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Features

Shielding Law Practices: Mitigating Vendor Risks to Safeguard Client Confidentiality Image

Shielding Law Practices: Mitigating Vendor Risks to Safeguard Client Confidentiality

Brad Hibbert

Because vendors often access clients' internal systems, customer data, and intellectual property, they will always be a magnet for hackers searching for valuable data. Bad actors will always look for the weak spots in a firm's defenses, including those deployed by a firm's vendors and other third parties. And signs point to a growing number of cyberattacks, not a lessening of them.

Features

Let's Do Lunch! Image

Let's Do Lunch!

Steve Salkin

Is the lunch meeting still a thing? Is it a lost art? A lost opportunity?

Features

AI, the Billable Hour and Improving Client Service Image

AI, the Billable Hour and Improving Client Service

J. Mark Santiago

The ultimate guardian of the quality of client service is the partners' own judgement but properly utilizing AI can set expectations that will benefit the clients and the firm and end forever the "End of the Billable Hour" stories.

Features

Need to Do More with Less? Focus on CRM Success Image

Need to Do More with Less? Focus on CRM Success

Chris Fritsch

In this era of more with less, marketers desperately need tools to fill in the gaps between more and less. One potential tool should be the firm's customer relationship management software.

Features

Nurture Your Clients To Develop, and Deepen, Relationships Image

Nurture Your Clients To Develop, and Deepen, Relationships

Yuliya LaRoe

Business development is, first and foremost, about people and your relationships with these people. While marketing and visibility activities (speaking, writing, etc.) are critical, it's the people who ultimately make the hiring decisions. As a lawyer, while time is rarely on your side, developing your Nurture System will help you strengthen and deepen your important relationships in ways that are sustainable and effective.

Features

Law Firm Leadership: Beyond Coffee and Client Alerts: Strategizing Your Client Nurture System for Multidimensional Relationships Image

Law Firm Leadership: Beyond Coffee and Client Alerts: Strategizing Your Client Nurture System for Multidimensional Relationships

Yuliya LaRoe

Business development is, first and foremost, about people and your relationships with these people. While marketing and visibility activities (speaking, writing, etc.) are critical, it's the people who ultimately make the hiring decisions. As a lawyer, while time is rarely on your side, developing your Nurture System will help you strengthen and deepen your important relationships in ways that are sustainable and effective.

Features

How Law Firms Can Utilize Artificial Intelligence for Marketing Image

How Law Firms Can Utilize Artificial Intelligence for Marketing

Stuart J. Oberman

Artificial Intelligence will revolutionize law firm marketing forever. Law firms are now (or should be) leveraging the potential of AI in order to enhance their marketing efforts. By harnessing the capabilities of AI, law firms are able to expand their marketing strategies, boost efficiency, accuracy, and overall client engagement.

Features

The Way Big Law Reacts to Economic Cycles Is Unrealistic, Unhealthy and Inhumane Image

The Way Big Law Reacts to Economic Cycles Is Unrealistic, Unhealthy and Inhumane

Alexander M. Geisler

The problem isn't that economies are cyclical, that's a fact of life. The problem here is that Big Law can sometimes have unrealistic reactions to both upturns and downturns. If this happens, it's not in the interests of their own attorneys or their clients. It's inhumane and unhealthy.

Features

Client Development Through Law Firm Health & Hygiene: A Practical Guide Image

Client Development Through Law Firm Health & Hygiene: A Practical Guide

Alex Geisler

Your clients are what they are, clients. The idea that they can be turned into bigger clients by you developing them is a myth. If you need to develop yourself to make your clients bigger — such that they send you more of their business more often — how do you go about it?

Features

Business Development Strategies to Inspire Trust and Confidence from the Beginning Image

Business Development Strategies to Inspire Trust and Confidence from the Beginning

Stephanie Friese

Someone may think we are exceptionally kind, funny and compassionate, but may not be assured we can accomplish a client's goal, in which case they will be hesitant to refer business to us. So, how do we begin to inspire trust and confidence in the first meeting?

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    “Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
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  • Private Equity Valuation: A Significant Decision
    Insiders (and others) in the private equity business are accustomed to seeing a good deal of discussion ' academic and trade ' on the question of the appropriate methods of valuing private equity positions and securities which are otherwise illiquid. An interesting recent decision in the Southern District has been brought to our attention. The case is <i>In Re Allied Capital Corp.</i>, CCH Fed. SEC L. Rep. 92411 (US DC, S.D.N.Y., Apr. 25, 2003). Judge Lynch's decision is well written, the Judge reviewing a motion to dismiss by a business development company, Allied Capital, against a strike suit claiming that Allied's method of valuing its portfolio failed adequately to account for i) conditions at the companies themselves and ii) market conditions. The complaint appears to be, as is often the case, slap dash, content to point out that Allied revalued some of its positions, marking them down for a variety of reasons, and the stock price went down - all this, in the view of plaintiff's counsel, amounting to violations of Rule 10b-5.
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