This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Law firms of all sizes are feeling pressure to meet client demand for both tailored services and greater efficiencies in this rapidly changing industry. Must law firms keep pace with their clients’ technology efforts? Law firms are prime targets for the theft of sensitive client information. According to Gartner Inc.,
Gene Commander points to talent development and career advancement strategies that can propel midsize and smallerfirms into the next decade. The post Law Firm Talent Development: Rebooting Career Advancement Strategies appeared first on Articles, Tips and Tech for Law Firms and Lawyers.
economy, smaller law firms are showing greater optimism about their futures. The post Exclusive: Economic Optimism Among Smaller Law Firms Drives Increased Spending, But They Still Face Challenges Meeting Client Demands, New Survey Finds appeared first on Above the Law.
In my experience, most law firm rates are far too low. Smaller, incremental increases to hourly rates, can be massively impactful – plus, they won’t send up alarm bells for legal consumers (including your existing clients, if you don’t want to grandfather them in). That’s especially true if you bill hourly. You’re a magician.
The leader of this firm has the scoop on what makes life at smallerfirms so enjoyable for lawyers, from culture to work-life balance to gaining hands-on experience. The post Braverman Greenspun’s Managing Partner On How To Retain Attorney Talent At A SmallerFirm appeared first on Above the Law.
Many of the biggest, most profitable law firms are continuing to get bigger. But that doesn't mean there's less room for smallerfirms to occupy a leadership position in a set of practices or with a standout culture.
Law firms Scott + Scott and Darrois Villey Maillot Brochier on Wednesday sued Facebook’s parent company, Meta, on behalf of France’s leading publishers over the tech giant’s allegedly unlawful business practices. Despite this, excessive competition can hinder innovation, leading to a lack in overall productivity.
Two larger law firms have announced mergers with smallerfirms that add dozens of lawyers and expand their footprints. Davis Wright Tremaine announced June…
The post Will Biglaw Firms Make ‘Deeper Cuts’ Or Offer Smaller Payouts For Partners? Take a wild guess while you brush up your resume. appeared first on Above the Law.
The post SmallerFirms Are Doing Their Best To Get Big With Lateral Partner Spree appeared first on Above the Law. Size matters in the lateral partner game.
Smaller regional firms and boutiques are becoming an attractive option for associates seeking better job security, a wider range of practice areas, and a more sustainable work-life balance in the current market. Why NOW Is The Time To Consider A SmallerFirm appeared first on Above the Law. The post Done With Biglaw?
Perhaps the most striking statistic is that 25% of the survey’s respondents reported that their law firm had been breached at some time. Clearly, law firms are an attractive target for cybercriminals — with a plethora of data about so many people and businesses, law firms are a one-stop-shop for harvesting a wealth of information.
What can your law firm do to solve the associate turnover quandary? As 2024 turns the corner, firms across the country are still struggling with the war for talent. Here are four effective associate retention strategies that will make your culture “stickier”?
” But for many of its 17 years in business, that “all” has focused primarily on smaller law firms and their clients. Last year, Clio expanded that “all” to include mid-sized firms, and, in the wake of its record-setting $900 […]
Law firms, like any other type of business, need to manage economic fluctuations so that they are well-positioned to thrive in any economy. Biglaw firms and smaller shops may adopt different strategies in an economic downturn given the headcount and operations of various firms.
A legal industry report released today by the sibling legal technology companies LawPay and MyCase provides unique insights into the technology tools that matter most to smaller law firms in the post-pandemic era. Other types of cloud software used by firms: Calendar management software, 44%. Document management software, 43%.
Are you a paralegal trying to decide on working at a solo vs large firm? Floating means you aren’t intentional, and you stumble into an area of law, a type of law firm, or a specific position in a firm that may not be the best fit. Solo vs Large Firm. Larger Firm. Decide Where You Want to Work.
I started my professional career working for law firms directly out of college. 1 Billing your time can be stressful if you’re not meeting your firm’s annual quota…or it can be rewarding if you’re exceeding that quota and your bonus is based on that metric. A law firm is a business.
Its a bet-the-company litigation matter, and youre not quite sure which law firm to choose to handle the issue. You turn to a colleague for advice, and luckily enough, theyre ready to make a recommendation to you on the spot thanks to one firms superior client service. Click here to see them.
That doesn’t mean, however, that law firms and litigation support teams have been quick to embrace them. In the ABA 2020 Legal Tech Survey , 23% of law firms reported not being interested in AI, while 34% said they didn’t know enough about AI to speak to their firms’ interest. AI Hesitation. Why the AI hesitation?
The difference today is that the remote or hybrid work models being discussed affect the entire law firm ecosphere — beyond the partners to the business professionals and support staff. Firms moved from a 100% default office setup to an entirely virtual working space almost overnight during the height of the pandemic.
