By Brenda A. Barnes People often define integrity as doing the right thing even when no one else is around. It is the ability to act with honesty and be consistent in whatever it is you are doing based on the particular moral value or belief compass you have. Browse...

The American Bar Association Model Rules of Professional Conduct, Rule 1.5 states that a lawyer has a fiduciary obligation to safeguard trust property by segregating it from the lawyer’s own property. It further states that there should be no appearance of impropriety. Rule 1.15 specifically requires the lawyer to preserve...

Watch the interview with Brenda Barnes, Business Development Director, and Kasey Ward, Team Leader, B2 Billing Group. Learn how B2 serves their clients via value-added billing services born from pivoting through the pandemic and allowing them to help large law firms across the United States while building their Legal Billing...

Unless you are a contingency or personal injury practice, every law firm has to bill its clients. Most clients bill their clients hourly and bill once per month, and the process is time consuming. However, all law firms should have the best practice management system in their corner, and what makes your...

In 2021, law firms saw a return to overall high levels of revenue growth that we have not seen since 2007. (Citi Private Bank 2022) Certainly, the pandemic changed the way firms orchestrated client work and how lawyers conducted business. With the increase in demand, there is an increase in...

It goes without saying that small businesses are more susceptible to embezzlement, but companies of all sizes can be just as vulnerable if the appropriate levels of internal controls are not in place. Here are some of the headlines from a weekly newsletter – Fraudulent Friday by Coleman. Bookkeepers Embezzle Over...

It’s probably not a big surprise that if your firm does not have sound billing and collection practices, your cash flow will suffer. It also probably goes without saying that when cash flow suffers so does partner compensation. How can you tighten this up? First and foremost, you need to...

Woody Allen’s famous quip, “I don’t want to achieve immortality through my work. I want to achieve it through not dying,” perfectly expresses the kind of wishful thinking that often gets in the way of preparing for the future. A huge wave of baby boomers has been pushing through the...

Well-Developed Compensation Policies and Pay-Plans for Lawyers How to slice up the compensation pie has long been a problem for many law firms. The first question you may ask yourself is whether you have a well-developed compensation plan for your firm. After the announcement by Big Law that entry-level associates...