In 2021, the hiring of lateral associates skyrocketed 148.5%, the largest year-over-year increase recorded, according to NALP. Likewise, Thomson Reuters warned that by November 2021, law firms were “edging dangerously close” to seeing almost a quarter of their associates leave. However, while firms have raised associate compensation to lure talent, many new lawyers are not as interested in big salaries as previous generations of new attorneys.
Profitable change: Solo, small firm attorneys see upsides to payment, firm administration changes during pandemic
Roughly half of all small firms reported in Thomson Reuters’ 2021 State of U.S. Small Law Firms study that they endured a moderate or significant struggle in getting paid by clients over the last two years. Many also expressed concerns about acquiring new business. But those firms that created a concentrated approach to addressing their payment challenges saw quick, positive results.Read More
Keeping the culture: New Lewis Wagner managing partner leads by example
Richard Blaiklock has never been one to shy away from hard work. The longtime business litigator will now take that attitude and work ethic into his new, three-year term as managing partner of Lewis Wagner LLP.Read More
New Plews Shadley Racher & Braun managing partner sees opportunities for boutique firm
Gregory Gotwald has been named the managing partner at Plews Shadley Racher & Braun. He is taking over when the world is lurching toward normalcy but times are still uncertain. Yet Gotwald said he is sure his firm will weather the changes just fine.Read More
Golden combo: At 2-year anniversary, Dentons Bingham Greenebaum ‘very, very happy’ with Project Golden Spike
With Project Golden Spike, Dentons Bingham Greenebaum is outperforming the market in the growth of its lawyer headcount. The firm launched the Golden Spike initiative in January 2020.Read More
Trisha Dudlo wants to have frank discussions. The 37-year-old is the new managing partner of Denton Bingham Greenebaum’s Evansville office and the first woman of color to hold that leadership position. Named the office chief in April, Dudlo is stepping into her role at the same time as she sees the legal profession rebuilding from the upheaval created by the pandemic and consequently having to do things “alarmingly different.”
How to choose the right clients as a solo practice or small firm? This is the million-dollar question. If every law firm owner could answer this question perfectly, every attorney would be a million-dollar partner at a law firm. Not choosing the right clients could be No. 1 at destroying your practice or firm. Surprisingly, the topic, “How to choose the right clients” is a discussion that is uncommon among lawyers.
Owning a business can be richly rewarding. Law firm owners can define the scope of their practice, pick a target market, set their own hours and enjoy the creativity involved in implementing a corporate vision. With technological advancements and a move to web-based work and communication in recent years, starting a law firm has become increasingly accessible for attorneys seeking the unique benefits of small business ownership.
One of the great aspects of practicing law is the wide variety of ways to make it happen. Whether you are in-house counsel, legal services, a big firm associate, prosecutor, public defender, government lawyer, judge or a solo practitioner, the ways we as lawyers ensure access to, and the delivery of, justice are myriad. Although there are many common elements to each form of practice, there are challenges and opportunities that are unique to each, and the solo or small firm lawyer holds a special place in this cohort of practice options.
When you are a small firm, you become fully familiar with each person in the office, including knowing and caring about each person’s family. As such, the first and most important decisions during COVID were to protect the health of our staff and their families.
A friend of mine owns a McDonald’s and has told me that McDonald’s requires its franchise owners to complete a training program called “Hamburger University.” He explained that Hamburger University teaches the franchise owner about the “system” of McDonald’s. In some ways, launching my own firm has been like what I imagined about “Hamburger University.”
A. Richard M. Blaiklock has been named managing partner of Lewis Wagner LLP, where he is credited with helping to create the firm’s business services practice group. In his new role, he will lead the executive committee, which leads the firm’s strategic initiatives.
If our goal is to create a more diverse and inclusive workplace, the focus cannot just be on hiring diverse attorneys. Law firms must also make concerted efforts in retaining their diverse attorneys.
Law firms completed 41 mergers in 2021. The total was up slightly from 40 in 2020, but well below the historical average of 55 mergers per year over the previous decade. Despite the slow down, Indiana’s legal community still saw some combinations take place during the pandemic.
When Clendening Johnson & Bohrer merged with Hehner & Associates on March 15, 2020, just days before the lockdown, it was unimaginable how the practice of law would change between then and now.
Robert Grand, who has led Barnes & Thornburg through seven years of consecutive growth including a nearly 40% increase in revenue, has announced he will be stepping down as the firm’s managing partner in November 2022.
Indianapolis lawyer Clayton Miller will be tasked with helping to implement the Indiana State Bar Association’s new strategic plan as president of the state bar, a position he’ll assume Oct. 15. Miller will also lead the bar through the ongoing challenges of the COVID-19 pandemic, and he wants to address other big-picture issues impacting Hoosier legal professionals.
Indiana law firms and legal nonprofits received nearly $200 million in Paycheck Protection Program loans, but managing partners said the money had a nuanced impact as the financial boost provided some peace of mind during a very uncertain time and helped keep their firms positioned to meet client demands.
In June, Florida became the most recent to join a growing list of states moving to cast aside long-held resistance and beginning to open the door to — if not completely welcome —nonlawyers co-owning legal practices. But Indiana is not yet following suit.
Littler Mendelson PC has named Alan L. McLaughlin regional office managing shareholder of the firm’s Indianapolis and San Diego offices.