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Latest news – American legal market insights; Guidance on crowdfunding risks; Salary rises likely in 2020

[Australasian Law Management Journal,Compliance & Risk Management,Finance & Accounting,General Management,Strategy & Leadership] January 18, 2020

US firms fare well, but headwinds looming A new report, the 2020 State of the Legal Market, provides a timely snapshot of legal practice trends in the biggest market of all, the United States. Produced by Thomson Reuters in conjunction with The Centre on Ethics and the Legal Profession at Georgetown University Law, it shows […]

How collaboration and contra can pay off for smart law firms

[Australasian Law Management Journal,General Management,Marketing & Business Development,People Management(HR)] January 13, 2020

A modern twist on contra deals, whereby knowledge-sharing and assisting other law firms becomes the norm, is a viable way for businesses to improve their bottom line and enhance innovation, writes Catherine Brooks. I recently went to my local hairdresser and begged her to fit me in for a last-minute appointment as I managed to […]

Creating the conscious law firm: What traditional law firms can learn from the conscious capitalism movement

[Australasian Law Management Journal,General Management,Marketing & Business Development,Strategy & Leadership] January 7, 2020

In the first part of a three-part series, Dr Christian Duperouzel examines the notion of conscious capitalism and explains why law firms need to integrate principles of conscious capitalism into their workings if they are to succeed in the new economy. This article will explore the ways in which the emerging conscious capitalism movement can […]

Q&A: Brendan Bateman – “I can tell you that our sustainability commitment is seen as a strategic part of the firm’s vision.”

[Australasian Law Management Journal,General Management,Marketing & Business Development,Strategy & Leadership,Uncategorized] December 26, 2019

In this Q&A, Brendan Bateman, co-chair of the Australian Legal Sector Alliance (AusLSA) and partner in the Environment & Planning Group at Clayton Utz, explains how law firms can start their sustainability journey; what issues are on the radar; and why business travel remains a headache for environmentally conscious law firms. You have a key […]

Latest news – Recruitment on agenda; Mind your language; Cyber smarts lacking

[Australasian Law Management Journal,Finance & Accounting,General Management,People Management(HR),Strategy & Leadership,Technology]

Companies, firms to expand legal teams There are promising signs on the legal recruitment front in the United States. According to staffing firm Robert Half’s State of Legal Hiring research, more than half of American-based lawyers (54 per cent) said their company or law firm will expand its legal team in the first half of […]

Lawyerless law – is that what this new decade holds?

[Australasian Law Management Journal,General Management,Marketing & Business Development,Strategy & Leadership,Technology] December 19, 2019

The rise and rise of technology companies such as Amazon, Uber and Airbnb has conditioned people to getting fast, efficient service with minimal human interaction – and law firms cannot ignore such trends if they hope to stay relevant in the future, writes Trish Carroll. Do you remember the high drama associated with ringing in […]

How cash-flow and liquidity problems can cruel even profitable firms

[Australasian Law Management Journal,Finance & Accounting,General Management,Strategy & Leadership] December 16, 2019

Liquidity means different things to different law firms, but the bottom line is that law firm managers and principals must be across myriad factors affecting cash-flow or face the prospect of quickly emerging financial problems, writes Rob Knowsley. There are many management challenges that confront small- to medium-sized law firms, and during my 45 years […]

Email faux pas – how to avoid and respond to message blunders

[Australasian Law Management Journal,Compliance & Risk Management,General Management,Technology] November 27, 2019

Most office staff use email every day, but the ubiquitous nature of this important work tool can lead to careless behaviour that threatens a firm and its clients if there are not protocols and procedures in place to minimise risks, writes Merinda Timpany. You have drafted the email, you’ve clicked ‘send’ and … OH NO! […]

Mastering the art of conversation a must for good leaders

[Australasian Law Management Journal,General Management,Marketing & Business Development,People Management(HR),Strategy & Leadership]

Engaging in quality conversations with team members can improve the performance of staff and the profitability of the firm, but remember that the types of conversations you have can vary dramatically depending on the particular person and their experience, writes Keegan Luiters. The scope of responsibility of leaders in law firms generally includes (and exceeds) […]

Latest news – Profit-growth fears for law firms; Small firms dream big on tech; In-house ethical conundrum

[Australasian Law Management Journal,Finance & Accounting,General Management,Marketing & Business Development,Strategy & Leadership,Uncategorized] November 18, 2019

Fall in business confidence hits profit-growth hopes The profit-growth expectations of Australian law firms have fallen, according to the 2019 CommBank Legal Market Pulse report. In its November report, CommBank notes that business confidence has dropped from its 2018 peak and, as part of their response, law firms are making a continued push into non-legal […]