Many law firm 401(k) retirement plans offer a self-directed brokerage account option. For those that do not, a simple request to the firm’s 401(k) provider can make this option available. The self-directed 401(k) provides potential advantages for small and mid-size law firms.
As Remote Lawyers Handle More Admin Tasks, Firms Discover Support Inefficiencies. More lawyers are taking a hands-on approach to more administrative matters, including time entry, opening new matters and case management as they continue to remotely work.
The abrupt pivot to remote working might mark the unofficial beginning of cloud-based tech’s dominance in solo practitioners’ and small law firms’ practices. And even as lawyers return back to the office, clients’ cybersecurity demands will only continue to spur accelerated cloud adoption…
It certainly didn’t take long for 2021 to get one foot out the door. Despite what felt like a never-ending winter for a good portion of the country when a polar vortex sat on it, we’ve made it to summer! Here at RJH Consulting, we know that it can feel like the year, and your goals are quickly slipping away…
I have been providing investment advice for law firm retirement plan participants since 1999. My experience leads me to conclude that legal professionals suffer from the same investment management dilemma that plagues my CPA, doctors’ group, and Fortune 500 company…
Learning how to manage a small law firm is often regarded as easier than learning to manage a larger law firm since there are fewer people, departments, and resources. Yet, this isn’t necessarily true. Law firm management for a small law firm is often more difficult because one person is…
The pandemic led to many managing attorneys taking a good, hard look at their law firm operations. Many law firms believed the only way to survive the pandemic was to cut pay and layoff their employees. For some, this type of cost control may have been necessary. What many legal industry…
Law360 (September 25, 2020, 6:01 PM EDT) — Furloughed law firm staff may have been hopeful that their employers would be able to bring them back after weathering the coronavirus pandemic, but many of them are now realizing that they are being laid off, and…
As personal injury consultants, we understand the realities that personal injury claims and lawsuits haven’t gone away, COVID-19 claims have emerged, courts are backed up, and that as a personal injury lawyer, you need strategies that better serve your prospective and active clients…
We asked Zola partners to share some of the trends they witnessed in 2020 and how they may affect the transition to cloud-based solutions. It’s safe to say that 2020 threw us all a curveball. Despite the hardships this year brought, the legal industry rose to the challenge, adapting operations and…