Looking to Improve Your Law Practice?
Managing a successful law firm requires business strategy and organization. Find resources and information on areas you can improve your practice.
Check out the resources below, or schedule a confidential consultation with us.
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Be Proactive About Succession Planning
Life is unpredictable, so it’s important to have a succession plan in case unexpected events like disability or death prevent you from practicing law and managing the day-to-day operations of your law firm
While lawyers are not required to have a succession plan, they are strongly encouraged to do so. Planning ahead protects your clients and your family, and provides guidance to your staff in a time of uncertainty.
Designate an Assisting Attorney
Another lawyer should be designated to have the authority to review client files and make determinations as to which files need immediate attention.
Establish a Protocol for Notifying Clients
Determine who must notify the clients of your death or incapacitation. Reasonable efforts must be made to contact all clients and to request instructions.
Designate an Assisting Attorney for Trust Accounts
Allowing someone else access to the trust account is a serious matter. If the assisting person misappropriates funds, the lawyer or his/her estate may be held responsible.
Perform a Self-Audit
When was the last time you evaluated your business practices? Have you recently examined your confidentiality or security practices? What about your client communication procedures?
Take the time to go through the self-audit checklist and identify areas where there is room for improvement.
Law Firm Practice Guides and Forms
As your practice grows, you may find that you need to hire staff to help in day-to-day operations. But this is a major investment—you should aim to have gross receivables of at least $9,000 per month before you hire anyone.
You may also consider hiring a virtual reception service. For more, check out the Practice Management Discount Network.
Improve Your Cyber Security and Technology Practices
Members have a duty to maintain competent representation, which includes staying apprised of the benefits and risks associated with technology.
Email communication, electronic/cloud storage, and file sharing are useful tools, but with the increasing risk of ransomware and other malicious software, you need to make sure you are informed.
Find New Products and Services
Check out the Practice Management Discount Network for discounts on products and services you can use in your law firm.
Law Practice Division | Transforming a Law Practice with Technology
Acquiring a Practice
As your practice continues to grow, you may consider expanding your practice by acquiring an existing practice from another attorney and incorporating the book of business into your work.
When you are ready to get started, check out the WSBA Career Center for practices that are posted for sale.
You can also review ads in the latest issue of NWLawyer.