Law Firm Management
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Benefits of Diversity and Inclusion for Law Firms
There are enormous benefits of diversity, and many reasons why law firms should strive to become more diverse and inclusive. These benefits include:Offering better legal representation through more creative, textured, and insightful problem-solving;Attracting and retaining top talent in a changing w....
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Law Firm Revenue Growth: Warning Signs for a Potential Crisis
SUMMARYThis article discusses the negative impacts of false revenue growth in law firms and provides steps to reduce it. False revenue growth can have devastating consequences, such as slowing production and affecting financial goals. To mitigate these effects, law firms should review their revenue ....
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Equity Partnership: A New Perspective on Law Firm Compensation
SUMMARYEquity partnership in law firms offers a fresh perspective on legal compensation, merging individual contributions with collective growth. This comprehensive guide delves into the complexities of equity partnership, from its foundational understanding to its financial implications. By explori....
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Basic Rules Regarding Recruitment and Compensation of Lateral Partners
Few areas have more potential for internal criticism and strife than determining the appropriate compensation level for lateral partners. And even large firms that recruit tremendous numbers of lateral partners can have a hard time figuring out how to attract and compensate these new owners. The dif....
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