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Law Firm Best Practices Blog

10 Key Steps in Law Firm Transition Planning

on Jun 13, 2018 12:54:11 PM

With an estimated 65% of equity partners approaching retirement age over the next decade, most attorneys working in a firm will be affected by the challenge of transition planning. While this statistic is notable, most law firms pay little attention to partners’ plans for retirement.  

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Client Origination Credit Essentials

on Jun 5, 2018 5:55:59 PM

Most small and mid-sized firms must continue to compete for new business on a constant basis.  Having polices that are favorable to the development of business generation skills places a law firm in prime place for growth. 

 

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EBOOK: "Is it possible to transition a small law firm to the next generation?"

on May 31, 2018 11:36:00 AM

The topic of transition planning is not the most enjoyable or easy topic around law firms. But it's critical, especially with a significant number of equity partners set to retire over the next decade.  So why is transition planning so difficult for law firms?

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Billing Process Inefficiencies & Improvements

on May 14, 2018 11:09:58 AM

The billing process is one of the key pillars of law firm success with impacts on financial and organizational health. It drives the performance of multiple important KPIs: cash flow (liquidity), A/R turnaround, billing and collection rates, and overall profitability.

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Practice Planning: How We Do It! (Part 3)

on May 11, 2018 1:42:22 PM

This is the third part of our Practice Planning series.  To catch up on the other parts , click on the following links:

Part 1:  Better Associate Performance Using a Structured Planning Process

Part 2:  Practice Planning for Lawyers: Our Approach


 

PART 3: PUTTING IT ALL TOGETHER - HOW WE DO IT!

 

Performlaw’s practice plan engagements focus on the development of systems to maximize income-generating and strategic time investments. These engagements are aimed at creating high-performance lawyers who positively impact the culture of the firm. 

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Practice Planning for Lawyers: Our Approach

on May 8, 2018 11:15:00 AM

For most lawyers, the first 10 years of a developing a legal practice defines the next 20. While developing marketable skills and practice area knowledge, lawyers are also managing their income needs and personal commitments. All of these factors influence the future of a lawyer's practice. When these factors conflict with one another, they can create stress and unintended outcomes. Also having a significant impact on a lawyer’s career is his or her ability and willingness to take risks.

 

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law firm management concepts blog discusses relevant law firm topics

The Law Firm Management Concepts blog includes conceptual posts on important issues to law firms. These posts will correspond  to the posts found on our main blog ("Law Firm Best Practices") which offers detailed analysis and advice for putting concepts into practice.

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