Translations From Lawyer Talk
As a public service, I offer the following translations from Lawyer Talk to Plain English:
As a public service, I offer the following translations from Lawyer Talk to Plain English:
Warning: The article below contains 30 seconds of material about accounting. Please power through and do not tune out.
How can you possibly explain why a lawyer at a substantial firm took on a file that was outside of his expertise and made a… Read More »Law Firms: Are You Getting What You Are Paying For?
I once had a law partner named Marvin who taught me what he called the “fish theory” of marketing. According to Marvin, marketing was simply… Read More »Marvin’s Fish Theory of Legal Marketing
(Part 1 of Many) Law firms like to encourage their lawyers to produce as many billable hours as possible. In order to keep the lawyers… Read More »How Law Firms Drive Associates Crazy
I am, of course. But I don’t have to make sure that everyone else knows it. Whenever I forget this simple truth, the client ends up paying… Read More »Who Is The Smartest Lawyer in the Room (or on Zoom)?
There is an easy way and a hard way to develop a good client base in the legal profession. The hard way is to work extremely… Read More »Eating Your Way to A Great Client Base
Law firms being partnerships, someone must decide how to split the pie at the end of the year, and except in some small firms, the… Read More »Scrambling for the Largest Piece of Pie
Whenever someone makes a pop culture reference to the 80’s, 90’s or 2000’s which I don’t get, I always say, “I was busy working.”
The “organizing principal” and basic building block of law firm economics is the billable hour.