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Want to Lower the Cost of Legal Services? Let’s Ditch Trust Accounts.

May 27, 2014 by Carolyn Elefant

Last month over at Attorney at Work, practice management consultant Peggy Gruenke shared her Mini-Checklist for Trust Account Management. Gruenke’s list is an exhaustive compilation of the do’s and don’ts and best practices for trust account management and therein lies the problem. Because in a digital age when most firms accept electronic payments and credit […]

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Dewey Really Want to Say That Crowdfunding Is Unethical Fee Splitting? The Biglaw/SmallLaw Double Standard

March 24, 2014 by Carolyn Elefant

Back in May 2013, Findlaw blogger William Peacock posted about Upstart, a  crowd funding site where “backers” provide money to new graduates, who pledge to repay the funds through a percentage of future income for a term of five or ten years. Upstart and similar crowd funding platforms might potentially offer an innovative solution to […]

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Is Starting a New Kind of Law Firm As Easy As Riding A Bike?

February 26, 2014 by Carolyn Elefant

There’s a new law firm on the block here in Washington D.C., reports the Washington Post — easily recognized by its sunny yellow bike. The cycle analogy is a bit of a play on words, since here, the BIKE stands as an acronym for the Tandem’s tagline, “Be yourself, Innovate, Kindness and Engagement.” Not surprisingly, […]

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Uber Lessons for Law Practice

January 31, 2014 by Carolyn Elefant

A few night ago, I left the office late after completing a day-long telephonic hearing in a different time zone. Because of the late hour and the freezing weather, I decided to treat myself to a cab ride home instead of waiting for the metro at my stop and then again, at the connection. At […]

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New Service for Solos and Smalls: Docket Hero

January 13, 2014 by Carolyn Elefant

Perhaps the best — and worst — aspect of a solo or small firm law practice is that no matter how much you plan, you’re always in for surprises. In some months, you may go from no clients on the horizon on the first of the month to an overflow docket a month later. Or […]

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Another Reason for Lawyers To Create Checklists: Potential Revenue Stream

November 20, 2013 by Carolyn Elefant

Michigansystemrevised from Carolyn Elefant   In the four years since the release of Atul Gawande’s Checklist Manifesto, the topic of lawyer checklists has been making the rounds on the blogs and speaker circuits.  Which is good because checklists are a valuable tool that can help lawyers keep their practice running smoothly, stay out of trouble […]

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The Lawyer Network That Was a Lawyer Notwork: Lessons from An Unsuccessful Venture

November 19, 2013 by Carolyn Elefant

Four and a half years ago – when Axiom Legal was just gaining traction and Virtual Law Partners and Rimon Legal and Fisher Broyles were the only dispersed legal business models on the block, a group of eight solo colleagues and I who practiced in four different cities came together to form a collaborative of […]

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Sometimes, First Is Worst

November 15, 2013 by Carolyn Elefant

Recently, one of my colleagues shared with me the success of a monthly subscription service that he’d recently launched for his clients, who are businesses in a relatively specialized industry.  He was surprised by the positive results because another one of our colleagues had tried a similar program a decade earlier with no takers. There […]

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The Pop-Up Law Firm

October 23, 2013 by Carolyn Elefant

So what if lawyers could match an occasional need for office space with existing and under-utilized capacity? For example, maybe a group of solos want to set up a monthly legal clinic for start-ups but can’t figure out where to host it? Or maybe you want to host a group of solos for a hands-on […]

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Info on Infographics for Lawyers

June 19, 2013 by Carolyn Elefant

For all of the reasons described here by my colleague and Allison Shields, I love infographics — a visual chart that depicts complex processes or statistical trends in a captivating way.  I have a Pinterest Board where I collect infographics on green technology, and my Twitter bio, @carolynelefant highlights my affinity for them. Still, I was […]

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