internal Controls Image

Avoid Trust Accounting Pitfalls through Proper Internal Controls

Steven A. Davis & Marc Feigelson

Many attorneys run into issues related to the improper management of trust accounts, and some firms don't have the appropriate safeguards and checks in place to help prevent issues. Implementing proper controls can help reduce the risk of trust accounting improprieties and errors.

Features

Law Firm Leaders Struggle With Setting Firmwide Rates Image

Law Firm Leaders Struggle With Setting Firmwide Rates

Gina Passarella

The collective weight of the new year is upon law firm managing partners, with the season being that of collections, partner compensation and rate-setting. And the latter has proven a bit vexing for firm leaders as they grapple with setting rates in an era where firms span multiple markets and practice concentrations, clients aren't willing to pay the published rates and alternative fee deals are a growing part of firm revenue.

Features

Law Firm Billing Gets Smart with Tech Image

Law Firm Billing Gets Smart with Tech

Sean Doherty

For law firms to get smart about bidding on work, they need a legal management infrastructure with deep knowledge and understanding of their matters, staffing resources, billing rates and spending data. This business intelligence (BI), goes beyond a stand-alone matter management application.

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