When ‘Going Green’ Could Very Well Put You In The Red

It’s very exciting to embrace technology. It’s new, it’s shiny, it’s fast. Every law practice management consultant tells you you will fall behind if you don’t. Myself included. However, as I have written before, you must embrace the technology gap from the perspective of your client. Not every client wants this. Not every client is capable of embracing it. Not every client will feel comfortable. And just as some embrace the latest technology, the goal post for ‘latest’ moves. And lest we forget, every consultant tells you to build a client-centric practice in order to succeed.

So, how do we build a client-centered practice which remains technologically progressive but understands not all customers are technologically progressive? how do we stay efficient and friendly and not alienate our clients, or worse, they fail to hire to us?

Reality Check Part 1: In 2022 – 2025 Your Clients Will Not Be Able to Afford Your Legal Services

Many in the legal profession have already made their 2022 predictions almost a year ago (and 2023 will be coming soon). They will showcase trends in technology, staffing, management as they see it and much more, particularly as it relates to the actual practice of law. I applaud the vision and guidance they bring to our profession. I’ve made them along with my podcast buddy, Jared Correia. However, as many of you know, I tend to go for the much, much bigger picture, the economic trends facing your clients as money (or lack thereof) drives the realities of your day-to-day practice from your marketing efforts, your choice of practice areas, your office set up, your fee structure, how you package your services, and even your personal life style. Read on….

First There Is the Lie. Then There is the Bigger Lie. Then Statistics.

There was a recent posting on Above The Law discussing Benjamin Barton’s new book, Glass Half Full: The Decline And Rebirth of The American Legal Profession . The highlight and discussion catalyst was the chart that compares what a solo earns to what a Big Partner earns. It’s pretty dramatic. Let’s find out the truth.

What Legal Consumers Need vs What You Think They Want

The narrative currently embraced by everyone in the profession is the predominant reason why consumers don’t engage lawyers is cost. Wrong! In a recent legal needs survey it was determined that cost is not the predominant factor when deciding not to hire a lawyer…even in today’s economy. Surprisingly, the dominant reason consumers are not contacting lawyers is…read more.

Why More Women Go Solo

Have you noticed that women lawyers seem to be going solo at a faster rate than their male counterparts? We may start off as associates at Big Law, but we don’t tend to stay there. In fact, less than seventeen percent of female associates ever become equity partners in their firms. Only about four percent make it to the level of managing shareholder. Think you know why that is? Read on….

Are You Working With The New Consumer-Facing Legal Startups?

2015 is shaping up to be THE year of the legal startup.  Angelist.com is flush with more than 720  startups and almost 1,100 investors. In 2013 a stunning $458 million was invested into legal startups, a breathtaking leap from a mere $66 million invested in 2012. But while investment dollars declined in 2014, the startups are proliferating […]

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