Legal Practice management – Survey of small law firm profit satisfaction

Law Firm Management, law firm profit

Legal practice management | Law Firm Profit | Small Law Firms Last month we ran a Linked In legal practice management survey asking the principals of small law firms ( in this survey a small law firm as a firm with 4 partners or less) what annual law firm profit they would be satisfied with, on a per principal basis. […]

FREE Webinar – Are You Ready to Grow Your Law Firm in the Easiest and Most Cost Effective Way?

FREE Webinar – Are You Ready to Grow Your Law Firm in the Easiest and Most Cost Effective Way? Join us for a FREE Live Webinar – March 14 If you run a smaller law firm and are ready to generate more quality fees of the type you want, from clients you like, register for this live webinar. This 30 […]

Legal Marketing to Your Existing Clients

Legal Marketing to Your Existing Clients If you want to grow your small law firm by legal marketing in an easy and inexpensive way, then I encourage you to read this article that I have just had published in the Canadian ” Profits for Partners” website as a guest blogger. The legal marketing  issues  really are the same all over […]

Study reveals law firm practice management needs to dramatically improve

Improvements to Law Firm Practice Management The ALPMA have the results of their 2011 annual benchmarking study of Australian law firms available on their website. The link is http://www.alpma.com.au/Research/benchmarking-survey if you would like to download it yourself. Law firm practice management is a key focus in profitability, working capital and overall law firm valuation. Profitability While I concentrate on small law firms, […]

How to Attract New Clients to Your Law FIrm

Attract new clients to your small legal practice While your practice may provide a range of services to clients, you probably have a particular type of work that you really enjoy doing. As well, you probably have a particular type of client that you enjoy working with. Imagine if you could develop a process to attract more of the work and […]

Valuation of law firm goodwill

Valuation of Law firm goodwill

Valuation of Law Firm Goodwill in Small Law Firms When selling  small law firms or a share of the equity in it, the question arises as to what is the goodwill of the practice worth? Talking with Ian Hyman the CEO of Hymans Valuers and Auctioneers, he indicates that he would normally use the future maintainable earnings of the law […]

What Buyers Are Looking For When Buying a Law Firm

What buyers are looking for when buying a law firm

Buying a Law Firm – Small Legal Practices Are you one of the many principals of small legal practices who will be looking to sell their practice in the next few years? If you understand what buyers are looking for, then you can make your practice more attractive to those buyers and potentially achieve a quicker and more lucrative result. […]

How You Can Increase Your Fees For Legal Matters

How You Can Increase Your Fees For Legal Matters One of the easiest ways to substantially lift the profitability of your legal practice is to increase your fees for legal matters you do. Now of course that comment sounds obvious, but with clients increasingly questioning fees in the current tough times how can you do it? The secret to being able to […]

Is poor law firm cash flow ruining your enjoyment of practicing law?

Poor Law Firm Cash Flow – Strategies for Improving Cash flow in Small Legal Practices The results of our 2011 survey of small legal practices listed poor law firm cash flow as the number one concern of principals of practices. Fortunately there are plenty of strategies that you can adopt to quickly improve cash flow in your practice. While it […]

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Small Law Firm Blog

How to price legal services to attract high quality referrals? This is part five of a series on the top five concerns lawyers have about getting referrals. To recap, I have just concluded a survey of small law firms where I asked then what their biggest concerns were in regard to getting referrals from people within their professional network. From […]

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Testimonials

Referral webinar testimonial- Peter Nevile – Nevile & Co Melbourne Vic “We had the firm’s marketing group watch Colin Ritchie’s Webinar. It was practical and helpful. Perhaps most of all it gave us the push we needed to refocus on our existing referral system.It also helps that it is not a significant cost factor for greater implementation. Like most firms […]

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