Edwin Reeser – Edwin B. Reeser, A Professional Law Corporation

1979 Mar Vista Avenue
Altadena, California 91001, United States

  • 626-794-8818
  • 626-794-8663

Law Firm Combinations - The Plights of Targets and Acquirers

By Edwin B. Reeser With the recent announcement of discussions between Locke Lord LLP and Edwards Wildman Palmer LLP, an overview of law firm combinations may be warranted. The odds are always extremely low that a deal to…more
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The Question of Partner Compensation Guarantees

Partner compensation guarantees can be an appropriate tool in lateral hiring situations, both for the benefit of the firm and the individual partner. However, the number of guarantees, their duration, and the situations in…more
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What Does Your Firm's 'Coverage Ratio' Really Mean?

By Edwin B. Reeser Coverage ratios are applied to businesses to forecast current and future solvency, a tool for banks and bondholders interested in the security for repayment of debt. But law firms don’t typically have long…more
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Law Firm Profitability is About How You Get There, Not Where You Get

Law Firm Profitability is About How You Get There, Not Where You Get. By Edwin B. Reeser Management effectiveness is often evaluated by profitability. There are several measures of profit, some are effective for performance…more
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Asset Alchemy - Turning WIP Lead Into Gold

Asset Alchemy-Converting WIP Lead into Gold By Edwin B. Reeser Our first foray into analyzing law firm failures focused on liquidity. This second expedition focuses on “activity ratios,” and we will transition to exploring…more
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Do You Know If Your Firm Is Sinking?

Do You Know If Your Firm Is Sinking? August 15, 2014 By Edwin Reeser Law firm failures often catch partners by surprise. So can you make an informed evaluation of how your firm is doing? There are metrics which help, and you…more
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Law firm growth may be an obsession, but it is not a strategy

Law firm growth may be an obsession, but it is not a strategy. (Reprinted with permission of the Daily Journal Corp, copyright 2014) February 20, 2014 By Edwin B. Reeser Which one of the following three statements do…more
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Law Firm Re-Equitization: How to Double Down on a Bad Bet with Somebody Else's Money

Law Firm Re-Equitization: How to Double Down on a Bad Bet with Somebody Else’s Money "Re-equitization." It is a term, and more importantly a process, which relates to law firm partnership and capitalization structure. The…more
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9 Ways for Law Firms to Raise Cash - At Their Peril

Each one of you who reads this is probably in some way a teacher and a mentor in addition to being a top-quality professional. You have learned and practice an important lesson at problem-solving from your experience, which Bill…more
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The Soft Underbelly of Corporate America: Law Firm Cybersecurity, Ethics and the Changing Field of Play

(Document Summary) Lawyers may be way behind and losing ground at effectively coping with storage, maintenance and use of client confidential data and fulfilling significant ethical obligations regarding data leakage…more
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Are verein-style law firms ignoring ethics rules regarding fee-splitting?

Are verein-style law firms ignoring ethics rules regarding fee-splitting? Edwin B. Reeser and Martin J. Foley October 1, 2013 (Reprinted with permission of The ABA Journal, 2013) The last nine years have witnessed remarkable…more
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Looking for Change in All the Wrong Places (Part 2)

Previously, we identified two fundamental problems with the business model prevalent in many of our big law firms today, though it is by no means limited to big law firms. This is where the "start over" of the new business…more
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Law Firms in the Great Recession: Looking for Change in All the Wrong Places (Part 1)

The last decade, particularly the last five years during the Great Recession, have generated tremendous change within law firms. Many long-term partners in large law firms poignantly observe that the firm they joined bears…more
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Is Your Firm Changing It's Business Model, or Is It In a Stage of Failure?

Is your firm changing its business model, or is it in a stage of failure? Oct 24, 2013 By Edwin B. Reeser The market dictates change. Sometimes it moves toward you, sometimes away, but whichever direction, it behooves those…more
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Is Your Law Firm Creating a Star Culture?

Reprinted with the permission of The American Lawyer (Copyright 2013 ) In the wake of Dewey & LeBoeuf’s collapse last year, The American Lawyer published an article we had written about an issue that turned out be a major…more
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