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Law Practice Management Business Strategies

LawVision

Prognosticate or Tempt Fate

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I’ll get right to the point – If your firm isn’t already preparing 3 to 5 year pro forma financial statements that conservatively account for predictable and inevitable events (e.g., retirements, normal turnover, rising...more

IR Global

The Gratitude Gap: How Elite Law Firm Leaders Balance Fulfillment and Ambition

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If you’ve built a successful firm but still feel the pull for more, you’re not alone....more

LawVision

Talent – The Final Strategic Frontier?

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In a post two years ago this month “Here We Go All Over Again… or Not”, I posed a series of questions about what might happen to the legal world in this era of Generative AI.   While the takeover of the industry by computers...more

Holland & Knight LLP

Law Firm MSOs and Legal Ethics Regulations: Lessons from Texas Opinion 706

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The Professional Ethics Committee for the State Bar of Texas (Committee) in February 2025 issued Opinion No. 706, the first ethics opinion that squarely addressed the use of law firm management service organizations (MSOs)....more

Best Era

The Legal Tech AI Bubble Is Real and Some Law Firms Will Get Burned

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Walk the halls of any legal tech conference today and you'll trip over dozens of AI startups promising to revolutionize law practice. Each booth features the same pitch: "We're ChatGPT, but for lawyers!" The valuations are...more

Epiq

Time for Change: Legal Industry Experts Break Down the Workflow Challenges in 2025

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It’s Not a Pipeline Problem. It’s a Process Problem. The data is clear: 90% of firms have restructured their support teams, and yet over half are planning more changes. Why? Because even as firms respond to retirements and...more

Legal Internet Solutions Inc.

Outsourced, Not Overwhelmed: The Strategic Value of Outsourced Marketing Support

Law firm marketing leaders are no strangers to the impossible to-do list. One day, it’s a lateral hire who needs a fast integration plan. Next, a partner wants a new campaign live by the end of the week. Layer in ongoing...more

Society54

Strategic Planning for Law Firms: Turning Metrics into Meaningful Change

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At Society 54, we believe strategy shouldn't be confined to a binder or pulled out for review only once a year. It should be actionable, dynamic, and directly tied to real-time insights into your firm's operations. In today's...more

Holland & Knight LLP

Restructuring Law Firms Through Management Service Organizations

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For decades, healthcare providers have formed or contracted with management services organizations (MSOs) to assist them with the "administrative challenges associated with running their business. MSOs are often able to...more

LawVision

Key Client Planning: Creating a Client Advisory Board for Your Law Firm

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In today’s rapidly evolving legal landscape, staying ahead of client expectations and industry trends is more critical than ever. A Client Advisory Board (CAB) offers law firms a powerful way to foster meaningful engagement...more

Jaburg Wilk

Every Experience is an Audition for Your Future

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As an attorney, I often focus on the immediate task at hand – reviewing the revised document from opposing counsel, the brief due next week, the client meeting tomorrow, or the upcoming deposition. Over time I’ve learned that...more

LawVision

Growth Through Differentiation: What Sets Your Firm Apart?

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What is your firm known for? If a prospective client asked what truly sets you apart from your competitors, how confidently—and convincingly—could you answer? Most law firms struggle to articulate meaningful differentiation....more

Best Era

Your Law Firm Needs to Buy Back Its Masters: Why Referral Dependency Is Killing Your Growth

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Here's the uncomfortable truth: If 90% of your clients come from referrals, you don't own your reputation. Other people do. You're building their influence while staying completely dependent on their goodwill....more

Society54

Investing in the Middle: Aligning the Growth of Managers with Organizational Goals

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It is common in any organization to focus on leadership at the top and on performance at the front lines. But what happens to those in the middle? While focusing on leadership at the top is important, there is something to be...more

Best Era

Generational Collaboration: The Opportunity For Law Firms In The Age Of AI

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The legal profession is stuck in the past. Most law firms still operate like they did fifty years ago. Senior lawyers assign tasks. Junior lawyers do the tasks. This is the old way....more

Society54

Smart Growth in a Tight Market: A Playbook for Law Firm BD and Marketing Leaders

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As law firms adjust to a more uncertain economic climate, one thing is clear: the pressure to do more with less is no longer temporary, it’s becoming the norm. With corporate clients tightening budgets, M&A activity slowing,...more

LawVision

Will AI Lower Law Firm Rates? That Might Be the Wrong Question (Think “42”)

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In The Hitchhiker’s Guide to the Galaxy, a race of hyper-intelligent beings builds a computer to discover the ultimate answer to life, the universe, and everything. After seven and a half million years, the machine reveals...more

IR Global

What Only You Can Do: Redesigning the Role of Managing Partner

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There’s a question I love to ask the managing partners I work with—one that cuts through the noise and goes straight to the heart of the matter: What would break or be missed in your law firm if you were truly gone for 30...more

LawVision

Navigating Generational Friction in Law Firms 

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In May of 2023, I (Mike) tried to raise awareness of the challenges of navigating generational changes by focusing on the impact on partner compensation… The post Navigating Generational Friction in Law Firms  appeared first...more

Best Era

High Rates, Low Hours: The Future of Law Will Break Your Business Model

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For decades, law firm financial models have been built on a simple premise: people doing lots of work. The industry has functioned on the billable hour, where time is directly equated with money. It has become a universal...more

Best Era

Can’t Find Good Talent? You’re The Problem, It’s You.

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Hiring in today’s legal market feels like trying to find a unicorn in a thunderstorm. The great ones aren’t applying. The good ones ghost you. The ones who do come through the door often aren’t a fit....more

Best Era

Will Your Law Firm Exist in 5 Years?

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The legal profession is standing at the edge of a radical transformation. Technology, shifting client expectations, new business models, and the accelerating pace of change are exposing a critical question: Will your law firm...more

Legal Internet Solutions Inc.

8 Essential Law Firm KPIs for Measuring Success in 2025

In an increasingly data-driven world, measuring and monitoring business performance isn’t just helpful – it’s critical to your law firm’s success. The legal industry has witnessed significant shifts since our last deep dive...more

LawVision

Opening doors is easy….when you have the right keys

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To thrive, law firms continually need to add new clients that can grow over time to become strategic accounts. In addition, new or revised firm strategies require a law firm  to re-thinking what the client base should be...more

LawVision

Proactive Pricing for Law Firms

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A few years ago, I wrote a blog on proactive profitability. Given the evolving dynamics and trends in pricing in 2025, I want to explore a parallel concept: proactive strategic pricing. ...more

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