New Client Development: It’s All About Who You Know9/26/2008 When you first start at a new firm, all you want to think about is learning the job and getting the work done. But, sooner or later, you know that you will be expected to start bringing in new clients. You were never taught this skill in law school, except...
(0 comments) Developing a Relationship with Your Mentor10/8/2008 What’s the secret to success for the new lawyer? Many publications and web sites tell you to locate a mentor, but your mentoring experience will only be successful if you give serious consideration to your role as the mentee and your relationship with...
(0 comments) Understanding Interest on Lawyer's Trust Accounts5/30/2008 Commingling
The Rules and Canons of Ethics mandate that law firms and attorneys not commingle attorney funds with client funds. Attorneys are required to place client funds into a separate account. Any interest earned on these...
(0 comments) Put time on your side5/28/2008 Get ready to juggle six or seven assignments while appearing responsive to clients, senior attorneys, and partners. It comes with the profession! A law firm’s inventory is time—as evidenced by activities that can be billed to clients. Developing...
(0 comments) How Social Should You Be?6/25/2008 During your time as a summer associate, how can you be sociable, but also appropriate? Although you likely have many opportunities to socialize with professionals at the firm, are there gray areas you’ve been wondering about? For example:
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(1 comments) How a Law Firm Makes Money5/30/2008 An associate in a law firm can increase his or her value by understanding how a law firm makes money. Most law firms earn fees in one of four ways: (1) contingency fees; (2) hourly fees; (3) flat fees; and (4) retainers.
Contingency...
(0 comments) Keeping a Calendar1/31/2008 Judges demand respect. Part of that is a demand that attorneys show up when they are supposed to, ready to proceed. Missed deadlines and missed appointments can result in adverse rulings against a client, sanctions against the attorney, and possible...
(0 comments) Collecting Client Accounts5/17/2008 Getting slow-paying clients to cough up what they owe is frustrating and a big drain on cash flow, but there are ways to nudge a client into paying.
Reminder Invoice
One of the least confrontational things you can do is to send...
(0 comments) Engagement Letters1/31/2008 When an attorney agrees to represent a client, it is in everyone’s best interests to get the fee agreement in writing. The agreement should cover the precise matter for which the attorney or firm is being retained, the fees to be charged, expenses,...
(0 comments) The New Client?2/28/2008 The call elicits instant chest swelling. It's a prospective client who has been treated very badly by one of my professional rivals at another firm. "I should have gone with my instincts and picked you in the first place," the caller intones....
(0 comments) Working Successfully with a Legal Assistant2/29/2008
Good two-way communication is essential to a successful relationship —This principle is so basic it seems almost trivial to mention it, but it’s worth reinforcing. Communication is not a top down process. It involves mutual respect and...
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