The National Association for Law Placement, Inc. (NALP), in partnership with PP&C Consulting principals Aric Press and Yolanda Cartusciello, has released Multiple Generations in Law Firms: Working Together. The first-of-its-kind study provides insights into some of the generational dynamics at play in the current law firm work setting. The survey gathered responses from … [Read more...] about Study identifies generational similarities, differences in the workplace
Working with lawyers
Survey shows COVID-19 impact on summer programs, recruiting, and OCI
The National Association for Law Placement, Inc. (NALP) has released the results of two short “pulse” surveys about the impacts of COVID-19 on U.S. legal employers, law schools, and JD students. The surveys, conducted in May, were designed to quantify the rapidly evolving changes in the legal profession and the industry as a result of the pandemic. NALP is following up with a … [Read more...] about Survey shows COVID-19 impact on summer programs, recruiting, and OCI
Proof of tech skills: Everybody’s doing it!
By Jay Stromberg bio When it comes to professional upward mobility, it’s looking like assessments are where it’s at. According to a recent article in TechCrunch.com, even LinkedIn is getting into the assessment game. “LinkedIn, the social networking service for the working world, is today taking the wraps off its latest effort to provide its users with better tools for … [Read more...] about Proof of tech skills: Everybody’s doing it!
“I thought you had the baby!” “I thought YOU did!”
By Jay Stromberg bio Sorry about my alarming headline, but I thought it was the perfect analogy for a topic I want to discuss today. If you’re a parent, you have likely experienced this terrifying moment: You and your spouse look at each other and realize that you both assumed the other one was in charge of the kid(s). A mad scramble ensues and, hopefully, your cherub is … [Read more...] about “I thought you had the baby!” “I thought YOU did!”
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 cultivated. This is the next generation of the firm. They have to learn how to generate business or the firm isn't going to survive. Here are four elements for an effective business development program for associates: 1 … [Read more...] about How to set a plan for associate development that actually works
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 pay for malpractice coverage. To an underwriter, poor financial habits are just like poor legal habits—they spell high risk for malpractice claims, says Dan Knise, president and CEO of Ames & Gough, a McClean, VA, specialty insurance broker. If … [Read more...] about 4 bad financial habits that may increase your policy premiums and your malpractice risk
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 one of the three traditional systems. There's the old "eat what you kill" method, which is based on individual performance; the seniority/lockstep system, which is determined by the partner's role in the … [Read more...] about How to pay the partners
Step by step guide to successful lateral hiring
Attracting a lateral hire requires more than sending out a request for resumes. To find the candidate it wants, the firm has to decide on the specific qualifications it is looking for. But more, it has to set a time limit for resume submissions, keep the candidates updated throughout the process, and make an offer the top candidate can't refuse. Here's exactly what we … [Read more...] about Step by step guide to successful lateral hiring
Want to jump ahead of the competition? Get everybody aiming for the same thing
No matter what the business, the winning players are always organizations with a motivated and productive workforce. And what maintains motivation and productivity is goals—plus mentoring, coaching, and training to help everybody achieve them. Workable goals admittedly take thought, planning, and a lot of follow-up, says business development and management consultant John … [Read more...] about Want to jump ahead of the competition? Get everybody aiming for the same thing
A guide to understanding financial data
Law practice owners, especially those operating smaller firms, tend not to be super-knowledgeable about financial statements and the financial state of their operations, according to Brenda M. Clarke, a partner at Seigneur Gustafson LLP in Lakewood, CO. "They look to their staff, their office managers, their (financial) controllers, to help guide them," says Clarke, adding … [Read more...] about A guide to understanding financial data