Financial Management

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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 […]

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 […]