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Law Firm Group Newsletter – Summer 2019
More law firms are beginning to reconsider their billing practices, whether in response to client demands, stagnant revenues or other factors
United States
20 Aug 2019
2
Cryptocurrency Payments For Legal Services: Should You "Byte" The Bullet?
Cryptocurrencies, like Bitcoin, are not going to replace traditional currencies any time soon, but a growing number of law firms have begun to accept these currencies as payment from clients.
United States
11 Jun 2019
3
New Study Highlights The Threat Of Alternative Legal Service Providers To The Traditional Law Firm Model
A newly released joint report from the Center on Ethics and the Legal Profession at Georgetown University Law School and Thomson Reuters Legal Executive Institute (LEI) could cause some soul searching among law firms.
United States
11 Jun 2019
4
Tips To Keep A Lid On Overhead Expenses
Thanks to Hollywood, many lawyers and clients have come to see spacious office suites as signs of success.
United States
8 Apr 2019
5
Study Reveals Hallmarks At Top Firms
Every firm was placed in a quartile based on performance.
United States
8 Apr 2019
6
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
7
How To Deal With An Underperforming Partner
No managing partner likes to deal with this situation.
United States
29 Jun 2018
8
What To Do About Falling Realization Rates
Are your firm's realization rates declining? If so, most firms are in the same boat. According to the 2016 Report on the State of the Legal Market from Georgetown University Law Center ...
United States
21 Nov 2017
9
Gaining A Competitive Advantage: Putting A CRM System To Work For Your Law Firm
In a very competitive landscape, law firms have found that implementing a Client Relationship Management (CRM) system helps them to provide a consistent prospect and client experience.
United States
11 Sep 2017
10
Fraud Prevention: It's Time To Review Your Firm's Internal Controls
Fraud in corporate America is nothing new. Yet, many law firms overlook the issue in their own organization. Lawyers tend to place the firm's day-to-day operations on a back burner...
United States
23 Mar 2017
11
Ramp Up Your Referrals: How To Take An Active Role In Generating New Business
Referrals are typically the leading producer of new business for law firms. In other words, referrals mean revenue.
United States
23 Mar 2017
12
Portfolio Pricing: A Win-Win For Both Clients And Firms
During the recession, clients became more cost-conscious about their legal fees, and as the economy recovers, clients maintain that expectation.
United States
7 Oct 2015
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