Mind Your Business
43 ABA Journal Mind Your Business articles.
Before you start drafting a plan to expand your firm into new territories or practice new areas of law, it’s important that you don’t fall into the habit of overworking yourself in order to achieve your business goals.
Sep 18, 2023 11:19 AM CDT
According to the Thomson Reuters
2022 State of U.S. Small Law Firms report, 22% of law firms admit that “differentiating your firm from your competition” is one of the top three goals or priorities for their practices. The report also indicates that 50% of firms find “challenges acquiring new client business” a moderate challenge, and 22% see it as a significant one. At the same time, almost three-quarters of the firms feel that the most competition comes from other law firms of similar size.
Aug 22, 2023 2:05 PM CDT
“Generative AI systems are made up of billions or even trillions of parameters trained on vast amounts of data, and their complexity makes their outputs notoriously difficult to explain. But can complex generative systems undergo meaningful audits?”
Jul 17, 2023 8:12 AM CDT
A JD degree is a gateway to various career alternatives. One of these opportunities, teaching law in a business school, receives little publicity and often is overlooked by law school graduates.
Jun 1, 2023 9:16 AM CDT
After years of unbridled hiring, a growing number of tech companies recently have made headlines with layoffs and recruiting slowdowns. In-house counsel jobs, especially at tech companies,
are not exempt.
Apr 20, 2023 8:51 AM CDT
Rare is the client who looks to litigators, alternative dispute resolution specialists or even corporate counsel as the “go to” persons for providing services that will prevent disputes. Most attorneys serve their clients by representing them in disputes that are already or soon to be underway, with a focus on billable negotiation, mediation, arbitration or litigation representation. When it comes to employee and manager education, skills training and systemic dispute prevention, business leaders look not to their attorney advocates but to a potpourri of human relations consultants, trainers and behavioral science experts.
Mar 21, 2023 10:14 AM CDT
For the past 20 years in the legal recruiting business, my firm, the Advocates, has focused on helping our clients land key lateral attorneys and improve retention through several unique processes designed to match candidates’ personalities to the right law firm and corporate cultures for them.
Feb 16, 2023 12:21 PM CST
The pandemic pressured corporate legal departments to control costs and collaborate online to an unprecedented degree as demand for legal services surged. But missteps await legal departments that rush into implementing technology without first taking a thorough look at the bigger picture.
Feb 1, 2023 2:20 AM CST
“On the basis of.” These four words from the Civil Rights Act of 1964 underlie the modern conception of illegal bias. From federal anti-discrimination statutes to state and local laws, this phrase nearly unites them all.
Jan 24, 2023 2:42 PM CST
An intrepid cavalier King Charles spaniel inspired a microincubator program aimed at giving associates room to develop leadership skills, foster creative thinking and facilitate collaboration with colleagues in different locations and practice areas.
Dec 12, 2022 8:45 AM CST
A firm’s chosen fee structure and how its finances are handled can lay the foundation for the entire life of the business and sometimes provides early indicators in determining whether it will grow and thrive or eventually crumble.
Dec 1, 2022 2:10 AM CST
As the world continues to digitalize, legal professionals must embrace this change sooner rather than later to remain competitive. Check out five steps to increase your online client base before you find your business left behind gradually, then suddenly.
Nov 1, 2022 8:41 AM CDT
Being able to make predictions is crucial for lawyers. Let’s explore the nature of judicial prediction-making by attorneys and see how the latest in artificial intelligence-powered legal technology comes into play in this altogether ubiquitous, yet highly formidable task.
Oct 3, 2022 9:56 AM CDT
The pandemic’s global economic and human impact has created new challenges for in-house legal teams. Supply chain disruptions, sharp increases or decreases in consumer demand, and the impact of uncertainty surrounding remote work options have pushed in-house legal teams to rethink the work they are doing and how they are doing it.
Oct 1, 2022 2:20 AM CDT
On-campus interviews have long been a staple of law firm recruiting. But when the pandemic hit, law firms, like everyone else, had to adapt by taking this time-honored tradition virtual—in many cases with great success.
Sep 6, 2022 8:30 AM CDT
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