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Features

How Firms Should Be Measuring the Profitability of Matters Image

How Firms Should Be Measuring the Profitability of Matters

Hugh A. Simons

Matter profitability matters. Yet most firms struggle to measure it in a manner that is accurate, focused on the levers partners control, and inclines partners to take action. Using margin per-partner-hour (MPH) to measure profitability delivers on these objectives.

Features

When Will Disruption Hit the Legal Industry? Image

When Will Disruption Hit the Legal Industry?

Hugh A. Simons & Nicholas Bruch

Economics tells us an industry that experiences a drop in aggregate demand, adds production capacity, and increases the market overlap among competitors will suffer price erosion and profitability decline. Law firms fit this profile. Yet, in talking with law firm partners, you don't get the sense that any such "disruption" is happening. Perhaps economics has bypassed law?

Features

Cyber Crime Now Targeting Law Firms Image

Cyber Crime Now Targeting Law Firms

Collin Hite

Cyber attacks and theft are on the rise around the country, and law firms are becoming prime targets. Unlike manufacturers, banks and retailers, law firms are unique organizations that are highly vulnerable.

Features

Client Feedback and Recent GC Panel Insight Image

Client Feedback and Recent GC Panel Insight

Bruce Alltop

Discussion of a survey that highlights what the client is really thinking, and how law firms can effectively respond.

Features

Diversity As a Differentiator in the Legal Profession Image

Diversity As a Differentiator in the Legal Profession

John J. Buchanan

One aspect of law firms that is becoming increasingly of interest to clients — and an area that might offer opportunities for differentiation — is law firm commitment to increasing and sustaining diversity.

Features

<b><I>Leadership:</I></b> Linking Law Firm Leadership with Revenue Generation Image

<b><I>Leadership:</I></b> Linking Law Firm Leadership with Revenue Generation

Allan Colman

What is missing in driving revenue growth at law firms is accelerating leadership. It is one of 12 exceptional management practices that firms should focus on, including branding, building client value, strategy, team building, and so forth.

Features

Financing and Leasing Technology Is a Strategic Advantage Image

Financing and Leasing Technology Is a Strategic Advantage

Scott McFetters

Law firms may want to leverage a specific law firm management technology to gain a competitive advantage in the marketplace, but might not want to purchase those tools outright. How are you equipping your firm to succeed both in the present day and into the future?

Features

Communication and Why It Matters Image

Communication and Why It Matters

Bianca Moreiras

The art of speaking, understanding, asking and developing dialogue has been eliminated in this fast-paced, quick-reply, "do it now" universe we now live in. Sure, we can communicate around the world in seconds, and conduct business at extraordinary speed; however we have lost the "human" elements of conversation. And it matters!

Features

DLA Piper's Hack Attack Could Cost 'Millions' Image

DLA Piper's Hack Attack Could Cost 'Millions'

James Booth

At press time, DLA Piper was still recovering from its massive cyberattack, with insurance brokers claiming that the resulting upheaval could lead to costs "in the millions" for the firm.

Features

The New DOL Fiduciary Rule Image

The New DOL Fiduciary Rule

Charles B. Blanton, Jr.

</b><i.What Does It Mean to Me?</b></i><p>While there are many items and complexities to the new rule, this article focuses on the basic premise of why the rule was developed and adopted and the effect on the retirement landscape and the players involved.

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