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LAWBIZ COACHES CORNER: How to make your practice worth less
The fact that lawyers can sell their practices is no longer in dispute. However, reaping value from the sale of a law practice presumes that the value is recognizable.
LAWBIZ COACHES CORNER: 3 essential questions regarding retirement
Every lawyer should make a financial plan for retirement.
LAWBIZ COACHES CORNER: There’s no such thing as successful multitasking
People are still talking on the phone and texting while driving despite the statistics that prove it can be deadly and despite it being against the law.
LAWBIZ COACHES CORNER: Selling a practice? Use this checklist
Interest in the sale of law practices continues strong and unabated. This may reflect continued economic stress, the aging of the profession or simply greater desire to look for greener pastures outside the law.
LAWBIZ COACHES CORNER: Don’t stress out about the holidays — use them to take control
The stresses of what has become “the holiday season” – an all-encompassing period stretching from before Thanksgiving to after New Year’s Day – are well known.
LAWBIZ COACHES CORNER: Goodwill is your practice’s legacy
For many lawyers, retirement is out of reach because the value of their homes, investments and retirement plans took heavy hits over the last few years. But for those lawyers who can retire, their firm typically represents a “pot of gold” in their minds. It is the asset on [...]
LAWBIZ COACHES CORNER: What’s your recourse if the client refuses to pay?
An opinion this year by the New Jersey State Bar’s Advisory Committee on Professional Ethics raises a major alarm bell for any lawyer who has trouble collecting money from a current client.
LAWBIZ COACHES CORNER: Carrying too many lawyers — or clients — is fiscal suicide
Bruce MacEwen, whose long-running blog, www.adamsmithesq.com, is subtitled “An inquiry into the economics of law firms,” recently made provocative comments about where the profession’s economics are heading.
LAWBIZ COACHES CORNER: Has your practice changed?
When lawyers enter legal practice, they understand that certain aspects of what they will be doing will change during their careers.
LAWBIZ COACHES CORNER: A 3-D view of small firm success
The legal profession has reached a point where upheaval is the “new normal.” Certainly large law firms are changing in response to recession, technology and client demands; those firms that don’t change quickly enough, like Dewey & LeBoeuf, are doomed to swift failure[...]
LAWBIZ COACHES CORNER: Fee ‘write-down’ could save you headaches, dollars
A client receives the lawyer’s bill, contends that it is too high, and refuses to pay it unless the invoice is written down. That's a dilemma that is occurring with increasing frequency in these tough economic times.
LAWBIZ COACHES CORNER: Can a lawyer represent both plaintiffs and defendants?
The question arises whether lawyers can effectively and ethically represent opposite types of clients – for example, insurance carriers and insurance coverage plaintiffs. The ABA’s Rule of Professional Conduct 1.7 addresses this.
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- Federal judge tosses Democrats’ lawsuit challenging Wisconsin absentee voting requirements
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