Money


Profitability Lessons

Compensation: Something’s Not Right Here

By | Mar.28.13 | 1 Comment

It was a 40-timekeeper firm with four name partners. For years, one senior partner had been giving his top clients massive volume discounts on top of rate discounts, and then staf[...]

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Profitability Lessons

Are We Making Money?

By | Mar.06.13 | 2 Comments

Is this client profitable? How do you really know? Profitability has for too long been measured based solely on metrics like hours worked, revenue and realization. Although those [...]

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Value 101

Finding a Cure for the Client Experience

By | Feb.28.13 | 2 Comments

Many clients behave like their lawyers are doctors. They only visit us when they face serious problems that require an expensive and time-consuming fix. They are unhappy when they [...]

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Trust Accounts

Tips for Handling Client Funds

By | Feb.26.13 | 2 Comments

Trust account problems are one of the top reasons lawyers are disciplined in the U.S. Certainly there are attorneys whose trust accounting activities are egregious—even criminal.[...]

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THE BEST OF ATTORNEY AT WORK

How Much Seed Money to Go Solo?

By | Jan.02.13 | 3 Comments

In case you hadn't noticed, a lot of those new lawyers who can’t find jobs are hanging out a solo shingle. Add to that those lawyers who have left a firm by choice—their own o[...]

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Clients Want Value

Abandon the Hourly Chains and Pitch Clients on Your “Why”

By | Dec.04.12 | 2 Comments

Lawyers have been talking about and wrestling with “alternative billing methods” or “alternative fee agreements" for a decade or more. Recently, however, the conversation has[...]

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