LawBiz® Blog

LawBiz® Blog

Your Practical Guide to Profit ™.

Tag Archives: Selling

Succession is uppermost in the minds of majority of lawyers

Posted in Management
More than 23% of the Washington State Bar Association, a mandatory bar, are 60 years or older. Several years ago, the American Bar Association, a voluntary bar, estimated that 400,000 lawyers would retire in the next 10 years.  For the ABA, that’s equal to its entire membership. And that’s equal to about 40% of all [&hellip… Continue Reading

Twitter and money – an oxymoron?

Posted in Technology
Can you imagine that Twitter, WITHOUT any revenue stream, is valued at $1Billion! Wow. Not many employees and no revenue stream … and no prospects in sight to get revenue. Just think what your law firm, with a decent revenue stream, might be worth? What is the difference? And why isn’t your firm worth $… Continue Reading

Can you afford to retire?

Posted in Cash Flow - Finances, Management
While the economic crisis is being felt by nearly every segment of the working population, one group of workers is faced with particularly tough decisions regarding their futures. Law firms need to be prepared to assist them in making a transition during challenging times. Six-in-ten workers (60 percent) over the age of 60 say they are [&hellip… Continue Reading