The American Bar Association’s Law Practice Management section provides a monthly webzine, Law Practice Today, covering the latest topics in law practice management. June’s edition focuses on finance, discussing topics such as cost recovery technologies, “value billing,” AFAs, and more. Here are some highlights from this issue:
- Engage in Cybersecurity: The Power and Responsibility is Yours
“If you are relying on businesses or the government to protect your identity and other vital information online, you’re looking in the wrong direction. Look in the mirror – you are your own best defender in cybersecurity issues.”
- Why Digital Accessibility Matters to the Legal Profession: A Conversation with a Young Blind Attorney
“It is important to note that digital accessibility requires that all aspects of the digital experience be accessible, i.e. the hardware, the operating platform, the software program or application, and the data itself.” - We Would Have Made More Using Hourly Billing
“To paraphrase the old expression, there are lies, damned lies, and law firm “fixed fee” proposals. At many firms, fixed fees are just hourly billing dressed up in new clothes. Until firms learn to move away from time as the driver of pricing, clients will gain neither lower costs nor greater efficiencies from alternative fee proposals.”