Monday, 10 April 2017 09:00
Last year, the federal government’s budget took aim at small businesses by clamping down on ways to maximize the small business deduction. This affected incorporated lawyers operating in a partnership. This year, the budget, tabled on March 22, takes aim at long-standing tax deferral opportunities afforded to certain professionals, including lawyers, accountants, dentists, medical doctors, veterinarians and chiropractors.
Monday, 18 June 2012 09:29
One of the many challenges facing the small firm is attracting and keeping quality staff. For a small firm the challenge can be significant and costly. Replacing staff is time-consuming — significant time typically goes into training new assistants. Replacing staff can also be expensive as it means less billable time being spent on your files. The purpose of this article is to share some tips I have employed or know other small firms have used to achieve this goal and protect their investment.
Monday, 04 June 2012 09:29
Published in Latest News
Monday, 27 February 2012 08:04
Published in Issue Archive
Monday, 19 December 2011 09:48
Lawyers, particularly those new to the practice, often wonder whether they should be charging an initial consultation fee. The dilemma is obvious: lawyers want to get new clients in the door but, at the same time, also want to be paid for their services.
Monday, 17 October 2011 09:37
While most of us now use computers to generate our documents, not everyone uses document management software or has a system in place for organizing the files on their computers. For those who do not, much time (lawyer and staff) is often wasted searching for data and files that are sitting on the very computer or network we are using. The primary purpose of a file management system is to ensure you can quickly find what you are looking for when you need it, whether it be a case on point, a letter, a pleading, or a document painstakingly prepared on another file but required now on a new matter.
Monday, 07 March 2011 14:41
|Illustration: Kim Rosen|
Published in Features
Friday, 18 February 2011 13:26
One of the biggest challenges I have had to face as the proprietor of a small firm is how best to minimize the firm’s account receivables. I am not alone in this challenge. For many, the firm’s receivables add up to thousands of dollars. Often, if appropriate steps haven’t been taken to secure payment, they end up going unpaid. While avoiding receivables altogether may not be possible, there are steps that can be taken to limit them.
Monday, 10 January 2011 10:45
Succession planning is a topic rarely discussed by many of us in small practices. In fact, many lawyers don’t even think about an exit strategy until they have made the decision to leave the practice. By that time, while the lawyer may be keen to leave the practice, the many ethical and practical responsibilities associated with closing or transferring it make the departure particularly burdensome and can significantly delay the member’s desire to move on.
Sunday, 04 July 2010 20:00
Published in Regional Law Firm Rankings