Many Canadian law firms were affected by the 2008 recession. Firms of all sizes laid off associates and froze hiring. Business dried up as corporate clients went in-house and reduced legal-spending budgets. Even litigation work decreased due to the dim prospects of successfully collecting against parties with no means to pay.
Most, if not all of us, have had the unpleasant experience of moving and cursing the volume of stuff we possess.
Businesses must innovate strategically. The challenge for small firms is in navigating the abundance of products and ideas selling new (but not necessarily improved) ways of doing things.
Spring — the season where many third-year law students scramble to find an articling position before the semester expires.
The 2018 federal budget, introduced on Feb. 27, allays some concerns small-business owners had over last year's controversial proposals. It also includes some encouraging initiatives relevant to lawyers.
One of the major challenges for small firms is the compensation it can offer staff. Anecdotally, small firm compensation is typically lower than that of larger firms. Nonetheless, any lawyer — whether employer or employee — assessing proposed compensation must conduct an honest cost-benefits analysis to determine whether it’s worth working at a particular firm, large or small.
What is on your clients' minds in 2018? Having a good grasp of the latest trends and challenges impacting your clients will help you develop stronger relationships with them.
Year-end reflection is important for personal and professional development. The year 2017 saw incredible news stories filled with lessons for sole and small firms.
With the end of the year fast approaching, now is the time to review your achievements and failures of the past year. For sole practitioners and small firms without the benefit of a business management team, this exercise is critical to the future productivity and profitability of your firm.
Microsoft Word might be the most under-appreciated tool lawyers use. Most of us use it solely as a digital typewriter and fail to tap into its features designed to enhance productivity and efficiency.