ChadKing.com Archives: Law Firms
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5 May 2006
Why Don’t More Law Firms Have Advisory Boards?
I was recently reading an article by Ed Sim that discusses the importance of a good advisory board. That raises the question: why don’t more law firms use advisory boards to help improve services, spot trends, and develop business? Pulling together an advisory group made up of a wide range of clients — in-house counsel, business leaders, accountants, [...]
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24 March 2006
Law Firm Economics: The Impact of Associate Raises
The recent hikes in associate salaries at midsize and large law firms have many speculating about the impact it will have on law firms specifically, and on the legal profession in general. Basic economics say that the higher the personnel costs, the less money is available for partner distributions. But this round of raises could have profound implications beyond mere economics.
Consider these four factors:
1. [...]
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13 March 2006
Managing a Better Professional Services Firm
If you’re looking for a law firm management primer, here’s a new one. Best of all, it’s free and downloadable without any sort of registration requirement. The booklet is by PracticePro and is called managing a better professional services firm.
This 50-page publication is packed full of useful nuggets including, among other things, tips on client communications, marketing, billing, technology and leadership issues.
From [...]
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1 March 2006
Hildebrandt on Legal Outsourcing
I’m an avid reader of Hildebrandt’s advisories and email newsletters. My experience is that their research is thorough, analysis is deep, and trendspotting is second-to-none. That’s why I was especially interested when I read their 2006 Client Advisory. Among other things, they note that legal outsourcing is beginning to heat up:
The past year saw a continuing interest [...]
