Operations
Why Biglaw Billing Is Like Brown M&M’s
In the context of $201 million in legal fees, a superfluous $1600 charge — for a fancy dinner and reading a newspaper article — is chump change, something that wouldn’t have registered a blip on the client’s radar screen but for this New York Post article. Yet while the monetary value of the $1600 charge…
Read MoreMore on Niche Practices
I’ve written extensively on niche practices all over this blog – but I’d never presented on the topic until a few weeks ago, at the Missouri Solo and Small Firm Conference. It’s a popular topic these days- as I noted in this post – and I also see that Peter Olson at Solo in Chicago…
Read MoreWhat a Niche Law Practice Is (Pot Law)…And What It Is Not
One of my solo-centric colleagues, Susan Cartier-Liebel of Solo Practice University is running a two-part series on niche practice over at her Build a Solo Practice blog, so I didn’t want to send you into niche-overload. But I after seeing this article from the National Law Journal on “pot law practices,” I couldn’t resist. Though…
Read MoreBack of the Napkin Business Plan for Starting a Law Firm
Starting a law firm can be daunting. Checklists and Mind Maps and planning resources outline the tasks involved, but the minutia can overwhelm. For some, the planning process gives rise to analysis-paralysis, as the quest for a perfect launch delays launching at all. And for those who come to solo practice as a last resort,…
Read MoreOur [Soft] Relaunch
I couldn’t have picked a worse time to relaunch MyShingle. I’m headed out of town later today, en route to the Missouri Solo & Small Firm Conference where I’m slated to make four presentations and participate in the keynote panel. Plus, I’ve got a filing to complete; a new client who just retained me. Still,…
Read MoreCan Outsourcing Innovation Make Biglaw Firms Heros?
I’ve been enthralled by the concept of large firms outsourcing innovation to small fry ever since I first posted about the topic in 2008. As I describe (very rapidly!) in myIgniteLaw presentation, outsourcing innovation is a win-win for both sides of the bar: the big firm gets the benefit of a new practice area at a…
Read MoreWhat Do Solo and Small Firm Lawyers Earn?
Biglaw has its annual and closely watched profits per partnership or PPP extravaganza, while Above the Law devotes an entire category to biglaw associate salaries and cuts. But where can lawyers considering solo or small firm practice get a sense for what solo and small firm lawyers earn? The solo/small firm salary question is tougher…
Read MoreWould You Work on Spec? Why Should Your Logo Designer?
Back in my last year of law school, one of my friends who was still looking for permanent employment responded to an ad seeking a new associate for a three person law firm. The firm’s managing partner contacted my friend and they had a nice chat.
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