Blogazine

Law Firm Economics

Author: Deborah McMurray
Last week I taught Southern Methodist University's Law Practice Management class - for the third year in a row. In 2011, the students were mostly 2Ls, but this year, there was an equal mix of 4Es (evening students who have fulltime jobs during the day), second and third years. They are in this class not to learn about the practice of law, but to study the business of law. (Read last year's blog post about this class.)
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Author: Deborah McMurray
Senior marketers have been questioning the value of Martindale-Hubbell listings with increasingly loud and passionate voices. For AmLaw 100 and 200 firms, the cost ranges from a bare-bones listing in the $20,000-40,000 range to a comprehensive contract that costs well into the six-figures. And many firms have eliminated it altogether, saying “Enough is enough.” In fact, in a meeting in Houston last Friday, an AmLaw 200 executive director said, "nearly everyone on my ALA listserve across the country have dropped Martindale."
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Author: Steve Nelson and Cassie Battle
One critical determinant in the success of CMOs in law firms is the ability to build a high-functioning team. Anyone who has read “Good to Great” knows that the key to success in any enterprise is to get the right people on board (“Get the right people on the bus.”), and then positively motivate them to accomplish well-articulated team and firm goals.
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