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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
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
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
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?
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
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
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.
Features
Tips for Complying with ABA and State Rules On Attorney Advertising
Liz Lindley
If legal marketing professionals are looking for the absolutely clear and consistent rules about attorney advertising that every firm can or should follow, know that the search is futile because the states not only modified the rules but called them by other names including codes, guidelines, standards, oaths, principles, pillars or tenets.
Features
ABA Issues New Ethics Opinion On Billing for AI-Supported Work
Mimi Lamarre
A new American Bar Association ethics opinion touches on what has been a risky business area for Big Law in the emergence of generative AI: billing and fees related to AI-supported legal work.
Features
LJN Quarterly Update: 2024 Q2
Steve Salkin
The LJN Quarterly Update highlights some of the articles from the nine LJN Newsletters titles over the quarter. Articles include in-depth analysis and insights from lawyers and other practice area experts.
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