INR-Circle Legal Think Tank’s Post

An interesting read on motivations in the legal industry: Some seasoned litigators from prestigious Big Law firms are shifting their focus towards plaintiffs' law, driven by a desire for more meaningful and impactful work. This transition reflects a deeper motivation to represent individuals and tackle cases that resonate on a personal level. The allure of plaintiffs' law is not just in its potential for substantial financial rewards but also in the entrepreneurial and proactive nature of the work. This change is further influenced by evolving public perceptions, which now view plaintiffs' lawyers in a more positive light, thanks in part to their portrayal in popular media. #LegalTrends #CareerShift #PlaintiffsLaw #LegalImpact #LawyersForJustice https://lnkd.in/e2YQmW7S

An interesting read on motivations in the legal industry: Some seasoned litigators from prestigious Big Law firms are shifting their focus towards plaintiffs' law, driven by a desire for more meaningful and impactful work. This transition reflects a deeper motivation to represent individuals and tackle cases that resonate on a personal level. The allure of plaintiffs' law is not just in its potential for substantial financial rewards but also in the entrepreneurial and proactive nature of the work. This change is further influenced by evolving public perceptions, which now view plaintiffs' lawyers in a more positive light, thanks in part to their portrayal in popular media. #LegalTrends #CareerShift #PlaintiffsLaw #LegalImpact #LawyersForJustice https://lnkd.in/eV-hVNjc

An interesting read on motivations in the legal industry: Some seasoned litigators from prestigious Big Law firms are shifting their focus towards plaintiffs' law, driven by a desire for more meaningful and impactful work. This transition reflects a deeper motivation to represent individuals and tackle cases that resonate on a personal level. The allure of plaintiffs' law is not just in its potential for substantial financial rewards but also in the entrepreneurial and proactive nature of the work. This change is further influenced by evolving public perceptions, which now view plaintiffs' lawyers in a more positive light, thanks in part to their portrayal in popular media. #LegalTrends #CareerShift #PlaintiffsLaw #LegalImpact #LawyersForJustice https://lnkd.in/eV-hVNjc

An interesting read on motivations in the legal industry: Some seasoned litigators from prestigious Big Law firms are shifting their focus towards plaintiffs' law, driven by a desire for more meaningful and impactful work. This transition reflects a deeper motivation to represent individuals and tackle cases that resonate on a personal level. The allure of plaintiffs' law is not just in its potential for substantial financial rewards but also in the entrepreneurial and proactive nature of the work. This change is further influenced by evolving public perceptions, which now view plaintiffs' lawyers in a more positive light, thanks in part to their portrayal in popular media. #LegalTrends #CareerShift #PlaintiffsLaw #LegalImpact #LawyersForJustice https://lnkd.in/eV-hVNjc

If I asked you the number 1 indicator of how financially successful a solo/small law firm is, you’d probably say something about the quality of their legal services or how often they win cases. And you’d be wrong. Now that might be the case in larger law firms, where corporate legal departments often hire firms based on name recognition. But not with smaller firms. So what is it then? The quality of their client experience. If you think about it, it makes sense. A good client experience leads to a happy client, even if the result wasn’t what they had hoped. In fact, a client may be happier after a loss where the client experience was good than after a win with a crappy client experience. Happy clients are more likely to: 1) pay on time and without complaint 2) come back for additional legal work 3) refer others All things firms want and that can directly impact the firm’s bottom line. The funny is that most small firms give this short change. They say they understand the importance of the client experience, yet if you ask a majority of their clients they will say that working with the firm was no better than a 5 out of 10. The good news is that it means the bar is low when it comes to distinguishing your client experience from that of other small firms. Just incremental improvements to your practice can vault you to the top in your clients’ eyes. What is one thing you can do today that will make your clients’ experience working with your firm better? #LawPractice #ClientExperience #FinancialSuccess #HappyClients #NML

