Searching Content indexed under Law Practice Management by Ostrow Reisin Berk & Abrams ordered by Published Date Descending.
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Getting Hitched: Should Our Law Firms Merge?
Last year marked the fourth consecutive year with more than 80 law firm mergers and acquisitions, according to Altman Weil Merger Line ...
United States
14 Sep 2018
Show Them The Money: Compensating Your Managing Partners
All law firms have them—the partners who spend the bulk of their practice managing the firm. But, if the firm focuses on compensating only rainmakers and large revenue generating partners ...
United States
14 Sep 2018
Value-Based Pricing Comes To Law Firms
The concept of value-based pricing (VBP) is already common in the consulting world and has received a big boost in the health care industry thanks to various initiatives ...
United States
10 Aug 2018
Why Some Law Firms Shine In A Flat Market
The large law firm market is generally experiencing flat to minimal growth. In addition, other factors such as a declining profit margin ...
United States
3 Jul 2018
Four Financial Threats To Your Firm's Long-Term Success
With the economy on the upswing, many firms are feeling flush, but current success may mask hidden financial danger.
United States
4 Dec 2017
It's Time To Pay: Revenue Versus Profit-Based Compensation
Every law firm uses a formula to compute a partner's compensation. The two formulas used by most law firms is either based on a partner's billable revenues or the profits ...
United States
4 Dec 2017
What Is Your Firm Worth?
Law firms generally do not pay as much attention to their value as technology companies or public corporations, but a variety of circumstances can trigger the need for a firm valuation
United States
31 Aug 2017
Looking Ahead: Is Your Succession Planning Up To Speed?
Millennials' emergence as a prominent demographic has highlighted the need for many workplaces to prepare for a generational shift.
United States
13 Apr 2017
Building And Maintaining A Memorable Law Firm Brand
Never underestimate the power of a strong law firm brand. Law firms that invest in creating memorable brands enjoy many benefits, including increased awareness in the marketplace and among their peers.
United States
2 Feb 2017
Ensuring Your Firm Has Adequate Capital
Many law firms struggle with determining and maintaining an adequate level of capital, or available financial resources, to support their daily operations.
United States
21 Dec 2016
How To Improve A Law Firm's Profitability In Today's Competitive Environment
Today more lawyers than ever before are in private practice. Almost 90% of today's firms employ 10 or less attorneys.
United States
7 Sep 2016
Law Firm Mergers: Once The Deal Closes, The Hard Work Begins
Closing a merger transaction is one thing; making the combination work post-merger is quite another.
United States
31 Aug 2016
Should Your Firm Consider A Two-Tier Partnership System?
If your firm hires and retains only partnership-track associates, it could be turning away profitable legal talent.
United States
8 Apr 2016
Cash Flow Statements: Your Firm's Early Warning System
Your firm's income statement and balance sheet contain most of the numbers you will find in a cash flow statement.
United States
30 Dec 2015
Foundation For Your Firm's Future
Strategic planning is key to ensuring a law firm's long-term viability, and goal setting is an indispensable ingredient.
United States
8 Dec 2015
Is Outsourcing Right For Your Firm?
In recent years, several large law firms have gained attention by centralizing their back-office functions offsite...
United States
8 Dec 2015
Why Your Firm May Need A Business Manager
Increasing client pricing pressure, new competition from nontraditional providers, volatility in the demand for M&A work or litigation services...
United States
25 Nov 2015
Iceberg Ahead! Don't Let Undercapitalization Sink Your Firm
Ferrara Smith & Humboldt (FSH) was in trouble. The fictional law firm had only one month's cash reserves and a maxed-out bank line of credit.
United States
29 Oct 2015
Does My Law Firm Need Malpractice Insurance?
According to the ABA, 5% to 6% of all private attorneys face legal malpractice charges each year.
United States
19 Feb 2015
Five Ways To Improve Client Relationships
For most lawyers, building and strengthening relationships with clients is an ongoing activity. Even the most personable and conscientious attorney experiences the occasional misunderstanding with a client — or even loses one for good.
United States
22 Jan 2015
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