Law Firm Management

Exclusive law firm financial reporting and rankings. News, trends and analysis of law firm management; leadership profiles, market reports and case studies.

  • 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.

    1 minute read

  • 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.

    1 minute read

  • 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?

    1 minute read

  • 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.

    1 minute read

  • 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.

    1 minute read

  • Professional Development: The training game

    By a:1:{i:0;s:1:" ";} | July 4, 2007

    With recruitment and retention now a key issue for both law firms and in-house legal departments, the ability to offer high quality professional development is a key tool in developing and retaining talent.

    1 minute read

  • No spam here

    By a:1:{i:0;s:1:" ";} | July 4, 2007

    Joyce Legal is a niche law firm specialising in litigation and construction law. To tie in with a new guide it had written on construction design regulations, the firm wanted to put on a series of seminars for the construction industry. With a two-week lead time to produce a printed flier and a three-week lead time to arrange for inserts in a leading industry publication, the quickest and most cost-effective way of promoting the events was by email. Target companies received a downloadable copy of the booking form and were returning bookings before a postal invitation would have hit their desks.

    1 minute read

  • Management: Pregnant and redundant

    By a:1:{i:0;s:1:" ";} | June 27, 2007

    There is a perception among senior management in some City law firms that female lawyers who take time off work to have a family are no longer ambitious or committed to their careers. Some female lawyers in their thirties hold off starting a family, in the hope that they will be promoted to a partnership position first.

    1 minute read

  • Tech tonic

    By a:1:{i:0;s:1:" ";} | June 20, 2007

    It is a sign of the times that many of the issues legal IT professionals are grappling with are the same issues that are affecting lawyers. Whereas IT may have previously been viewed by fee earners as a back-office function, the strategic goals of IT and legal professionals have since become rather more entwined; both sides have a greater awareness of each other's role within the firm. In the words of Allen & Overy (A&O) managing partner David Morley: "pretty much everything we are doing now has a technology angle, but it is not always obvious."

    1 minute read

  • Prepare for the worst

    By a:1:{i:0;s:1:" ";} | June 20, 2007

    Few law firm managers would place contingency planning at the top of their management agenda given the current economic climate. However, a number of factors suggest that the tide might be turning and less prosperous times could be on the horizon. It is therefore vital for firms to plan now for any future downturn to ensure they are in a strong position to ride out the storm.

    1 minute read

  • The American Lawyer

    Polsinelli Posts Positive Financials and an Increased Head Count

    By Scott Flaherty | March 8, 2018

    The growing firm saw some of its lateral hiring pay off in 2017, when it posted positive financial metrics across the board.

    1 minute read

  • Pro Mid Market

    Sandberg Phoenix MP Says Project Management, Collaboration and Commoditization All Factors in Firm's Future

    By Lizzy McLellan | March 8, 2018

    Sandberg Phoenix & von Gontard P.C. is a Midwest law headquartered in St. Louis, Missouri with offices in Kansas City, Missouri and Southern Illinois.

    1 minute read

  • Texas Lawyer

    One-Third of Texas Law Firm Leaders Say They Are Open to Merger Talks

    By Brenda Sapino Jeffreys | March 8, 2018

    A new survey finds that 82 percent of Texas law firm leaders have been approached over the last year about a potential combination, and 32 percent say they are open to considering it.

    1 minute read

  • 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

    1 minute read

  • 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

    1 minute read

  • 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.

    1 minute read

  • 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.

    1 minute read

  • 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.

    1 minute read

  • 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

    1 minute read

  • 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."

    1 minute read

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