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Sooner or later, every lawyer in solo or small firm practice asks themselves whether they should create a lawfirm website — or how long they can put it off. Maybe you have started by claiming a free Google business profile for your lawfirm and using social media to connect with potential clients.
What We Learned in 2021. In December 2021, Dave Ries, a frequent co-presenter with the authors, wrote an excellent summary of the cybersecurity portion of the ABA’s 2021 Legal Technology Survey Report. Here’s what else the ABA’s data tells us — and what’s concerning — about lawfirm cybersecurity trends.
Depending on your point of view, there’s either lots new or “not so much” new with lawfirm ownership. In a nutshell, it says that lawyers must own lawfirms. New Developments in LawFirm Ownership. Australia and the United Kingdom already permit outside ownership of lawfirms.
Smokeball has an unusual name, to be sure; but, it actually comes from a famous legal case , which just about every substantive law-loving attorney can appreciate. (I Smokeball was founded in 2010 and has been adding useful features for lawfirms ever since. I love the smell of precedent in the morning.)
Advisory firm CEB estimates that the percentage is 40%. Small lawfirms are not immune to this trend. How many lawfirm services are in the cloud, especially today? Often, they think the evasion of the policy is good for the lawfirm, that it allows for better solutions. The likely answer is no.
Think Again About the Cybersecurity Risks of Small LawFirms. It is astonishing how often small lawfirms tell us that they are too small to be at serious risk for cyberattacks. Nevertheless, there are plenty of publicly known small firm breaches. Why Are Small Firms at Great Risk?
Here’s how to turn lawfirm hiring and retention challenges to your advantage. A late 2021 survey by McKinsey & Company found 40% of employees in the U.S. Lawfirms are no exception. As Lawyers Seek Greener Pastures, Talent Retention Becomes LawFirms’ Top Concern. Flip the Script on Geography.
Were you a little surprised that you had to write yet another check for 2021 taxes? Here is what you need to know about lawfirm profits. How Should You Divide Your LawFirm Profits? I ran my family’s lawfirm before I started my company — I was basically the CFO. Paying Out LawFirm Profits.
Lawfirms are one-stop shopping for cybercriminals, alluring because they hold the data of many people and businesses. The average ransom paid at the beginning of 2021 was $118,000 – by the end of the year, it rose to $322,000. The post Ransomware Today: Top Tips for LawFirms appeared first on Attorney at Work.
The aviation tycoon Farhad Azima alleges that the international lawfirm hired illegal hackers to steal privileged information about his business, leading to a London judge holding him liable for defrauding the sovereign wealth fund of UAE’s Ras Al Khaimah emirate.
Coca-Cola Monday announced they will not implement the controversial diversity requirements for external lawfirms working for the company following a backlash from their investors. The post Coca Cola to scrap drastic diversity requirement initiative for external lawfirms appeared first on JURIST - News.
Lawfirms of all sizes are feeling pressure to meet client demand for both tailored services and greater efficiencies in this rapidly changing industry. Must lawfirms keep pace with their clients’ technology efforts? Increasing law practice specialization. According to Gartner Inc., Trends to Watch in 2022.
With this in mind, we wanted to know what health and wellness trends we can expect to see in 2021. In 2021, expect improved on-demand libraries of classes and more live-streaming sessions, some with social features. A wellness trend for 2021 is taking time for a digital detox. Five Health and Wellness Trends to Try.
With markedly increased remote interaction during the pandemic, legal services consumers will expect similar connection to and engagement with lawfirms in 2021 and beyond. In addition, communication on-the-go is one of the most in-demand features for lawfirms. Improved Communications: Internal and External.
Lawfirms didn’t let the pandemic get in the way of profitability or performance in 2020. on average in the fourth quarter of 2020, according to Thomson Reuters — and 15% among AmLaw 100 firms. Corporate law departments made structural shifts as well. Creative Staffing Arrangements Can Help LawFirms Win Business.
Large lawfirms significantly increased their numbers of diverse attorneys between 2019 and 2021, according to new data from Firm Prospects, which provides analysis of…
According to the 2021 Report on the State of the Legal Market by Thomson Reuters and Georgetown Law, the number of lawyers and staff wanting to work remotely at least one day a week has doubled in the past year. That’s why 81% of senior risk managers believe that remote work will remain a permanent feature of their firm’s operations.
Here are 9 smart ways you can make your firm more sustainable. The post 9 tools for building the sustainable lawfirm in 2021 appeared first on One Legal. Sustainability is more than a moral issue — it's also a great business decision.
COVID was not kind to lawfirm marketing and business development, with two-thirds of firms reporting that business development was more difficult in 2020, and the overwhelming majority of firms pivoting their marketing strategies, turning from live conferences and face-to-face meetings to social media, email alerts and Zoom.
