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E-mail Etiquette Tips for Corresponding with Clients and Opposing Counsels

In today's world of technology, many of us have fallen into the habit of e-mailing with our clients and opposing counsels. While the swift speed of cyberspace certainly has its advantages, it also has an array of problems that follow it. This article shall briefly summarize some e-mail do's and...

Considering Solo Practice? Best Practices for Setting up Your Own Firm

Thinking of starting out on your own? From the business side to practice management., learn how to lay a sound foundation and get the best start to enable long term growth and success. Topics covered include: •Scaling and growing your business: ensure you are implementing what you can, and should...

ABA Contests FTC’s Application of Identity Theft Rules to Attorneys

An FTC rule scheduled to go into effect November 1 st could have serious implications for law firms’ fee and billing practices. The American Bar Association is trying to stop the Federal Trade Commission from applying the “Red Flag Rule” to lawyers. The “Red Flag Rule, 72 Fed...

Law Firm Price Models: What Will Change, and What Will Improve

Few would argue that the legal industry isn’t in need of drastic changes—or that these changes aren’t in the process of being violently made. For over a century law firms have operated on a professional services model, which focused on meeting client needs while eschewing the cost-centric...

Time Management for Associates

We used to call it multi-tasking. You probably think of it as maxi-tasking. Get ready to juggle six or seven assignments while appearing responsive to clients, senior attorneys, and partners. It comes with the profession! A law firm’s inventory is time—as evidenced by activities that can...

Tools to Help Organize Your Firm and other Tech Tips

A discussion and recommendations about practice management programs, back-up services, security encryption, time and billing and document creation. So, you've decided to strike out on your own or want to boost your small firm's efficiency. All you really need to run a law practice is a laptop...

Legal Community Deeply Divided On Business Issues, Impact Of Economic Downturn, Future Of The Industry

A new national survey reveals deep divisions between corporate counsel and private practice attorneys over the current state of the legal industry, the impact of the economic downturn and what the future holds for the law firm business model. The just-released State of the Legal Industry Survey was commissioned...

Alternative Fee Arrangements Gain Popularity

The push for law firms to find creative ways to change billing structures is leading to greater use of alternative fee arrangements. We’ve seen headlines recently about the death of the billable hour and the increased use of new fee structures. LegalBizDev just released the results of a survey...

Future of the Legal Industry: Insights from Indiana University Law Professor William Henderson

On alternative billing practices, how law students are dealing with the stress of the current economy and focusing legal education on skill building. Indiana University Professor of Law William Henderson’s comments following the Future of the Legal Industry forum, "Evolution or Revolution...

Are Law Firms and Law Schools too Slow to React?

You've probably seen the results of the "Future of the Legal Industry" survey. Here's the link. Future of the Legal Industry Survey. Some firms are changing billing structure. A few law schools are re-designing legal education to better prepare law students to practice upon graduation...

Attorney Philip Stern Discusses Lexis for Microsoft Office and Technology at LegalTech NY 2010

The announcement at Legal Tech of LexisNexis for Microsoft is bringing attorneys interested in streamlining their workflow to view demonstrations of this exciting new product. See what attorney Philip Stern has to say after seeing a demonstration. Click here to view video.