News & Analysis as of

Law Practice Management

Five Signs Your Law Firm Needs New Energy

by Hayse LLC on

Law firms that lack energy dim their prospects for the future. Too often law firms pass over the issue of their own vibrancy (whether by a failure of recognition or simple indifference) and plod along without taking...more

What a Nordstrom Personal Shopper Can Teach Us About Client Service

by LawVision Group LLC on

“Can anyone give us an example of a non-legal service that you love”? The question was posed by John Cunningham to the four GC panelists at LSSO’s RainDance Conference in Dallas on May 9th. “Nordstrom Personal Shopper”...more

To Gate or Not To Gate — Should You Give Away Your Whitepaper or e-Guide?

by Apto Marketing LLC on

We’ve all experienced this before: we visit a website, and a pop-up showcases a whitepaper or e-Guide that we can download or have emailed to us if we provide our first name and e-mail address. This is how most businesses...more

ABA Encourages Encryption of Emails When Transmitting Confidential Client Information

by Seyfarth Shaw LLP on

In a recent formal Ethics Opinion, the American Bar Association stressed that lawyers must make reasonable efforts to prevent inadvertent or unauthorized access to confidential information relating to the representation of...more

Three Considerations of Document Proposal

by Dentons on

Reviewing and revising a law practice's document retention and disposal practices is an aspirational goal for many law firms. Indeed, setting such a policy can be quite difficult. One reason is that the rules of professional...more

Artificial Intelligence – are you keeping up?

by Hogan Lovells on

On Thursday 4 May 2017, Hogan Lovells’ Tech Hub hosted Azeem Azhar, renowned strategist, product entrepreneur and writer, who spoke about the current status and implications of Artificial Intelligence (“AI”)....more

The problem with fiefdoms

by Ary Rosenbaum on

The Brady Bunch was probably everyone’s vision of what a perfect family was. There two sets of a parent with three children of their own and together they blended the families and everything ended up happily after a 22-minute...more

5 Early Warning Signs of Law Firm Decline

by Hayse LLC on

Most problems are more easily resolved when addressed early. Pressures driving law firm instability and decline are no exception. The likelihood of early detection is enhanced by incorporating a routine...more

Lessons in Leadership from Commencement Season…

by LawVision Group LLC on

“A leader’s greatest challenge is not leading – it is making others great.” Juan Carlos Varela, President of Panama, May 6th, 2017 The words above were from President Varela’s commencement address at Georgia Tech...more

Escape Rooms and Law Firm Disfunctionality

by Adrian Dayton on

Last weekend I decided to try out an escape room. If you haven’t heard about these, you are temporarily locked in a room and given a series of clues to solve various puzzles in order to “escape.” ...more

Advisors Advantage - May 2017

by Ary Rosenbaum on

For Retirement Plan Providers, It's All About Relationships. That is what it's about. The retirement plan business is a relationship driven business. It's about connecting with other plan providers and more...more

NYS DFS Cybersecurity Regulations: Should Your Firm be Concerned?

by Prosperoware on

Last week, I looked at the global implications of new European Union regulations, reviewing how a year’s deadline will still cause a scramble to achieve compliance with the GDPR. In the United States, a recently passed...more

Improving the Odds with Law Firm Expansion

by Hayse LLC on

Virtually every week brings news about law firm expansion. The news is exciting and of great interest in and out of the legal services industry. Although the firms that report lateral hires, mergers and acquisitions and new...more

How Are You Using Your CRM Tools?

by Chris Fritsch on

The Swiss are known for inventing some pretty interesting and cool stuff: Velcro, Cellophane, the Helvetica font and, a favorite of many people, milk chocolate. But probably no other invention is so closely associated with...more

The Challenge of “Coasters” in Prospective Compensation Systems

by LawVision Group LLC on

There are many positive aspects to prospective Partner compensation systems but they have one glaring weakness that many law firm leaders wrestle with – what to do with a Partner who appears to be “coasting” and taking...more

Hoping Your Way to Law Firm Improvement

by Hayse LLC on

Déjà vu - It seems like déjà vu all over again; demand for law firm services is down, but many law firm leaders expect their firm to see an increase in demand. Based on those expectation hiring and purchasing decisions are...more

Creating content: is it worth the investment?

by Adrian Dayton on

Is it worth it for firms to create content? Is it worth it to take fee-earners off billable projects to write blog posts, white papers, and articles for newsletters?...more

Killing the Golden Law Firm Goose

by Hayse LLC on

The general approach to law firm billing rate increases continues to baffle me. The overall demand for law firm services has been flat to declining for more than a decade while the quantity of licensed lawyers continues to...more

GDPR Compliance: The Ticking Time Bomb

by Prosperoware on

General Data Protection Regulation (GDPR) compliance is not an IT exercise. Cyber security represents a huge risk to firms (records breaches increased 556% in 2016, totaling more than 4 billion) and GDPR is an important...more

Different Power Rules Apply to Men than to Women (LWB Farewell Series)

by William Henderson on

A just released study by the Yale Law Women documents that class participation at Yale Law tends to be disproportionately male (H/T to Jeff and Lior Strahilevitz at Prawfblawg). Although the report offers prescriptive advice...more

Association of Corporate Counsel Issues Guidelines for Law Firm Cybersecurity Practices

by Fisher Phillips on

The Association of Corporate Counsel (ACC) recently released a set of guidelines intended to serve as a benchmark for law firm cybersecurity practices. The guidelines include information retention, return, and destruction,...more

Bi-Modal Distribution: A Picture of the Melting Right Mode (LWB Farewell Series)

by William Henderson on

The biggest break I ever got in my academic career occurred nearly ten years ago when I attended the Council meeting for Section on Legal Education and Admissions to the Bar at the August 2007 ABA Annual Meeting. I was one...more

Law Firm Business Development: Connect The Dots To Maximize The Return

by LawVision Group LLC on

Over the course of the past decade law firm leaders have told my colleagues and me “we need to do something different” to continue to compete in the legal space. It’s no secret that demand for legal services is for the most...more

Four Reasons Law Firms Change Insurers

by Dentons on

A law firm may find that renewing its legal malpractice policy with the same insurer year after year is advantageous for a number of reasons. For example, the law firm and insurer may build a strong working relationship, and...more

Legal Whiteboard Ceasing Publication

by William Henderson on

On April 30th, The Legal Whiteboard will cease publication. During our 5+ years of operations, we generated some very good content, focusing on facts, trends and ideas affecting the legal industry. We made the ABA LawBlawg...more

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