Whatever the input, it should not be done at the highest cost to the firm — lawyers’ time — or to the detriment of lawyers’ mental health and overall well-being. According to the “ 2021 State of U.S. Three Reasons Admin Staff Are Integral to Your LawFirm’s Operations. They now rate it as their top concern.
lawfirms have made little progress towards achieving greater diversity, with only minimal gains over the last seven years, according to a new analysis by Law360 Pulse. More strikingly, in the seven years since 2014, the percentage of minority attorneys in lawfirms rose just four points, from 14.1% of equity partners.
Recently released American Bar Association (ABA) figures show that women and people of color made only minimal gains in joining lawfirm ranks over the past decade, reports Bloomberg News. Miami has the highest percentage of lawfirm partners of color at 32 percent. Pittsburgh has the lowest percentage at 3 percent.
Every year, when you apply for or renew your malpractice insurance, your provider asks whether you have a ‘dual calendar’ system -- like that’s good practice for running a lawfirm. To get started, visit Red Cave's NCBA landing page , and start running your law practice like a business. Only, it’s not.
Lawfirms have a lot of questions about Google reviews: how to get them, how to respond to them, why they matter, and why Google is the most important site for them. How to double your reviews in 2021. The post WATCH | Master Class: Google Reviews for LawFirms appeared first on Law Technology Today.
What We Learned in 2021. In December 2021, Dave Ries, a frequent co-presenter with the authors, wrote an excellent summary of the cybersecurity portion of the ABA’s 2021 Legal Technology Survey Report. LawFirm Policies are Still Missing Too Many Firms. Clearly, many firms need to up their game.
The LexisNexis InterAction 2021 Marketing & Business Development Report tracked lawfirm business development activities during the pandemic. So, what did high-growth firms do that no-growth firms did not? Some lawfirms have seen great success, others barely hung on, and others went out of business altogether.
Biglaw firms have pulled back in on-campus interviewing and early interview programs for summer associates in a major way. In fact, according to the National Association for Law Placement (NALP), this was the first time in decades that lawfirms have made the majority of their offers outside of traditional placement plans.
This push to return to “normal” is inevitable, even as many employers, including lawfirms, struggle with evolving guidelines from the Centers for Disease Control and local authorities. But other lawfirms are not as accommodating. Kirkland & Ellis, the most lucrative lawfirm in the U.S.
In an open letter , 21 Canadian lawsfirms Monday urged the government to “respond meaningfully to the crisis in Afghanistan.” Prime Minister Justin Trudeau announced in October 2021 that Canada would resettle 40,000 Afghans.
E-signatures had a market share of $3 billion in 2021. billion by 2029, your lawfirm needs to get on board—and sooner rather than later. Along with e-signatures, secure file-sharing is a… Read More » 7 Ways to Implement File-Sharing and E-Signatures at Your LawFirm.
Because many companies, including lawfirms, were unprepared for the rapid transition to remote work, it was easier for criminals to launch successful cyberattacks. . When that malware is activated, all data stored on a lawfirm’s on-premises servers can be locked up and held hostage for ransom.
Australian lawfirm Maurice Blackburn Lawyers filed a class action for shareholders of the Star Entertainment Group (Star Casino). ” The class action was sparked by “damning revelation” made during an October 10, 2021 joint investigative piece from 60 Minutes, The Sydney Morning Herald and The Age into Star.
It is the platform on which the lawfirm Ogletree Deakins built its ODConnect 2.0 intranet, which last week was named Transformative Project of the Year in the International Legal Technology Association’s 2021 Distinguished Peer Awards. Each office in a firm can have a unique page with information tailored to the location.
And unfortunately, lawfirms are attractive targets for cybercriminals. Here’s a breakdown of why lawfirms of all sizes need to invest even more in cybersecurity and what they can do to keep their offices safe. Why LawFirms are Popular Targets. In 2021, the average cost of a data breach reached $4.24
The 400 largest lawfirms in the U.S. saw continued growth last year, outpacing 2021's headcount additions, with surges in hiring among midsize firms accounting for a meaningful portion of the increases, according to the most recent Law360 ranking.
Seven times since 2016, Thomson Reuters has conducted a survey on the state of small lawfirms in the U.S., and every time, it found that small firms had made virtually no progress on one of their greatest challenges, which is that they spend too much time on administrative tasks to the exclusion of practicing law.
Streamline lawfirm workflows . According to more than 2,000 survey respondents who participated in MyCase’s 2021 Legal Industry Report , 61% of lawyers find capturing billable time a challenge. . Generating invoices and managing payments are essential to a lawfirm’s financial success.
Lawfirms are one-stop shopping for cybercriminals, alluring because they hold the data of many people and businesses. . The average ransom paid at the beginning of 2021 was $118,000 – by the end of the year, it rose to $322,000. . The post Ransomware Today: Top Tips for LawFirms appeared first on ALPS Blog.
Which of these lawfirm holiday cards is the best of 2021? 2021) appeared first on Above the Law. Cast your vote! The post ATL Holiday Card Contest: The Finalists!
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