Law firms represent an industry that seems very well suited to knowledge management investigation. Law firms are knowledge intensive, and the use of advanced technology may well transform these organizations in the future. This paper reports results from a survey of Norwegian law firms on the use of information technology...
This is a case study of a law firm, which is outsourcing its paralegal and clerical processes. These processes include: completing immigration forms, drafting employment letters and collecting personal data and information required to complete the forms. Outsourcing was necessary to grow the practice without increasing fixed overhead costs.
Business owners often face difficult ethical dilemmas, such as whether to cut corners on quality to meet a deadline or whether to lay off workers to enhance profits. A current ethical debate concerns the use of extremely low-wage foreign workers, especially in the garment industry. In our complex global business...
The Law Firm Administrator job description template includes the following job summary: To carry out all the business and administrative functions of the firm, including human resources management, financial management, information systems, and facilities management. Additional information available includes essential job functions, additional responsibilities, and education and experience requirements.
Anonymous Lawyer by Jeremy Blachman is simply hilarious. Its a satirical novel written in the form of blog entries and internal emails by a hiring partner at a big LA law firm. A must-read for anyone in a law firm or considering that career path. Heres the fake law firms...
Holland & Knight LLP is one of the 15 largest law firms in the world, dating back to the 1800s. More than 1,200 lawyers and professionals contribute to their one firm structure, with five practice sections litigation, government, business, real estate and private wealth services. Holland and Knight wanted to...
The legal profession is beset by misconceptions and self-delusions. These pertain to the strategies and the moves adopted by the law firms. Such misconceptions are hampering the progress of the modern-day law firm and preventing it from achieving the status of a ‘great’ organization. A plethora of myths exists among...
In the contemporary business era, law firms are increasingly being sensitive to adopting talent management techniques. These techniques are seen as an effective tool to cultivate and manage talent within the law departments. The law departments are evolving innovative talent management initiatives to enhance the effectiveness of team performance. The...
The board of Community First Bankshares has always prided itself on being proactive, something attributable to the experience level of its directors. Several have done stints as top executives with other financial services companies; most have served on other boards. One has new exchange rules, Sarbanes-Oxley, the SEC, and then...
From the executive summary: ‘While strong law firms have experienced an exceptional level of prosperity and growth in a consolidating market, continued expansion and ever increasing profitability are not the only potential destinies for law firms today. As the high profile, closures of long established firms demonstrate in recent years...
This paper estimates the effects of several American law firms' international networks of offices on the total value of overseas mergers and acquisitions (M&A) by US corporations. Nowadays many nations can review proposed mergers and US law firms help clients overcome such regulatory hurdles, effectively greasing the market for corporate...
This paper estimates the effects of several American law firms' international networks of offices on the total value of overseas mergers and acquisitions (M&A) by US corporations. Nowadays many nations can review proposed mergers and US law firms help clients overcome such regulatory hurdles, effectively greasing the market for corporate...
The times of economic slowdown are the ideal times for law firms to take stock of prevailing conditions and prepare for future challenges. It is the perfect occasion for law firms to assess, evaluate, and overhaul their strategies and business activities for achieving increased performance and attracting new clients. There...
Modern-day law firm leaders and managers are facing the increased risk of significant liabilities. Law firms are becoming increasingly prone to such risks. In recent years, several corporate scandals have seen a slew of actions being filed against lawyers. These strengthen the premise that law firms are vulnerable to the...
From the executive summary: ‘The roots of a firm’s decline are usually long. A firm does not fall from excellence to mediocrity overnight. Likewise, turning the situation around cannot be accomplished quickly. To get the firm back on a solid footing, it is imperative to examine the current state of...
From the executive summary: ‘Some problems that law firms face regularly, especially in weak economic times, are so poorly managed that they do more damage than they should: layoffs, firings of partners, scandalous e-mails that become public, the departure of a high-profile lawyer or practice group, or a sexual harassment...
The contemporary business environment is ripe for law firms to strategize their future courses of action. They need to review their capitalization and consider the costs of future operations and initiatives. Detailed plan of capital structures and other activities needs to be prepared by the law firms. Such planning and...
Many law firms in each of the U.S., UK and Australia have been grappling with aspects of knowledge management for a long time. Leading firms have implemented systems to better manage portions of their knowledge. With the growth in the recognition of the value of the intellectual capital of organisations...
The contemporary business environment is full of unpredictable and unstable situations. These situations have far-reaching effects on several areas of a law firm. External environmental conditions have the potential to dictate the future course of strategy for a law firm. In such scenario, it is but obvious that law firms...
The legal industry is abuzz with activity. Increased competitiveness and industry consolidation is transforming the modern-day law firms. In this scenario, the law firms need to precisely assess and evaluate their strengths and weaknesses so that they may leverage the same to their advantage and, in the process, successfully differentiate...
