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Conflicts of Interest

The LPM Department Law Practice Management, Maintaining a Practice

 |Maintaining a PracticeConflicts of InterestWritten byThe LPM DepartmentJune 16, 2020Share this PostWhat is a conflict of interest, and why is everyone so worried about it? Licensed lawyers are given some very special powers. When we become attorneys, we become officers of the courts of the state granting the license and of the courts affirmatively admitting …

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Evaluate Your Office Leasing Needs

The LPM Department Law Practice Management, Starting a Practice

 |Starting a PracticeEvaluate Your Office Leasing NeedsWritten byThe LPM DepartmentJune 16, 2020Share this Post×Print PDF version Of This HOW TO GUIDE. Leasing smart is an intregal part of your practice being on the Road to Success! Office space is often the second largest operating expense of most law firms today. If that is your case, perhaps …

Group of lawyers at the office looking at a project

Write and Implement a Law Office Business Plan

The LPM Department Law Practice Management, Starting a Practice

 |Starting a PracticeWrite and Implement a Law Office Business PlanWritten byThe LPM DepartmentJune 11, 2020Share this Post×Print PDF version Of This HOW TO GUIDE. The purpose of business planning is to establish a common focus for action. This is done by: Clarifying goals Establishing measures of results Assessing resource distribution needs Unifying the firm to …

Cheerful young start-up attorney in formal wear looking at a tablet outside

Prepare a Cash-Flow Budget for a Start-Up Law Practice

The LPM Department Law Practice Management, Starting a Practice

 |Starting a PracticePrepare a Cash-Flow Budget for a Start-Up Law PracticeWritten byThe LPM DepartmentJune 10, 2020Share this Post×Print PDF version Of This HOW TO GUIDE. Introduction With the aid of low-cost electronic spreadsheet applications the budgeting process has become less of a dreaded task. These software applications substantially reduce the work required to summarize and …

Smiling group of lawyers going over the law firm employee handbook together and working on a laptop at a table in an office

Draft an Employee Handbook

The LPM Department Law Practice Management, Starting a Practice

 |Starting a PracticeDraft an Employee HandbookWritten byThe LPM DepartmentJune 10, 2020Share this Post×Print PDF version Of This HOW TO GUIDE. Introduction An Employee Handbook should be tailored to the individual needs of the employer and the employer’s management style. It is to be used as a guideline and should never be interpreted as a form …

How to Set Billing Rates

The LPM Department Law Practice Management, Starting a Practice

 |Starting a PracticeHow to Set Billing RatesWritten byThe LPM DepartmentJune 9, 2020Share this Post×Print PDF version Of This HOW TO GUIDE. Introduction Today’s market and the increased client sophistication when selecting legal services, are making it necessary to carefully evaluate billing practices. Whether you prefer task based billing, value billing, hourly billing or other alternative …