News & Analysis as of

Law Firm Ownership

Time to Turn the Wheel Again? Or Will This Year be Different?

by LawVision Group LLC on

Can 2018 really be here already? A year ago, in “2017 – The Year to Try Something New?”, I argued that 2017 was already a year of change outside the legal profession (“The Cubs are national champions and University of...more

Failing Strategies and Law Firm Success

by Hayse LLC on

I recently finished a review of the 2018 version of the Georgetown University Law Center’s Report on the State of the Legal Market. Although the report contains numerous quantitative facts reflecting continued struggles for...more

Five Steps for Preparing Your Law Firm for a Great Future

by Hayse LLC on

Predicting the future of the legal services industry is no easy task. The complexity of its landscape makes divining next year, let alone the coming years, difficult. Prophesying about the future, however, is not simply an...more

Thinking outside the box for marketing

by Ary Rosenbaum on

When I was the Vice President of a synagogue, I ran an event a month to fundraise and/or to bring members together. My crowning achievement was having a standup comedy event hosted by Sal The Stockbroker Governale from The...more

Considering A Merger? 10 Questions to Answer First

by Hayse LLC on

Merger has continued to be a strategic choice for many law firms. The below graphic, drawn from Altman Weil’s Merger Line data, reflects the increasing frequency of announced law firm combinations....more

Hearing The Need For More Women’s Voices In The Courtroom

by Morrison & Foerster LLP on

For many female attorneys, the results revealed in the New York State Bar Association’s recently adopted report on female litigators in the courtroom were not encouraging but not terribly surprising. The report, entitled...more

Four Steps for Driving Non-Equity Partner Performance Towards Equity Partner Expectations

by Hayse LLC on

Firms often find themselves with too many non-equity partners whose performance could and should be better. But because of a long string of promotion decisions and/or lax management, the non-equity partner pool is bigger than...more

6 Keys To A Healthy Law Firm – Food For Thought

by Hayse LLC on

For years, we’ve known two things about personal health: ‘We are what we eat’ and ‘We need to move more.’ Specific admonitions and instructions change, but the theme is consistent. The human body needs a balance of...more

Law Firm Business Development: Holiday Tips

by LawVision Group LLC on

The holiday season is upon us yet again. Wouldn’t it be easier if the end of the year came along at some other time during the year?! Instead, everything seems to get crammed into these last two months resulting into what...more

The Rapidly Shifting Law Firm: Responding to Client Needs and Building Trust

by Goodwin on

Goodwin Senior Counsel Brackett Denniston, former Senior VP and general Counsel at GE, recently sat down with Mike Caplan, Goodwin’s Chief operating officer, to discuss the shifting demands on today’s law firms and how to...more

Underperforming Law Firms Risk Failure

by Hayse LLC on

The measure of success is not whether you have a tough problem to deal with, but whether it is the same problem you had last year. - John Foster Dulles Former Secretary of State...more

You Can Ignore This Post…  If You Are Satisfied with How Your Firm is Doing

by LawVision Group LLC on

We’re coming up on the 10th year-end closing since the financial crash got rolling, and as many as two-thirds of American law firms are still not back to pre-recession demand levels, according to some reports. But, some are...more

10 Steps to Navigate the Labyrinth of E-Discovery for Small to Mid-Size Firms

by Pessin Katz Law, P.A. on

The practice of exchanging discovery in federal litigation has ballooned to its own cottage industry within the practice of law. Many law firms tout expertise in the practice “Electronic Discovery Law.” Heady conferences...more

Five Reasons for Law Firms to Think About a Merger in 2018

by Hayse LLC on

There is much to do when a law firm closes out its year. Getting bills out, collecting receivables, paying bonuses, and distributing profits are but a few of the things that get the attention of leadership. As long as the...more

A Time to Be Thankful…

by LawVision Group LLC on

Thanksgiving is here again – just a bit earlier this year than usual. As I sit in Chicago looking out at the dark grey skies, I can’t help but think that winter is coming – soon. It’s hard to believe another year is almost...more

Perspectives from Chinese Law Firm Leaders Part II: Thinking about Traditional Concerns in Non-Traditional Ways

by LawVision Group LLC on

While co-hosting two Chinese law firm leader roundtables recently in Beijing and Shanghai, I asked the admittedly passé question, “What keeps you up at night?” I don’t typically ask these kinds of questions, but I was...more

Location of your plan provider isn’t an issue these days

by Ary Rosenbaum on

I’m the guy who will travel to a Target further from my home because the Target in Farmingdale is far better than Westbury and Valley Stream and people think I’m crazy to travel 15 minutes more for a better run store with...more

What Makes A Great Law Firm

by Hayse LLC on

Greatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious choice, and discipline. - Jim Collins - During a re-read of the Jim Collins classic “Good To Great”, I was struck by...more

Five Steps to Making Your Law Firm More Dynamic

by Hayse LLC on

The legal services market is as competitive as ever-ask any law firm leader. More clients are bringing work in-house or turning to alternative providers. Law firms know that and fight fiercely over what is left. Lawyers...more

It’s November – Create A Stronger Law Firm in 2018

by Hayse LLC on

Most firms are in the final stretch for this year, wrestling with collections, budgets, promotions and compensation decisions. All of these are important activities. But, while focused on wrapping up 2017 let me suggest one...more

“Happy Halloween!” from Your Romanian Law Firm

by Ross Fishman on

Speaking to 50 lawyers from 40 countries at the Legal Network International (LNI) conference last week, I suggested that law firms from smaller jurisdictions could build their brands and seek referrals by connecting...more

Five Exercises for Toning Up a Law Firm’s Large Middle Section

by Hayse LLC on

Law firms look around and see that the attorney pyramid structure is crumbling or gone. In its place is an indistinct shape that often includes an oversized group of experienced lawyers not worthy, at least yet, of ownership....more

PwC – What to do about it

by LawVision Group LLC on

As if the continuing flat market and stagnant growth for U.S. law firms hasn’t been enough, a new challenge emerged last month when, for the first time, the legal arm of PwC, one of the big four accounting firms, opened a...more

Two Keys to Effective Law Firm Leadership

by Hayse LLC on

If people like you, they’ll listen to you, but if they trust you, they’ll do business with you. - Zig Ziegler - A number of things can cause one to land in a law firm leadership position; such as success in building a...more

Disruption Is Coming To Law Firms: Are You Ready?

by Blattel Communications on

Think about this for a minute: venture capitalists are looking to “disrupt” the sock industry. As chronicled on Marketplace, $110M has been invested in a sock company(!). This kind of investment in a static, eminently mature...more

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