by Billie Tarascio | Management
Your system of management will help ensure you are completing your duties as a manager. In my firm, we have a weekly team meeting to go over new clients, revenue metrics for the month, and a capacity check in. This weekly meeting is scheduled and structured and lasts...
by Billie Tarascio | Management
I am very clear that I will spend no more than 50 percent of revenue on employee costs. Likewise, my team is aware that adding to the headcount leaves fewer dollars for me to spend on raises or bonuses. They are also aware that adding people must add revenue dollars....
by Billie Tarascio | Management
When I started my firm, it was with a $30,000 loan from a local nonprofit. It was enough to get the firm up and running, and I was fiscally conservative enough to pay it off early. You have options when it comes to financing your firm. Some people use lines of credit,...
by Billie Tarascio | Management
Technology can replace much of what we value as lawyers. Technology can draft documents and answer questions, and very soon, it will be able to provide legal analysis. Technology is already beginning to predict legal outcomes in cases based on assigned judges, and...
by Billie Tarascio | Management, Tools and Systems
We all know that law is a “service” business. We are not in retail, manufacturing, or agriculture, we are in the business of professional services. Let’s break this down: We are in the business of serving legal consumers. This is how we earn our living. Perhaps if you...
