Once a lawyer, always a lawyer.
Engaging ones self in the practice of law constitutes with the reality of facing misdemeanors and protecting and assuring individual rights. However, being a law practitioner does not necessarily mean having the capacity to manage a legal firm or business. Why take law if they will put themselves into business, anyway?
Aside from providing service to people, one reason why lawyers chose that certain track is because of money. By just simply presenting and providing reasonable causes and effects regarding the case proper, sure money would rapidly land on a lawyer’s hand whether he wins the fight or not. Yet, running a law firm would likely be a great risk for these people. Aside from practicing the chosen profession, he must at least be knowledgeable in the administrative tasks the firm has to face.
As a part of a legal business, one may suppose that the firm’s financial stability is even because of the labor of its accountants and management personnel which causes the lawyers to just simply focus on bringing in cases and billing hours. Mostly, even managing lawyers assume full trust that the accounting people accepts full responsibility in watching the monetary constancy of the business and that the firm’s costly practice management software is maximizing efforts in making everything in the firm more efficient.
Tactics and strategies in these businesses are always present especially in making money for individual purpose and interest. Increase profitability by charging more per billable hour, charging a premium at all costs and collecting a higher percentage on invoices may be considered as one of the ways in making riches for the firm and its people. In other cases, managing lawyers may likely bring more cases into firm and settle them as fast as they can for the highest possible amount. But not all clients are barely innocent with these schemes. If the practice management/law software increases the billing rates, the firm…