Legal Business

Recent Posts

Personnel Policies and the Employee Handbook
Posted on 27 Jan 2010 by LexisNexis Legal Business Community Staff

It is important for efficient management and good employee relations that an employer have carefully considered and clearly stated personnel policies which are communicated to the staff. A number of personnel policies are affected by various labor laws... Read More

Integration, Training & Professional Development
Posted on 12 Feb 2010 by LexisNexis Legal Business Community Staff

Employers have an enormous stake in the transition from law school to law practice. If personnel costs are the firm's largest expense, and people are its most important assets, it is good business to make every effort to protect such valuable assets... Read More

Lessons of Recession Could be Forgotten after Turn-around
Posted on 13 May 2010 by Building a Better Legal Profession

Taking into account all of the trends and statistics of the new economy, there will be several imminent changes that will appreciably affect new legal careers. Most likely, firms will keep the billable hour, will move to merit-based compensation, and... Read More

Starting Young Pays Big Dividends: Increasing Business Development for Female Associates
Posted on 7 Oct 2010 by Harry Keshet

This article was co-written by Janet Brichard, Transformation Management Women associates who learn business development skills can become significant business generators as they hone their legal skills. Based on a study of 426 women attorneys, we... Read More

Power Up Your Firm’s Diversity Strategy: Employ BI to Fill the Information Gaps
Posted on 27 Jan 2010 by LexisNexis Legal Business Community Staff

Diversity is now squarely a priority for law firms. Many law firms have diversity committees, and many have hired diversity directors. Much attention has been paid to firm recruitment and promotion processes. Mission statements, web sites and policies... Read More

Law Firm Succession Planning
Posted on 12 Feb 2010 by LexisNexis Legal Business Community Staff

A recent article in the Journal of Accountancy offers timely succession planning insights for certified public accountants, which are equally relevant for attorneys who own their own practices. In "A 2009 Tuneup for Your Firm's Succession Planning"... Read More

Double Check that e-mail Message Before You Hit Send!
Posted on 29 Jan 2010 by Terri Imbarlina Patak and Thomas H. May

Since the era of electronic mail began, computer users have been inadvertently hitting the wrong buttons (i.e., "Reply to All") when sending e-mail messages, often resulting in embarrassing - or even worse - consequences. Recently a company... Read More

Managing Associate Recruitment & Development
Posted on 28 Jan 2010 by Kris Satkunas

With the cost structure of firms under assault like never before, every investment must be examined for the potential to improve efficiencies. Because associate recruitment and development represent such significant costs, firms stand to reap big savings... Read More

Moneyball Indeed!
Posted on 12 Feb 2010 by LexisNexis Legal Business Community Staff

Research by Kerma Partners and the Redwood Think Tank shows that incorporating "success factors" into law firm recruiting can have a big impact on firm profits. Read full article authored by James Bergin and Ron Paquette. Read More

Building Cross-Competency in Law Firms
Posted on 23 Apr 2010 by Norman Clark

Many law firms invest considerable time, effort, and resources in cross-training younger lawyers to work in more than one practice area. Cross-training is a worthwhile investment, but often a very costly one. This Green Paper outlines a new approach to... Read More

Managing Partners -- who is your successor?
Posted on 21 Jul 2010 by Deborah McMurray

KPMG's Audit Committee Insights for July 14, 2010 featured a Corporate Board Member article about CEO succession planning. A new research study of 140 public and private CEOs and boards in North America released by Heidrick & Struggles and Stanford's... Read More

When It’s Too Late for Succession Planning
Posted on 12 May 2010 by Norman Clark

Business succession and generational transition are no longer just theoretical issues or problems to be deferred until sometime in the future. By our estimates, a majority of the law firms in the world - perhaps as many as 75% of them - are now or within... Read More

