Law Firm Best Practices Blog

Combat the Decline of Your Firm with Strategic Recruiting

on Dec 6, 2018 5:58:47 PM
To avoid a phase of decline, law firms must continually work on attracting and retaining new talent.  A well-communicated recruiting plan with monetary incentives for those who actively recruit has the potential to transform a firm immediately.  
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Thinking of Purchasing a Smaller Law Practice?:  Consider These Things

on Mar 13, 2018 3:02:00 PM
  PerformLaw has seen an increase in the number of attorneys interested in purchasing existing law practices rather than starting their own firms from scratch. The purchase of a law practice is not a simple undertaking, but proper due diligence can m...
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Steps to Successful Lateral Hiring

on Mar 18, 2017 9:35:00 PM
Apart from the non-financial factors (reputation, cultural fit, conflicts, strategic benefits, etc.), law firms should carefully analyze the financial implications of a possible lateral transaction.When considering a potential lateral hire, firms sho...
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Safeguards for Admitting Laterals (Part 2)

on Mar 8, 2017 9:59:34 PM
****** READ PART ONE OF THIS SERIES:  Safeguards for Admitting Laterals (Part 1) ***** Workload Distribution and Revenue per Hour   In a lateral transaction, the impact on average revenue per hour has limited meaning.  In other words, it is highly un...
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Thinking Laterals Are the Answer: Improving the Odds, Part 2

on Aug 11, 2015 3:39:54 AM
In our previous article: PART 1: THE OPPORTUNITIES AND THE STRUGGLES, we discussed the opportunities that the right laterals can bring to a law firm, along with the struggles many law firms encounter to make good lateral hires that add long term valu...
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Thinking Laterals Are the Answer?: Opportunities and Struggles,Part 1

on Aug 1, 2015 6:37:38 PM
The Opportunities and Struggles: PART 1 It is indisputable that lateral hiring is at the top of nearly every firm’s wish list. Some even view it as their top business development strategy. This strategy, whether conscious or not, relies on the premis...
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