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Law Firm Management

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Why Law Firms Should Rarely (if Ever) Hire Lateral Candidates Coming from Practice ....

SUMMARY: This article comprehensively evaluates the risks involved in recruiting attorneys from non-traditional legal backgrounds, such as in-house positions, academia, public interest roles, and those who have pursued further education like LLMs, shifted to clerkships, or established solo practices....

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Why & How Law Firms Need to Plan Strategically to Stay Competitive

Firms need to think strategically to remain competitive while also retaining strong management systems.Strategic thinking entails constant evaluation of the firm and its attorneys.Many professional firms enter into growth planning for the wrong reasons.Read below to find out more.The legal professio....

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Different Styles of Law Firm Recruiting

When it comes to recruiting, law firms get as much out of their efforts as they put into them. As a result, is it a surprise to hear partners complain that their firms are not attracting as much top talent as they once did.....

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The Law Firm Lifecycle: Why Some Firms Fail

Law firms are just like any other organization, sometimes achieving great success, and other times going defunct. This article goes over the latter firms.....

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Pay to WinHow to Make Your Law Firm's Compensation System an Asset

Nothing can create more tension and controversy in a law firm than partner compensation. At their best, compensation systems leave some partners feeling short-changed. At their worst, they misallocate financial resources, cause severe infighting, and set the stage for destabilizing defections. Altho....

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Maximizing Your Law Firm's Growth: The Ins and Outs of Lateral Hiring Strategies

SUMMARY:In the competitive world of legal services, law firms are constantly seeking ways to grow and stay ahead of the ....

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The Rise of Law Firm Mergers: Exploring the Key Factors Driving Consolidation in the Legal Industry

SUMMARY:The legal industry has undergone significant changes in recent years, with an increasing number of law firm merg....

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5 Reasons Why Law Firms Need to Restructure Immediately - A Guide to Staying Competitive in the Evolving Legal Landscape

As the legal industry evolves, law firms must adapt to the changes to remain competitive. This requires thoroughly evalu....

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How BCG Attorney Search Ranks Law Firms

Ultra-Premier: These law firms represent the pinnacle of excellence and prestige within the legal industry. They are re....

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Law Firm Revenue Growth: Warning Signs for a Potential Crisis

SUMMARYThis article discusses the negative impacts of false revenue growth in law firms and provides steps to reduce it.....

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Understanding Component Profitability Analysis: A Guide for Law Firm Management

This article discusses the importance of component profitability analysis for law firms. It explains the benefits of usi....

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Understanding The Value of Integrating Marketing and Technology to Law Firms

This article outlines how law firms can benefit by integrating marketing efforts with new technologies. Technologies suc....

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