In part I of this series, we discussed the first two pillars of year-end financial planning for law firms: reviewing the current year’s performance and projecting the next year’s revenue. In this article, we discuss the remaining two. Pillar #3 – Goal Setting...
For those law firm leaders who understand the value of running their firms like businesses, fiscal year-end financial planning is an exercise these business-savvy leaders have no choice but to engage in. Without financial planning and the ongoing monitoring of...
Depending on where you get your economic news, either the U.S. is (still) on the brink of a recession or the Federal Reserve has inflation mostly under control and the economy is poised for a banner 2023. Despite the difference of opinions economists and business...
By Shawn Lehocky and Dylan Pond Over the past year, the metaverse has been taking the tech world by storm. It’s the evolution of the internet that has tech CEOs like Mark Zuckerberg and Satya Nadella changing their business strategies (and in Zuckerberg’s case, his...
By Shawn Lehocky and Bryan Reilly Contingency law firms are businesses. They’ve always been, and they need to be run like one. Not having any sense of which aspects of your firm’s marketing and intake operations are working as intended is no way to run a business. A...
It is cliche at this point to say the practice of law is changing at a breakneck pace. But having practiced law for as long as I have—going on four decades—rarely a day goes by where I don’t encounter some advancement in technology, some innovative marketing...
