December 11, 2007 | Law.com
Strategies to Enhance Cash Flow for the Benefit of Your Law FirmManaging partners, financial partners, members of executive committees and administrators must devote more of their time today to planning and managing their firms' finances. Consultant Joel Rose describes several aspects of law firm management and economics recommended to assist improving a firm's cash flow: a business plan; budgets for revenues, expenses and client advances; partner compensation; a recommended new business and billing committee; and partners' capital and borrowing.
By Joel A. Rose
11 minute read
May 10, 2011 | New Jersey Law Journal
Characteristics of Valued AdministratorsA skillful administrator, who is the right "fit" for a firm, is an indispensable asset
By Joel A. Rose
6 minute read
March 05, 2007 | Texas Lawyer
Choosing the Best Management Structure for a FirmThere is no "best" approach for structuring any given firm. One firm may fully accept and support an organizational concept that is rejected by another.
By Joel A. Rose
10 minute read
August 17, 2010 | The Legal Intelligencer
Show Me the MoneyThe complexities and uncertainties resulting from the recession that have intensified the competition among law firms to attract and retain clients, coupled with more productive and profitable partners, have created special financial problems for law firms, especially for those firms that are undercapitalized.
By Joel A. Rose
11 minute read
May 29, 2006 | New Jersey Law Journal
Conducting Client Satisfaction SurveysIn today's highly competitive legal market, attorneys must utilize every opportunity to insure their clients are satisfied. The client survey process may be imperfect � however, every bit of information about what a law firm may do to better serve its clients is important and worthy of consideration.
By Joel A. Rose
7 minute read
June 18, 2007 | The Legal Intelligencer
No Pain, With GainThe new challenge for law firms today is how to increase profits and reduce clients' legal fees. This article describes seven approaches for enhancing profitability other than by working more hours and charging higher hourly rates.
By Joel A. Rose
10 minute read
October 06, 2005 | The Legal Intelligencer
Formulating a Management Plan for Your Firm's SuccessIn theory, all partners are created equal, since, by dint of partnership status, they are accorded the same rights and privileges. In practice, however, this is simply not the case, since individual partners invariably have their own ideas about how to perform their jobs and exercise their authority.
By Joel A. Rose
7 minute read
May 05, 2011 | The Legal Intelligencer
Management Practices That Can Enhance Firm RevenueIf the proverbial financial "pie" is adequate, everyone shares accordingly, each in reasonable proportion to their effort expended in the firm's financial success, including the added benefits that accrue by being part of a group. However, if the "pie" is less than adequate to compensate partners in relation to their perceived and real contributions, many difficult issues have to be addressed.
By Joel A. Rose
9 minute read
August 05, 2002 | The Legal Intelligencer
Planning and Conducting Retreats for Law FirmsAs a member of the management committee, Roger Smith had a feeling that his law firm was in trouble.
By Joel A. Rose
10 minute read
March 08, 2011 | New Jersey Law Journal
The Law Firm Retreat: Not Just Rest and RelaxationA law firm retreat can be highly beneficial, as long as it is organized properly.
By Joel A. Rose
7 minute read
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