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There are a number of tried and true practices in law firms that need more thinking. Not because law firm managers are stupid; it’s just that some practices need to be periodically re-evaluated and adjusted to reflect the changing times.
I remember those words that my grandfather said to me (on the first of many occasions) when I was learning to ride a bike. I had tried to make a 90-degree turn and promptly fell, chipping my front tooth on the driveway. There was a great deal of crying and a little blood and I carried the memento of that blunder until my adult teeth grew in.
The Time to Improve Administrative Performance Is Now
By J. Mark Santiago
This article focuses on what a firm can do now that will improve future firm economics regardless of what the future may hold, identifying three areas that offer the great opportunity for improving a law firms’ economics and better positioning them for whatever the future may bring.
Litigation Expense Deductibility: New Appellate Court Decision
By Daniel Mayo
The Fifth Circuit Court of Appeals recently issued a decision that explains some of the requirements for deducting litigation expenses. The facts of the case are bizarre, but the controlling legal principles are not.
Best Ways To Expand Key Client Relationships from the Lawyer and Firm Perspectives
By Julie Savarino
Part Two of a Two-Part Article
Law Firm Revenue Rose as Demand Dropped in the First Quarter of 2019
By David Altuna and Gretta Rusanow
The legal industry saw greater revenue growth during the first quarter of 2019 than it did to start the strong year of 2018. However, the drivers of that growth were much different, as the demand growth that characterized 2018 gave way to a demand decline during the first quarter of 2019, and much of the revenue growth came in the form of cash collections from 2018 inventory.
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