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Small and midsize firms debate strategic plans
Small and midsize law firms often reject the idea of crafting a multiyear strategic plan, even though legal industry consultants say the plans can boost firm profits."Of those that plan, nearly 90 percent can attribute enhanced profits to their planning process," said John Remsen Jr., a consultant based in Atlanta who doesn't provide such planning services, but has surveyed firms with between 75 and 100 lawyers on the topic.Should Small and Midsize Firms Create Strategic Plans?
Small and midsize law firms often reject the idea of crafting a multiyear strategic plan, even though legal industry consultants say the plans can boost profits. "Of those that plan, nearly 90 percent can attribute enhanced profits to their planning process," says consultant John Remsen Jr. For most firms, the plans map out how and to what extent the firms will expand, which practice areas will be core strengths, what profits goals will be and how compensation for individual attorneys will be determined.Illinois State Supreme Court Races Pull in Big Bucks
Two weeks away from the general election, Illinois Supreme Court candidates find their campaign coffers flush with new contributions from law firms, union organizations and political parties. The state's Democrats in particular aim to increase their slim 4-3 majority on the high court, which would help the party in court battles over tort reform or challenges to political district reapportionment.States Getting in on Qui Tam Suits
Attorneys who bring cases under the federal False Claims Act see a new era in whistleblower litigation as many of the biggest states have adopted qui tam laws and are pouring resources into litigating Medicaid fraud claims.Law Firm Billing Survey: Riding a wave of misfortune
Booming business in real estate litigation and bankruptcy helped South Florida firms slightly raise their hourly rates.States getting in on qui tam suits
Attorneys who bring cases under the federal False Claims Act see a new era in whistleblower litigation as many of the biggest states have adopted so-called qui tam laws and are pouring resources into litigating Medicaid fraud claims. Encouraged by federal legislation, Michigan, New Jersey and New York have passed whistleblower laws since 2005, while Florida and Texas have amended their laws to conform with the federal False Claims Act. In all, 23 states and the District of Columbia are pooling resources to investigate and litigate Medicaid fraud suits.Three Competitors Settle With ADT For $3.7 Million
Boca Raton-based ADT Corp. obtained settlements against competitors in Florida, California and Utah for allegedly misleading ADT customers to believe the companies were affiliated with ADTState AI Legislation Is on the Move in 2024
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