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From Accounting and Financial Planning for Law Firms, September 2012 The recent collapse of Dewey LeBoeuf has highlighted the importance of pre-merger due diligence.  While I was not involved in the merger of the two firms, I did consult to [...]

From Accounting and Financial Planning for Law Firms, May 2013 Recently, while speaking with a new client, the question of “How do we evaluate our partners” came up. The participating event was a mediocre 2012 which produced a diminished profit [...]

From ABA Law Practice Management Journal, June 2010 As a young boy growing up my mother’s father lived with us.  A vigorous man in his late 70’s he was renowned in our neighborhood for the garden he cultivated (whose bounty [...]

Jim McCann, the former Managing Shareholder of Abel, Bennett & Comings Inc. walked through the double wood doors of his new law firm, Xavier, Young & Zacharias LLP,  one week after “turning the lights out” at his old firm.  It [...]

How had it all gone so horribly wrong?  That was the question that Jim McCann, the Managing Shareholder of Abel, Bennett & Comings Inc. kept asking himself as he watched his office being packed up.  The numerous reminders of his [...]

From Accounting And Financial Planning For Law Firms 12/2013 -- Almost 30 years ago when I began my career consulting to law firms, the then managing partner of Donovan Leisure Newton & Irving used that term to refer to the months [...]

From Accounting And Financial Planning For Law Firms January 2013 --Several years ago, I worked with ALM Research to develop a survey of outsourcing trends within the legal profession.  When the survey was first conducted (2006) the outsourcing of administrative functions [...]

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From Accounting And Financial Planning For Law Firms December 2011 -- “If you do what you have always done, you’ll get what you’ve always gotten!” That very famous quote from Anthony Robbins describes in a sentence the results of the [...]

From Accounting And Financial Planning For Law Firms July 2011 --Months ago, when you and a few hand-picked colleagues realized your dream of independence by starting your own law firm, you vowed that you’d never repeat the mistakes made by [...]