Law Leaders Lab to help lawyers build better law businesses June 20, 2014 _ Law Leaders Lab opened its doors this week to help lawyers, law firms and legal services providers develop strategies to strengthen their practices, grow their businesses, and communicate value to clients. Law Leaders is built on the premise that the traditional…
Law Firm Transitions Blog
Law Leaders Lab and First Republic Bank are pleased to present Law Management Forum, a monthly roundtable of local law firm leaders to address significant professional, management and business issues in today’s legal marketplace. “The goal of the Law Management Forum is to generate discussion in the legal community about how law firms can improve…
This is the fourth in a series about the five emerging faces of the legal industry. In the new economy, lawyers don’t just compete against other lawyers for a share of the legal services market, they also compete against non lawyers. Lawyers’ continued reliance on the billable hour has many businesses looking for more efficient…
This is the fifth in a series of posts about the New Faces of the Law Firm Competitive Landscape. The next emerging face of the legal industry is the efficient law firm. These are firms that recognize that even the most complex legal matters have aspects that are routine and can often be standardized. They…
This is the third in a series of posts about the New Faces of the Law Firm Competitive Landscape While there is no evidence to suggest that bigger is better, that hasn’t stopped a new breed of Mega Global Firms from emerging onto the legal landscape. Mega Global Firms are easy to spot: Just follow…
When it comes to law firm strategy, there is nothing lawyers like more than non-fee sensitive work. But with the exception of corporate investigations and tax-disputes, this coveted slice of the legal market pie is not much more than a sliver, and everyone wants a bite. There was a time when most of the AmLaw…
Five emerging faces are changing the competitive landscape of the legal industry in permanent ways. Is your practice sustainable? The new faces of the legal industry include: 1) The Ultra Profitable Firm — The handful of AmLaw firms whose profits per partner are so great that they are able to leverage their buying power to…
August is the weakest month for billable hours in the United States, according to a Law 360 article published last month. Taking advantage of downtown to relax and rejuvenate is an important aspect of all of our lives. But before you completely shut down, take time out to think about your business development strategy for…
I recently had the privilege of moderating a panel of general counsel in San Diego to get their perspectives on working with outside counsel in the posts-recession economy. The lesson I took away from the conversation was about the value of follow up. While there were a variety of views on the best way to…
Globalization, technology, and law firm economics are changing the face of the legal industry. Lawyers are not going to go away, but the practice of law is going to be different. Law firms need to understand where they fit in the market, who they compete against, the type of work they compete for and how…
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