Law Firm Profitability

Law Firms Feeling Headaches from Outside Counsel Guidelines, Struggling to Comply, Report Says

For law firms and their clients, Outside Counsel Guidelines (OCGs) are simply a fact of life. More than 80% of corporations reported they use some…

Bill Josten December 17, 2019

New Podcast: Black BigLaw Pipeline — How One Group of Black Attorneys are Advancing Diversity

Law firms are hiring more people of color but are less successful at retaining them, according to the recent Vault Diversity Survey. More than 22%…

Next Gen Leadership: Advancing Lawyers of Color December 16, 2019

Securing Your Practice’s Future: Your Future Depends on Developing New Business

Every law firm is unique, but many of them share the same struggles, such as how to bring on new clients or develop new business…

Mark Haddad December 16, 2019

At the Intersection of Process Improvement & Project Management

This article was co-authored by Frederick J. Esposito, Jr, MBA, CLM, and Catherine Alman MacDonagh, JD “Without change there is no innovation, creativity, or incentive…

Legal Executive Institute December 12, 2019

Embedding a Well-Being Culture in Law Firms: Reframe Asking for Help as a Strength Rather Than Weakness

NEW YORK — How can law firms best embed attorney well-being into the culture of their firms? At a recent fireside chat sponsored by Thomson…

Dawn Zapata December 11, 2019

New Podcast: Being More Focused Can Help Your Firm Be More Profitable, Data Says

NEW YORK — At the recent COO/CFO Forum, we had the chance to sit down with Dr. Evan Parker, founder of Parker Analytics, and a…

Bill Josten December 10, 2019

Practice Group Dynamics: Creating Group Cohesion and Success with “Real” Goals and Effective Business Plans

We continue our new column, "Practice Group Dynamics" by Susan Lambreth, who has 25 years experience as a consultant to the legal profession, especially in…

Susan Lambreth December 05, 2019

Harnessing Collective Knowledge: An Interview with Schulte Roth’s KM Special Counsel Patrick Dundas (Part 2)

Knowledge management and the professionals who make it work are becoming a vital component for the success and sustainability of many law firms. Patrick Dundas,…

David Curle December 04, 2019

Understanding the Buyer’s Role in Legal Procurement

Over the past several years there has been a significant change in the kind of Request for Proposals (RFPs) that law firms are receiving for…

Nancey Watson December 04, 2019

Our Brave New World: Making Sense of the New Legal Landscape’s Shapeshifters

The legal landscape has never been more confusing. With new entrants into the industry, law firm forays into non-traditional ventures, and the proliferation of new…

Daniel Reed December 02, 2019

PMI Q3 Analysis: The Magnification of Demand

The market for legal services produced impressive demand growth in this year’s third quarter, seeing a 2.4% jump in hours worked compared to the third…

Isaac Brooks December 02, 2019

The Crossroads of Innovation and Punctuation

I’m fortunate to be able to attend a lot of legal industry events as part of my job. And, almost without exception, I hear something…

Bill Josten November 25, 2019