Sentences with phrase «firm economics»

Since hourly rates charged by attorneys are typically double or triple the rates of paralegals for the same task, law firm economics mandates the increased use of paralegals to minimize costs.

Once a client is secure — and perhaps especially when that security is in writing — firm economics will shift the partner back to business development.

And the ACC also commissioned a major economic consulting firm to develop a computer - based model of basic law firm economics.

Bruce MacEwen makes an impassioned case for a course on firm economics as a service for associates» customers — BigLaw — and points to a handful of schools that he thinks are headed in the right direction.

Below is a summary of three recent surveys, including two by banks, with a flavor for law firm economics.

The program covers the topics that are integral to effective leadership including law firm economics, culture change, strategic planning, succession, business practices, rainmaking, and navigating the internal politics inherent to the managing partner role.

Our own Law Firm Economics Survey became a model for similar such surveys across Canada.

Specializing in customer development and data operations, George has worked extensively with law schools, bar associations, and other legal professionals to help make information on cloud computing and law firm economics increasingly accessible.

Other areas may include partner / associate relationships, firm economics, practice management, marketing and development.

When the division was first launched in the ABA, the section focused more on law firm economics.

Managing partners and members of executive committees in the more financially and professionally successful law firms that are organized into substantive departments and / or practice groups for the delivery of legal services strongly support the concept of having practice leaders assume a major role in their firm's efforts to: (1) increase the productivity levels of all timekeepers within their practices, (2) increase the economic contribution of their practices to the firm and (3) assume primary responsibility for communications to and from members of their practices about firm economics, priorities and business issues, as well as practice growth and client development initiatives.

These younger partners have been educated about firm economics in published surveys and have set high economic objectives for themselves and their partners.

More law firms are seeking to achieve a level of greater flexibility with their associate compensation system to enable the associates to be compensated consistent with their contribution to firm economics.

Panelists at the ABA's 2016 Techshow on Law Firm Economics presented ways that law firms can approach alternative fee arrangements, Lean Law, budgeting, collecting, and accounting to stay ahead and meet client demands.

If your firm did really well and you don't give out top - dollar bonuses, you look cheap regardless of whether your firm economics compare in any realistic way with the NY - centric firms that started all this.

A bonus that is generally awarded because the firm has enjoyed an average or better - than - average year or because of outstanding performance based upon legal merit, contributions to firm revenue, firm economics and the origination of new business.

Enhance Knowledge: Do your associates understand law firm economics and have you taken the time to teach them the cash to revenue cycle and discussed realization and profitability results for your firm as compared to peers?

Often a crisis, more than likely involving firm economics, dictates the agenda.

George has worked extensively with law schools, bar associations, and other legal professionals to help make information on cloud computing and law firm economics increasingly accessible.

ALM recently released the results of its 2014 Survey of Law Firm Economics.

Technology and law firm economics have already changed the course of that history.

Leaders from other industries will give their views while financial experts talk law firm economics, invigorating legal business and improving the bottom line.

Also, don't know if NCCU offers it, but partnering with a B - school prof to hold a course in small firm economics, marketing, accounting could also be helpful to future students and a good first step.

Combining her insights from working with in - house legal counsel together with her thorough understanding of law firm economics and change management she has developed a holistic approach to assisting firms to maximize profitability.

'' [T] he book is a fascinating inside look at the complicated world of law firm economics, and its greatest appeal comes in Labonte's tales of the backstabbing, manipulating, and money - grubbing among lawyers.

The film is non-ideological and exceedingly balanced in its treatment of these issues, which include, among other things, stress, big firm economics, substance abuse, law as a calling, frivolous litigation, bar exam economics, women in the law and other threads that you can likely intuit.

Attorneys and staff will better understand what hard times are about when they have an understanding of law firm economics.

Law firm CIOs and other managers who want the proverbial «seat at the table» need to follow law firm economics.

On March 26, 2015, Sutherland Partner Allegra Lawrence - Hardy speaks on a panel about «Law Firm Economics 101» at The Leadership Institute for Women of Color Attorneys» 10th Annual Leadership...

The National Law Journal Survey of Law Firm Economics showed staffing ratios at small and mid-sized U.S. law firms in 2009 reached their...

Gerry Riskin is a Canadian lawyer and business graduate with a global reputation as an author, management consultant and pioneer in the field of professional - firm economics and marketing.

«Tom Cruise and Law Firm Economics Main Forbes to Guys: If You Want to Make Partner, Don't Choose a Career Woman as a Partner»

According to law firm economics, the easiest way to increase profits is by leverage.

The really stunning news is CLIO's identification of a devastating funnel for small law firm economics.

Topics include management, leadership, finance and law firm economics, marketing and business development, knowledge management, and project management.

Firm economics, i.e., partner satisfaction with gross revenue and net profit, individual net income, hourly and billing expectation from partners and associates, etc.;

The mathematics of law firm economics are fairly simple; it is practically impossible to conceive of a way that more profit can be squeezed out of the system in ways that are not already being acted upon.

«Being an agent doesn't work with big firm economics,» said Brandon Witkow [a sports agent lawyer].

Have modern firm economics — big in scale, hierarchical in management — changed the traditional rule that partners are considered employers, not employees?

Not exact matches

«Just about everything in China's economy seems to have gone backward in April,» said a report from research firm Capital Economics.

But among women in the top 2 %, the average salary is $ 145,000, compared to $ 371,000 for men, according to an analysis of the 2015 American Community Survey by labor economics research firm Job Search Intelligence (JSI).

Canadians are also more likely to take vacations within the country, as the exchange rate will make travel to typical winter holiday spots more expensive, says economist Roslyn Kunin of Roslyn Kunin and Associates, an economics, business and human resources consulting firm.

«Amazon's focus on selection / service, pricing, and frictionless payment that drive conversion and stronger user economics also translate directly to travel,» the firm's analyst writes.

A recent report by professional services firm Deloitte Access Economics suggests retail spending could be slowly picking up in Western Australia, with recent official data finding sales grew 0.3 per cent in January after seasonal adjustment.

Such an option would raise the costs of exporting to the EU for UK firms and it would decrease the access to EU markets for UK companies, a joint research paper from the London School of Economics and the think tank Centre for Economic Performance stated.

Firms are likely to remain «fairly confident» in the upcoming survey, says Marcel Thieliant of Capital Economics.

«I think Bernie's a helluva guy and has a lot of good ideas, but clearly he missed a couple days of class when they were going over economics at the U. of Chicago,» writes Jeremy Thornton, an account executive at Lamar Advertising, a small ad firm in Bridgeport, West Virginia.

Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street's premier investment firms.

Through the class students will learn macro and micro economics, how to value companies, and the basics of how investment banks and management consulting firms work.

Plate cost is a good indicator of the local supply's relative sufficiency, says Dan Hara, whose Ottawa - based economics firm tracks the taxi industry.