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Category Archives: In The News

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Health Insurance – Supreme Court

Posted in Cash Flow - Finances, In The News
By a 6-3 vote, the U.S. Supreme Court validated the health insurance concept and Congressional intent to cover millions of people not previously covered. It’s fascinating, if not tragic, how politics continues to rule court decisions … the details of this individual case, I’m sure, will be played out in great detail in media today… Continue Reading

Managing teams of skilled professionals gathered on the fly

Posted in Cash Flow - Finances, Coaching, In The News, Services, Technology
Years ago, seeking to address an RFP (request for proposal) of a large prospective client, I assembled a team of skilled specialists. I was flattered that they all said “yes” to joining me, knowing only me and the prospective client. None of us, individually, could have met the client’s needs. We trusted one another enough… Continue Reading

This is Not the time to walk away from your client

Posted in Cash Flow - Finances, Coaching, In The News, Management, Personal Thoughts, Services
From 2000 to 2007, over 42,000 legal malpractice lawsuits were reported to liability (malpractice) insurers, according to the American Bar Association Standing Committee on Lawyers Professional Liability. This committee segregated 21 root causes of negligence across all practice areas. Only one such root cause accounted for over 10% of the total claims. “… This root… Continue Reading

Even Lawyers Can Be Taxed

Posted in Cash Flow - Finances, In The News
In 2009, the voters of the city of San Francisco approved proposition Q. The net effect of this initiative was to tax the payroll of partnerships, including lawyers, hedge fund managers and doctors. The California Supreme Court recently denied review of a lower court’s decision that this is a legitimate tax voted on by the… Continue Reading

Increasing price of legal services and technology as the antidote

Posted in Cash Flow - Finances, In The News, Management, Marketing, Technology
The number of new lawyers admitted to the bar was lower in 2014 than in 2013; in addition, law school admissions were considerably lower than in previous years. That suggests there will be fewer lawyers ready and able to fill the ranks of the Baby Boomers as they increasingly leave the practice. Prices to consumers… Continue Reading

The more things change, the more they stay the same.

Posted in Cash Flow - Finances, In The News, Management, Personal Thoughts, Technology
Just today, in reviewing materials preparatory to moving my office after 25 years at one location, I reviewed the June 6, 1983 issue of Time magazine. Two articles were of particular significance. One was the cover article about “…stress, seeking cures for modern anxieties…” The other was about education, “…have degree, will travel.” “The class… Continue Reading

Follow the Money … Act Based on the Evidence

Posted in Cash Flow - Finances, In The News, Management, Uncategorized
Jerry Maguire said “Follow the Money. A former labor union leader said “Follow the bank account, not the budget, to see how much money is really available to offer union members-employees. Why is it, then, that some politicians are attacking the Affordable Care Act, originally a Republican proposal, and many economists are saying there is… Continue Reading

Value of Human Assets vs. Value of Capital Assets

Posted in Cash Flow - Finances, In The News, Management, Personal Thoughts, Technology, Uncategorized
John Claassen, in a “guest column” in the February 4, 2015 edition of the Los Angeles Daily Journal entitled “PROTECT THE VALUE OF HUMAN ASSETS,” quoted Bill Gates’ opposition to increasing the federal minimum wage as follows: “If you raise the minimum wage, you are encouraging labor substitution, and you’re going to go buy machinery… Continue Reading

Service is still the name of the game

Posted in In The News, Management, Marketing, Personal Thoughts, Services, Technology
A New York consulting firm recently conducted a survey and found that eight of the top 10 companies that no longer provided extraordinary support for their products and services for technology companies. Companies like Samsung, Apple and others apparently are appealing to a younger audience that is not accustomed to having handholding as an element… Continue Reading

Another swing for the politicos

Posted in In The News, Management, Personal Thoughts
A member of the California State Legislature announced that he will ask for “…a financial and operational audit…” of the State Bar. In his press statement, the Assemblyman said he wants the State Auditor “…to investigate, study, analyze, and assess the financial practices and the performance” of the bar. The politician said “… “(m)andatory bar… Continue Reading

The Glass Must Be Half Empty

Posted in In The News, Personal Thoughts
Those who are worried about there being too many lawyers may have their wish come true.  The reports (LA Times, Dec 8) are that, for the first time in nearly a decade, the pass rate of the bar examination is less than 50%.  And, there are fewer candidates.  And law school enrollment is declining.  This… Continue Reading

You know what “… hits the fan”

Posted in In The News, Personal Thoughts
When an organization is arrogant and ignores the best interests of its members or customers, there will be no support for the organization in challenging times. The State Bar of California finds itself, once again, in a time of challenge with little support from its members, the attorneys of the state pay dues to keep… Continue Reading

In with the new, out with the old

Posted in In The News, Marketing, Personal Thoughts
When I first heard the news, I was surprised that Baker Hostleter accepted the assignment from the Republican Party to sue President Obama for allegedly overstepping the boundaries of Executive Power. Why? The first reason that came to mind was that such a high profile assignment would identify them as a Republican oriented law firm.… Continue Reading

LawBiz® Registry Offers Easy Way to Buy and Sell Law Practices

Posted in Articles, Books, Buying & Selling a Practice, Cash Flow - Finances, In The News, Press Releases, Technology
Lawyers from around the country continue to call me, asking for information on how to sell their practices. In response,we recently opened our LawBiz® Registry.  Visit the archives  for articles about buying and selling law practices and  other ways to monetize the goodwill that you have spent so many years to build. In addition, you may… Continue Reading

The police are never wrong!

Posted in In The News, Personal Thoughts
Perhaps, if we want to stay safe, we should listen to the advice of a police officer who said “… just do what I tell you to do.” In a recent  OpEd piece, Erwin Chemerinsky, noted legal scholar and Dean of the University of California, Irvine Law School, suggests that the police are, with rare… Continue Reading

Is the Bar Prosecutor Alleging Murder When Only Manslaughter Is Appropriate?

Posted in Articles, In The News, Management, Personal Thoughts, Uncategorized
“The state bar is overcharging its cases.” Thus started the commentary by Carol M Langford, in the newspaper, The Recorder, in San Francisco. Langford is a defense counsel and former chair of the State Bar’s Law Practice Management and Technology Section. She quotes the California Supreme Court to the effect that “bar matters are ‘quasi… Continue Reading

A global market reacts

Posted in In The News, Management, Personal Thoughts
As we begin to look at how the profession will change in 2015 and beyond, we must look at the Australian market. Here, large accounting firms are  adding major law practice components to their stable of professionals. In at least two instances, more than 100 lawyers were engaged by accounting firms. Multi-disciplinary connections are back… Continue Reading