Financial Management

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Realize Financial Goals by Leveraging the Finance Function

By Leon Sacks

Is it inconceivable that: one hour of each attorney’s weekly billable time cannot be billed; or markdowns of […]

Profit-Sharing in Smaller Partnerships

By Neil Oakes

In my most recent article, I looked at some alternative options for profit-sharing among law-firm partners. All of […]

The Benefits of Paying Creditors Promptly

By Sean Larkan

When I started off in law firm leadership and management some thirty years ago, I wondered at the […]

Zero-Based Budgeting in the Legal Profession

By Yarman J Vachha

In my many years of managing law firms of all shapes and sizes, budgeting is often looked upon […]

Sharing Profit and Millennial Partners

By Neil Oakes

The millennial generation, born from 1981 to 1996 (or thereabouts), now 23 to 38 years of age (or […]

Equity: From Goodwill to No Goodwill

By Sam Coupland

In recent years I have been engaged by a number of firms to change their equity arrangements and […]

QNBT: Extracting Real Value from Non-Billable Time

By Gerry Riskin

“Your billable time is your income; your non-billable time is your future.” – David Maister Non-billable time gets […]

Why Operational Reviews in Law Firms Are a Must

By Yarman J Vachha

Written on the basis of my two decades of work as a manager and consultant with international and […]

Managing and Growing a Law Firm, Part 3

By Yarman J Vachha

In this final article in the series of three, I highlight the legal scene in Asia, the changes […]

Learning from Clients to Improve Decision-Making in the Legal Industry

By Aileen Leventon

Practicing lawyers and those who manage law firms make decisions and judgments with incomplete information. When clients seek […]