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Author Archives: David Baugher

MONEY MATTERS

Stephen Bough, a solo practitioner in Kansas City, recalls when a friend was weighing the move to solo practice. “He came up with two budgets: the ‘we’re great’ budget and the ‘we suck’ budget,” says Bough, a personal injury attorney. ...

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LONE GUN

This issue of Practice, Practice focuses on how to launch a solo practice. Going solo is not for the faint of heart. And it's certainly not something to jump into on a whim.

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The business of law

For this issue of Practice, Practice, we asked legal management consultant John Olmstead, president of Olmstead & Associates in St. Louis:   What percent of its revenue should a law firm spend on payroll and benefits?  17%-25% Solo lawyer (no ...

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Small perks make big difference

Q: If a small law firm doesn’t have much money to spend on perks for its attorneys or other employees, what is something inexpensive and ongoing it can do to make everyone feel appreciated? Linda Oligschlaeger, membership services director for ...

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All those files take up space

As firms look for ways to cut expenses, file storage is an issue in search of a cost-effective solution. Of course, the simplest option may also be the most obvious. “If you’re a firm just starting out and you’ve got ...

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It isn’t always easy leasing green

With “green” issues rapidly coming to the forefront in commercial and residential development, a whole new array of challenges – and costs – are working their way into leasing agreements. “Anytime you are dealing with a sustainable project, a sustainable ...

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Good walls make good neighbors

In a recessionary economy, office sharing can be a boon to any law firm’s bottom line. But hazards lurk for lawyers who fail to heed common-sense tips to avoid ethical dilemmas. “It can be a very positive arrangement, but ethically ...

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