Law Practice Today Review

The American Bar Association’s Law Practice Division publishes a monthly webzine, Law Practice Today, covering the latest topics in law practice management. May’s edition focuses on finance, discussing topics such as succession planning, business development software, internet scams, the future of finance, and more. Here are some highlights from this issue:

Managing Risks of Employee Theft and Internet Scams” by Eileen Garczynski

“While the widespread use of technology and the internet has generated numerous advantages for law firms and their clients, it also has enabled employees and outsiders alike to perpetrate frauds that can continue for months without detection, and result in significant losses.”

 “Think Your Cybersecurity is Up to Snuff? Don’t Bank on It” by Jeana Goosmann

“Criminals are constantly searching for creative new ways to obtain money from banks and customers through fraud and cybersecurity vulnerabilities. However, in today’s new era of cybercrime, criminals arestealing directly from banks as well as from their customers. And as consumers and businesses rely more on electronic devices such as computers, tablets, and smartphones to bank and shop online, logic suggests vulnerabilities increase exponentially as a result.”

Organize or Perish: Five Essential Rules for Solo Lawyers” by Alexander Y. Benikov

“There is no secret formula for establishing and running a solo practice. However, five rules will make your practice more profitable, better organized, and allow you to have less stress.”

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