Back in August, Arizona became the first state to allow alternative business structures (ABSs) by eliminating the ER 5.4 rule that prohibits fee sharing and non-lawyers from having economic interests (ownership) in law firms. While Utah and California are currently allowing ABSs in a trial...
Read MoreAs concerns about COVID-19 increase and the virus has reshaped the way we live our lives, The Supreme Court of the State of Arizona has issued an order extending the 2019-2020 CLE and Reporting Deadlines to December 30, 2020 (previously June 30 and September 15,...
Read MoreGenerations Y and Z (1980-1994 and 1995-2010) are establishing themselves in the general workforce year over year and this is true with the legal industry, too. Folks enter the practice of law for different reasons now than a generation ago. Firms need to understand, and...
Read MoreWhen you hear the name Goldman Sachs most people picture a Wall Street banker impeccably dressed in a dark suit. However, the American-based multinational investment bank put out an internal memo early last month addressing their new “firm-wide flexible dress code” changing that picture for...
Read MoreOver the past decade, law firm mergers have steadily increased. The largest number of mergers happened in 2018, while 2017 was close behind with 102(click here for access to reports by Altman Weil). Similar to the sale or purchase of a law firm, there are...
Read MoreOn January 23rd, 2019, D. French Advisors held a luncheon to discuss the issue of buying and selling a law firm. Joe and Anica Parker of The Parker Law Team and Kyle Hallstrom of The Hallstrom Law Firm were our expert panelists. Joe is an...
Read MoreThe global financial crisis of 2008 drove many businesses to spend less on outside legal assistance and more on bulking up in-house support in order to decrease overall legal costs. For more information on this trend, please review “Are In-House Departments Contemporary Law Firms?” by...
Read MoreLet’s take a moment to break down the Am Law 100 (law firms ranked 1-100) and Am Law 200 (those ranked 101-200). How much do you know about what goes into making these lists? Gina Passarella, Editor-in-Chief of The American Lawyer, says both groups are ranked...
Read MoreIf you were to survey attorneys and ask why they decided to pursue a career in law, you would likely hear a plethora of answers. Some choose law to make a difference in the community or represent the “good guys,” while others choose law for...
Read MoreAmong legal experts, there is widespread consensus that the demand for legal services is increasing. Even though demand is high, to truly achieve success there must be a shift in how law firms cultivate their prosperity. If a law firm is seeking to maintain a...
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