The Law Practice Exchange, LLC’s Post

Thinking about the future of your legal practice raises big questions. If you’re wondering who will take the helm next? What steps should you take now for continued success? And how do you balance succession with daily client demands–be sure to join Clio’s upcoming CLE webinar How to Build A Future-Ready Law Firm: Succession Planning Essentials. I’ll be answering all these questions and more on Thursday, August 15th. Save your spot for free today. https://lnkd.in/eaANBZKW #clio #clewebinar #successionplanning

📢 New Episode Alert: The Law Firm Blueprint S5:E30 - "Law Firm Growth & Avoiding Disasters" with hosts Jay Ruane and Seth Price. This episode dives into strategic growth and operational efficiency for law firms. Perfect for legal professionals seeking to enhance their practice with proven systems and avoid common pitfalls. A rich resource for innovative legal insights. Find out how to transform your business today: https://lnkd.in/gsycJY3g #LawFirmGrowth #LegalTech #ProfessionalDevelopment #TheLawFirmBlueprint

As family law attorneys, it's imperative to know the basics terms of art used by valuation professionals in order to effectively examine and cross-examine experts when testifying. Check out the article, "The Business Valuation Trap for Attorneys" by Andrew Soshnick, AAML, where he clarifies confusing terms to help you better prepare for trial. Read on: https://lnkd.in/gn9FtTic #AAMLArticle

An interview with Quinn Emanuel's Michael Carlinsky reveals that the firm is investing in something that many other top firms are also doing: having the established partners actively engage in the training of up-and-coming attorneys. Gone are the days when partners "assumed" that matriculating associates and counsel "learned" by being exposed to the practice and the partners. #Lawfirmmanagement now knows that in order to have the best and the brightest working for them and able to compete in the #legalmarket, the firm has to take a strong hand in the development of its attorneys. Sometimes that involves active participation by partners and sometimes that involves bringing in alternative legal providers, if they are the best in teaching young attorneys new tools.

Getting ready to start our Profitable Practice Secrets ‘Fastrack’ day for small law firms. Looking forward to getting started! #profitablepractice

📉 Attention Attorneys: Andrew Soshnick's (of Faegre Drinker) article on business valuation traps is a must-read! Discover key pitfalls in valuation methodologies, data usage, and goodwill distinctions that can impact divorce settlements. #DivorceLaw #BusinessValuation #LegalStrategy #FamilyLaw #AAML #LegalExpertise #NewJerseyLaw #AttorneyAdvice #AskAmanda Find me at Cohn Lifland Pearlman Herrmann & Knopf LLP or www.njlawfirm.com.

Shout out to Terry Sanks, from Beusse Sanks IP Attorneys, for taking the time to sit and share with us a few things he has learned throughout the process of owning, managing, and growing a law firm. Watch the full interview below: https://lnkd.in/eHgmUBbB . #IPAttorneys #LawFirmOwners #LegalTips #MarketingforLawyers #LegalMarketing

#Litigation Spending to Rise With a surge in anticipated spending across various litigation areas, 57% of large companies are preparing to enhance their litigation budgets. According to BTI Consulting Group's Litigation Outlook 2025, over two-thirds of these companies are considering budget increases of 10% or more. Businesses are seeking law firms with expertise in navigating complex and unprecedented cases. Businesses want attorneys adept at managing intricate scenarios and clients are emphasizing the importance of attorneys who grasp their unique challenges rather than just showcasing past victories. Thanks, Law360 and BTI Consulting Whiteford, Taylor & Preston LLP

Globally, the bottom line for law firm is expected to grow in the future based significantly on their class action work. With the help of litigation funders, representing parties in class action litigation has become highly lucrative work, even if it takes long periods of time before the underlying case ever gets to trial. These actions are also highly lucrative on the defense side into the future. If you had any doubt that class action litigation will play a major role in the law firms of the future, you need only look at what played out last week when EIGHT #biglaw firms, each representing a class plaintiff, fought over who would become the class lead attorney as a major class action case moved forward. #classactions #litigationfunding #biglaw #globallawfirms

A new generation of attorneys can bring a really unique perspective to a law firm. In our new video, associate attorney Hannah Lebel, J.D. discusses her perspective as a newer attorney. Attorneys Brendan O'Brien, Doreen Connor and Paul Phillips also give their perspectives on the strengths new attorneys bring to the field of law, and why Primmer Piper Eggleston & Cramer PC is a great place for a new attorney to explore and build their career. Watch the video here: https://lnkd.in/gUW6WU6s #NewGenerationofAttorneys #AssociateAttorney #LawFirm #Perspective #TrustPrimmer