Law Firm Staff: Overlooked Marketers
Posted on 8 Jun 2011 by Tom Kane

Most employees of law firms are in a great position to help in the firm's business development efforts - or help damage them. A lot of that depends on how they are treated, how much that love or hate their job, and are otherwise engaged in the... Read More

  • Blog Post: Personnel Policies and the Employee Handbook

    It is important for efficient management and good employee relations that an employer have carefully considered and clearly stated personnel policies which are communicated to the staff. A number of personnel policies are affected by various labor laws, both federal and state, and some, such as those...
  • Blog Post: Power Up Your Firm’s Diversity Strategy: Employ BI to Fill the Information Gaps

    Diversity is now squarely a priority for law firms. Many law firms have diversity committees, and many have hired diversity directors. Much attention has been paid to firm recruitment and promotion processes. Mission statements, web sites and policies have been rewritten. Unfortunately, few firms have...
  • Blog Post: Managing Associate Recruitment & Development

    With the cost structure of firms under assault like never before, every investment must be examined for the potential to improve efficiencies. Because associate recruitment and development represent such significant costs, firms stand to reap big savings by taking a more strategic approach to these activities...
  • Blog Post: Double Check that e-mail Message Before You Hit Send!

    Since the era of electronic mail began, computer users have been inadvertently hitting the wrong buttons (i.e., "Reply to All") when sending e-mail messages, often resulting in embarrassing - or even worse - consequences. Recently a company in Idaho paid the price for such a mistake. In...
  • Blog Post: Integration, Training & Professional Development

    Employers have an enormous stake in the transition from law school to law practice. If personnel costs are the firm's largest expense, and people are its most important assets, it is good business to make every effort to protect such valuable assets. Too often new associates are brought into a firm...
  • Blog Post: Moneyball Indeed!

    Research by Kerma Partners and the Redwood Think Tank shows that incorporating "success factors" into law firm recruiting can have a big impact on firm profits. Read full article authored by James Bergin and Ron Paquette.
  • Blog Post: Law Firm Succession Planning

    A recent article in the Journal of Accountancy offers timely succession planning insights for certified public accountants, which are equally relevant for attorneys who own their own practices. In "A 2009 Tuneup for Your Firm's Succession Planning", Dominic Cingoranelli writes: "The...
  • Blog Post: Building Cross-Competency in Law Firms

    Many law firms invest considerable time, effort, and resources in cross-training younger lawyers to work in more than one practice area. Cross-training is a worthwhile investment, but often a very costly one. This Green Paper outlines a new approach to cross training, which achieves well-defined, measurable...
  • Blog Post: When It’s Too Late for Succession Planning

    Business succession and generational transition are no longer just theoretical issues or problems to be deferred until sometime in the future. By our estimates, a majority of the law firms in the world - perhaps as many as 75% of them - are now or within the next ten years will be, confronting the need...
  • Blog Post: Lessons of Recession Could be Forgotten after Turn-around

    Taking into account all of the trends and statistics of the new economy, there will be several imminent changes that will appreciably affect new legal careers. Most likely, firms will keep the billable hour, will move to merit-based compensation, and will likely continue to have minimal minority representation...
  • Blog Post: Managing Partners -- who is your successor?

    KPMG's Audit Committee Insights for July 14, 2010 featured a Corporate Board Member article about CEO succession planning. A new research study of 140 public and private CEOs and boards in North America released by Heidrick & Struggles and Stanford's Rock Center revealed serious planning...
  • Blog Post: Starting Young Pays Big Dividends: Increasing Business Development for Female Associates

    This article was co-written by Janet Brichard, Transformation Management Women associates who learn business development skills can become significant business generators as they hone their legal skills. Based on a study of 426 women attorneys, we find that 53% of survey participants report that one...
  • Blog Post: Law Firm Staff: Overlooked Marketers

    Most employees of law firms are in a great position to help in the firm's business development efforts - or help damage them. A lot of that depends on how they are treated, how much that love or hate their job, and are otherwise engaged in the business of the law firm. This is particularly...