Practice Smart.
From the category archives:
This morning I consulted my Magic 8 Ball about the impact of the economic meltdown on law practice (which, as I understand it, is the same technology currently utilized by Hank Paulson and Ben Bernanke) and the results were sobering:
As the stock market makes yet another pirrouetting nosedive, we have by now heard opinions from [...]
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Last month I wrote an article called Personal Profitability in a Downturn for the ABA Publication Law Practice Magazine. I wrote the article in August and started with the words “Predictions look dire…” Well, if it looked dire four weeks ago, it looks downright disastrous today.
All is not doom and gloom, however. The thrust of [...]
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Jim Calloway of the always excellent Law Practice Tips Blog wrote a great post today about the relative safety of trust account funds in the possible event of bank failures. you can read it here.
The gist of the article: it is fairly well-known that the FDIC insures up to $100,000 per person per bank. So [...]
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The question of what to charge is one of the hardest for a new lawyer (or really, any lawyer) to answer. The largely unhelpful conventional wisdom is “don’t be the most expensive or the cheapest lawyer in town”. The free market answer is to charge however much you can without losing so many clients due [...]
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“I was seldom able to see an opportunity until it had ceased to be one.” — Mark Twain
We’re headed into a tough economic season and law firms are going to be affected (effected? I never get that right) like everybody else. But tough times don’t hit everyone equally. The prepared survive the storm [...]
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