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The difference between a profession and a business is paramount. While higher education and passing the bar exam are prerequisites for becoming an attorney, there are no prerequisites for learning how to run a law practice. Yet, there should be. Despite the high achievement of attaining a law...

For most businesses, profit is simply revenue minus expenses. In the law profession where the commodity being sold is time and knowledge and not actual products, economics gets somewhat trickier. It is also something rarely, if ever, taught in law school. However, for your law firm to succeed, you...

A law firm is first and foremost a business; and in order to succeed and grow, partners must view, operate and manage it like a business.  Gathering and analyzing law firm business data is often overlooked, but by measuring the right metrics, inefficiencies can be identified and improved, leading...