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When Your Firm Gets Bought Out, Remember That You Are An Asset Image

When Your Firm Gets Bought Out, Remember That You Are An Asset

Bryce Sanders

Career moves are big decisions. They are best not rushed. You are an asset. The acquiring firm made their move because they wanted to bring you and your peers into the organization. Give them a chance to make this worthwhile for everyone concerned.

Features

Creating a Roadmap for a Curated Career Image

Creating a Roadmap for a Curated Career

Adriana Paris

A curated career involves deep reflection, intentional thought, and a vastly different set of questions than we currently ask ourselves in law school about how to choose a job. It is not a happy accident or a lucky break — it's the result of deliberate actions and choices that align with one's personal values.

Features

5 Ways Small and Midsize Law Firms Can Improve Realization Rates Image

5 Ways Small and Midsize Law Firms Can Improve Realization Rates

Mike Mellor

Smaller law firms can significantly increase their chances of competing with large "Goliaths" by bringing an industry focus, maximizing their digital footprint, building processes and systems around the pitch/proposal process, looking backwards for strengths, and engaging in social media.

Features

Identifying and Articulating Your Differentiator Image

Identifying and Articulating Your Differentiator

Bethany Chieffallo

How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions While humility is incredibly important in business and law, it is equally important to identify and articulate what you do well — really well — in your practice. Those who can ascertain, embrace and communicate their differentiator(s) will be well-positioned for steady practice and client growth.

Features

IRS Seeks to Regulate Partnership Basis Adjustments Image

IRS Seeks to Regulate Partnership Basis Adjustments

Ezra Dyckman & Charles S. Nelson

The proposed regulations would disallow basis adjustments in many non-abusive scenarios where those basis adjustments are necessary to achieve tax results that correspond to economic reality.

Features

The Case for Building a Documentation Plan On Business Owner Compensation Image

The Case for Building a Documentation Plan On Business Owner Compensation

Jeffrey A. Galant

Business owners, among their numerous tasks, should seek to minimize income taxes as they would any other expense, of course accommodating to the extent necessary the needs of their business. In this regard, building a documentary record to support the various tax positions being taken may preserve an income tax deduction that otherwise would be lost

Features

The Double-Edged Sword of Discounting Corporate Legal Fees: Weighing Profitability Against Client Retention Image

The Double-Edged Sword of Discounting Corporate Legal Fees: Weighing Profitability Against Client Retention

Eric Dewey

This article delves into the multifaceted implications of discounting corporate legal fees, exploring both the potential benefits and the risks associated with this strategy.

Features

What Financial Questions Should You Ask Your Client? Image

What Financial Questions Should You Ask Your Client?

Bryce Sanders

If you open the door to helping clients with financial planning, it can also make sense that a law firm might address the same concerns internally. In that case, the financial planning questions a forward-thinking attorney might ask of a client are also questions that attorney should be considering in their own life.

Features

Effectively Managing Partner Autonomy Image

Effectively Managing Partner Autonomy

Marcie Borgal Shunk

The past decade has brought a significant rise in internal conflict within partnerships. Partners are wielding their autonomy to speak out (often forcefully) in favor of or opposition to broader firm decisions. This dynamic is leaving many law firms at a disadvantage.

Features

Ethical Obligations and Risks of Engaging a Temporary Attorney Image

Ethical Obligations and Risks of Engaging a Temporary Attorney

Diana C. Manning, Benjamin J. DiLorenzo & Kyle A. Valente

It is not uncommon for practitioners and law firms to employ the services of temporary (or contract) attorneys as the need may arise in contemporary practice. This article discusses the ethical obligations and associated risks that flow from engaging the services of a temporary attorney.

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