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Some solo lawyer s , in fact, never do it. But, if you can make that hire, and make it successfully, that’s like adding lighter fluid to the fire of lawfirm growth. Since law practice is a service industry, that means that you need people putting in hours, in order to make money. They just can’t get past the fear.
Collaboration with lawfirms and Debt Collection Agencies (DCAs) is an integral part of modern collections and recoveries practices. Involving lawfirms across the debt management lifecycle. Lawfirms or DCAs are not only involved in the final stage of the debt collections. Undertrained call center agents.
It’s hard enough running a lawfirm, without having to schedule time and effort to revise the templates you use in your law practice. So, most lawyers don’t take the time to do it at all. If you want to talk about better refining your lawfirm processes, you know who to call.
In many lawfirms – especially the small ones – managing attorneys are held hostage by their staffpersons. But, as a lawyer, you’ve got to maintain control of your business, in part because any ethics-related issues that arise, can cost you your license to practice. It’s something of a vicious circle. Nip Dissension in the Bud.
After working for a lawfirm based in Norfolk, Virginia handling business bankruptcy, creditors rights, and civil litigation matters, I joined PRA Group, Inc. as Compliance Counsel. If you werent in this industry, what would you be doing?I
It’s got lawfirms everywhere rethinking how and why they hire. One trend that is manifesting is that attorneys are beginning to expand their vision of who can and should be hired by a lawfirm, by looking at non-traditional roles within the lawfirm.
That said, let me walk you through all the elements of this particular email that tip it off as a scam: From: Sherrill Green <SherrillGreen@outlook.com> Wait, the prestigious “Webster LawFirm” doesn’t have it’s own domain and you’re using a generic outlook.com account? Attorney at Law?
Broadly speaking, lawyers take on too much. But, the fact is that this also has a direct effect on how much a lawyer can make. Hear me out: Because lawyers try to do everything, and to do everything perfectly, they’re also more prone than the general population to take on more work than they need to. You know how it is.
The legal field is still reeling; and, lawfirms are adjusting to a new world. For modern lawfirms to succeed, it’s clear that providing virtual services is now a requirement; it’s no longer optional. But, the change will ultimately benefit lawyers, too. But, the change will ultimately benefit lawyers, too.
Generally speaking, most lawfirm intake systems need a whole heck of a lot of work. But, while many lawfirms lose leads through their client journey, that probably could have been converted – there is one thing that lawfirms usually get right, in the intake process.
Phone systems, and managing phone systems, are essential for lawfirms -- even if managing lawyers can tend to overlook the importance of such things. But, in a very real sense, lawfirm phone systems are really money machine s. This article offers a useful rundown of phone system options for the modern lawfirm.
Lawyers are trained to be risk-averse, and to cling to the status quo.? Because lawyers manage lawfirms, change within those lawfirms happens at a glacial pace.? Yet, while lawfirms cling to the status quo, upstarts in other industries redefine life and culture.? I mean, you get the picture.
Every lawyer I’ve ever met wants to do everything on their own. In other words, every lawyer secretly desires to be a solo attorney. Neither are lawfirms good at instituting workflows that streamline business processes. But, that line of thinking can be replete with holes. Need help hiring? We can get you there.
Pre-pandemic, attorneys in a not insignificant number of states were disallowed from using ‘trade’ or ‘brand’ names for their lawfirms. You know, like ‘Taco Bell’ – though, you probably wouldn’t actually name your lawfirm Taco Bell. And, yet: few have. If you’re down for a rebrand, we can help!
Lawfirms have quite a few options for getting their first, or a revised, website built (rebuilt). Sounds weird, I know – but, this relates back to a big problem that attorneys have: that they can’t seem to let go of doing everything, because lawyers feel like they’re the best at everything. They can design the best websites.
The chief method for lawfirm business management is inertia, largely. That means you can pretty much default to lawyers doing nothing, rather than something, anything. Lawyers tend to run up accounts receivable, because they don’t bill regularly. Across the country, lawfirm rates struggle to keep up with inflation.
Lawfirms don’t often have partnership agreements. Especially small firms. Because, if a lawyer had a business owner for a client, said lawyer would most stringently advise that business owner to draft a partnership agreement , if that business owner was to enter upon a partnership. Oh, this one’s easy.
Lawfirms that require paper-based signatures are committed to in-person meetings ; b ut, th ose may not always be feasible. In some cases, the decision is out of the lawyers’ hands, for example: during a personal, national or global disaster. Of course, there are ot her reasons why your lawfirm may want to utilize esignatures.
Booking initial consultations are essential for most lawfirms. That’s how the vast majority of lawyers vet their potential clients, and determine whether or not they are a fit for the firm. This makes the whole process seamless, for both the potential clients and the ir potential lawyers.
Most solo and small firm attorneys think of their lawfirms as a salary replacement for a full-time lawfirm job, with some upside: both on income, and freedom. Lots of lawyers are looking to run out the clock on their practice, and then ride off into the sunset – or , work until they die. But, that’s it.
In a perfect world, where you have ample time (riiiight), it’s probably best to have lawyers answering every call – and, the more senior the lawyer, the better. Wait, I’m actually talking to the lawyer?!) Some lawfirm actually employ this method. Have questions about your lawfirm intake process ?
But, if you run a business, especially a lawfirm. Stagnation is a problem with lawfirms; but, that’s largely because they stick to a systemless model, that ends up being the antithesis of routine. And, honestly: most lawyers don’t want to set up systems, because they’re worried about being bored.
