People's Republic of China Adopts Social Security System
Law firms and their foreign attorneys working in China should ensure that they will be compliant with the latest local Social Security rules and practices to avoid noncompliance penalties.
Features
'Second Generation' Long'Term-Care Planning
In the absence of the implementation of the CLASS Act, employers who have not done so already might want to consider offering a private long-term-care insurance plan with an enrollment strategy that touches on paying for and planning for long-term care.
The Vital Signs of Firm Profitability
The ultimate objective of law firm management is to create profit for owners. It is the role of a managing partner, management committee, and CFO to understand the elements that impact profitability, identify and improve weaknesses that soften profitability, and capitalize on opportunities to enhance profitability.
2011 Law Department Compensation Benchmarking Survey
News reports about the overall U.S. economy may still be trending negative, but there is good news in the results of Corporate Counsel's 2011 Law Department Compensation Benchmarking Survey.
Ethics Considerations When Computing in the Cloud and on the Earth
Attorneys must remember that while the technology has changed, the ethics rules have not ' the same rules apply in the Cloud as on the Earth, and the benefits of technology do not come without potential ethical pitfalls.
Features
Project Planning
Effective project management is one of the most cost-effective and powerful tools in your tool belt. Here's why.
How Social Media Builds Your Practice
One glance at the MLF 50 will prove that social media, along with other techology, is no longer a "maybe" for today's law firm, but a necessity. And yet many attorneys are still hesitant to take the plunge. It's up to us, as law firm marketers, to lead the way. This timely article explains why.
The Magnificent 25
This year, for the first time, we decided to give smaller firms a chance to be noticed. And here is what we learned: With the advancement of website sophistication, social media tools, and other creative techniques, smaller firms are also effectively reaching their targets and delivering sophisticated messages and innovative marketing solutions. Our search yielded an astonishing number of top-notch firms in this brand-new category. We are thrilled to highlight the top five firms below.
Features
The Seventh Annual MLF 50: The Top 50 Law Firms in Marketing and Business Development
Despite dreary economic conditions, 2011 proved to be a highly energized year for law firm marketing departments. Responding well to the "doing more with less" mantra from management committees, talented legal marketing professionals moved their firms to gain substantial market share and expansion at home and abroad. It is with great excitement that we introduce you to the 2011 MLF 50.
Alternative Fee Arrangements
Switching to a responsibly run alternative fee agreement will not only reduce the risk to the real client, but will motivate lawyers to be more responsible and much more efficient. Both the clients and the lawyers serving them can win.
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MOST POPULAR STORIES
- Compensating the Rising StarA young, dynamic partner is rapidly building a practice. She is active, visible, and well connected in the market. She aggressively pursues business opportunities. She is known for her keen intellect, is highly respected, and her work is first rate. Clients regularly comment on her ability to seamlessly blend pragmatic legal and business advice that advances their agendas in very positive ways. Other firms have periodically made runs at her beginning around her mid- to-senior associate years, but she began her career here and feels much attached to the firm.Read More ›
- Pricing It Right: Restructuring BillingAs pressure on pricing continues, Big Law firms are buying (or building) analytics technology and hiring pricing specialists ' people who use market data, internal firm data and economics/pricing experience to ensure that firms are smart about bidding on work. The mission: Educate clients about the value the firm brings, while making sure to charge enough to make a profit.Read More ›
- Successful Data MigrationWhen corporate legal and IT departments deploy new enterprise software, migrating legacy data into the new system is usually one of the larger challenges faced. When it comes to e-discovery software, this challenge is exasperated as matter information may be contained in legacy systems or in a collection of spreadsheets or other ad hoc tools.Read More ›
- Insurance Issues In AI-Related RisksMost entertainment industry organizations have by now heard the warning bells of risks that come with the use of artificial intelligence technology, from data privacy and cybersecurity threats to potential copyright infringement and discrimination claims. In face of the recent spike in AI-related litigation, such risks could soon prove costly, leaving one last barrier of defense for entertainment companies that use AI: insurance.Read More ›