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Lawbiz Coaches Corner

Aug 28, 2012

LAWBIZ COACHES CORNER: The problem with bankruptcy isn’t attorneys’ fees

In recent months press reports have discussed the Justice Department’s attempt to control bankruptcy lawyers fees.

Aug 15, 2012

LAWBIZ COACHES CORNER: The cycle of life for law firms, technology

Law firms, like the players in any other economic sector, have a life cycle.

Jul 5, 2012

LAWBIZ COACHES CORNER: When the court reaches out to the grave

The lawyer who has not taken the possibility of his or her untimely death or disability into account for planning a practice’s future is playing with fire.

Jun 25, 2012

LAWBIZ COACHES CORNER: Cash flow and moral responsibility

Cash flow is the lubricant that enables all businesses to function. When you take too much money out of the organization, you will have a cash flow challenge.

Jun 14, 2012

LAWBIZ COACHES CORNER: When is a flat fee refundable?

An interesting issue can be raised about one type of alternative billing arrangement, namely a fixed or flat fee with the billing rate determined and stipulated in the engagement letter, before the assignment even begins.

May 14, 2012

LAWBIZ COACHES CORNER: Law student loans are key component of next ‘debt bomb’

A spate of recent news stories suggests trouble for America’s 200-plus accredited law schools as a result of increasing debt among students.

May 8, 2012

LAWBIZ COACHES CORNER: Business development starts with talking

I recently read a guest article penned by an in-house general counsel, providing law firms with tips on the GC’s perspective. It was a practical and useful review, beginning with the suggestion that outside counsel should “stay in touch.”

Apr 18, 2012

LAWBIZ COACHES CORNER: A no-charge client visit can pay big dividends

The most cost-effective business development strategy for any firm is to expand current services with existing clients. Current clients are already in hand and don’t have to be identified and wooed. They offer great potential for leverage, as new services can be provided with[...]

Mar 23, 2012

LAWBIZ COACHES CORNER: More causes of action than ever

Some while back I heard a comment, spoken in regard to the passage of such high-impact national legislation as the health reform law and the Dodd-Frank Act, that “there have been more causes of legal action created in the last six months than in all of recorded history.”

Mar 13, 2012

LAWBIZ COACHES CORNER: Does your staff understand the ‘new normal?’

Those in non-lawyer positions – administrators and administrative professionals at all levels – traditionally were thought to have little or no direct influence on the outcome of firm revenue and expenses.

Mar 8, 2012

LAWBIZ COACHES CORNER: No matter how far away, start planning now for retirement

Recently a lawyer in his late 60s called me to discuss his future. At one point he had considered selling his practice and retiring. But, he said, he enjoys what he does and financially cannot see his way to retiring. In the end, because of his tax situation, he declined to sel[...]

Feb 6, 2012

LAWBIZ COACHES CORNER: Are some firms ‘more equal’ than others?

Last year, a group of large national and international law firms petitioned the American Bar Association with a complaint about state bar regulation, contending that, given their multi-state corporate practices, such firms are restricted by the separate state bar admission requ[...]

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