No longer is there a debate about whether a law firm is in business. It is clear that the answer is yes!
In Australia, a class action law firm has filed an IPO. This is the first for a law firm following new legislation in Australia that allows firms to raise funds on the public markets and allows non-lawyers to invest. A similar bill is under consideration in the United Kingdom.
While safeguards must be in place to prevent non-lawyers from practicing law, why shouldn’t they be allowed to invest in law firms just as they do in other professional service or manufacturing entities? As the proverb suggests, "these are interesting times."
View page
To qualify as a lawyer in most States, one needs to graduate from law school and then pass the bar exam. (There are some exceptions.) Nothing unusual about this.
(more…)
View page
Law firms and law department can earn recognition for their innovations.
The College of Law Practice Management sponsors the InnovAction Award to identify and honor innovation in law practice management. The application deadline is June 1st.
View page
– but you wouldn’t want someone to take it from you!" (more…)
View page
Tom Kane discusses my article about coaching that appears in Law Practice Today, the American Bar Association’s electronic magazine. The coaching concept is getting greater attention. Read Tom’s comments about what the coach can do and what to look for. The importance and duration of the process has been noted in many sports stories. Here is a post about the use of coaching in sports that I wrote earlier, as well as other posts on the topic of coaching including the ROI and the business case for coaching!
View page
A receptionist can cause great damage to a law firm! Or, a receptionist can be a shining light that clients look forward to talking to when they call. Such goodwill cannot be purchased! Such a staff-client is one of the best marketing tools available to a law firm. Too few lawyers understand this. (more…)
View page
There are two basic methods for keeping track of law firm financial performance: accrual and cash accounting. Accrual records income irrespective of whether cash has been collected, and reflects billings, work in progress (completed but not yet billed) and accounts receivable (work billed but not yet collected). Cash accounting, on the other hand, reflects only collections, never billings or work in progress.
(more…)
View page
Paraphrasing the popular NBC television show, defense counsel are increasingly coming to believe that the California State Bar (and its prosecutorial trial counsel) is less willing to bargain plea settlements with lawyers today than in the recent past, according to Amy Yarborough, Los Angeles Daily Journal Staff Writer (May 9, 2007).
(more…)
View page
Ed Poll graduates from the Million Dollar Consulting College™ Graduate School and has been inducted into the Million Dollar Consultant™ Hall of Fame.
We are proud to announce that Ed Poll is one of only 14 consultants in the world to have completed the inaugural Million Dollar Consulting™ Graduate School held in Naples, Florida in April 2007. “These people represent the finest talent in the profession,” noted Alan Weiss, Ph.D. who conducts the Colleges three times a year. “They are the best of the best in terms of methodology, integrity, client satisfaction, and contributions to the profession. And they are highly innovative, as attested by their enrolling the first graduate school of its kind.”
Five outstanding consultants from diverse disciplines have been inducted into the Million Dollar Consultant™ Hall of Fame.
View page
Russ Ruffolo discussed recycling computers and related equipment in our podcast. The Wall Street Journal, in its April 11th edition, also discussed equipment manufacturers’ offers to recycle their own equipment. Check Dell, Lenovo, HP and others. If these don’t work for you, listen to Russ.
View page
