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5 Lessons From Failed Law Firms

They say if we don't learn from the mistakes of the past, we are doomed to repeat them.

So let's look at some of the biggest law firm fails to see what we can learn. Why did they fail? The simple answer would be: they weren't making enough money. But that's like saying the car stopped because it ran out of gas. Let's get into the specifics of why these firms failed, and what we can learn.

Consider the Disabled in Your Practice Plans

When the Countess Carolina Fantoni da Fivizzano went blind, her admirer Pellegrino Turri invented a typing machine so that she could write letters. And thus began a story of innovation and romance that has left its mark for more than 200 years.

Lawyers can take a page from this history. The typewriter was born of a blind woman's necessity, but it became a tool for writers of every kind. By looking for ways to serve the disabled, attorneys may discover new ways to serve all their clients. It is not about disability; it is about accessibility.

Tax Tips for Solo and Small Firm Lawyers

They say there are two things that are certain in life: death and taxes.

Between the two, most will say that taxes are preferable. Except perhaps those people who get audited. They might choose death.

In any case, whether you have filed your tax returns this year or not, there is always next year to consider. Here are some tax tips for solo and small firm lawyers to file away:

Prospective Clients Hang up When on Hold, Study Finds

'Thanks for calling. Please hold.'


That's what happens when you put a prospective client on hold for too long, according to a study by an audio-branding company. And lawyers are some of the worst call-holding offenders.

PH Media Group, which called 2,695 businesses across the country for the study, reports that law firms put their callers on hold for an average of 36.07 seconds--longer than the national average.

Whether you're a Boomer or a Gen Xer, a Millennial or a Korean War vet, if you're running a legal practice today, you're probably working with people from across three or four generations. That's because there are currently four distinct generations in the American workplace, with the youngest generation, Millennials born between the early 1980s and 2000s, now making up the largest chunk of the workforce.

Each generation brings with it unique characteristics and perspectives that can add value to your practice -- or catch you completely off guard. Thankfully, Sally Kane, an attorney and writer, recently surveyed how to manage, and hopefully to benefit from, these multigenerational differences in The Balance. Here's some of the best tips, broken down by generation.

'Tis the season, as they say. The halls are decked, gay apparel is donned, and chestnuts are roasting. But for all the winter mirth and merriment, the season can also be a contentious one. Think, for example, of the annual fights over saying "Happy Holidays" rather than "Merry Kwanza," and the yearly fury that surrounds Starbucks holiday cups.

That doesn't mean you shouldn't bring some holiday cheer into your law office. You should! But here are some tips to help you do it without leaving anyone feeling excluded, offended, or even litigious.

What to Do If You Can't Find Your Client

Everybody loses clients, but what if you literally lose a client?

Losing track of a client can be more distressing than losing the client's business. Lawyers have a duty to protect the legal rights of even those clients they can't find. When they go missing, you may find yourself in an ethical minefield as you go about searching for them.

"If an attorney is having trouble contacting a client, the attorney should make all reasonable efforts to locate the client," according to the Washington State Bar newsletter. "If contacting the client is not possible, the attorney should keep records documenting all efforts to give notice, including efforts to contact the client by mail, phone, and email."

Few people get excited about meetings. Why? Because they're typically felt to be a waste of time. Here you are, listening to someone drone on and on about something that could have been conveyed more quickly in an email. There goes another hour that could be spent on work, wasted before an endless deck of PowerPoint slides. There's a reason people often sneak in actual work -- checking their emails, updating their calendars -- while meetings are going on.

But your meetings don't have to be awful. They can be productive, even rewarding, if you follow these three tips.

3 Things to Look for When Looking for Law Office Space

Location, location, location. If only it were so simple.

You could ask Siri or Google to find your new law office space. Unfortunately, your virtual assistant might lead you to an office supply or office furniture store or some other non-starter. Until artificial intelligence can read minds, you likely will need to keep some practical and legal things in mind when searching for the right office space.

You have an opening at your firm. You've listed the position, received dozens of applications, and focused in on a few qualified candidates.

Now, should you track them down on social media?