Legal Business

Recent Posts

Training Tips to Maximize Your Software Investment
Posted on 27 Jan 2010 by Legal Business Community Team

How to leverage formal vendor training to optimize your firm's software investment and minimize your time and costs Finding the right practice management software is just part of the challenge for a small law firm. The next step is mastering it... Read More

Suddenly Solo Law Firms
Posted on 27 Jan 2010 by Legal Business Community Team

How to start, run, and grow a successful business when-by choice or chance-you're going it alone For some attorneys, being a solo practioner is an ambition they've been lucky enough to act on. For others, it can be an unexpected reality brought... Read More

Going Paperless
Posted on 10 Feb 2010 by Legal Business Community Team

Many law firms are making plans to go paperless, and many more are expressing interest in the concept. But not many of these companies are considering how they'll move all those e-papers from person to person-with accountability and without impacting... Read More

Increasing Collection Rates
Posted on 12 Feb 2010 by Legal Business Community Team

Good billing practices can help you get paid for the work you've done and improve your client relationships in the process One common experience for small and mid-sized law firms is the growing amount of receivables. Usually, there are two reasons... Read More

Surviving Disasters: Questions and Considerations for Law Firms Preparing Business Continuity Plans
Posted on 12 Feb 2010 by LexisNexis Legal Business Community Staff

What if you couldn't gain access to your office for the next week ... or month? Sounds simplistic, but these are fundamental questions law firms must address. A range of possible disasters-from the obscure, like computer viruses, burst pipes and downed... Read More

7 Tips to Manage Your Legal Spend
Posted on 12 Feb 2010 by LexisNexis Legal Business Community Staff

Recent surveys reveal that the second greatest challenge faced by corporate law departments is controlling their budgets, with a large part of the struggle attributed to spending on outside counsel. With increasing demand for legal services, rising law... Read More

Marketing Your Firm’s Legal Services During an Economic Decline
Posted on 27 Jan 2010 by Jennifer E. King

Times are tough for the U.S. economy. Even if your law firm hasn't experienced a decline in business, you've undoubtedly heard about other businesses that are taking a hit. Some law firms have laid off attorneys. Partners are taking pay cuts... Read More

Solving Law Firm Diversity Tracking with E-billing Technology
Posted on 27 Jan 2010 by Mary B. Clark

Today, the issue of diversity is a key consideration for corporate attorneys who engage outside law firms to represent their companies. Many companies have enterprise-wide diversity initiatives, but even when this is not the case, law departments have... Read More

The Digital Bridge: Linking courts and law firms electronically and the evolution of the File & Serve judicial solution
Posted on 27 Jan 2010 by LexisNexis Legal Business Community Staff

Technology is transforming the courts. It has been said that technology has made the world a smaller place to live. That paradigm applies to the relationship between courts and law firms as well. Recent advances have created the opportunity to literally... Read More

E-Billing Primer
Posted on 11 Feb 2010 by LexisNexis Legal Business Community Staff

Since the arrival of the desktop computer, companies have anticipated the paperless offi ce. For corporate law departments, the emergence of e-billing solutions has helped reduce the amount of paper flowing through the organization. The "For Services... 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

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 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

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