Running the firm

Doxly launches new insights, closing books features

November 21, 2016
Olivia Covington
Legal tech startup Doxly Inc., an attorney-run company aimed at digitizing the process of closing legal transactions, has launched a new suite of software features designed to enhance attorneys’ abilities to track and archive deals.
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Making Rain: Using an Ouija board or financial statements to plan marketing

November 16, 2016
Dona Stohler
Although the Ouija board might be more fun, you will probably make better business decisions by asking your accounting department to reorganize your expenses and revenue to give you a picture even the Great Ouija couldn’t conjure.
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Women attorneys frustrated compensation gap still wide

November 2, 2016
Marilyn Odendahl
For the most part, women leaders in Indiana’s legal profession are not surprised that female attorneys earn less than their male counterparts. What does shock them is how much less they are making.
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Getting down to the business of lawyering

October 19, 2016
Marilyn Odendahl
Evansville attorney David G. Harris is such a fan of the Lawyerist that he was the main driver behind getting the Evansville Bar Association to invite the website's founder and editor-in-chief Sam Glover to speak. The Minneapolis attorney-writer will be in the southern Indiana city Oct. 27 to make a presentation about practicing law and lead attorneys through a four-step process to secure information on their laptops.
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ISBA House of Delegates rejects proposal for non-lawyer ownership of law firms

October 5, 2016
Olivia Covington
After a 30-minute discussion about the potential ramifications of a recommendation to allow non-lawyers to hold equity investments in law firms, the Indiana State Bar Association House of Delegates overwhelming voted against the recommendation at its meeting Sept. 30.
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Avvo, LegalZoom execs tell ISBA legal services delivery must change

October 5, 2016
Dave Stafford
LegalZoom Chief Executive Officer John Suh told a gathering of Indiana lawyers Sept. 29 that solo and small firms whose practices in many cases have struggled for decades may be facing existential challenges, but they shouldn’t blame the internet.
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ISBA House of Delegates rejects non-lawyer equity investments

September 30, 2016
Olivia Covington
The Indiana State Bar Association House of Delegates on Friday overwhelmingly rejected a recommendation to allow non-lawyer equity investments in law firms, saying that the issue needed further study.
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Indianapolis attorney named managing partner at Faegre Baker Daniels

September 28, 2016
IBJ Staff
Faegre Baker Daniels LLP has named longtime Indianapolis attorney Tom Froehle as chairman and managing partner of the international law firm, it announced Wednesday.
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Indy legal-tech firm secures $2.2 million for seed round

September 19, 2016
Jared Council, IBJ Staff
Doxly Inc., the legal-software company launched by Indianapolis-based venture studio High Alpha earlier this year, announced Monday that it notched $2.2 million in equity capital and signed the world's largest law firm as a client.
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Departing the partner track

August 24, 2016
Dave Stafford
Law firms are looking for talent and signing up attorneys who fit clients’ needs in flexible arrangements that eschew the traditional associate-to-partner model. The trend addresses the firms’ needs to contain costs and the desire of many lawyers for more work-life balance.
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Taft names new partner-in-charge for Indy office

August 17, 2016
Scott Olson, IBJ Staff
Taft Stettinius & Hollister LLP has a new partner-in-charge of its Indianapolis office, prompted by his predecessor’s promotion to lead the entire law firm.
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Technology lets lawyers pursue practices with no need to hit ‘print’

August 10, 2016
Dave Stafford
The paperless office has been an aspirational goal for many businesses including law firms for years. Advocates point to studies that say going paperless can increase efficiency by 25 to 50 percent and slash a law firm’s budget for paper, printers, printer cartridges and other traditional paperbound office supplies.
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Attorneys feel at home with virtual practices

May 18, 2016
Scott Roberts
Lawyers like Kenneth Riggins use virtual practices to reduce their overhead, while technology allows them to practice from anywhere. Many arrange to have access to office space they can use when they need it.
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Long-distance depositions

May 18, 2016
Dave Stafford
Technological advances in teleconferencing are making video depositions a more viable option to control litigation costs, but lawyers say in some cases there's no substitute for in-person questioning.
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Fee shifts an issue for court reporters

May 4, 2016
Marilyn Odendahl
In certain situations, Tom Richardson will watch two attorneys in a deposition and will know one is going to get stuck with a bigger bill for the same service.
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Hicks to be next firm-wide managing partner at Taft

March 9, 2016
IL Staff
Indianapolis partner Robert J. Hicks will be the next firm-wide managing partner at Taft Stettinius & Hollister LLP, the firm announced Tuesday.
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2040 vision: Lawyers look at the future

December 30, 2015
Marilyn Odendahl
As part of Indiana Lawyer’s commemoration of its silver anniversary this year, we asked a varied group of attorneys to look ahead to the year 2040. They outlined what they thought the profession would be like, how they hoped the profession would change, and what they did not want the profession to become.
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Henderson: Survey reveals signs of fundamental change in the legal profession

December 2, 2015
Marilyn Odendahl
The traditional career path for Indiana attorneys – graduate from law school, become an associate in a law firm, work long hours and eventually become a partner – appears to be broken, or at least cracked.
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Survey: Attorney social media use largely governed by personal responsibility

December 2, 2015
Dave Stafford
By a more than 2-to-1 margin, attorneys who responded to the IL survey said their organization encourages them to promote themselves and their firm or organization, compared to those who said their organization discourages social media.
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Focus for law firms: Clients, clients, clients

December 2, 2015
Dave Stafford
Law firms large and small face similar challenges – keeping costs down and quality high while also finding ways to sustain and grow the business.
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Survey: Succession planning a top concern for organizations

December 2, 2015
Marilyn Odendahl
Thirty-eighty percent of the respondents to the Indiana Lawyer’s 2015 Practicing Law in Indiana survey listed transition or succession planning as the greatest challenge to their organization’s viability. Only the issue of managing costs while protecting quality of service topped this concern, which 42 percent found to be the greatest challenge.
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Protecting Your Practice: Avoid problematic fee agreements

December 2, 2015
Neal Bowling, Dina Cox
It is crucial to have a clear, written agreement with your client explaining not just the scope of your services, but how you will be paid for those services. Be careful that you don’t run afoul of your professional obligations in that fee agreement or in your billing.
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Figuring out flat fees

November 4, 2015
Dave Stafford
A recent Indiana State Bar Association Legal Ethics Committee opinion says lawyers who charge clients flat fees considered earned on receipt shouldn’t deposit the fees in their Interest on Lawyer Trust Account, but should put the money in the firm’s operating account. Some lawyers aren’t convinced this makes sense.
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Indianapolis Mass Ave. firm splits

September 23, 2015
Marilyn Odendahl
Although the law firm of Price Waicukauski & Riley has split, the plaintiff’s lawyers, who have successfully handled complex litigation and large class actions, say the separation is amicable and their respective practices will continue.
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Survey reveals managing partners’ economic mood is muted

July 28, 2015
 Bloomberg News
Managing partners at the end of 2014 expressed renewed economic confidence. The mood seems less rosy now, according to the latest survey by the Law Firm Group at Citi Private Bank.
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