Posted on October 8, 2009 by Laura Calloway
Many lawyers, particularly recent law school graduates, are finding themselves preparing to hang a shingle as the economic downturn has resulted in law firm layoffs and deferrals of new hires. Fortunately, there are some good resources out there for those who are thinking about starting their own practices, or have already taken the plunge.
On [...]
Filed under: Announcements, CLE Opportunities, Finance, Management | Comments Off
Posted on September 16, 2009 by Laura Calloway
There have been several recent news reports of municipal and county court clerks here in Alabama embezzeling fees and fines that they handled in the course of their work. Theft in the workplace goes on all the time, but it’s likely gotten worse as a result of the recession. And it’s not just confined to [...]
Filed under: Ethics & Professionalism, Finance, Management, Trust Accounting | Comments Off
Posted on August 25, 2009 by Laura Calloway
The final version of a new book just landed on my desk this morning. How Good Lawyers Survive Bad Times by Sharon Nelson, Jim Calloway and Ross Kodner is a must-read for any lawyer who has seen his or her business decline during the recession or, even worse, lost a job. But more [...]
Filed under: Book Reviews, Finance, Management, Technology | 2 Comments »
Posted on August 17, 2009 by Laura Calloway
Speaking of Law Practice Magazine, the July/August issue is centered on the idea of Managing Change and contains, among many intresting pieces, a great short article with 15 Recession-Response Tips for Solo & Small Firm Lawyers by Linda Oligschlager, Membership Services Director for the Missouri Bar. Her tips contain practical ideas you can put to [...]
Filed under: Finance | Comments Off
Posted on August 11, 2009 by Laura Calloway
Bad economic times tend to be compared to the proverbial rainy day, but when business gets slow I’m reminded more of the old expression to “make hay while the sun shines.” When things are slow around the office you have the perfect opportunity to patch up that leaky roof and generally put things in [...]
Filed under: Finance | Comments Off
Posted on February 18, 2009 by Laura Calloway
I have to disclose right up front that I might be just a little bit biased since I’m chairing this year’s ABA TECHSHOW, presented by the ABA Law Practice Management Section (April 2-4), but even if I weren’t, I’d still feel this is one of the best CLE investments any lawyer can make given the [...]
Filed under: CLE Opportunities, Ethics & Professionalism, Finance, Legal Research, Malpractice & Risk Management, Management, Technology, Tips & Tricks, Web Resources | Comments Off
Posted on November 24, 2008 by Laura Calloway
On Friday the FDIC issued a final rule which now classifies IOLTA accounts as non-interest bearing accounts for the purposes of the Transaction Account Guarantee Program. So, why is this important to Alabama lawyers?
Recently, a few very smart lawyers who had taken the time to think about it realized that under the interim rules [...]
Filed under: Ethics & Professionalism, Finance, Malpractice & Risk Management | Comments Off
Posted on September 29, 2008 by Laura Calloway
All the hoopla in the news right now about the “financial crisis” has everyone, lawyers included, on edge about the safety of their retirement assets. Which raises the question of how much is enough when it comes to putting money aside for retirement. Many lawyers, particularly those who practice as solos or in [...]
Filed under: Finance, Member Benefits | Comments Off
Posted on August 26, 2008 by Laura Calloway
The globalization of business has provided many opportunities for lawyers in Alabama to use an Internet web site to attract potential business clients from around the world. Unfortunately, globalization has also opened many lawyers up to the possibility of being caught in an attorney trust account scam that’s making its way across North [...]
Filed under: Client Development, Ethics & Professionalism, Finance, Technology, Trust Accounting | Comments Off
Posted on June 13, 2008 by Laura Calloway
Every day I talk to lawyers who are either making plans to leave an established firm and strike out on their own or have already done so. And I continue to be surprised that almost none of them have thought much beyond acquiring space and appropriate furnishings and equipment to set up shop. [...]
Filed under: Career Satisfaction, Client Development, Finance, Management, Member Benefits, Technology | 1 Comment »