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Law firms often make easy targets for ransomware attacks.
The primary reason is that firms are late to the security game. Criminals target firms with ransomware because they have low security, very sensitive data, and will pay to keep it.
The owners of law firms may consider merger options as part of their succession planning.
While periodically reviewing merger options can be an effective part of long-range strategic plans, it’s important that firms do not rely on mergers as a life raft. Instead, mergers should incorporate a well-thought business strategy and create greater client value.
Many attorneys spend their time and resources focusing on getting more leads but fail to realize that what they do with those leads is just as important as generating them.
The ISBA’s whitepaper on managing leads and converting prospects into paying clients highlights four major components of improving conversion rates, which include training for your front office and intake staff; specific tactics and strategies to maximize conversion at each stage; an intake customer relationship management software; and tracking and measuring key metrics.
The Illinois State Bar Association’s Lawyer Finder Service provides referrals to local lawyers Mondays through Fridays. The Service makes referrals in a number of areas of law. For the month of June 2019 there were more than 800 referrals given.
Here are the results for June 2019:
While retirement is usually planned, the sudden death or disability of an attorney requires contingency planning.
It’s especially important for private-practice attorneys to designate a representative on their ARDC registration documents or certify that they have made a similar designation in a succession plan or comparable agreement. The representative would be able to take limited fiduciary action if the designating attorney loses the capacity to run his or her firm, abandons the practice, or dies, thus preventing the negligence of client matters.
The Illinois State Bar Association’s Lawyer Finder Service provides referrals to local lawyers Mondays through Fridays. The Service makes referrals in a number of areas of law. For the month of May 2019 there were more than 800 referrals given.
Here are the results for May 2019:
The age-old idiom “hope for the best and prepare for the worst” can be applied to assessing risks to a law firm.
To plan for recovery, attorneys should understand what risks threaten their practice, and how to determine their potential impact in order to mitigate risks.
The Illinois State Bar Association’s Lawyer Finder Service provides referrals to local lawyers Mondays through Fridays. The Service makes referrals in a number of areas of law. For the month of April 2019 there were more than 1,000 referrals given.
Here are the results for April 2019:
In the digital age, technology is the cornerstone of any law firm.
With a myriad of options on the table, it’s important to ensure that you don’t forget anything when opening a new practice.
The Illinois State Bar Association’s Lawyer Finder Service provides referrals to local lawyers Mondays through Fridays. The Service makes referrals in a number of areas of law. For the month of March 2019 there were more than 800 referrals given.
Here are the results for March 2019: