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FIRM’S FINANCES

Is Profit on Your Radar?

Practicing law is a tough gig. There is always so much to do to ensure your practice is successful. Focusing on your clients is your first priority, but are you also keeping an eye on your firm’s financial health? After all, staying profitable is not only crucial to your success, but is also important to your clients’ success.

EMPLOYMENT LAW UPDATE

Pay rates, vacations while recovering, gig economy

Department of Labor enters final stage of update to ‘regular rate’ rule under FLSA. As we have discussed previously in these updates, the Department of Labor has been working to update the definition of “regular rate” of pay under the Fair Labor Standards Act

MANAGING THE OFFICE

How the “broken windows” theory applies to your law business

The “broken windows” theory is that a building with broken windows is evidence of abandonment, neglect of the property and a lack of respect for the law. In its simplest form, the “broken windows” is the beginning of the decline

WORKING WITH ATTORNEYS

How to set a plan for associate development that actually works

One area no firm can afford to ignore is associate business development.
The firm’s future depends on how well the younger attorneys are developed and…


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MANAGING STAFF

How to delegate better

Boost staff performance by communicating more clearly
Not pleased with what staff are doing? It may not be their fault. Look at the directions they are…


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MANAGING THE OFFICE

The importance of recognizing your employees’ hard work

Happy Administrative Professionals Week! What have you got planned to acknowledge your hard-working support staff? If you’ve decided to do nothing this year, you may want to…


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RISK MANAGEMENT

4 bad financial habits that may increase your policy premiums and your malpractice risk

Ineffective billing and collections practices affect more than the bottom line. They ultimately may determine what the firm has to…


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BLOG

3-point retention strategy

By Julie Ellison  bio
Great law offices are built with great people. In today’s competitive employment market, it’s hard enough…


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INCREASING PROFITS

How to pay the partners

Is your compensation system driving away the talent you need to grow? What approach did your firm take when establishing its partner compensation plan? It’s likely you chose…


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