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We found 2,025 results for "Accounting and Financial Planning for Law Firms"...

An Innovation Mindset Improves Client Satisfaction and Retention, But What About Profits?
September 30, 2025
As law firms explore technological advancements ranging from generative AI to improved billing software, experts caution against having unrealistic expectations of immediately increased profitability, but they emphasize that an innovation mindset will improve client satisfaction and retention.
Performance, Not Size, Leads to Growth In Today’s Market
September 30, 2025
In today’s market, growth is no longer a function of how big you are, but how well you perform — how quickly you can make informed decisions, respond to shifting client needs, and align the entire firm around a shared vision of success. The firms that pull ahead over the next five years won’t be the ones with the most lawyers or the flashiest marketing budgets. They’ll be the ones that master the art and science of firm performance.
Transparency Is a Leadership Imperative In Today’s Environment
September 30, 2025
In an environment where silence often breeds suspicion, and ambiguity opens the door to distraction and misinformation, law firm leaders cannot afford to treat transparency as optional. Transparency is often seen as a communication tactic or a box to check; however, in today’s environment, it’s a leadership imperative.
5 Ways Law Firms Are Optimizing Their Back Office
September 30, 2025
Forward-thinking firms are reimagining the back office. By centralizing support functions, adopting technology, and making data-driven decisions, they are creating scalable, flexible, and resilient operations. The result? Higher productivity, improved client service, and stronger career pathways for staff. Here are 5 of the top strategies firms are implementing to optimize their back office.
How Lawyers Can Deliver More Value and Reduce Risk In Transactional Work
September 30, 2025
Firms that enable lawyers to practice at the top of their license by embracing smarter workflows and AI-driven systems that enhance human judgment aren’t just more efficient; they’re setting a new standard for excellence, reducing risk for clients, and elevating the role of the lawyer.
Firms Refocusing White-Collar Practices Based On Trump Administration’s Enforcement Priorities
September 30, 2025
While whole swaths of white collar defense work are drying up under the Trump administration, law firms are redeploying or refocusing these attorneys to matters with rising demand, such as compliance counseling and civil litigation.
Smarter Paths to Generative AI In Law Firms
September 01, 2025
Stop running pilot after pilot with different tools but failing to move beyond testing. Start with business outcomes. Redesign processes and guardrails. Rethink pricing models. And then, with clarity of purpose, choose the tools that enable the future of legal work.
Firm Leaders: You Are the Sum of Your Parts
August 31, 2025
Large law firms rode a strong 2024 on the back of broad demand and aggressive rate growth — but the model is wobbling. Expense pressure is up, realization risk is real, and AI is reshaping how clients assess value. Firms that treat their legal and client experience as structured data (and not as anecdotal story sharing at meetings) will plan faster, pitch smarter, cross-sell wider, bill more, and protect margins when market tailwinds fade.
A Mobile Device Offboarding Checklist for Preserving Business Data When Employees Leave
August 31, 2025
When employees leave, they don’t just walk out the door with their personal belongings, they often take with them valuable institutional knowledge, IP, and other business-critical data. That risk is greater than ever now that mobile devices are central to workplace productivity. Without proper data retention policies for departing employees, organizations risk losing essential information, exposing themselves to security threats, and facing costly legal consequences.
Rethinking Records: How Smarter Strategies Are Unlocking Space, Security and Savings for Law Firms
August 31, 2025
In an industry where every square foot and every second count, paper records are more than a legacy. They are a liability. While many law firms continue to manage sprawling records rooms and offsite storage contracts, a growing number are discovering measurable value, both fiscal and strategic, by embracing smarter digitization strategies.

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  • Delaware Chancery Court Takes Fresh Look At Zone of Insolvency
    Over a decade ago, a Delaware Chancery Court's footnote in <i>Credit Lyonnais Bank Nederland, N.V. v. Pathe Communications</i>, 1991 WL 277613 (Del. Ch. 1991), established the "zone of insolvency" as something to be feared by directors and officers and served as a catalyst for countless creditor lawsuits. Claims by creditors committee and trustees against directors and officers for breach of fiduciary duties owed to creditors have since become commonplace. But in a decision that may have equally great repercussion both in the Boardroom and in bankruptcy cases, the Delaware Chancery Court has revisited zone-of-insolvency case law and limited this ever-expanding legal theory.
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  • The Right to Associate in the Defense
    The "right to associate" permits the insurer to work with the insured to investigate, defend, or settle a claim. Such partnerships protect the insurer and can prove beneficial to the insured's underlying case and ultimate exposure.
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