With every litigation both parties have the options of settlement or trial. One factor in deciding whether and on what terms to settle is how seriously the other side appears in its preparation to take the case to trial. A less prepared opposing party presents lower risks at trial and allows a more aggressive approach […]
Archive for the ‘Law Practice Management’ Category
Better to be underemployed than overemployed
There was a recent (April 18, 2017) opinion piece by David Leonhardt in the New York Times titled, “You’re Too Busy. You Need a ‘Shultz Hour.’” In it Leonhardt discusses the work of psychologist Amos Tversky on the importance of setting aside time each day to do strategic thinking about one’s job. He quotes Tversky, […]
How solo attorneys can work fewer hours, make more money, and have greater job satisfaction
When I talk to law students or young attorneys about law office management, I often show them the following formula as a method of getting them to think about structuring their practice: Income = hourly rate x hours billed per week x weeks worked per year x percentage of billing collected x (1-percentage of overhead) […]