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We found 2,062 results for "Accounting and Financial Planning for Law Firms"...

Can Law Firms Be Lean?
November 02, 2013
For those who have had some exposure to Total Quality Management , the reference to Lean or Lean Six Sigma might be familiar. In principle, the necessary ingredients to achieve Six Sigma are defined objects, measurable standards and a systematic approach.
Salespeople at Law Firms?
November 02, 2013
Research over the past four years is showing a slow-moving upward trend of law firms hiring professional salespeople. This trend spans all sizes of firms, from small to global. The backgrounds of these professionals varies; primarily, they come to firms from a solid background of success in the sales world, many having worked against assigned quotas and on partial commission.
A Negotiation Tool for Spousal Maintenance
October 30, 2013
The temporary spousal maintenance law that became effective in New York State on Oct. 12, 2010, provides formulas for calculating temporary maintenance guidelines. But there is no one correct answer on how to determine the amount of final maintenance.
New Opportunities in the Legal Industry
October 29, 2013
Should law firms hire professional sales people?
Commercial Real Estate Debt Restructuring
October 29, 2013
To restructure loans experiencing maturity defaults effectively, the business, finance, and legal sectors must collaborate in a field that is as much art as it is science.
Financial Considerations That Involve Your Partnership Agreement
October 29, 2013
Is becoming a Partner still a realistic expectation in most large firms?
Financial Considerations That Involve Your Partnership Agreement
October 02, 2013
Becoming a firm partner has long been the unquestioned goal of most lawyers. But in today's large law firms, with many hundreds of partners, is this still a desirable goal when a given partner's voice may have little influence over the direction of the firm, and when a partner's income is determined by a "compensation committee" that lacks transparency?
10 Proven Strategies To Effectively Implement the Two-tier Partner Structure
October 02, 2013
This article describes 10 proven strategies that we have recommended to clients to effectively implement the two-tier partner structure.
Subjective And Objective Compensation Systems
October 02, 2013
As we sift through the results from our recently published Partner Compensation System Survey, the data draws us to consider a wide variety of questions about this vitally important management and leadership system. While the majority of our survey respondents report using some form of subjective system, about 15% of the firms report that they use a purely formulaic/objective system.
How Not to Fail On Execution
October 02, 2013
According to the Gartner Group, 70% of outsourcing engagements fail and 90% do not meet their financial goals.

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  • Strategy vs. Tactics: Two Sides of a Difficult Coin
    With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
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  • The Article 8 Opt In
    The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
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  • The Stranger to the Deed Rule
    In 1987, a unanimous Court of Appeals reaffirmed the vitality of the "stranger to the deed" rule, which holds that if a grantor executes a deed to a grantee purporting to create an easement in a third party, the easement is invalid. Daniello v. Wagner, decided by the Second Department on November 29th, makes it clear that not all grantors (or their lawyers) have received the Court of Appeals' message, suggesting that the rule needs re-examination.
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