Cash-poor businesses. A postmortem analysis by CB Insights listed “ran out of cash” as the second most common reason for business failure. While it’s typically a problem for startups and new firms, it’s also a problem for established law firms. I’m talking about feast or famine. One minute your firm
Can online payments truly make a different to your bottom line? It’s there in the back of your mind. The reason why so many attorneys choose to collect larger retainer fees upfront. Doing so relieves a few of their secret and unspoken fears. Get as much as you can now.
It’s all worthless. Not your final year of law school, of course, but your GPA Laszlo Bock, former head of HR at Google had this to say about GPAs and test scores. “GPAs are worthless as a criteria for hiring, and test scores are worthless.“ This isn’t surprising, is it?
Almost all of them are in debt. The vast majority of law students graduate with an avalanche of debt. U.S. News wanted to answer a simple question. Which law school graduates have the most debt? The answer is sobering. In every law school except two, more than half the student
When it comes to technology, lawyers are risk-averse. At least, that’s the stereotype trotted out by legal technologists. But is this actually true? Are lawyers this resistant to technology, innovation and growth? Not at all. The evidence shows lawyers and law firms are innovating. Slowly but surely, law firms all
It’s a big problem. State bar referrals are a huge opportunity for your firm, and yet many, many attorneys struggle with business development. Which is really a vague way of saying most attorneys aren’t attracting the volume or type of clients they need. One possible solution? Your state and