41 ABA Journal Practice Finance articles.
Ari Kaplan recently spoke with Rob Stote of BigHand, Michael Grupp of Bryter and Tom Obermaier of SurePoint Technologies about the recent report that the three companies commissioned to identify key trends among law firm financial leaders.
Nov 19, 2021 9:30 AM CST
Lawyers who received litigation funding from Pravati Capital are sometimes tripped up by contract provisions that leave them owing more than double the amount that they borrowed.
Nov 18, 2021 11:00 AM CST
Lawyers and staff members at top law firms overwhelmingly favored President Joe Biden and Democratic Party organizations in campaign contributions than former President Donald Trump, according to a law professor’s analysis.
Nov 10, 2021 11:24 AM CST
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
This is as good a time as any to discuss time. As Benjamin Franklin said, “Remember that time is money”—but I won’t waste any time discussing his kites. What does time mean to lawyers? Billable hours.
Jun 10, 2021 10:40 AM CDT
It’s a well-worn cliché that lawyers are lousy businesspeople. As a result, many of the larger firms have already turned to financial specialists to help. More than 70% of Am Law 200 firms and over 85% of Am Law 100 firms employ a chief financial officer. The larger the firm’s revenue, the more likely it is to hire a CFO. But what about small firms or solo practices?
Jun 1, 2021 1:40 AM CDT
For many, being your own boss is the ultimate dream. But the idea of hanging up your own shingle can be scary and confusing, while others might not know where to start. The ABA Journal asked lawyers, legal professionals, marketers, consultants and other experts what to keep in mind when starting your own practice.
Apr 1, 2021 12:05 AM CDT
Solo practitioners had a harder time weathering the initial economic impacts of the COVID-19 pandemic than others in the legal industry, according to a new report that cloud-based company Clio released on Tuesday.
Feb 24, 2021 9:19 AM CST
When the government offered forgivable loans to keep businesses afloat and workers on the payroll during the novel coronavirus pandemic, dozens of larger law firms received the money
Dec 2, 2020 11:33 AM CST
With better-than-expected results for 2020, some law firms are prepaying expenses for 2021 and considering how lessons learned from the COVID-19 pandemic will apply in the coming year, according to a 2021 client advisory by Citi Private Bank and Hildebrandt Consulting.
Dec 1, 2020 12:26 PM CST
Dec 1, 2020 1:30 AM CST
Some new attorneys delay buying a home or a new car. Others reluctantly postpone marriage and having children while altering the career plans they had going into law school. These are among the personal and professional sacrifices young lawyers often make due to their sizable student loan debt.
Dec 1, 2020 12:00 AM CST
Ari Kaplan recently spoke with Megan O'Flynn, an assistant general counsel at the International Swaps and Derivatives Association, and Doug Donahue, a partner in the finance practice at Linklaters in New York City, about ISDA Create—a collaboration between the ISDA and Linklaters.
Nov 20, 2020 9:02 AM CST
Bryan Cave Leighton Paisner has cut 4% of its global workforce and reorganized practice groups since undertaking a strategic review last year.
Oct 8, 2020 10:41 AM CDT
Do you know how many billable hours you can devote to a new case? Or whether you need to add another attorney to your firm? Can you afford to take time off from your practice, and if so, how much? If you're one of the lawyers who is kept up at night with worries about your firm's finances, you are not alone.
Aug 27, 2020 9:30 AM CDT
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