Time and time again the news includes another report of a law firm (most often small to medium in size) having been ripped off. The dollar amount involved in a majority of the reported thefts is a few hundred thousand, but in some cases millions of dollars have been misappropriated. In what I consider the
Considering A Merger? 10 Questions to Answer First
Merger has continued to be a strategic choice for many law firms. Since 2009 the volume of transactions has continued to grow, with approximately 100 announced mergers last year.
Our expectation is that the number of law firms that choose merger as their go forward strategy will increase, dwarfed only by the number of firms
6 Keys To A Healthy Law Firm – Food For Thought
For years, we’ve known two things about personal health: ‘We are what we eat’ and ‘We need to move more.’
Specific admonitions and instructions change, but the theme is consistent. The human body needs a balance of nutrient rich foods with a compliment of vitamins and minerals. And there are the things to avoid
Five Reasons for Law Firms to Think About a Merger in 2018
There is much to do when a law firm closes out its year. Getting bills out, collecting receivables, paying bonuses, and distributing profits are but a few of the things that get the attention of leadership. As long as the firm’s year has moved along normally, finishing up strong often is the main focus of
What Makes A Great Law Firm
Greatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious choice, and discipline.― Jim Collins
During a re-read of the Jim Collins classic “Good To Great”, I was struck by the profound difference discipline in decision making could have on law firms.
One of the glaring
It’s November – Create A Stronger Law Firm in 2018
Most firms are in the final stretch for this year, wrestling with collections, budgets, promotions and compensation decisions. All of these are important activities. But, while focused on wrapping up 2017 let me suggest one more subject that deserves attention — something that stands a chance of making a real long-term difference.
I suggest that
Two Keys to Effective Law Firm Leadership
If people like you, they’ll listen to you, but if they trust you, they’ll do business with you. – Zig Ziegler
A number of things can cause one to land in a law firm leadership position; such as success in building a legal practice, ability to build consensus and advance initiatives or even political
Finding the Right Law Firm Merger Candidate-Five Fundamentals
Law firm mergers are a regular occurrence in today’s American legal landscape. Large or small, they happen because law firms and their leaders see merger has meeting a perceived need. Whether seeking greater market share, pursuing untapped lucrative markets, responding to a demographic challenge, or fixing inadequate succession preparations, a merger can represent the right
Considering Law Firm Merger? Four Disciplined Steps to Getting It Right
In the case of many law firms competing in today’s legal environment, growth is important. Some growth is done quietly while other expansion is discussed widely. Growth in the form of law firm merger gets everyone’s attention-indeed announcements about law firms joining together in merger seem to be made weekly.
For every merger announced there
To Merge or Not To Merge – What’s A Law Firm To Do?
Merger mania continues in the legal sector. According to Altman Weil’s MergerLine, there have been more than 50 law firm mergers in the US so far this year; 2017 could well be a record year for law firm combinations.
The odds are high, whether your firm has been engaged in merger discussions in the