Law Firm Management

Information overload

By a:1:{i:0;s:1:" ";} | August 8, 2007

Information overload is a problem for all of us: too many emails, too much data, too many magazine articles to read. Sorting the wheat from the chaff is a major challenge. And if lawyers are to focus on the right information, a lot of the sorting has to be done for them. How can firms approach this challenge?

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Creative coaching

By a:1:{i:0;s:1:" ";} | August 1, 2007

There are good clients and better clients. This is a situation most law firms will recognise - the better ones are profitable. Yet how do you work out which clients are valuable to the firm? And how true is the accepted premise that you should nurture small clients because they grow into substantial fee generators and pay back the initial investment you make in them?

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Merger mechanics

By a:1:{i:0;s:1:" ";} | July 25, 2007

Over the past five years there have been significant developments within the legal services sector in the major global offshore jurisdictions, in particular the creation of multi-jurisdictional offshore law firms representing a dramatic change from the traditional offshore law firm model.

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Professional Development: The learning zone

By a:1:{i:0;s:1:" ";} | July 25, 2007

A recent Legal Week roundtable, in association with LexisNexis, addressed the crucial issue of professional development and how law firms with modern, effective training structures can steal a march on their rivals in the war for talent. Scott Appleton reports

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Financial Management: Building the future

By a:1:{i:0;s:1:" ";} | July 18, 2007

In helping many law firms win and retain business during the past 10 years, practice areas such as litigation have told us they are finding it increasingly difficult to predict where their next instructions are coming from. Changes such as the Woolf reforms are affecting the size of their market and the potential it offers. Some lawyers even contend that the nature of their work means they can only react to their market. We disagree.

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Financial Management: The right measure

By a:1:{i:0;s:1:" ";} | July 18, 2007

The recent debate among managing partners about whether law firms should be focusing on wider issues than profits per equity partner (PEP) has highlighted the question of what really drives firms forward and whether robust financials are, in isolation, a good indicator of a firm's long-term health.

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Staying power

By a:1:{i:0;s:1:" ";} | July 18, 2007

A recent report by the Law Society, The Great 'Quality of Life' Debate: Best Practice in Staff Retention and Job Satisfaction revealed several worrying trends with two in particular highlighted. Of the firms surveyed, 73% said there were problems with employee retention and 58% identified problems with employee engagement. These are significant and concerning findings.

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The backup plan

By a:1:{i:0;s:1:" ";} | July 18, 2007

Family law specialists 29 Bedford Row recently took the unusual step (for a barristers' chambers) of outsourcing its whole IT support and disaster recovery solution. Will more chambers follow suit in the attempt to ditch the 'quill and ink' image that so many outside the profession believe still persists?

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Plan of action

By a:1:{i:0;s:1:" ";} | July 18, 2007

A law firm with offices in London and the West Country recently experienced a power blackout at 4pm as a result of a failure at an electrical sub-station. At that very time, the firm was on the brink of closing a film business deal worth close to £20m. Fortunately, the firm was able to implement its contingency plans, work around the blackout and close the deal, even though it was nearly two days before power was restored.

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Lateral thinking

By a:1:{i:0;s:1:" ";} | July 11, 2007

A recruiting law firm can face more than it bargained for when making a lateral hire. A recent House of Lords decision clarifies how economic torts can be used to hold a recruiting firm liable in damages to the lateral hire's original firm. The recruiting firm has deeper pockets than the lateral so is often included in any claim.

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International Edition

Transatlantic Legal Awards 2018 launch with call for entries

By Legal Week | March 8, 2018

Submissions deadline of 9 April; awards to take place in London on 14 June

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International Edition

'All men have a role to play' – how firms are engaging male lawyers to drive real change for women in law

By Anna Ward | March 8, 2018

How firms are engaging male lawyers to drive real change for women in law

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The American Lawyer

Stephenson Harwood CEO Sharon White on Bonding With Clients

By Major, Lindsey & Africa | March 7, 2018

The firm leader opens up about retaining your personality and the importance for women of seeing other women in senior roles.

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Texas Lawyer

Revenue, Income Improve at Haynes and Boone in 2017

By Brenda Sapino Jeffreys | March 7, 2018

The firm's gross revenue set a record that was just shy of $400 million.

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The American Lawyer

DLA Piper Loses Another Leader as Poulos Prepares to Join McDermott

By Roy Strom | March 7, 2018

Michael Poulos, a Chicago-based rainmaker at DLA Piper and until recently the firm's co-managing partner of the Americas, is poised to take a team of lawyers to McDermott Will & Emery.

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International Edition

'We're going to keep paddling until we surpass the magic circle' - White & Case reasserts commitment to 2020 growth targets

By Georgina Stanley | March 7, 2018

Halfway through an ambitious five-year strategy plan, White & Case chairman Hugh Verrier assesses the firm's progress so far and discusses the challenges UK firms face globally

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New Jersey Law Journal

Gross Revenue Dips Slightly, PPP Shrinks for Partner-Replenished McElroy Deutsch

By David Gialanella | March 7, 2018

"It was a disappointing year because our productivity was up. The billable hours of the average lawyer was up. And the rates were up," managing partner Edward Deutsch said. "But I think everybody's got a problem with slow-paying clients."

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The Recorder

Fenwick & West Bounces Back With Record-High Revenue

By Xiumei Dong | March 6, 2018

The Am Law 100 firm shrugged off a sluggish 2016 by posting financial gains in several key metrics last year.

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The American Lawyer

The Early Reports: Am Law 100/200 2018

By Gina Passarella Cipriani | March 6, 2018

Here is a compilation of our early reports on Am Law 100 and 200 firm financials. This page will be updated as new reports are published.

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Daily Report Online

King & Spalding Stays in Growth Mode as Partner Profits Top $2.5M

By Meredith Hobbs | March 6, 2018

The firm surpassed the $2.5 million mark in profit per equity partner and racked up a string of notable recruits last year.

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