Financial Management

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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 […]

The Erosion of the Billable Hour, or the “Dings”

By Ariela Tannenbaum

All law firms determine and dictate the parameters of revenue: annual targets for billable hours and corresponding billing […]

Retirement Benefits – Does your Firm Provide a Nest Egg?

By Nick Jarrett-Kerr

For many years, a generation of law firm partners has become accustomed to funding their own retirements through […]

What is Legal Value?

By Aileen Leventon

“I know it when I see it.” This is a familiar description of an intangible, and is not […]

After-Action Reviews: The value of taking stock

By Aileen Leventon

Client reviews of their law firms may be conducted annually, ad hoc, or when a contract for a […]

Another Look at Practice Group Analysis

By Nick Jarrett-Kerr

Many law firms now have sophisticated methodologies for assessing or measuring the profitability of their practice groups, and […]

Why Codes Matter: A Simple Tool with Many Uses

By Aileen Leventon

Any serious attempt to ensure efficiency in legal services requires analysis of reliable data. Efficiency is a big, […]

Some Thoughts on Cost of Production

By Neil Oakes

Not that long ago, law firms were price setters. We decided what profit we wanted, tallied up the […]

Law Firm Capital

By Sam Coupland

This article looks at specifics around law firm capital, and should be read in conjunction with the excellent […]