Law Firm Practice Management - Print
The financial reversals of the late 2000s, technological advances, and outsourcing: these factors dramatically changed the way we practice law and continue to present lawyers and law firms with challenges that must be overcome to survive and thrive. The challenges are not merely financial, but also go to the heart of what it means to be a lawyer and to how law firms are organized and function. How does a small or medium sized firm start or persist amid these tectonic shifts in our profession? That is the animating question DRI's Law Firm Practice Management seeks to answer. This book analyzes how smaller firms can compete in the "new normal" with effective and conscious use of strategies. It offers nuts and bolts guidance about forming and managing a small firm and addresses specific aspects that affect small firms, including the possible advantages of being women- or minority-owned, and the role of a general counsel in firm risk management. The chapter on how to manage (and understand) law firm finances is critical reading, as are those on marketing, alternative billing arrangements, and the metrics by which lawyer and law firm performance is being measured by clients.