Collection work is something that can't wait, because a dollar of receivables doesn't stay a dollar for long. The dollar the office bills this month will be worth only 50 cents six months from now. In a year, it will be worth no more than 23 cents and probably more in the range of 19 to 20 cents. After two years, a 5-cent recovery is about the best any office can expect. Much … [Read more...] about Keep your accounts receivable young
Managing the office
7 ways to make your firm stand out among your competition
The competition for clients is fierce and law firms are marketing heavily, says marketing expert Shawn McNalis. That means a firm has to make itself stand out among a deluge of marketing messages and try for "top-of-mind awareness." Surprisingly, that can be done without much expense and even without a marketing department. The key, she says, is to focus on the personal side … [Read more...] about 7 ways to make your firm stand out among your competition
5 benefits of rules-based calendaring software
1. Use of automated rules-based calendaring software may entitle your firm to discounts for malpractice insurance coverage. Talk to your provider; 2. Automated rules-based systems reduce human errors; 3. The software adjusts for local court rules and holidays; 4. Some programs come with predetermined reminder dates for different types of entries. When the calendar date is … [Read more...] about 5 benefits of rules-based calendaring software
To-Dos: Your September office checklist
Now that the summer is over and you're facing the final quarter, it's time to roll up your sleeves and get to work. Here are some important tasks you need to address now to ensure that you finish the year strong and are realistically prepared for next year. 1. Plan your staffing Start thinking about your staffing requirements for the coming year. Will you be adding another … [Read more...] about To-Dos: Your September office checklist
How to cope with post-Labor Day stress (yes, it’s a thing) and return to the “daily grind”
It's official: summer is coming to a close. Gone are the days filled with outdoor festivals, beach vacations, neighborhood pool parties, and fun-filled barbeques. It's time to get back to work. Most working Americans acknowledge that the close of the Labor Day weekend symbolizes the return of the fall grind and new data from a national study commissioned by Mars Drink confirms … [Read more...] about How to cope with post-Labor Day stress (yes, it’s a thing) and return to the “daily grind”
How to reduce the risk of in-office theft
Theft in law firms comes from all corners, from staff to partners. "It happens more than people realize," says legal management consultant John W. Olmstead, MBA, Ph.D, CMC. In fact, his own experience of working with law firms leads him to estimate that one in nine firms has experienced some type of theft. Every firm needs theft protection. But that protection needs to do … [Read more...] about How to reduce the risk of in-office theft
Why your first act as a new administrator should be to rearrange the furniture
One of the most difficult ways to become a manager is to be promoted from within. For a Colorado administrator, however, moving up was even more difficult because the promotion came with a directive to change the working atmosphere of the office. The previous administrator, while knowledgeable, was not someone who encouraged a welcoming atmosphere, says the … [Read more...] about Why your first act as a new administrator should be to rearrange the furniture
Developing productive associates: Why the traditional annual review gets a FAIL!
If the goal is to develop the associates into productive—and profitable—attorneys, the traditional annual review is not enough. There need to be formal reviews twice during the year. And more, there needs to be continuous feedback in the meantime. Many firms have moved away from the lockstep approach of pushing associates up the partnership ladder based on years of service. … [Read more...] about Developing productive associates: Why the traditional annual review gets a FAIL!
Measure your associates’ satisfaction to keep them on board
Do you know whether or not your firm's associates are content or if there is a mass exodus in your future? Find out with a well-crafted survey. Your firm's greatest asset is its associates, yet associate satisfaction is often overlooked. To keep those associates happy, you need to find out what's making them unhappy, and do that with frequent and focused surveys. … [Read more...] about Measure your associates’ satisfaction to keep them on board
Break down barriers with peer-to-peer training
The best staff training, says a Missouri manager, is the training staff give one another. And at her office, her staff of 25 do just that. They hold training sessions for one another on a "when-needed, what's-needed, and who-needs-it" basis. There's no set routine. The manager simply schedules an in-service whenever she sees a problem in the workflow. Perhaps the billing … [Read more...] about Break down barriers with peer-to-peer training