Law Firm Profitability

What to do with your industry focus when your chosen industry falters

After writing about the need for law firms to establish an industry focus for some time, I received the following question recently from an industry…

Patrick J. McKenna May 14, 2020

Securing Your Practice’s Future: Helping your law firm’s practice areas evolve

Previously, I’ve written that “you catch the fish in the ponds you fish in.” For your law firm, that means not only do you attract…

Mark Haddad May 12, 2020

Back to the office, but maybe not for some firms

In a Special Edition of our online Practice Innovations newsletter, we will be looking at the immediate challenges facing the legal industry and the solutions…

Dr. Sharon Meit Abrahams May 11, 2020

As economic uncertainty looms, law firms bounce back in first quarter, PMI shows

The large law firm market saw strong growth in demand and rates in the first quarter, a robust foundation that stood at the onset of…

Legal Executive Institute May 11, 2020

Process improvement & project management in the new “new normal”

While I have been going on in several blog posts, podcasts and recent speaking engagements, about the renewed need for process improvement and project management…

Frederick J. Esposito, Jr., MBA, CLM May 07, 2020

Midsize law firm strategies for strengthening client relationships during the COVID-19 crisis

Amid the ongoing pandemic crisis, it is even more crucial for lawyers at midsize law firms to seek ways to strengthen their client relationships, even…

Legal Executive Institute May 06, 2020

Data-Driven Law Firm Financial Performance & Profitability Analytics for the Next Wave

In January, I conducted a law firm sentiment survey that asked how firms performed in 2019 and whether 2020 would bring more or less favorable…

Mark Medice April 30, 2020

In the Current Crisis, Your Firm Needs You to be Both a Manager & a Leader

This 2-blog series was written by Bruce MacEwen and Janet Stanton of Adam Smith, Esq. In the first installment of this two-part series, we talked…

Legal Executive Institute April 28, 2020

Why Your Business Professional Team is Critical to Your Firm’s Viability Right Now

In recent weeks, the headlines say it all. Law firms are doing everything possible to minimize the economic downturn and the ongoing financial woes created…

Susan Raridon Lambreth April 27, 2020

Monitoring Client Industries & Planning for the Pandemic Aftershock

Amid the fast-paced consequences of this global COVID-19 pandemic, it is already a given that every law firm must now adapt to dramatic and rapidly changing…

Patrick J. McKenna April 22, 2020

Law Firm Responses to the COVID-19 Crisis: Current Actions & Future Challenges

Over the past few weeks, the legal industry, like the rest of the economy, has struggled with how to respond to the COVID-19 pandemic. Essentially…

James W. Jones April 21, 2020

Manager or Leader? Right Now, You Better Be Both

This 2-part blog series was written by Bruce MacEwen & Janet Stanton of Adam Smith, Esq. Over the past couple of weeks or so, we…

Legal Executive Institute April 20, 2020