Practice Tip Checklist for Developing a File Retention Policy

Kevin Henderson Growing a Practice, Law Practice Management, Maintaining a Practice, Starting a Practice

Practice Tip Checklist for Developing a File Retention Policy Ask your malpractice carrier for file retention guidance.   At a minimum, include the following in your file retention policy. How the client will be notified of your file retention policy. How the client can obtain their file once the case is closed. Address the cost …

Practice Tips Regarding File Retention and Destruction, and Establishing a File Retention Policy

Kevin Henderson Growing a Practice, Law Practice Management, Maintaining a Practice, Starting a Practice

Practice Tips on File Retention and DestructionIntroduction  Although there is no rule that specifically lays out the requirements for client file retention and destruction, the Texas Disciplinary Rules of Professional Conduct and a few ethics opinions provide practice tips, as does common sense. Applicable Rules and Ethics Opinions  When establishing a file retention and destruction …

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Set Up Your Client Trust Accounts

Jennifer Karlsson Law Practice Management, Starting a Practice

How to Set Up Your Client Trust Accounts×Print PDF version Of This HOW TO GUIDE. Introduction The 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 …

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Become an Employer

Penny Robe Law Practice Management, Starting a Practice

Starting a Practice |Starting a PracticeBecome an EmployerWritten byPenny RobeJune 16, 2020Share this Post×Print PDF version Of This HOW TO GUIDE. Introduction It’s no mystery why many sole practitioners insist on doing everything themselves. Your business’ survival depends on hiring the right people. Finding the best employees can be tricky, and without the right systems in …

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Evaluate Your Office Leasing Needs

The LPM Department Law Practice Management, Starting a Practice

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 …

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Write and Implement a Law Office Business Plan

The LPM Department Law Practice Management, Starting a Practice

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 …

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

The LPM Department Law Practice Management, Starting a Practice

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 …

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 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 …

Set Billing Rates

The LPM Department Law Practice Management, Starting a Practice

Starting a Practice |Starting a PracticeSet Billing RatesWritten byThe LPM DepartmentJune 9, 2020Share this PostIntroduction 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 billing methods, it is crucial to know the …