Kevin Cheung on how small-to-mid-sized firms can implement change effectively
The recent and alarming spate of high profile ransomware attacks against government entities and courthouses in the United States, should be a reminder for law firms to maintain vigilance in protecting computer networks and client data.
Diversity and inclusion have been trending for several years and have exploded recently. More than ever, the spotlight is on what law firms are doing to advance diversity and inclusion in the profession.
Burnout, whether your own or your staff's, drains productivity. It reduces efficiency and increases absenteeism and presenteeism (working while sick). One of the problems with burnout is that many of us only have a vague sense of what it is, if we recognize it at all.
In our personal lives, we maintain cars, a home and our health. Similarly, our law firms also require regular under-the-hood maintenance. Certain set-it-and-forget-it elements of a business require our periodic attention to keep things running smoothly. Some of these include: insurance contracts, security measures, policies and procedures manuals, contingency plans and relationships with third-party service providers.
Spring cleaning is something some of us do in our personal lives. It can be a valuable exercise to incorporate into our professional lives too. Clutter detracts from productivity. Even if one functions well in a messy office, there is time lost in searching for needed items, and clutter is a source of distraction.
Law societies are governed by a board of directors. In many jurisdictions, these directors are called benchers. Some are appointed but many are elected by lawyers across the province. They determine matters relevant to lawyers. They establish law society rules and policies. They also serve as adjudicators in disciplinary hearings. Why then do so many lawyers, especially those in small firms, decline to exercise their right to vote for benchers
Lawyers are constantly juggling multiple tasks and projects. To-do lists can be so long and overwhelming that one does not even know where to start. This can lead to avoiding doing any task of importance until we absolutely have to do it. It can also result in shutting down and feeling burned out even before we start any tasks. A helpful tool for managing to-dos is the ICE system, a simple and effective method of prioritizing tasks and projects.
Clio, a company that most of us probably recognize, released its third annual Legal Trends Report last fall. While the report is based on data from the U.S. market, there are some interesting insights that Canadian sole and small firms can consider in trying to improve their business.
With tax season gearing up, now is a good time to be reminded of some recent changes to the tax regime affecting your firm's business planning. In its 2018 Fall Economic Statement, the Department of Finance made some proposals to enhance business confidence and encourage more capital investments. Of the proposals, one that sole and small firms can take advantage of is the Accelerated Investment Incentive.