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

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

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

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

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