Okay, We Swallowed the Kool-Aid and We Are Using Alternative Fee Arrangements, but Do We Still Need to Have Our Lawyers Submit Time Sheets?

Posted on September 14, 2010 by kowalskiandassociates

When billing clients on an AFA basis, is there a point to track time records? Keeping track of time worked on a matter has always been a pain, and too often inaccurate. In an AFA engagement, the client gets a product and why should he care how much time we spent?

Filed under: Alternative fee Arrangements, Hiring and training lawyers, Law firm associate efficiency, Law firm associates, Law firm financial reporting, Law firm management, Law firm management strategies, law firm project management, lawyer training, Legal Project management, Project management for law firms, Strategic law firm planning | Tagged: , , | 6 Comments »

Should Law Firms Continue to Report Publicly on Profits Per Partner?

Posted on May 19, 2010 by kowalskiandassociates

Do reports by law firms by law firms on Profits Per Partner provide an accurate metric by which profits can be measuered or assessed. And, does such reporting make sense make any sense in the current economic C?imate

Filed under: Law firm financial reporting | Tagged: | 6 Comments »

Law Firm Reports on Revenues and Profitability: A Radical Proposal

Posted on March 11, 2010 by kowalskiandassociates

Why do law firms report on their revenues and profits, particularly where there is no industry standards regarding such reporting and often such reporting is of dubious reliability?

Filed under: Law firm financial reporting, Law firm management, Law firm management strategies, Strategic law firm planning | Tagged: , , , | 3 Comments »

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