How to Open a Profitable Law Office in the New Economy is a practical guide available for lawyers who are interested in learning more about opening a practice. Daniel M. Breen walks through the fundamentals of law office ownership in way that is both approachable and insightful. You will learn about the necessary building blocks of getting an office up, running, and making money.

The convergence of changes in the legal landscape - wider economic pressures, the growing implementation of legal technologies, the disrupting influence of alternative service providers and their competitive pricing offerings - mean that the corporatization of the law firm is well underway. The "business of law" is now more of a priority than ever before, with procurement and pricing professionals playing increasingly significant roles within firms and a growing focus towards the measurement and analysis of profit, rather than simply its generation, becoming apparent. With this becoming common practice, it is now essential for those at the helm of their firm's profitability to take a deep dive into its real fundamentals.The Future of Profitability Models and Analysis for Law Firms provides this kind of comprehensive exploration into the recent and revolutionary approaches firms are adopting in their pursuit of greater returns in this current period of renaissance for the law. Featuring contributions from field experts and thought leaders - including pricing directors, chief financial officers, and management consultants - combines trendspotting, exploratory intelligence with case studies and real-world examples of best practice to act as a launchpad for application and instruction.

The Great Recession intensified large law firms’ emphasis on financial performance, leading to claims that lawyers in these firms were now guided by business rather than professional values. Based on interviews with more than 250 partners in large firms, Mitt Regan and Lisa H. Rohrer suggest that the reality is much more complex. It is true that large firm hiring, promotion, compensation, and termination policies are more influenced by business considerations than ever before and that firms actively recruit profitable partners from other firms to replace those they regard as unproductive. At the same time, law firm partners continue to seek the non-financial rewards of being members of a distinct profession and are sensitive to whether their firms are committed to providing them. Regan and Rohrer argue that modern firms responding effectively to business demands while credibly affirming the importance of non-financial professional values can create strong cultures that enhance their ability to weather the storms of the modern legal market.

Have happier clients. Get better results. Make more money. You can have a more profitable and productive law practice by being a better manager of your clients, cases, and practice. When we are disorganized, we waste time and resources. Stop Putting Out Fires will give you ideas to have a more efficient practice, more effective relationships with your clients, and a more systematic approach for managing your caseload. If you want to be more productive, capture more of your billable time, and learn from the hard-earned lessons of others, Stop Putting Out Fires is a resource to aid you in that journey. At its core, Stop Putting Out Fires is about three things: 1. You having happier clients by better understanding your clients’ needs and establishing better relationships. 2. You getting better results through more effective case management and better litigation strategies. 3. You making more money, not by working more hours, but by working more efficiently, having set goals, and having a healthier practice.

Law firms today are undergoing a period of continued change and competition. Law firm leaders are faced with increased pressure to raise revenues despite growing competition and changing client demands. The slow pace of growth in the global economy has had an impact on law firms, and many continue to fight to remain profitable in the wake of the economic downturn. Additional factors, such as changing regulation in the UK which has opened up the legal industry to new entrants, and the focus on alternative fee arrangements and new pricing methods in both the UK and the US, can further the demands on law firms to compete and grow. As a result, law firm leaders are under pressure to find new and better ways to increase productivity and profitability. Targeting Profitability: Strategies to Improve Law Firm Performance is an expert guide on profitability strategies for law firms. This report brings together the views of respected experts on law firm profitability from both the UK and the US, and it outlines specific areas within a firm that can be targeted to introduce improvements, adapt processes and training, and as a result increase profitability. These experts share their views on what impacts profitability within a firm, and they provide advice and tips on what can be done to make improvements. A law firm's overall objective should be to meet changing client and market needs in a manner that is profitable, and this report sets out important steps law firm leaders can take in order to meet those objectives.