Legal Business

Recent Posts

Law Firm Succession Planning
Posted on 11 Feb 2010 by Legal Business Community Team

What best practices in the accounting profession can teach small law firms about "passing the torch" A recent article in the Journal of Accountancy offers timely succession planning insights for certified public accountants, which are equally... Read More

A Radical Future For The Legal Industry?
Posted on 14 May 2010 by Martindale-Hubbell Connected

Rory Webber, Martindale-Hubbell Connected's Marketing & Community Development Manager interviews legal journalist and MH Connected member, Richard Parnham. In today's difficult economy, many law firms are focusing on how to survive over... Read More

Practice Groups as Part of Organizational Structure
Posted on 27 Jan 2010 by LexisNexis Legal Business Community Staff

Practice groups have become the driving element for strategy development and implementation. However, experience shows that many firms are frustrated with the effectiveness of practice group operations, with the implementation of practice group planning... Read More

The top ten ways for lawyers to increase client satisfaction
Posted on 26 Jul 2010 by Jim Hassett

In the current economy, other lawyers will be coming after your clients. Every lawyer would therefore be well advised to increase client satisfaction and protect the relationships that ultimately pay your salary, bonus, and rent. You can't make clients... Read More

Case study of a law firm failure… and its aftermath
Posted on 27 Jul 2010 by Norman Clark

The final demise of the British firm Halliwells, reported last week in the on-line edition of The Lawyer , is a good case study in the financial failure of a law firm. The Lawyer summarized the factors that led to Halliwells' failure earlier this... Read More

Potential of Integrating Lateral Non-equity Partners
Posted on 27 Jan 2010 by Kris Satkunas

It is no secret that the integration of lateral talent into a law firm often results in a bumpy ride for the firm and the lateral lawyer coming aboard. A study by The Redwood Think Tank emphasizes the profitability gains that can be realized from taking... Read More

Group Practice Organization
Posted on 27 Jan 2010 by LexisNexis Legal Business Community Staff

In small firms, informality is often the rule. The partners may make a series of decisions regarding many aspects of their practice without a great deal of overall planning. There are few employees, hence, personnel policies may be less formal, within... Read More

Will the Future Associate be a Contract Employee?
Posted on 14 May 2010 by Building a Better Legal Profession

The future of the legal profession is full of uncertainty. Will the old habits return as they did after previous recessions, or will these changes be permanent? No one knows for sure, but there are some possibilities and trends to take notice of. Cost... Read More

Leverage: The Secret to Increased Profitability
Posted on 24 Apr 2010 by Kris Satkunas

As most legal professionals have discovered, many of the cultural distinctions that have long separated law firms from the business world, when examined more closely, have turned out to be based upon myth rather than the realities of practicing law. One... Read More

Do Litigation Team Members Have Access to the Information They Need?
Posted on 16 Mar 2010 by Rebecca Kelder Myers and Eric E. Bensen

The fourth in a series of articles about how to reduce litigation costs while getting better results. The following is adapted from Chapter II.C of Bensen & Myers on Litigation Management . The single biggest impediment to an efficient, cost effective... Read More

Forms of Organization: Centralized vs. Decentralized
Posted on 27 Jan 2010 by LexisNexis Legal Business Community Staff

Generally, the centralized departments are located in a corporate headquarters and provide legal services for the company in all of its enterprises and locations. In the decentralized law department, the headquarters contains only a general counsel and... 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

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

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

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