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Have you ever attended a presentation that reminded you of the phrase, “Death by PowerPoint”?
From consumer to clients - about the role of the Internet in search of Lawyers
Summary / Snippet, and detailed description:
In today's time, firms must understand as a service company and the lawyers themselves as...more
Good Lord! Please make it stop.
We can’t take witnessing any more carnage or scandal from the Dewy & LeBoeuf front! The worst part, in some respects, is that clients, laterals and law firm lenders are now looking past...more
We are still sitting and gawking unabashedly at the awful train wreck that is now the fate of Dewey & LeBoeuf. The human carnage is unspeakable, yet we can’t stop staring.
The pundits are rapidly offering their own...more
I wrote recently that most law firm blogs fail because the bloggers don’t ask the right questions before they start. Specifically, you should ask yourself:
1. Whether there is a linking community that will bring...more
The numbers for 2011 for law firms are dribbling out as they inevitably do at this time of year. The reports are fairly consistent all across the board: Gross revenues up at about 3 or 4%; net profits increased at double...more
With the advent of the Tesco laws (Alternative Business Structure) across the pond, investors flocked across the pond last year in the same mad dash for riches as the hordes moved to Northern California in the gold rush of...more
Your law firm website will never reach its potential unless your content is directed to a clearly-defined audience. Since you cannot know the exact characteristics of each potential reader, you should think in terms of...more
With law firm expenses rising at a rate three times higher than revenues, law firms have been working feverishly to cut the expense side and maximize revenues, to rather good effect, thus far. This has resulted in a perfect...more
Desperate people do desperate things. This basic maxim applies in spades to lawyers.
Recent press disclosures concerning high profile law firms and, in at least several instances, of seven and eight figure thefts from...more
We are in a frenzy of lateral law firm partner movement.
Much has been written about the spate of movement during the opening weeks of 2012. But too little has been written about the steps partners should be taking in...more
International law firm combinations and merger activity was strong around the world in 2011, of special note was Squire Sanders combination/merger with Minter Ellison Perth, one of a new wave of potential US based firm's...more
Lateral hiring of partners by law firms can bring on great risks and result in huge financial disappointments. Lateral hiring can also create enormous rewards.
We have seen a spate of law firms literally fail because of...more
Time sheets – the bane of lawyers everywhere – you can’t live with them and you can’t live without them.
The endless debate continues as to whether in this era of AFA’s, fixed fees and the like, lawyers and law firm...more
The failure by the legal academy to recognize this reality may well contribute to its collapse.
Is there any rational basis for the outrageous cost of law school tuition? Not by any measure.
There are currently...more
United States based based law firms are sprouting offices abroad in epidemic fashion. A global web of offices is often perceived as assuring enhanced revenues and profitability.
Virtually every one of the AmLaw 100...more
As we face a challenging 2012, it is obvious that among the critical tools each law firm must master is the art of collaboration. For law firms to survive what will be a bumpy road, collaboration and full engagement at every...more
The ABA’s Commission on Ethics 20/20 just issued its long awaited discussion paper on admitting nonlawyers as partners to law firms. Frankly, these guys, who are certainly smart and dedicated, just don’t get it.
Are alternative fee arrangements a relic of the past? After being on the scene for barely two years are they bound for the trash heap?
The answer is resoundingly no. Rather, the market is requiring smarter and more...more
Major disruptions have historically always resulted in population shifts. The significant recent tumult in the legal profession are in fact causing a major population shift as lateral partner movement will likely reach...more
Citibank’s third quarter report on law firm profitability for 2011 was just issued and while artfully couched in cautious euphemistic terms, there is much in Citi’s reports which should give law firm leaders much to be...more
I don’t know about you, but if I see one more article telling me how important it is for me to grow my practice through social media, I may toss a grenade. If I see one more article entitled “Seven Important Steps to Take...more
Since 1988, when Finley Kumble filed for bankruptcy protection, some 32 major law firms have failed. In each of those cases, liabilities far exceeded assets and in most of these cases, partners of the defunct firm and the new...more
The United States is about to be invaded by a variety of foreign law firms and alternative providers of legal services from all four corners of the globe. These new market entrants are bent on providing a full array of legal...more
We still need to train our young lawyers the practical skills of day to day to day lawyering. We used to run a great gig under which we took raw law school graduates whose only particular skill was to “think like a lawyer” ...more