20 KPIs of a Successful Law Firm: How to Diagnose Why Your Law Firm Isn’t Doing as Well as You’d Like

Business owners, or I should say, successful business owners, know and track their key performance indicators (KPIs). At just a glance, successful business owners can see what’s working, what’s not working, and where to adjust.

As a solo practitioner, you’re a business owner and CEO, right? Of course you are. So, are you tracking these important measurements?

Explore the Payment Trends that Affect Your Business

To help attorneys better understand the trends that affect their business, LawPay has created a new infographic, “Recent Trends in Legal Payments.” Explore this infographic to see how changes in payment preferences could affect your law firm, and what you can do moving forward to improve payments in your practice.

Sharing Office Space Can be a Great Gig, Except When It Isn’t

Solo attorneys sometimes land in an office share setting. And look, I get it. The reasons for doing so can be compelling. There’s the savings on overhead, the presence of others who can provide personal and professional support, and the list goes on. While I have no desire to quash anyone’s desire to work in such a setting, I do feel compelled to share a story; because sometimes it’s just too easy to minimize and even ignore potential problems.

If You Don’t Have Legal Malpractice Insurance You Need To Know That …

Prospective client Diane has a complex legal issue in Illinois. Her matter will likely generate millions of dollars in revenue. She receives two referrals, one for Grace and one for Alan. Diane decides to search for these lawyers on the ARDC website (this is the disciplinary agency that regulates lawyers in Illinois) to learn more about them. Diane learns from the website that Grace does not have legal malpractice insurance; but Alan does. They have both been active Illinois licensed attorneys for 10 years. Who does she pick? Wait! This is not only not a silly question, but read the answer and the changes now being implemented for those who don’t have malpractice insurance. Illinois is leading significant changes. You’ll be glad you read this.

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