Law Practice Management |Maintaining a PracticePartner Compensation Structure Series Part 3: Executive Committee MonarchyWritten byDebra L. BruceJune 25, 2020Share this Post×Print PDF version of this guide.This is the 3rd article in a series of 7 discussing the different kinds of partnership compensation structures that law firms tend to adopt. Part 1 discussed the Monarch structure, which involves one partner …
Law Practice Management |Maintaining a PracticePartner Compensation Structure Series Part 4: LockstepWritten byDebra L. BruceJune 25, 2020Share this Post×Print PDF version of this guide.This is the 4th article in a series of 7 discussing structures that law firms tend to adopt for partner compensation. In Part 1 we discussed the Monarch structure, in Part 2 the Parity structure, and in Part 3 the Executive Committee Monarchy.Lock …
Law Practice Management |Maintaining a PracticePartner Compensation Structure Series Part 5: Modified LockstepWritten byDebra L. BruceJune 25, 2020Share this Post×Print PDF version of this guide.This is the fifth article in a series of seven discussing structures that law firms tend to adopt for partner compensation.Modified Lockstep Description Many firms have modified the lock step model to …
Law Practice Management |Maintaining a PracticePartner Compensation Structure Series Part 6: Eat What You KillWritten byDebra L. BruceJune 25, 2020Share this Post×Print PDF version of this guide.This is the sixth article in a series of seven discussing structures that law firms tend to adopt for partner compensation.Eat What You Kill (EWYK) Description Each lawyer’s compensation is …
Law Practice Management |Maintaining a PracticePartner Compensation Structure Series Part 7: Appendix AWritten byDebra L. BruceJune 25, 2020Share this Post×Print PDF version of this guide.APPENDIX A Sample Partnership Agreement Provisions Respecting Compensation Selected Provisions Of Agreement of Limited Liability Partnership Of A & B, L.L.P. [not intended as a complete partnership agreement] This AGREEMENT OF …
Law Practice Management |Starting a PracticeSet Up Your Client Trust AccountsWritten byThe LPM DepartmentJune 23, 2020Share this PostThe Texas Equal Access to Justice Program is designed to provide funds to be used for indigent legal services. As a result, the IOLTA (Interest on Lawyers’ Trust Accounts) was implemented. IOLTA provides that attorneys must deposit all client …
Maintaining a Practice |Law Practice ManagementClient SurveysWritten byMatthew E. EilersJune 23, 2020Share this Post×Print PDF version Of This HOW TO GUIDE. Do you know what clients think of your firm? Are you so preoccupied with your ever-present next hearing or meeting that you fail to take the time and find out? Or maybe you would rather …
Law Practice Management |Maintaining a PracticeRetention and Destruction of Client FilesWritten byThe LPM DepartmentJune 23, 2020Share this PostRetention and Destruction of Client Files Unfortunately, there is no one specific rule in Texas regarding the requirements for retention and destruction of client files. Texas Disciplinary Rules of Professional Conduct However, Texas Disciplinary Rules of Professional Conduct give …
Law Practice Management |Practice TechnologyCloud Computing for LawyersWritten byThe LPM DepartmentJune 22, 2020Share this PostWhat is cloud computing? Cloud computing is a term used to describe off-site storage or software as a service that utilizes Internet connectivity to access its benefits. In other words, instead of being stored on a local computer or server, data is …
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