Legal Business

Recent Posts

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

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

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

US Supreme Court Heightens Burden for ADEA Claims
Posted on 28 Jan 2010 by Terri Imbarlina Patak and Thomas H. May

In a decision that came as a surprise to employers and employees alike, the U.S. Supreme Court decided that the longstanding standard of proof for mixed motive discrimination cases set forth in its Price Waterhouse decision of 1989 does not apply to employees... 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

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

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

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

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