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Have you ever heard the term “cash is king”? This refers to the importance of cash flow in the overall fiscal health of a business. For small and solo law firms, cash flow is the lifeblood of running the firm. Positive cash flow allows you to:
When Intelligent Design Is Better Than Evolution
By Joel A. Rose
Strong Hands-on Leadership is Crucial in Today’s Competitive Practice Environment
A financially and professionally successful law firm does not simply evolve. It must be built in an orderly and systematic manner. The values important to a firm have to be identified, defined, organized and centrally placed. The responsibility for achieving these goals must be keyed to an organizational factor. Whether this is a committee or an individual, ultimately someone must be responsible.
Cost Recovery in 2018: Predicting Winners and Losers
By Rob Mattern
Back in March of this year, we predicted changes and trends the results of the 2018 Mattern Cost Recovery Survey would reveal. At that time, we got our…
What Is Legal Design Thinking?
By Mark Beese
Design Thinking — a creative process for innovation — has become a staple topic in MBA programs and tech companies, it is just now showing up in law practice management circles.
Impact of the Big Four on the Legal Market
By Nicholas Bruch
EY’s Announcement That It Is Acquiring Riverview Law Could Accelerate the Pace of Change in the Legal Industry
There has been much talk in the past year that the Big Four were sniffing around the alternative legal services market looking for an acquisition. That wait is now over. Here is an analysis of how the acquisition may impact different sections of the legal market.
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