Legal Business

Recent Posts

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

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

Case study of a law firm failureā€¦ 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

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

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