sole practitioners

  • The accelerated investment incentive

    Feb 11, 2019

    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.

  • Improving mental health in a small firm

    Jan 21, 2019

    Mental health has been a trending issue in recent years, and for good reason. We have all come across cautionary tales about the importance of mental health and the dangers of depression, burnout, and substance abuse within the profession.

  • Final goal for 2018: planning for disability or prolonged absence

    Dec 3, 2018

    Having such a plan is a critical obligation to yourself, as well as to your family, employees and clients. As such, getting this done by the end of the year should be a priority.

  • The junior sole practitioner is not a mere blip in the profession

    Dec 3, 2018

    The life of a sole practitioner caught my interest during the first year of my litigation practice on Bay Street. As I came across a range of opposing and co-counsel, many were self-employed, driven, confident, relaxed and they impressed me.

  • Strategic marketing for small firms

    Oct 8, 2018

    Cost-effective client acquisition is critical for small firms that do not have the ability to dump vast sums into a marketing budget.

  • Vanity metrics for lawyers

    Sep 10, 2018

    Periodically, we all fall into productivity and performance ruts or the feeling of career stagnation. One reason for this is our reliance on vanity metrics. While these metrics may make us feel good temporarily, they do little to improve our business and skills as lawyers.

  • The silver lining to losing good employees

    Aug 13, 2018

    Replacing a valued employee can be a difficult transition for small offices. However, it is an opportunity to inject new energy and improve the office environment. Here are some suggestions to smoothly manage the departure of a key staff member.

  • Preparing a small firm for a recession

    Jul 9, 2018

    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.

  • Small firms & solos missing the technology boat

    Jun 1, 2012