No, we are not economists from Yale but we have seen profitability for many law firms. It is imperative that accurate information and statistics are used to determine profitability splits. This is particularly true when an unknown is added to the firm.
We often hear, “Our gross receipts are going up and we are growing,
DLCCS Blog
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While BigLaw Maneuvers Complicated Office Returns, California’s Small Firms Navigate the Transition With Ease
As more Americans get vaccinated against COVID-19 and employers consider plans for phasing their work forces back into the office, members of the legal community have been watching BigLaw firms’ every move toward pre-pandemic operations. Who will have to come back in, and how often? Will they keep their existing office space, or renegotiate their…
As Pandemic Wears On,California’s Small Law Firms Pivot from Quick Fixes to Long-Term Management Solutions
As the pandemic wears on with no clear end in sight, California small and solo practitioners are realizing that quick adjustments are wearing out, and more long-term changes will be required to sustain their law practices.
Some of those pivots, though, have long been on the horizon in the notoriously change-reluctant legal industry. Diane Camacho,…
Trust Accounting 101
I will not be quoting rules and citing case law. The purpose of this article is to give best practices for managing Client Trust Accounts in California Law Firms. We have found in our work that law firms sometimes need guidance on trust account management. Firms do not intentionally mishandle trust money, but sometimes they…
Solo and Small Firm Attorneys: What Are You Talking About?
DLCCS had the pleasure of exhibiting at the Contra Costa County Bar Association’s 25th Annual MCLE Spectacular in November. I attended the “So, You Want to Open Your Own Law Office?” roundtable sponsored by the CCCBA’s Solo and Small Firm Section.
This is what they were talking about:
Office Location
- If, as a solo, you are
…
Down & Dirty Security for Small Law Firms
No Questions, No Answers, Just Smart Business Practices In The Age Of Cyber Theft And Ransom
We are all subject to cyber crimes. It doesn’t matter what size law firm you have. According to a security blog HashedOut, more than 22% of ransomeware attacks in Q1 2019 targeted professional services organizations (CPAs & Law Firms). …
Private Offices, Collaboration Spaces or Working Remotely
What do Attorney’s Expect from their law firms?
The way law firms and lawyers are using their space has transformed because of remote access, physical space functionality, and space leasing costs. Law firm office space should be well thought out. Not one size fits all but there are some common aspects that firms both small…
Budgeting for Solo and Small Law Firms
Budgeting for solo and small law firms is an important management task. It’s easy for solos and small firms to be less-than-formal when starting a new firm, or moving forward once already established, to put a budget on the back burner when the focus is on trying to build up a client base, tending to…
Budgeting for Solo and Small Law Firms
Budgeting for solo and small law firms is an important management task. It’s easy for solos and small firms to be less-than-formal when starting a new firm, or moving forward once already established, to put a budget on the back burner when the focus is on trying to build up a client base, tending to…
The Legal Software Tsunami
Originally published in Contra Costa Lawyer Magazine, July 2019 Issue
Excerpt:
Where We Stand…
There has been a deluge of legal, cloud-based software over the past five years. Lawyers are becoming comfortable with cloud computing, understand more about cloud security and appreciate the benefits of true mobility. Subscription-based models also make most software affordable and…