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 law firms have made the majority of their offers outside of traditional placement plans.
But, with so many products coming online, what should small firms know before they buy? It’s not true that small law firms can’t compete with bigger firms. With the right technology, your firm can take advantage of automations that remove bottlenecks and improve workflow — all while feeding you the data you need to grow.
Law firms love matching policies with their peers and a mounting push against hybrid work could offer firms the safety in numbers they need to retreat from popular hybrid models. However, these preferences shift noticeably depending on firm size. Security and privacy lead the way.
In a move that is being unironically described as shocking , and “the talk of legal circles,”the Prince of Whales is hiring a different law firm than his father! King Charles has used the law firm Harbottle & Lewis and its partner, Gerrard Tyrrell for years, but Prince William has decided to hireMishcon de Reya.
Law firms 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. Contract staffing is making this possible for many law firms and corporations. Profits per equity partner rose 11.5%
For those who are new listeners and dont know what that means Lets say that youre a litigation paralegal working in a law firm that barely ever goes to trial. As a litigation paralegal, if you say well we dont do eDiscovery at this firm. Whats that costing the client compared to a firm who uses the latest eDiscovery tools?
Virtual law firm status has worked out so well for some firms, they’re making the switch permanent. While firms are announcing their back-to-the-office plans, you may be wondering if it is possible to move your law office to a virtual setting permanently. Virtual Firms Aren’t Always 100% Remote. Should you?
The annual deep dive into client spending reveals that law firms with 750+ lawyers account for 49.3 They’ve been telling the firms — and anyone else who will listen — this for a long time. And how have the firms responded? And the big firms know it. percent of all legal spend. The yacht budget is safe.
Getty Images What was a forced decision five years ago is now an option that is being warmly welcomed by law firm owners everywhere: The use of remote staff as a viable method for managing workload. The post How Remote Staff Can Help Small Firms Punch Above Their Weight appeared first on Above the Law.
I talk to a lot of law firms about the “Rule of Thirds.” ” Basically, you divide your revenue into thirds for people, law firm overhead and profit. But people often ask me, “What exactly is in law firm overhead?”. Breaking Down Law Firm Overhead Items. Breaking Down Law Firm Overhead Items.
What do law firm CRM systems do — and do you really need one? That’s why many firms have adopted client relationship management (CRM) solutions to help improve relationships with current clients, attract new ones and transform the way they do business. Do you need a system specifically designed for law firms? Is it worth it?
As lawyers embrace remote work and resist returning to the office full time, many law firms wonder what to do with their empty offices. Should your law firm do the same? On average, firms direct 45% to 50% of annual earnings toward overhead costs, with 9% to 12% going toward monthly rent. metropolitan areas remained at 43%.
Biglaw firms with single partnership tiers are now few and far between, with more big-name firms showing that theyre ready, willing, and able to welcome nonequity partners to their ranks. Here are some additional details: Nonequity tiers have helped many other firms quickly grow in scale and profits.
You might think hurricanes and wildfires, but slower-moving disasters can fell your firm, too: illness, theft, employee lawsuits, computer malfunction. So, as firms rethink their real estate footprint and floorplans, some are looking at creating more collaborative, welcoming offices — where people feel more connected and productive.
AliveCor CEO Priya Abani argues that Apple has made a habit of taking intellectual property from smaller medical device firms in order to improve the functionalities its Apple Watch.
The past year was wonderful for law firms, and the Am Law Second Hundred had an incredible showing when it came to all things financial. While some firms came out on top, others completely exceeded expectations. I think the firms are doing a really good job in a couple of areas. How did the Am Law 200 stack up?
During the past two years, the pace of tech adoption quickened as firms moved to automate their practices for remote work and virtual practice. We wondered what tools or initiatives small firms might open their wallets for this coming year. Julie Bays: Put More Technology Dollars Toward Protecting the Firm.
Underbilling is a major and yet unnecessary drain on a firms finances, so why does it happen so often? Underbilling quietly eats away at a firms revenue , disrupts cash flow, and ultimately weakens its ability to operate efficiently. Its a major and yet unnecessary drain on a firms finances, so why does it happen so often?
VBP flips this dynamic, creating partnerships by aligning incentives between the client and the firm. The significant reductions in outside counsel spend come from a process that requires the firm to be more efficient in delivering legal services, and the client benefits from that efficiency gain.
Even (especially) if you’re in a small law firm, chances are high that your passwords are exposed on the dark web and waiting for the highest bidder. Can you imagine the havoc a data breach would create for your solo practice or small law firm? OK, if you’re in a small firm, you may be mentally checking out.
We organize all of the trending information in your field so you don't have to. Join 99,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content