“Legal service is a business; run it that way” has been my mantra forever. This is my hill and I’ve been dead up here for years. Still, it’s fair warning that if you’re not taking care of your law firm’s business, you’ll soon find yourself out of it.   https://lnkd.in/ggm6MFcR #legalmarketstrategy #lawfirms #failures

'Law firm leaders believe associates are “less loyal”' 🙏- really? I saw 👀 this and had a quick look at the calendar 📆 to make sure we weren't at 1 April 😱 still. Make people redundant because PEP figures aren't where they should be and that is okay, associates leave for whatever reason and "they are not loyal". I'll leave you to decide. https://loom.ly/uH4VL-I #auslaw #legal #lawfirmstrategy #readfirstlegal

Lesson #2 Learned in 2023: Trust Transfer Works. In the Top 3 Lessons Learned in 2023, Senior Attorney Match’s Jeremy E. Poock, Esq. shares the following as Lesson #2: Trust Transfer Works. As Poock explains, “[W]hen our clients join Growing Law Firms, what we call the ‘Flux Capacitor’ of the sale of Senior Attorney led practices is that Senior Attorneys are transferring the trust of their clients to the lawyers at the law firms that they join.” Poock also shares the following benefits derived from Trust Transfer: “In terms of the benefits that the Trust Transfer offers to our clients, first of all, there is a financial benefit because the terms of the deals are typically based upon Senior Attorneys being paid a percentage of revenues that comes in from their client base. But, beyond that, in terms of the quality of life benefits, I'm just going to show here, really, a compare and contrast . . . When our clients originally come to us, they're often saying that their clients only want to meet with the Senior Attorney. The clients trust the Senior Attorney. They know the Senior Attorney. They only want to work with the Senior Attorney. Instead What we are consistently seeing is that Trust Transfer works because the Senior Attorney is able to transfer that trust to other lawyers at the firms that they join, and they find out that if the clients are going to be working with competent attorneys that have the same level of experience, or even almost the same level of experience as the Senior Attorney has, and the Senior Attorney is still available by e-mail, by jumping onto a Zoom meeting, by jumping on to a phone call, that Trust Transfer really works to the great benefit of Senior Attorneys.” Watch here: https://lnkd.in/evPRtNqy Link to subscribe to The Law Firm Seller YouTube Channel: https://lnkd.in/e23R_fzE #lawyers #trialattorneys #lawfirms #successionplanning #attorneys #justice #Legal #Legalmarketing #attorney #legalnews

Which is America's largest law firm in 2024? As we navigate the evolving landscape of the legal industry, it’s essential to stay informed about the leading players. Here are the top 10 largest law firms in the United States by headcount for 2024: Kirkland & Ellis: 3,043 U.S. attorneys Latham & Watkins: 2,614 U.S. attorneys Greenberg Traurig: 2,155 U.S. attorneys Holland & Knight: 2,035 U.S. attorneys Sidley Austin: 1,798 U.S. attorneys DLA Piper: 1,696 U.S. attorneys Morgan Lewis: 1,688 U.S. attorneys Jones Day: 1,647 U.S. attorneys Gibson Dunn: 1,629 U.S. attorneys Goodwin: 1,598 U.S. attorneys These firms have established themselves not only by their large headcounts but also through their extensive range of services and impact across various sectors. Understanding more market trends and details on how to approach these firms can be crucial. At #MES, we specialize in helping legal professionals navigate their careers with the right strategy. We focus on understanding each of our clients' needs and expectations to tailor our approach effectively. If you're looking to stay ahead in the legal industry or seeking new opportunities, MES can help you with the right insights and strategy to make informed decisions. E: info@molinaexecutivesearch.com

Family Law Practice Growth Tip # 20 - Identify Your Core Values They are your firm's map and compass. Core Values build your culture and shape the direction of your firm. But here's the catch -- Core values cannot be aspirational. They must be true to who you are and what you're willing to fight for. Our business model has changed. Our mission has changed. The clients we pursued have changed. But our core values have stayed the same since we started i in June 2014. They have been an amazing compass and a north star for our firm.