Lawyers are generally not super tech-savvy. Lawyers are just busy with substantive work. But, they do that in a way that is ad hoc , most often – which is how just about everything is done in lawfirms. Perhaps even have them own that role within the lawfirm ? That person may be a lawyer or a non-lawyer.
Arizona has recently stricken the rule barring non-lawyer ownership in lawfirms from its professional ethics code. Mixed ownership lawfirms are called ‘ alternative business structures ’ , and they already exist in other parts of the world, most notably the United Kingdom. This is the eye of the storm.
Of course, adopting this approach usually requires a change in process management for faw firms. To accomplish th os e two main task s , lawyers need to delegate as many administrative and substantive tasks as they can. And yet, this remains a difficult thing for lawfirms to do. Hire an HR director. We can help.
Small lawfirms generally have it pretty good, in that they’ve mostly had to compete only against other small lawfirms, that aren’t particularly innovative either , and that also don’t spend money aggressively to build their businesses. So, yes: Walmart can open lawfirms. That’s a whole new ball game.
As lawfirms (slowly) try to dig out from under the hourly billing model (trap?), It’s kind of like a legal insurance policy, and it allows lawfirms to acquire recurring revenue. For estate planning attorney s , that c ould include access to lawyers, updates to estate plans and document libraries.
The hardest thing about sticking to a lawfirm marketing strategy is. It’s all about consistency; and, most lawfirms will fail in that regard – instead producing content in fits and starts, without ever getting into a groove. Want to better structure your lawfirm marketing plan? well, sticking to it.
Most lawyers who are billing hourly (which are still most lawyers) – and, even those who aren’t – continue to slavishly send out invoices at the beginning of every month, covering the fees accrued by clients for the prior month. That’s why some lawfirms are experimenting with more regular billing models.
Perhaps the most damning of a series of damning facts about lawfirms released within the latest Clio Legal Trends Report ( link here ), is this: 89% of lawyers surveyed believed that their lawfirms followup with potential clients within 24 hours; 62% of lawfirms actually never follow up with leads at all.
The stats on lawfirm intake are pretty damning. 64% of voicemails left for lawfirms by leads are never returned. Only 1 in 3 phone calls for lawfirms are picked up live. It takes an average of 8 emails to schedule an appointment with a lawfirm. Want to review your intake process?
There are multi-fronted crises overtaking the American landscape, including those related to reopening of cultural institutions and business, like lawfirms. Just because your lawfirm office can be open, you need to decide whether it should be, to what extent it will be, and what you will require of your employees in that context.
Lawyers make ad hoc decisions about business management , all the time. But, there is a pathway to make better decisions about how to run a lawfirm – and, as it turns out, the data’s right there in front of you. To get started, visit Red Cave's NCBA landing page , and start running your law practice like a business.
Yet, lawfirms continue to require associates to move business forward. Managing partners often think, in these instances, about what the lawfirm needs. And, you can get creative here: general business skills apply to lawyers, too. There’s a lot in flux around the legal industry of late. Want to hire? We can help!
Many attorneys, especially solo and small firmlawyers, get lost in the sauce – they can only see the forest, and becom e overwhelmed ; consequently , they are frozen , and ca n’t seem to take any positive action. If you want some help generating a viable task list for your lawfirm, contact us today!
As the coronavirus, resultant lockdowns, and their effect continue to press every sector of society, lawyers continue to respond to what they hope is a blip. So, ask yourself: Does your lawfirm operate on the same principles? Only , it’s not a blip. But, that has very little to do with COVID-19.
I was talking to a friend of mine, who runs a highly successful lawfirm, the other day. And, he told me ‘clients aren’t the problem, I need to hire good lawyers’. To get started, visit Red Cave's NCBA landing page , and start running your law practice like a business.
When it comes to marketing content, most lawyers are concerned about what to write. The plain fact is that lawyers tend to write like lawyers, regardless of the audience. But, in reality, the more important question is how to write. That means they use 2-dollar words, legal terms of art and lots of Latin.
Now, this wasn’t always a thing; but, as of now: lawfirms in any jurisdiction of the United States can utilize ‘trade names’. What that effectively means is that, so long as you don’t choose a name that’s misleading, you can select a brand name for your law. Unless your lawfirm is winding up; then, don’t waste your time.
Since the COVID pandemic struck, and lawfirms were forced to immediately reenvision their intake processes as digital programs – attorney s have been more focused on the ‘ client journey ’ than ever before. Oftentimes, lawfirms will push that duty onto existing staff.
Some lawyer s get burned hiring staff, whether it’s legal assistant s , paralegals or other attorneys. In my experience, I’ve found that lawfirms connect on a successful hire (across all employee categories) about 40% of the time. 400 over a full seasons. over 80 years ago. 400 over a full seasons. over 80 years ago.
For lawyers who engage with the buying public – which is just about every lawyer, whether they’re working with consumers o r businesses – workshops can be a great way to build a client and referral base, as well as solidifying an attorney’s expertise. Workshops are like focus groups, and so have significant value, in th at way , too.
Of course, that can be a difficult thing for lawfirm business owners to get their heads around. That’s because most of them are lawyers – and lawyers are trained to be perfect, to never make mistakes, with the ever-present threat of an ethics claim hanging over their heads. But, running a business is not practicing law.
Lawfirm revenue usually has an ebb & flow to it, especially when you talk about firms that rely on hourly billing. Lawfirms can design some assumptions about what they’ll make by utilizing revenue projections. Lots of lawfirms I talk to will say they’re having a bad month, from time to time.
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