News & Analysis as of

Law Practice Management

Here’s the Latest Buyers Guide for Everything “eDisclosure”: eDiscovery Trends

by CloudNine on

How many suppliers of eDiscovery (“eDisclosure”) software and services are there?  At least 98.  How do I know that?  I know that because that’s how many suppliers Andrew Haslam lists in the eDisclosure Systems Buyers Guide –...more

An Obvious Solution to Many Challenges Within the Legal Industry – The Sabbatical??

by LawVision Group LLC on

As suggested by the question marks in the title, this following post is intended to be a thought-piece…not a recommendation for the entire legal industry. Most law firms I know do not offer sabbaticals as a benefit to...more

ABA Explains When a Lawyer Must Tell a Client About a Mistake by the Lawyer

by Holland & Knight LLP on

• The American Bar Association's (ABA) Standing Committee on Ethics and Professional Responsibility recently released Formal Opinion 481 addresses the question when a lawyer who has made a mistake must tell the client about...more

Law Firm Merger Checklist Item-Culture

by Hayse LLC on

The spring of 2018 has produced a spate of large law firm mergers. Despite this noticeable activity, the interest in mergers is not something new-over 600 mergers and acquisitions have closed since 2007. Based on the tactic’s...more

Lawyers: General Counsel Beg For Billing Changes

by Nancy Myrland on

I just finished reading an article by Kristen Rasmussen on Law.com’s Daily Report about Peter Carter, Delta’s Executive Vice President, Chief Legal Officer, and Corporate Secretary who, along with other top lawyers from...more

Best Practice Tips for the Law Firm Records Management Professional

by Epiq on

Law firms are in the information business. Information is a critical operational asset for firms, and is effectively the primary product. With the dramatic explosion of the volume of information and the risks inherent in...more

Do you need to upgrade your law firm office space?

by Stange Law Firm, PC on

Law firms and law firm owners are often tempted to upgrade their office space. The thought is that new office space might help increase morale. The thought is often that new office space might attract more clients....more

April Showers Bring…??

by LawVision Group LLC on

The first quarter is behind us and the legal industry as a whole seems to be doing reasonably well. Early reports on AMLaw firm performance suggests that at least most (though not all) of the larger firms are doing very...more

An Important Message To Law Firm Management – #LMA18

by Nancy Myrland on

I am writing this as I begin my evening flight home from New Orleans to Indianapolis. The Legal Marketing Association (LMA) Annual Conference just ended yesterday, which is always a bittersweet time for me as I am filled with...more

Legal Project Management

In this podcast, Nicole Fiamingo of McNees discusses her role and responsibilities as a Legal Project Management Coordinator. ...more

Do More Than 83% of Law Firm Mergers Fail?

by Hayse LLC on

A Forbes article references a KPMG study which indicated that 83% of mergers fail to yield a favorable return to stockholders while a separate A. T. Kearney study determined that mergers overall yield a negative return to...more

Four Important Elements to Getting Law Firm Merger Right

by Hayse LLC on

Already 2018 has proven to be a time for law firm merger. Since the beginning of the year we have been treated to a constant series of announcements about law firms combining. And although law firm mergers have been part of...more

Advertise To Other Professionals Or The Public?

by Stange Law Firm, PC on

When lawyers and law firms decide that they are going to advertise, many struggle with whom to target their advertising efforts? Do they target their advertising to other professionals? In other words, do they advertise to...more

How Do You Define the Value of a Law Firm? Thoughts for the firm considering an ownership transition.

by Hayse LLC on

What is your law firm worth? This question is paramount when the owners of a firm consider the possibilities related to a merger, a succession plan involving existing members, or the outright sale of an established practice....more

How To Maximize Your #LMA18 Annual Conference Experience

by Nancy Myrland on

From left: Alycia Sutor, Jim Durham, Mark Greene, Adam Stock [I love these people] At #SMMW18 with Jen Lehner This year, I spent some time with my mostly online (now offline, too) friend, Jen Lehner, of Jen Lehner Media, LLC....more

Six Tips to Select the Right CRM System: Evaluate Products and Providers

by Chris Fritsch on

Once you have identified a few CRM systems that meet your requirements, you can begin the vetting process to select the right CRM system for your firm. Tip 4: Direct the Demonstrations - It’s essential that the CRM...more

Employees want to get paid more, while clients want to pay less

by Stange Law Firm, PC on

Running a law firm can result in having to balance various competing interests. One of the most interesting quandaries that a law firm can face is realizing that employees almost always want to get paid more, while clients...more

Coverage From #LMA18, The 2018 Legal Marketing Association Annual Conference

by Nancy Myrland on

It’s time. The largest annual meeting of legal marketing and business development professionals from around the world is taking place in New Orleans April 9-11. If history even comes close to repeating itself, we will have...more

Law Firm Succession: Addressing the Most Important Issue

by Hayse LLC on

After years of success (by any number of measures), more than a few firm founders (or later generation leaders) confront succession. Some of them are simply ready to step back and enjoy life-turning their worries over to the...more

Six Tips to Select the Right CRM System

by Chris Fritsch on

Research estimates that up to 63% of CRM systems fail to meet expectations – and a failed CRM implementation can be extremely costly, not just in terms of the financial expense, but also because of the costs in lost time –...more

ALSP – Not Just Your Daddy’s LPO, Part Four: eDiscovery Trends

by CloudNine on

...According to the Thomson Reuters report, ALSPs are likely to continue to expand as the complexity and specialization of legal services grows. Additionally, we can expect that even more areas of ALSP specialization will...more

Does Your Law Firm Have A Case Of "The Slows?"

by Stange Law Firm, PC on

During the Civil War, President Lincoln was frustrated with the performance of General George McClellan. One of his chief complaints with General McClellan, as he put it, was that he had a case of “the slows.” Instead of...more

Springing Forward or Falling Back? It’s time to expect more from marketing and BD in law

by Adrian Dayton on

Is your firm looking for a place to innovate? Look no further than marketing and business development. ...more

ALSP – Not Just Your Daddy’s LPO, Part Three: eDiscovery Trends

by CloudNine on

...Who is actually using an ALSP? And what is the specific breakdown of these services? The Thomson Reuters Legal Executive Institute report shows that more than half of law firms and corporations are already using ALSPs with...more

No one cares about your press release: how to add personality to your sharing

by Adrian Dayton on

When it comes to social media, it’s not about you. This is the hardest lesson to digest. Whilst your website can be as glossy and indecipherable as you want to be, if your social media content is, it’s going to cause...more

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