Legal Management Magazine
Legal Management reports on topics within ALA’s five knowledge areas: Legal Industry/Business Management; Human Resources Management; Financial Management; Communications and Organizational Management; and Operations Management.
March 2018: On the Cover
6 integrations areas to prioritize during a law firm merger
As law firms contemplate their future in today’s modern practice, many are turning to mergers to bolster their success. Per Altman Weil MergerLine, 2017 saw 102 law firm merger announcements, the highest number in MergerLine’s 11-year history. Further, since 2000, almost 70 percent of Am Law firms have engaged in some kind of merger, according to a 2017 report from ALM Intelligence. While law firm mergers have recently become more prevalent, they are not successful by default. Post-merger, part of the strategy must focus on seamless integration of the two firms, including fostering the new firm’s culture, developing effective communication strategies, and meshing administrative functions. This article discusses six areas firms should focus on as they integrate to achieve a more successful merger. Read article.
Global Legal Hackathon Comes to ALA Headquarters
Three days, long hours, fair amounts of coffee and lots of brainstorming and legal camaraderie set the stage for the Global Legal Hackathon’s stop in Chicago, February 23–25. Hackers converged on ALA headquarters to use their collective skills to home in on one problem facing the industry. Read more.
CE Course: How to Ethically Oversee Trust Accounts
This CE course will provide an overview of what your firm needs to know about the trust accounting process.
Guided by the American Bar Association (ABA) Model Rules, this overview outlines proper processes, recordkeeping and internal controls that involve law office personnel and trust accounts. Since lawyers are licensed by the individual states, they are required to follow the rules of the state in which they are licensed, including those rules that apply to the use of trust accounts. Read more.
Having difficult conversations with problematic employees is never easy — but these conversations need to happen. Here are tips to get you through them.
Your law firm staff is excellent, save for one or two bad apples in the bunch. Maybe they come into the office with a bad attitude, bully their colleagues, spread lies and start trouble at every opportunity. This kind of behavior can create a toxic environment and lead to a plethora of problems. The great employees might quit, your law firm can gain a bad reputation and productivity may suffer. Read more.
Critical Security for Multifunction Devices and Beyond
Thinking Out Cloud
Going to the Cloud ... Are We There Yet?
Test Driving the Fitbit Ionic Smartwatch
Earn CE Credit
Members and nonmembers can read the article, then log in to take a test (members pay $49; nonmembers pay $69). If you pass with at least 70 percent, you will earn one CE credit hour. The goal is to help CLMs get the credits they need for recertification, but it will also count toward SHRM, HRCI or CPE credit.