We also hope the site proves valuable to solo practitioners and
lawyers in small firms who are tasked with creating and maintaining their own resource libraries.
Not surprisingly, it is women lawyers who are sole practitioners or who
work in smaller firms who have the most difficult time maintaining their practice.
For the first five years after her call, she carried on a litigation
practice in small firms focusing on family law.
But both of those were of limited assistance to folks
in small firms who want steady, reliable guidance in figuring out how to fully leverage technology.
Many
attorneys in small firms or their own practices find they spend less time than they would like serving clients because they are busy with administrative tasks of running small businesses, she said.
Even in smaller firms, when practical, it may be beneficial to divide up the legal work by substantive practice areas, or the ability and interest of each lawyer.
Potential leaders tend to be
identified in smaller firms from the 8 — 15 year call area, and in larger firms from the 12 — 20 year call area.
Because there is more frequent interaction between partners and
associates in smaller firms and practice groups, there are greater opportunities for teaching and mentoring.
By showing you can help keep the business end of things running smoothly, you can land yourself a
job in a small firm.
• In the large firms they have more resources in terms of librarians and research assistants,
whereas in the smaller firms we don't have that.
Generally speaking, I don't think the distinction between whether you are a solo practitioner or work
in a small firm matters in terms of productivity, technology, and business practices.
Ethical guidance, along with practical tech tips and resources, designed to help attorneys working
in small firms improve data security right now.
The road to
partnership in a small firm may be shorter than that of a large law firm because there are fewer attorneys and layers of management.
Overall, solo attorneys and lawyers
in small firms make relatively fast decisions to implement new software in comparison to larger firms.
So you want to find a tech consultant who specializes in helping lawyers, particularly
ones in small firms like yours.
Having worked
exclusively in small firms, she has gained valuable hands on experience in many areas of law and enjoys working closely with both attorneys and clients.
Being
in a smaller firm allowed me to keep my entrepreneurial instinct intact and to develop in the areas that I am most drawn to.
Starter's billing and expense tracking tools help ensure that attorneys get paid faster, which is
critical in a small firm.
And three new empirical studies provide strong confirmation that patent litigation is reducing venture capital investment in startups and is reducing R&D spending,
especially in small firms.
Another point is
practicing in smaller firms, which make up most of the law offices outside of a metro, will usually mean greater contact with clients and greater responsibility on the file.
Using this approach, at least 10 % of a stock portfolio would be
invested in small firm stocks and 10 % in foreign stocks, while for a bond portfolio, at least 10 % would be invested in high - yield bonds.
Sometimes, new fund managers will get lucky by taking positions
in smaller firms with more volatile stock prices, or they may pick some larger capitalization firms whose stocks might appreciate dramatically in the short run.
My plan is to expand my knowledge of the Capital Debt Structure and Leverage Loan industry, and use my experience
in a smaller firm where I can get more exposure to all sides of the business.
Shameless plug: If you're attending Legaltech or any part of the expanded Legalweek, consider attending one of the two panels I'll be on as part of the LegalSmallFirm track: «Challenges Identified by Small Law Firms — How They Threaten Your Success,» on Tuesday, Jan. 31, at 2:15 p.m., and «All Things Implementation: Improving Technology
Management in the Small Firm,» on Wednesday, Feb. 1, at 10:30 a.m.