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.

February: On the Cover

The Risk of Idolizing False Profits
This CE course will outline how modern law firm leaders are adapting to the changing times to become healthy, client-focus businesses.

In the days past, providing quality legal services was not only the best marketing tactic — it was a can't-miss opportunity to earn a handsome living. By contrast, the delivery of legal services today requires an astute understanding of finance and economics, pricing acumen, a marketing and business development mindset, and a deep understanding of market needs. In this CE course by Timothy Corcoran, we'll link these concepts together and discuss how modern law firm leaders are adapting to the changing times to build strong, successful, client-focused businesses. Read the course, pass the 10-question exam and earn one credit hour. 

 
Features

lm-feb2019Beyond the Billable Hour

Since the last recession, the law industry has faced a major challenge: people can’t afford attorneys anymore. Coupled with emerging technologies and nontraditional competition, this has forced the law industry to look at how it bills clients, and, specifically, the tradition of billing by the hour. Read more.

 

Columns

Big Ideas
A Message from ALA's Executive Director Oliver Yandle: Realigning Our Structure: An Inside Look at the Proposed Bylaw Changes 

BP Perspective
How Legal Document Management Can Increase Your Firm's ROI

Innovations
Storytelling and the Law Firm: How It Benefits Your Firm 

Marketing Matters
5 Business Development Basics for Associates 

Test Drive
The Pros and Cons of Facebook Portal 

Departments

Tips and Trends
How Do We Prepare to Pass the Baton? Mentoring Leading to Successful Succession Planning

ALA Now

ALA Faces
Member and Chapter News

At ALA
What’s Happening at Headquarters?

Advertising Index
Inavero    Konica Minolta  •  LawPay  •  Samford University  •  Zola Suite

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. 

  • Click here to read “The Risk of Idolizing False Profits“ and earn one credit hour in financial management.
  • Click here to read “Responding to Requests for Proposals: Time, Money, People and the Law“ and earn one credit hour in writing skills.
  • Click here to read “How to Ethically Oversee Trust Accounts,” and to earn one credit hour in financial management.
  • Click here to read “Confronting Addiction in the Law Firm,” and to earn one credit hour in substance abuse.
  • Click here to read “The Ever Evolving World of Legal Ethics,” and to earn one credit hour in ethics.