65 ABA Journal Practice Finance articles.
Aug 17, 2022 10:08 AM CDT
The founder of an Illinois law firm is facing a five-month suspension for “engaging in conduct involving dishonesty, fraud, deceit or misrepresentation.”
Aug 15, 2022 11:43 AM CDT
Waning demand for legal services and a rebound in expenses are contributing to a continued decline in law firm profitability in 2022, according to the Thomson Reuters Law Firm Financial Index.
Aug 11, 2022 1:49 PM CDTJune 24 decision overturning Roe v. Wade.
Jun 29, 2022 11:53 AM CDT
Law firm profitability decreased in the first quarter of the year, as direct expenses increased 13.1% and overhead increased 9.9% from the same period last year, according to the Thomson Reuters Law Firm Financial Index.
May 11, 2022 8:39 AM CDT
Apr 28, 2022 9:13 AM CDT
Maryland’s highest court has disbarred a lawyer who allegedly squandered the second chance that he was given when his law firm first discovered that he had falsified an expense report. The Maryland Court of Appeals disbarred lawyer Keith M. Bonner.
Mar 17, 2022 9:00 AM CDT
Do you want to fight for your clients but are short on cash? Call litigation finance groups today and get $500,000 or significantly more! But not if you have public discipline, bad credit, too much debt or a dog case. Or if the other side is known for slash-and-burn legal tactics. Or if it looks like your case won’t bring in enough damages to satisfy the client after the funder gets paid.
Feb 1, 2022 3:30 AM CST
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
Nov 18, 2021 11:00 AM CST
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
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