Working Capital: How Much is Enough

The entire concept of capitalization is surprisingly misunderstood by many, otherwise business savvy, law firm partners.  Transactional lawyers spend their time working with large sophisticated clients where cash flow is often not an issue.  Litigators are good at untangling complex balance sheets and contingent liabilities, but law firms are simple organizations built on the basic... Continue Reading »

How Important is Collegiality?

Ask any law firm managing partner what his or her firm’s culture is like and, more than likely, you’ll hear,... Read more »
An important element of strategic planning for many law firms is the identification of specific areas of practice where the... Read more »

How High is Up?

As a rule, lawyers have a tough time with abstract concepts.  That’s why it surprises me that when law firms... Read more »

Looking in the Mirror

One of the most deadly faults a law firm leader can have is to make decisions based on their own... Read more »