LegalZoom: Good or Bad News for the Legal Profession?
June 14th, 2012
In the past ten years, LegalZoom has had more than two million customers. Its revenue in 2011 was $156 million. What does the apparent success of LegalZoom and other online document companies mean for the legal profession as a whole? ... Read More
When is a Lawyer Like a Barber?
June 11th, 2012
When it gets right down to it, what lawyers do is all about clients. Those wonderful, awful, charming, annoying, challenging and gratifying people who actually pay you to do your work. So we are declaring it “This Business of Clients” week here at Attorney at Work. You will receive some new and some of our best encore posts this week, designed to give you and your desk-side manner a quick refocus. Good for you. Good for them. First up? Roy Ginsburg and the guy who cuts his hair. Continue reading this post on attorneyatwork.com ... Read More
Lawyers: Beware Low Billing Rates
May 17th, 2012
Lawyers bill too little for two reasons. First, they believe that a lower fee will yield more clients. Alternatively, especially when they represent individuals and small business owners, lawyers feel sorry for their clients and end up billing what they think the client can pay — not what the lawyer is worth. Do not fall victim to either of these faulty arguments. Never, ever compete on cost Other lawyers may bill less for their services than you do, and you may fear losing business to these low-cost competitors. Don’t. Chances are good that these lawyers are not making a profit and will soon go out of business. You don’t want to join them. If I had excess capacity in my practice, I wouldn’t waste it by taking on legal work that los… ... Read More
Categories: Practice Management
Thinking About a New Solo Practice Area?
November 3rd, 2011
When selecting the practice area that will determine how you spend the rest of your career, you can “go deep” or “go shallow.” It is almost always better to “go deep.” “Going deep” means that you select a practice focus that you enjoy, in a healthy market for legal services, and in which you can reasonably obtain the needed skills and experience. How do you proceed? Continue reading this post on myshingle.com ... Read More
ABA rules: No major ethics overhaul needed To address web marketing
August 12th, 2011
In a draft proposal issued last month, the ABA Commission on Ethics 20/20 recommended no new restrictions relating to online marketing. The Commission did offer some useful guidance on how to interpret some web-based marketing tools within the context of existing ethics rules – guidance that I intend to pass along to the solo and small-firm lawyers that I coach. Continue reading this post on myshingle.com ... Read More
The Hourly Rate is Dead - Long Live the Hourly Rate
September 16th, 2010
I always wondered what the phrase, “The King is dead. Long live the King” means. If the King is dead, why are the next words, “long live?” According to Wikipedia, the phrase is a traditional proclamation made following the accession of a new monarch. I am reminded of this phrase every time I read about the death of the hourly rate and presumably the “accession” of the alternative fee arrangement (AFA). Well, to paraphrase Mark Twain, “the reports of the death of the hourly rate have been greatly exaggerated.” Continue reading this post on Ezinearticles.com ... Read More
Categories: Practice Management
Smart Lawyers Have Smart Phones
September 1st, 2010
In my CLE on client service, I reveal a very simple formula for satisfying clients. Know what they expect and then manage those expectations. The formula is certainly a simple one, but we all know that it is lot easier said than done. Continue reading this post on Ezinearticles.com ... Read More
Categories: Practice Management
Should You Make Resolutions for Next Year?
December 28th, 2009
The new year is just around the corner. Are you going to make any resolutions for your practice? The good; they can keep you focused. The bad; they may discourage you if you cannot keep them. When I coach attorneys, I take a middle-of-the-road approach. I ask clients to think about two to four goals for the year. Keep them broad and forego a very detailed action plan. Also, be realistic. Keep them simple Goal setting in and of itself is always a good idea. It forces you to take a “time out” from the your daily routines. Think about some things you would like to change next year. I am not a big fan of spending lots of time writing down the nitty gritty for two reasons. First, it can be time consuming. Should you spend days to determine t… ... Read More
Good News for Lawyers: Your Competition Stinks!
June 1st, 2009
Lawyers must market because the competition for business can be brutal in virtually all practice areas and localities. That is the bad news. The good news is that the vast majority of the competition stinks. Here are two stories to illustrate my point; both of them told to me by attendees at one of my recent CLEs. Both are general counsel at mid sized corporations. Continue reading this post at www.lawyerist.com ... Read More