Knowledge Management depends on Knowledge Sharing
Dennis Kennedy’s post today on this subject is brief, yet poignant, and the quotes he shares deserve deliberate thought. They echo my beliefs and previous commentary.
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Category: Management
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Mandatory retirement age
In today’s New York Times, on the front page of the Business Section, an article appears about mandatory retirement age policies of major New York law firms. It seems that law firms have yet to learn from the experiences of their corporate clients. Adam Smith calls this policy idiocy.
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Some lawyers don’t want employees
USAToday writes about businesses, including lawyers, who don’t want to have employees. Rather they create a virtual company, outsourcing their needs to others while performing those functions and activities that lie within the boundaries of their particular skill set and enjoyment level.
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Knowledge Management continues to grow
Ron Friedmann talks about another aspect of KM – capturing not only your own work product, but that of others. (more…)
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Hiring the right team is still the key to success
Talent will be increasingly difficult to find as this decade comes to a close. The most important key to the success of law firms will be to engage the right personnel, both attorneys and staff. (more…)
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Year-end Planning
IOMA’s Law Office Management & Administration Report features an article about year-end planning.
Drawing from our book More Secrets of The Business of Law®, the article suggests "… a few simple and practical tips that all firm leaders would do well to consider." (more…)
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Disaster Plans
In a recent survey conducted by the Association of Legal Administrators, 54% of the responding law firms indicated they had a disaster recovery plan.
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Business intelligence — Open book revolution
According to the current issue of Business Week, “… business intelligence is evolving from traditional business intelligence to pervasive business intelligence, which empowers everyone in the organization, at all levels, with shared and aligned analytics, key success indicators, alerts, and feedback mechanisms. … (more…)
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Turnover is very expensive!
Do you know how much this costs you? When talking with managing partners of the largest law firms, there is a consensus that the number is between $200,000 and $400,000! Yet, there doesn’t seem to be a great consternation about this phenomenon. It’s accepted as a cost of doing business. One managing partner even had a name for it, the “culling process.” Separate the wheat from the chaff, he said. (more…)
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Ethics goes inside
More lawyers than ever, within law firms, are performing ethics and risk management reviews both for their own law firms as well as for corporate clients. This has become a major practice area for lawyers. (more…)
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