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State of the Legal Profession: Client Driven Innovation
Innovation in the legal services industry is frequently driven by client demand. Over the years, large corporate clients, in particular, have had a substantial impact on the way law firms handle core matters, such as billing and staffing. Recently, large clients have established new varieties of financial and practical requirements that legal service providers must meet.Answers to Common Legal Malpractice Insurance Questions
Before you consider buying malpractice insurance, it is important to understand the basics of insurance.You need insurance in order to protect yourself and your clients. As with other types of insurance, malpractice coverage can protect your personal assets against loss. In addition, as attorneys cannot limit their personal liability by agreement or entity selection, insurance provides protection against catastrophic loss.
Negotiating Better Results for Your Law Firm's Clients
For a number of years I have been doing research into how one's behaviors at the negotiation table affects financial and other outcomes. For lawyers who negotiate on their clients' behalf day in and day out, understanding this connection could be highly beneficial, or failing to notice it, highly detrimental.Thinking About Law Firm Risk Management
If you're a good lawyer, you won't get sued for malpractice. This belief may be comforting, but it's a myth. Good (and bad) lawyers get sued. There is no simple way to predict if your client will sue you for malpractice. In fact, risk management begins as soon as a person becomes a potential client.
How to Deal with Difficult Clients
Though no one will admit it, more than a few attorneys who are otherwise competent negotiators have returned to their office after a client meeting, closed the door, plotted revenge or, worse, wept (metaphorically speaking). Why do some clients have this aggravating effect?Team Conflict Management
Watching fireworks light up a summer sky awakens the wonder in us all. When fireworks light up a conference room and team members are ready to explode, it can be the true test of your Project Management and leadership skills. When team conflict is enthusiastic, challenging and results in a better outcome, it's healthy and a sign of a team that trusts each other enough to engage in debate and discourse.
The forecast is foreboding - recession ahead - and everyone is scrambling for safety. But what does is mean for the legal profession?
Here are five things to be aware of when working with inside counsel.
According to a recent study by Brand Finance, intellectual property (IP) now makes up 62 percent of the collective value of the world's publicly traded companies.
In a recently released comprehensive study, Big Four accounting firm PricewaterhouseCoopers LLP (PWC) evaluated the 2007 trends of the private securities class action landscape.