Law Practice Management
In the practicePRO Library: Trust Accounting in One Hour for Lawyers
Trust accounting is one area that no one can afford to overlook, but busy lawyers don’t have time or resources to waste. Lawyers who are leaving their law firms to establish their own solo practice or small firm need this simple primer to fulfill their ethical and fiduciary responsibilities to safeguard the money belonging to… Read More »
Categories: Practice Aids, Law Practice ManagementPitfalls of Judging Your Own Competency
It is not easy to know yourself. According to the Dunning-Kruger effect, a cognitive bias, less competent people think they are more competent than they actually are, and competent people think they are worse than they actually are. Consider the following three scenarios, in which you perform a task at different stages of your career… Read More »
Categories: Law Practice Management, Risk Management & Claims Prevention, Mentoring, CoachingNew in the practicePRO Library: The Lean Law Firm
It’s a difficult world for law firms these days. Client demands, increased competition, and the distractions of technology can put pressure on any business. Law firms who try to respond with “traditional” firm management are perhaps more susceptible than any other business to falling victim to the chaos. But fortunately, there’s a solution. And it’s… Read More »
Categories: Law Practice ManagementNew in the practicePRO Library: Remaking Law Firms
The traditional law-firm business model has delivered technically excellent service at seemingly whatever cost. But the times have changed, with the global financial crisis only accelerating the price-down pressures, commoditization, and client demand for efficient, business-relevant services. To respond, law firms will have to go beyond cutting costs while preserving the general way they win… Read More »
Categories: Law Practice ManagementArtificial intelligence: What is AI and will it really replace lawyers?
If you scanned social media or the headlines in many online or print-based newspapers or magazines published in 2017, you were pretty much guaranteed to see posts and articles on artificial intelligence (AI). Most of these articles suggest that AI is in the process of fundamentally changing our lives at work, home and play. And… Read More »
Categories: Technology, Legal TechnologyPerspectives on the future of law – How the professional should respond to major disruptions
The legal profession is in the midst of significant change, and is headed into a period where there will be even greater change. These changes are driven by disruptions that alter the very nature of how traditional legal services have been performed and provided to clients for decades. These disruptions include: access to justice client… Read More »
Categories: Legal Technology, Technology, Law Practice ManagementHelp Lawyers Succeed as a LSO Coach & Advisor
A lawyer coach can help participants develop skills and answer deeper questions in their careers. From building a practice to transitioning to a new practice area, the coach guides the participant by engaging in a journey of self-discovery. Like Socrates’ midwife, the coach helps the participant birth the answer from within. For some lawyer coaches… Read More »
Categories: Career Management, Risk Management & Claims PreventionNew in the practicePRO Library: Lawyers as Managers
Today more than ever, all members of a law firm must work together as a team for the benefit of clients. Coordinating and getting the most out of everyone’s contributions is the responsibility of a firm’s managers, whether they are lawyers or administrators. The fact is that few lawyers enter the profession with management experience…. Read More »
Categories: Law Practice Management