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Opportunities for law firms – All states

7 May 2020 by By Lawyers

Opportunities for law firms during the COVID-19 period

This time of reduced activity presents opportunities for law firms to find efficiencies, upskill staff and switch focus to diversify into other practice areas.

Despite the encouragement to self-help with the writings of such luminaries as Stephen Covey the one habit that remains rigid is the resistance to change. Covey’s advice is to work on the practice not just in the practice. This is an ideal time to do so.

Office organisation provides the basis of profitable and worry-free practice. Profit is not necessarily related to size or location or how busy a firm may be. Busy firms are often poor profit performers due to poor managerial practices. The more profitable firms simply better organise and manage their practices. This is achievable through the use of LEAP’s matter and accounts management software and By Lawyers Practice Management Guide and Office Policies, both uniquely suitable for handling matters remotely.

Accompanying work on office organisation is the opportunity to supplement the firm’s precedents, which are generally dependent on the personal knowledge and style of the practitioner and are often accessed from previously closed files or written anew each time. This practice can now be improved and supplemented with By Lawyers professionally drafted precedent packages ensuring complete subject matter coverage and consistency.

By Lawyers resources

By Lawyers have the resources to enable advantage to be taken of these opportunities for law firms. The By Lawyers precedents are presented in sequential order in a plan for the conduct of each matter from opening to closing each file from compliant disclosures and initial letters through all required documents to final letters. All of the precedents are contained within the LEAP software and have been automated with fields and codes.

To assist practitioners in the practice and law behind every precedent By Lawyers present a unique system of integrating research commentary with the precedents with outgoing links to legislation and case law when required. This system allows even the rustiest practitioner to successfully and compliantly navigate a less familiar area of law and satisfy the client by producing the desired outcomes on time. At present it is difficult to turn away any work simply because it might be outside a firm’s normal experience. All new work creates more new work. Witness the family law client that needs new wills and the sale and purchase of a home or a business purchaser who needs a company shareholders agreement or a partnership agreement.

By Lawyers daily keeps up to date with changes to law and practice removing this concern from then firm. Ideal for staff training, undertaking new work and being more productive By Lawyers guides are only available as a companion product to LEAP Legal Software and are perfect for those working from home or in the office.

Filed Under: Articles, Articles from the CEO, Australian Capital Territory, New South Wales, Northern Territory, Queensland, South Australia, Tasmania, Victoria, Western Australia Tagged With: growing a law firm, law firms, practice management

Practice management – The key to a successful law firm

10 October 2018 by By Lawyers

Our Practice Management guide has undergone a substantial review to better address the challenges facing small law firms now. We have tailored our Practice Management Guide to provide assistance for all firms, whether start-up, breakaway or well established.

Our Practice Management guide contains commentary on running a successful legal practice, covering the following main areas:

  • How to perform a Legal Practice Health Diagnostic Check – a very useful tool for identifying existing strengths and areas where the firm can improve, or as a check-list for start ups.
  • Business planning for a law firm – including a SWOT analysis and environmental scan.
  • Ethics and professional responsibility – crucial to establishing reputation and managing risk.
  • The solicitor/client relationship – how to value and manage client relationships.
  • The employer/employee relationship – all of the essential information required for a firm to become an employer of choice.
  • Practice management – the essentials of managing the work performed by law firms including, matter and data management, financial management and trust accounting.

The By Lawyers Practice Management guide also contains many helpful precedents, such as:

  • Example costs disclosures.
  • Example invoices.
  • An example mission statement for a law firm.
  • A risk management plan.
  • Employment forms – including an application for employment and a new employee check-list.
  • An example asset register.
  • Forms for conducting file reviews.
  • Document safe custody records.
  • An example law firm client satisfaction survey.

Also included in the guide is our Reference Manual – 101 Policies and Procedures which covers most aspects of running a legal practice. Firms can seamlessly implement these policies and procedures as their own with a view to later development and enhancement, or use them as the basis for refreshing and enhancing existing policies and procedures already in place.

The By Lawyers Practice Management Guide also includes helpful articles including The 11 habits of highly successful small law firms by the Global Executive Chairman of LEAP, Richard Hugo Hamman.

Filed Under: Federal, Practice Management, Publication Updates Tagged With: business management, growing a law firm, law firm, practice management

Grow your legal practice – NSW

2 October 2018 by By Lawyers

GROW YOUR LEGAL PRACTICE – PANEL DISCUSSION

There are many challenges facing today’s small law firms. Recently, LEAP have conducted a study with their clients, exploring the challenges commonly associated with running a small legal practice. This research reveals that in the first year of operations, 67% of firms complain of spending too much time on administrative tasks, 57% struggle with attracting new clients, 40% find it difficult to manage cashflow and 44% are not able to attain a healthy work-life balance.

On Thursday, 11th October LEAP are hosting a networking breakfast event in Sydney with the sole purpose of helping small law firms address these challenges. Our own editor Brad Watts will join a panel of experts, Rose Dravitzki (Clarence Chambers), Roxanne Hart (oLegal) and Youssef Maksisi (Maksisi Lawyers), to explore the topic of effective practice management.

During this interactive presentation, the panellists will draw on their many years of legal experience and share their personal stories of starting and managing their own practices. Attendees can look forward to engaging with the speakers and hopefully taking away some practical tips and strategies enabling them to differentiate, grow and enjoy their own practices.

Whether you are looking for new ways to grow your legal practice, need some new ideas for the management of your firm, or are simply curious to hear from others about the approaches taken to build and develop their practices, we invite you to attend this free event. We also encourage you to come with plenty of questions for the panel and make the most of the substantial amount of experience LEAP have collected together for this event.

REGISTER TODAY

For those unable to attend, the By Lawyers Practice Management Guide and the related Reference Manual 101 Policies & Procedures are always available to assist By Lawyers and LEAP subscribers with practice management ideas and issues.

 

Filed Under: New South Wales, Practice Management Tagged With: growing a law firm, panel discussion, practice management

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