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How to Attract Top Millennial Talent to Your Small Law Firm

According to data taken from Census Bureau data of 2015, the Pew Research Center found that Millennials now make up the largest workforce in the nation, according to the Pew Research Center, they're expected to soon become the largest living generation.

Along with this giant demographic change are the attendant cultural shifts that come along for the ride. Millennials are the new lawyers, doctors, and service professionals of today. Thus, law firms need to attract young millennials lawyers and keep them if they are to survive. As attorney Bruce Stachenfeld has so presciently noted, if the lawyers leave, what kind of a firm do you have?

When an employee quits, it's not just a worker walking out the door, its years of training and investment. Hiring replacement employees is expensive and time consuming, requiring you to invest resources in job search and training -- resources that could be better spent on the firms' practice.

Retention is key. With that in mind, here are some of the top reasons law firms suffer from high employee turnover and how you can prevent them.

"Give me your tired, your poor, your huddled lawyers yearning to bill hourly." If that's not what is say on the Statue of Liberty, it very well should be.

Whether you learned the law in Ireland, Syria, or Bangladesh, there's always a place for you in America. You just have to be able to find it.

Litigation funding just got a bit more difficult in Colorado. The Rocky Mountain State's Supreme Court ruled en banc yesterday that consumer litigation funding companies provide small consumer loans, akin to payday loans.

The ruling means that consumer litigation funding companies will now be required to meet the standards licensing and disclosure standards as, say, the Money Tree.

When you're a lawyer, your time is literally money. Use it effectively and you'll have a profitable career that doesn't keep you working 16 hour days.

The key, as the cliche goes, is to work smarter, not harder. Here are five tips to help boost your productivity, free up time, and make your day run a bit more easily.

7 Tips for Your Online Lawyer Bio

First impressions are important. If you want to make a great first impression on prospective clients, it's crucial to have a great lawyer bio. Whether it's the bio on your website, your LinkedIn page, or some other online destination, you should keep it up-to-date, reader-friendly, and appropriately detailed. 

Want your bio to stand out? Follow these 7 tips: 

SEC Approves Landmark Crowdfunding Rules. This One Is Big.

The SEC just approved changes to crowdfunding rules that will allow small companies looking to raise money to seek investment from small, non-accredited investors. Who are those non-accredited potential investors? Just to give you an idea, that's about 91 percent of American households.

The traditional model required complicated underwriting processes for equity investing. The new crowdfunding changes are some of the most sweeping made to the model of buying and selling securities to date.

Where to List Your Law Firm Online

Ah, the Yellow Pages. Even millennials might remember this vaguely comforting tome of a book. Did you know that the Yellow Pages continues to live on in the world of online directories?

Although it sounds crazy, law firms might want to consider updating their listings in the Yellow Pages online directory. Even though people tend to default to Google or Bing these days, online business directories are relevant to the health of your firm.

Sure, fire fighters have to rush into burning buildings. Doctors occasionally, accidentally, kill their patients. High school students in Sunnydale must spend their nights fighting off the undead. Those are scary jobs.

But lawyering? That's scary, too. There's plenty to be afraid of when you practice, whether it's your murdering clients, your deadly billable hour requirements, or the nightmare of an ill-timed CLE audit.

FindLaw Ranks as Top Directory for Personal Injury Lawyers

What's the top online directory for personal injury lawyers? In terms of Google's traffic rankings, FindLaw comes out on top. That's according to the findings of Dan Weeks at Lawyer Marketing Score, who gathered the Google traffic from five major cities.

Although we weren't  surprised to find that we came out on top in this study, we were surprised by a few other pieces of information that were reported. Also, this is a good chance to reflect on the (terrifying) power and Google's algorithms.