• Law Firms, Partners Await Answers on Trump Tax Plan

    November 02, 2017 |

    Will big law firms and their partners benefit from the new Republican tax plan promoted by President Donald Trump? Not necessarily, according to tax experts who say some gains may be eroded by loss of crucial deductions.

  • Role and Responsibilities of Practice Group Leaders

    October 02, 2017 |

    Ideally, the objective of defining the role and responsibilities of Practice Group Leaders should be to establish just enough structure and accountability within their respective practice group to maximize the economic potential of the firm, while institutionalizing the principles of leadership and teamwork.

  • Equity Crowdfunding

    April 02, 2016 |

    There has been a great deal of media attention the past several years about the JOBS Act. It has various components that do various things. The aspect of the JOBS Act that has the potential to touch the largest number of Americans is Title III (Crowdfunding).

  • Guide To Escheating Outstanding Trust Fund Checks

    June 02, 2015 |

    Escheatment laws are voluminous and could appear to be unrealistic to keep up with; however, knowing that they are there can spare you from an unwelcomed unclaimed property audit.

  • Addressing Value Challenges With Collaborative Workspaces

    February 28, 2015 |

    Today's law firms face unprecedented challenges in a highly competitive and rapidly evolving marketplace. Corporate clients, under intense pressure to cut costs and increase efficiency within their own organizations, are no longer willing to simply pay an hourly rate for services rendered in good faith. They are unapologetic in demanding increased accountability and demonstrable value from the legal teams who represent them.

  • Restrictive Covenants and Partnership Agreements

    November 02, 2013 |

    This article examines the ethics of common partnership restrictive covenants, including non-compete and forfeiture-for-competition provisions, notice of withdrawal requirements, prohibitions on solicitation of partners, employees, and clients, and restrictions on using and taking documents, and suggests ways for firms to ethically protect the firm's interests.

  • Alternative Fee Agreements

    September 02, 2013 |

    There have been a spate of reports the last few months on alternative fee agreements, or AFAs as they are also known. Subsequently these have stirred a tremendous amount of conversation in the industry. Some of the conversation is helpful, some of it is constructively critical, and some of it is quite simply confusing.

  • Succession for Sustainability

    September 27, 2012 |

    Succession planning is critical to the sustainability of law firms, and it should command leadership's full attention.

  • How Clients Are Evaluating Pricing Today

    February 28, 2011 |

    Law departments are looking not only at the bottom line price, but also at the components that contribute to that bottom line. Law firm administrators can use the same type of analysis and information to guide pricing and matter management, and therefore demonstrate their firms' commitment to providing value and efficiency.