I had two interesting conversations this past week with two very different lawyers. One was the founding and managing partner of a firm with 85 lawyers spread across five states. The other is a newly minted partner in a two-man firm in a small town. They had very...
A few weeks ago I asked lawyers how they preferred to communicate with their clients. The overwhelming response was email. Which completely makes sense. It’s asynchronous, provides a written record, and can include attachments. But sometimes you do need to meet...
Back in 2013, I was the first person to notice students graduating from the top universities in the country were avoiding law school in droves. The LSAC usually updates this information around this time of year, so I keep an eye on their website to catch it....
A couple years ago I had a software client who liked to communicate with me in whatever method was most convenient for him. We met in person at my office first of course. But afterwards we did the usual sorts of communications lawyers have with their clients –...
Are you a hunter of a farmer? “Keith – I’m a lawyer, what are you even talking about?” In David Maister’s classic book, Managing the Professional Firm, he makes an observation that most professional firms fall into two categories:...
In my mind, depreciation has two meanings – the common sense definition most people know intuitively, and the financial accounting definition which dictates how costs of fixed assets are spread out over many years. Note – if you are CPA, feel free to call me out on...