Mind Your Business
36 ABA Journal Mind Your Business articles.
Law had an attrition problem before the pandemic hit. Now it’s in hyperdrive, dovetailing with a wider movement of dissatisfied workers quitting their jobs in the wake of lockdown restrictions, in what economists have dubbed the “Great Resignation.”
Feb 22, 2022 3:06 PM CST
From technology behemoths buying up dynamic startups to market-leading utility companies joining forces, there is a clear trend of market consolidation in the U.S. In the quest to curb the monopolization of industries, President Joe Biden
signed an executive order in July promoting competition in the economy—which signals an upcoming increase in antitrust investigations for the legal industry.
Jan 18, 2022 9:20 AM CST
At the ABA Journal, we love to produce magazine features like the
50 startup tips to get your practice off the ground. But we also think that it's important to provide a platform for the experience and wisdom of legal professionals year-round. Here are our favorite columns from 2021 in our Your Voice, Mind Your Business and On Well-Being sections, with advice for improving your practice and your personal life in 2022.
Dec 23, 2021 12:16 PM CST
AI has been the subject of academic research since the ’50s, but it’s still in its infancy across much of the broader economy. Before advising clients on AI issues, lawyers should have some basic tech knowledge to answer questions about legal compliance.
Dec 14, 2021 8:52 AM CST
Legal analytics continue to be a necessary and growing part of how modern attorneys approach case strategy and research. Analytics tools enable attorneys to bring data-driven decision-making to their practice and business, improving both the quality and the efficiency of work they perform for their clients.
Dec 1, 2021 1:20 AM CST
Modernizing your website isn’t superfluous to your business plan—it’s a key part of its success, according to this legal sector-focused brand strategist and multidisciplinary designer.
Nov 15, 2021 8:53 AM CST
The judge in your case has immense discretion to decide the pace and outcome of your case. Given this truism, what judicial qualities can you measure in advance to best set you and your client up for success?
Oct 11, 2021 2:00 PM CDT
Three key developments are driving a dramatic increase in U.S. immigration activity in 2021. As a result, immigration law firms are bracing for a huge influx of cases. In this rapidly evolving practice area, technology and process automation are increasingly important for immigration attorneys seeking to meet the challenge.
Sep 14, 2021 12:04 PM CDT
While individual schedules will vary, on any given day, firms will have a segment of their team in the office, and another segment dispersed. After more than a full year of working remotely, this will be yet another disruption for law firms to endure.
Aug 17, 2021 2:15 PM CDT
By many accounts, law firms got through the financial challenges of 2020 by making deep cuts to expenses. And while that strategy seems to have worked, firms have likely reduced spending as much as they can and will have to focus on other aspects of the revenue cycle to propel their recovery.
Aug 1, 2021 1:10 AM CDT
The business entity you select for your firm has enormous implications for your annual tax liability. In addition, determining whether to make additional tax elections with the IRS can be one of the more confusing aspects when establishing a law firm. Which structure is right when you start your firm? Should you start with one structure and modify it down the line? What tax advantages could you gain from a change?
Jul 14, 2021 9:00 AM CDT
“For many years now, it has been well documented and reported that promoting diversity is an unequivocal pathway to success, and of the many routes that lead to law firm advancement, this pathway is simpler and less expensive to achieve.”
Jun 22, 2021 9:00 AM CDT
The days when attorneys remained loyal to one firm for decades are, for the most part, long gone.
May 17, 2021 10:08 AM CDT
Do you find yourself living with the stark reality of having to make a transition during COVID-19? Are you looking at changing practice areas or making a move to a new firm? Change in the best of times can be daunting. Add to that the various challenges we are currently facing with restrictions and lockdowns, and it may seem insurmountable. But it doesn’t have to be.
Apr 13, 2021 9:07 AM CDT
During my firm’s annual review meeting to discuss a tumultuous 2020, luckily, my phone rang. It was a law firm partner curious about the state of the lateral partner market.
Mar 16, 2021 9:37 AM CDT
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