Why do formerly great law firms fail and go under? The author feels that they lost the anchor to their core values, and then started drifting into issues and concerns that eventually destroyed them from within. This article explains what can be done to keep the anchor holding.
On Aug. 21, 2014, the DOL published a request for information (RFI) regarding the use of so-called "brokerage windows" under retirement plans. The RFI is one of the more recent developments surrounding what has become an increasingly controversial topic regarding the investment of Section 401(k) and other participant-direct retirement plans.
Unless you are deaf to the present realities in today's legal marketplace, you now hear the steady drumbeat of client-focused legal service delivery: a persistent rhythm driving you toward Legal Project Management (LPM). Clients are insisting that firms price and deliver services that fit their tolerance for risk, produce excellent results and keep the work within budget ' all in the most efficient manner.
Now that the personal tax return deadline has passed, it might be a good time to consider your company's tax needs. Counsel at a Fortune 500 company recently told a colleague of ours that all of their tax matters are handled entirely outside of the legal department. This arrangement is not good. Corporate counsel and accountants must work together to bring the full measure of the company's resources to bear on tax-related issues.
A lawsuit over a law firm's foreclosure practices on behalf of Bank of America has been revived by the Third Circuit. But while the appeals court revived the plaintiff's federal claims, it upheld the dismissal of the state law claims after it predicted how the Pennsylvania Supreme Court would rule on the issue.
You've heard it a thousand times: You need to market yourself and your firm on social media. And it's true, you do, but maybe not for the reasons you think, and maybe not on the networks that self-proclaimed "experts" tell you to be active on.
About a year ago, the author launched a cloud-based technology platform that provides weekly networking programs and accountability software to help lawyers execute their business development activities. Here's how it works.
The author recently returned from the World Master of Law Firm Management Conference in Sydney, Australia, where she compared notes with folks deeply invested in the future of legal technology. They agreed that when it comes to Legal Project Management (LPM), the platforms, tools, templates and technology are evolving at the speed of ' frustration.
Time tracking and billing, an unpleasant and time-consuming distraction at the best of times, became far more painful than it needed to be.
There comes a day when the partners of your law firm will tell their associates that they need to build their own clientele. If you are the associate, this is a chilling moment. And if you are a marketing professional, here is how you can help.
