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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.
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.
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.
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.
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.
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.
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…
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.
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!
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.
Articles and Columns for October 2021 Is Remote Work a Thing Now? – Heather Grey-Grant is a business strategist, marketing expert and executive coach who works primarily with small to medium sized lawfirms.
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.
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.
If nothing else, 2020 and 2021 have been years to remember. Not surprisingly, the legal profession has not been immune, and lawyers and their firms have been impacted in many different ways. Not only is this data interesting, it also provides useful statistics for both job seekers and hiring attorneys in lawfirms.
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.
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.
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.
The COVID-19 pandemic brought changes to the practice of law–many of which were overdue–including virtual meetings and client conferences, remote document signings, court appearances by Zoom and Microsoft Teams, and more. And what lawfirm wouldn’t want to get paid faster and more efficiently, with minimal action required by the firm?
Whereas 2020 ended with a newfound sense of the possible, 2021 ends with us still not knowing what is ahead, and therefore which way to turn. Whereas 2020 ended with great promise for regulatory reform, 2021 ends with little further progress on that front – and even retreats to some extent. I should be more optimistic.
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.
Which lawfirms were the best at giving back? The post The Biglaw Firms Where Lawyers Did The Most Pro Bono Work (2021) appeared first on Above the Law.
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.
For example, Attorney at Work’s Top 20 Articles of 2021 captures the zeitgeist of what’s on the minds of small lawfirms. Yesterday at TechnoLawyer, we published our annual awards, aptly titled TechnoLawyer Top 10 Products of 2021. DocMoto is a document management system (DMS) built for lawfirms.
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.
Because so many lawyers and lawfirm staff have worked remotely over the past year – and many continue to do so – lawfirms have increasingly relied on online communication and collaboration tools when interacting with lawfirm clients.
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.
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.
The 2021 ABA Legal Technology Survey Report will be important historically because it gives us the first look at how lawyers responded to the COVID-19 pandemic. In fact, the 2021 results might be interpreted as another example of lawyers being late arrivals to technologies widely in use in other professions and businesses.
Articles and Columns for November 2021 Listening to the Client – In over 30 years of working with lawfirms on improving productivity and profitability Heather Gray-Grant has seen countless marketplace surveys on the incredible value of client feedback mechanisms.
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