Opening a Profitable Law Office in the New Economy PDF Download

Author: Daniel M. Breen
Publisher: Booklocker.com
ISBN: 9781634909884
Category : Business & Economics
Languages : en
Pages : 92

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Book Description
How to Open a Profitable Law Office in the New Economy is a practical guide available for lawyers who are interested in learning more about opening a practice. Daniel M. Breen walks through the fundamentals of law office ownership in way that is both approachable and insightful. You will learn about the necessary building blocks of getting an office up, running, and making money.

Author: Dwight Floyd
Publisher: Ark Company
ISBN: 9781783583720
Category : Law
Languages : en
Pages : 100

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Book Description
The convergence of changes in the legal landscape - wider economic pressures, the growing implementation of legal technologies, the disrupting influence of alternative service providers and their competitive pricing offerings - mean that the corporatization of the law firm is well underway. The "business of law" is now more of a priority than ever before, with procurement and pricing professionals playing increasingly significant roles within firms and a growing focus towards the measurement and analysis of profit, rather than simply its generation, becoming apparent. With this becoming common practice, it is now essential for those at the helm of their firm's profitability to take a deep dive into its real fundamentals.The Future of Profitability Models and Analysis for Law Firms provides this kind of comprehensive exploration into the recent and revolutionary approaches firms are adopting in their pursuit of greater returns in this current period of renaissance for the law. Featuring contributions from field experts and thought leaders - including pricing directors, chief financial officers, and management consultants - combines trendspotting, exploratory intelligence with case studies and real-world examples of best practice to act as a launchpad for application and instruction.

Author:
Publisher:
ISBN:
Category : Law offices
Languages : en
Pages : 136

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Book Description

Author: Mitt Regan
Publisher: University of Chicago Press
ISBN: 022674227X
Category : Law
Languages : en
Pages : 294

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Book Description
The Great Recession intensified large law firms’ emphasis on financial performance, leading to claims that lawyers in these firms were now guided by business rather than professional values. Based on interviews with more than 250 partners in large firms, Mitt Regan and Lisa H. Rohrer suggest that the reality is much more complex. It is true that large firm hiring, promotion, compensation, and termination policies are more influenced by business considerations than ever before and that firms actively recruit profitable partners from other firms to replace those they regard as unproductive. At the same time, law firm partners continue to seek the non-financial rewards of being members of a distinct profession and are sensitive to whether their firms are committed to providing them. Regan and Rohrer argue that modern firms responding effectively to business demands while credibly affirming the importance of non-financial professional values can create strong cultures that enhance their ability to weather the storms of the modern legal market.

Author: Jeremy W. Richter
Publisher: Scarlet Oak Press
ISBN: 173366551X
Category : Law
Languages : en
Pages : 220

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Book Description
Have happier clients. Get better results. Make more money. You can have a more profitable and productive law practice by being a better manager of your clients, cases, and practice. When we are disorganized, we waste time and resources. Stop Putting Out Fires will give you ideas to have a more efficient practice, more effective relationships with your clients, and a more systematic approach for managing your caseload. If you want to be more productive, capture more of your billable time, and learn from the hard-earned lessons of others, Stop Putting Out Fires is a resource to aid you in that journey. At its core, Stop Putting Out Fires is about three things: 1. You having happier clients by better understanding your clients’ needs and establishing better relationships. 2. You getting better results through more effective case management and better litigation strategies. 3. You making more money, not by working more hours, but by working more efficiently, having set goals, and having a healthier practice.

Author: Neil Joel Dilloff
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
The practice of law, especially in large law firms, has been affected significantly by recent economic conditions. The recession of 2008-2009 brought about a new way of doing business for BigLaw. The year 2009 was the worst ever for law firm layoffs: more law firms laid off more employees than in all past years combined. Major law firms laid off more than 12,100 people over one-third of whom were lawyers. (It is likely that the number of layoffs was dramatically under-reported.) Moreover, some major law firms simply disappeared. As a direct result of large companies' decreased need for the sophisticated legal services typically provided by large law firms, the nation's largest firms have implemented various measures that are likely to have long-term effects on the hiring, retention, promotion, and training of lawyers. Historically, a large number of law school graduates sought employment in the nation's largest law firms. The reasons for this interest are many, including money, prestige, training, and the opportunity to do sophisticated work for large clients. Thus, one of the functions of law schools is to produce graduates who are capable of providing high level legal services and who can enter a large law firm and be successful. Law firms are looking for associates who exhibit sound judgment and creative and efficient problem solving abilities. To fulfill their function of producing practice-ready graduates, law schools must adapt to the new economic realities and their effects: fewer big firm jobs, alternate methods of billing clients, increased emphasis on marketing, moderated pay increases (and in some cases, decreased pay), fewer opportunities for partnership, and less job security. The challenge for legal education is how best to prepare students for this brave new BigLaw world.

