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Learn from legal expert, Harrison Barnes
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Summary: Your law firm likely has set policies regarding leave, compensation, and more. Protect your firm and its members by implementing a drug and alcohol policy.
Just what is going on here? Consider these headlines:
The activities that comprise a law firm’s marketing mix–business development, promotion, and client care— almost always have a major impact on a firm’s IT planning.
Unless you've been in the cast of ''Survivor,'' you are aware that associate salaries have taken a dramatic jump in recent months. Law firms across the country, and certainly in Washington, have had to grapple with the impact that rising associate salaries will have on their firm.
Practice Groups are increasingly becoming the way law firms manage their businesses, including a significant component of the marketing agenda. The following ten ideas will help practice groups - and especially their leaders - decide the best ways to manage and focus their marketing activities.
Several years ago, an article appeared in the McKinsey Quarterly commenting on the state of the legal profession.
When law firms first began to develop marketing programs the focus was largely on communications and promotion, and their efforts focused on such activities as seminars, media relations and newsletters. They bore little resemblance to the corporate marketing model, with its heavy emphasis on research and product or service development and delivery. The law firm marketing focus was on visibility and had little influence on firm management decision-making.
With many associates placing less of an emphasis on reaching equity partnership, law firms are responding by creating new tracks that still allow for career advancement to keep them interested.
Many law firms have grown dramatically over the past few years. The challenge for any firm that has experienced fast growth is to be able to capitalize on the firm's new platform. The larger and more diverse and dispersed a firm becomes, the more attention must be focused on managing it. The reality is that growing a firm requires substantial investment in effective management to ensure the firm gets an acceptable return on its investment in growth.
To prosper and grow, law firms of all sizes must create strategic business plans for their individual practice groups. A good strategic plan may be as simple as three to five goals with action plans designed to implement them.
Baseball star Alex Rodriguez recently hired a prominent New York defender who has been called the city's "Most Hated Attorney." But isn't defending the indefensible part of a lawyer's job? Does the public and media vilify successful attorneys more so than they do other successful people in different fields? If so, why?
Project executive summaries are extremely important because they help top project management find both relevant key information and employee achievements quickly. Since each business project is unique, project executive summaries tend to be somewhat unique every time. However, like every other thing in life, there are good rules to follow while checking project executive summaries. The project managers need to check whether a compelling executive summary report addresses the concerns of the project stakeholders through its essential five parts – the focus of the project proposal, goals, summary, key findings, deliverables, and appendix (if any).
There are a number of basic management concepts that have relevance to professional organizations. They also apply to the management of law firms. They are planning, organization, communication, delegation, direction, leadership and many such factors are responsible for healthy law firms or law practicing.
Management is the art of achieving desired objectives by using available resources. Although the term is most often used in a business setting, it applies equally to service organizations, the raising of children, or the practice of a profession.
Regular and frequent communication with clients can go far to hold together the client-attorney relationship. Some of the communication can also be used effectively as a method of developing new business.
Good mailing list management is the key to newsletter distribution. Personalized notes improve readership and effectiveness dramatically. Since the outward appearance of the newsletter in the mail can determine if it gets read or tossed, first-class delivery is generally worth the extra cost.
Industrial espionage and information sabotage has become rather ubiquitous. However, it continues to be a subject kept in the realm of security experts and rarely discussed with general employees. That, of course, may have either good or bad repercussions, but for good measure, we have listed below a few pointers given by the FBI to combat theft of intellectual property and proprietary data.
Understanding the economic and societal impact of office space in law firms is critical to satisfying the needs of human resources within your own law firm, and also helps to identify the hierarchy when you walk into any law firm for the first time. Office space is a reward, incentive, and status declaration, all at the same time. And this is more true in a law firm than most other businesses today.
If you are looking for finance to either start up a business or expand your existing one you have to accept that if you want the Bank to say yes to your superb business idea, you are going to have to spend time preparing for the interview.
Process server jobs require that you work with lawyers and individuals to serve legal papers to people on a daily basis. It is a job and business that is constantly changing, and every day is different. If you're looking for a business that is always changing, presenting new challenges, and requires a lot of thinking-on-your-feet mentality, then starting a process server company might be right up your alley.