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Features

Opening the Books Image

Opening the Books

Susan Beck

The criminal fraud trial of three former executives of Dewey & LeBoeuf last year cast a spotlight on an arcane, often tedious but essential part of the operations of any big law firm: accounting practices.

Features

Five Online Business Development Tips for a Prosperous 2016 Image

Five Online Business Development Tips for a Prosperous 2016

Larry Bodine

Over the last five years, there's been a sea change caused by cell phones and tablets that affect how clients find lawyers. Today, most clients go online to find a lawyer. In fact, more clients searching for an attorney found one from Internet content than they did from referrals.

Features

The Evolution of Law Firm Marketing and Business Development Image

The Evolution of Law Firm Marketing and Business Development

Amanda K. Brady

Change is constant and hard ' and usually lumpy. Understanding some of the differences between a traditional marketing function and business development is key to evaluating current practices and future expectations for this department.

Features

Revisiting Allocation of Basis Issues Image

Revisiting Allocation of Basis Issues

David E. Kahen & Elliot Pisem

The courts have taken varying approaches to determining the basis of stock that is received by an insurance policyholder in exchange for the policyholder's surrender of membership rights in a mutual insurance company, in a "demutualization" transaction. While this may seem to be a narrow and abstruse question, the approaches taken by the courts may have application in other areas of the tax law affecting analogous transactions.

Features

Law Firm Accounting: Opening the Books Image

Law Firm Accounting: Opening the Books

Susan Beck

The criminal fraud trial of three former executives of Dewey & LeBoeuf last year cast a spotlight on an arcane, often tedious but essential part of the operations of any big law firm: accounting practices.

Columns & Departments

<b><i>At the Intersection: </i></b>Wishin' and Hopin' and Sittin' on Your Hands Image

<b><i>At the Intersection: </i></b>Wishin' and Hopin' and Sittin' on Your Hands

Pamela Woldow & Doug Richardson

What if you invented a better mousetrap, but the world didn't beat a path to your door? What if you developed a promising new medicine for a troubling condition, but when the doctor prescribed it, the patient refused to take it, simply sticking it in the desk drawer while continuing to complain about the malady?

Features

<b><i>Media & Communications: </i></b> Why You Should Be Newsjacking Image

<b><i>Media & Communications: </i></b> Why You Should Be Newsjacking

Nicholas Gaffney & Elizabeth Weber

Newsjacking is a method of leveraging hot news items to generate brand recognition and client visibility. Successful newsjackers track breaking news and emerging trends, and use clever thinking to either make connections that put their clients front and center, or to simply insert their clients into a high-profile conversation that otherwise would never have included them.

Features

Higher Profitability in 2016 Image

Higher Profitability in 2016

Stephan Hovnanian

Depending on who you ask, your prospective clients are between 50%-90% through their buying process before even contacting you. Consider that for a minute, especially focusing on how powerful recommendations are in the legal profession.

Columns & Departments

<b><i>At the Intersection:</i></b> Strategic Pricing Image

<b><i>At the Intersection:</i></b> Strategic Pricing

Pamela Woldow

The difference between <I>pricing</I> legal work the way law firms have always done it and <I>strategic</I> pricing is simple: The former looks at the price tag from the law firm's point of view, focusing on revenue and profitability. The latter focuses not on how much clients can be convinced to pay, but on perceived bang for the buck... .

Features

The Annual State of the Firm Report Image

The Annual State of the Firm Report

Joel A. Rose

As the year draws to an end, many of the more enlightened law firm managing partners and members of the executive committee assess the results of the current year and begin to develop plans for the coming year.

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