Are You a Satiable or Insatiable Lawyer?

Are You a Satiable or Insatiable Lawyer?

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...
Where Do Lawyers Prefer To Meet With Clients?

Where Do Lawyers Prefer To Meet With Clients?

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...
Law Firm Hunters or Farmers?

Law Firm Hunters or Farmers?

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:...
Accounting 101: What is Depreciation?

Accounting 101: What is Depreciation?

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...