The hidden economics of student recruitment by law firms
An expert says law firms often don’t realize how much they spend on recruiting students, nor how best to manage the experience for both prospective lawyers and firms. Read more [...]
Adding 20 percent to flat-fee prices and not feeling guilty about it
Lawyers who bill on a flat-fee basis should build a cushion into their charges to protect against their added risk, an expert argues. Read more @ attorneyatwork.com
Consumer gripes appear to be rising over non-attorney-owned firms
A newspaper reports that Arizona’s loosening of regulatory rules against private equity ownership of law firms has left some clients dissatisfied. Read more @ lawnext.com
Mea culpa: What I got wrong about private equity in law firms
This expert says private equity is not waiting for ethical permission from the legal profession before investing in some firms. Read more @ attorneyatwork.com
A law firm’s year-end financial review checklist
Even if you can’t tell a KPI from an IRA, following these three financial tips will help you avoid trouble. Read more @ attorneyatwork.com
The new frontier of law firm ownership: Private equity
The ownership of American legal firms is fragmented. That makes it an attractive target for private equity investment, despite ethics barriers. Read more @ royginsburg.com
Law firm metrics: What to do about data chaos?
QuickBooks says one thing, the practice management system another. The internal spreadsheet says something else. How a firm can tell what its revenues really are. Read more @ attorneyatwork.com
Can you retire on $1,000,000 in 2025?
The question is not only whether your money will last. But will it support a fulfilling life without the familiar routine of billable hours and court deadlines? Read more @ [...]
What new law partners need to do to build a book of business
One of the new responsibilities of newly minted partners is to bring new business into their firms in ways they were not expected to as associates. Read more @ socialmediabutterflyblog.com
Proactive pricing for law firms
Law firms which proactively design pricing strategies with clear outcomes in mind will consistently outperform their peers, the author argues. Read more @ lawvision.com
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