Author: Helen Roche
Publisher: Exhibit A
ISBN: 9781908640833
Category : Business planning
Languages : en
Pages : 110

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Book Description
Law firms today are undergoing a period of continued change and competition. Law firm leaders are faced with increased pressure to raise revenues despite growing competition and changing client demands. The slow pace of growth in the global economy has had an impact on law firms, and many continue to fight to remain profitable in the wake of the economic downturn. Additional factors, such as changing regulation in the UK which has opened up the legal industry to new entrants, and the focus on alternative fee arrangements and new pricing methods in both the UK and the US, can further the demands on law firms to compete and grow. As a result, law firm leaders are under pressure to find new and better ways to increase productivity and profitability. Targeting Profitability: Strategies to Improve Law Firm Performance is an expert guide on profitability strategies for law firms. This report brings together the views of respected experts on law firm profitability from both the UK and the US, and it outlines specific areas within a firm that can be targeted to introduce improvements, adapt processes and training, and as a result increase profitability. These experts share their views on what impacts profitability within a firm, and they provide advice and tips on what can be done to make improvements. A law firm's overall objective should be to meet changing client and market needs in a manner that is profitable, and this report sets out important steps law firm leaders can take in order to meet those objectives.

Author: Lisa Newton
Publisher: CreateSpace
ISBN: 9781492870890
Category : Law
Languages : en
Pages : 184

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Book Description
Corelegal is an organised group of business professionals who all specialise in the legal sector in the UK. We have various skills and expertise between us and the reason for this book, was to share this collective knowledge with a wider audience. Corelegal first launched in 2009 and has ran various seminars for legal professionals (namely solicitors) in different cities in the UK as well as webinars with the purpose of imparting knowledge on each members key specialist subject. With new developments in the economy underway, there has been an increasing trend for more firms to start up, and existing ones to consolidate, so we decided to create a book which would help those who are already practising law, and perhaps who are thinking of starting their own law firm business, or who have been running a law firm for some time, and need to stay ahead and on top of their game. Between the writers there is collectively over 100 years experience in working with solicitors / lawyers. Using our first hand client experience (in case studies when mentioned - names have been changed to protect the innocent!), we have a valuable understanding of the legal industry, the changes that are underway and ideas that can help the savvy solicitor to come out on top. Different members have contributed a chapter or two. The book aims to bring fresh ideas and perspective, no matter if you are UK-based, or in the field of law in another part of the world. Note that we tend to use the term 'solicitors' a lot in the book, but for our purpose, we mean lawyers, attorneys, briefs, notaries and barristers too!The book is divided into four units – Finance, Operations, Marketing and Future thinking. You can skip to the part that interests you the most, or just read it from cover to cover. You may also be interested in visiting or subscribing to our YouTube channel, as snippets from previous seminars have been uploaded on there, as have webinar interviews with various members. We post articles regularly on our blog at www.Corelegal.net.

Author: Bradford W. Hildebrandt
Publisher: Aspen Publishers
ISBN:
Category : Law
Languages : en
Pages : 420

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Book Description

Author: Steven Gray
Publisher: ZeroNever
ISBN:
Category : Law
Languages : en
Pages : 51

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Book Description
A lawyer will undoubtedly wonder, "Can I start my law firm or not?" at some time in his or her career. The choice you make to open your legal practice might be the best one you've ever made. Regrettably, the only subjects covered in law school's curriculum are the laws and the procedures that govern their application. They don't take the time to teach you how to launch and manage your own company successfully. You should be aware that being a lawyer is both a profession and a business. You must perceive yourself as both an entrepreneur and a lawyer for the launch of your legal practice to be successful. It's critical to understand that the talents needed for running a business, where you'll frequently face challenging circumstances and deal with challenges of a different sort, differ from those needed for practicing law. This book entails all the information you need to start and run a successful law firm. You don’t need to wait years to get established or make a name for yourself. This book is packed with proven strategies law firms have used to establish authority and also make a fortune in the process. Make sure you follow all the launching steps to make your first 100k in the first year.