News & Press ReleasesArticles By Date
Document Retention and Destruction: Understanding the Document Lifecycle
3/23/2017
Documents have a distinct lifecycle. They move from being online (production) to near line (easily recoverable) to offline (archived). Knowing what to keep and for how long can be tricky business for law firms.
While it’s important to be able to produce critical documents when they’re needed, maintaining a file longer than necessary can cause trouble. Suppose a client follows standard document retention procedures and disposes of a set of documents. If the law firm retains related documents beyond that retention schedule, those documents then become discoverable in a legal matter.
The key is to develop document retention and destruction procedures that protect your interests as well as those of your clients.
Court Cases Illustrate Key Valuation Concepts
12/1/2016
For valuation professionals, there’s never a shortage of interesting court cases to learn from. Here are two recent cases that shed light on the key concepts of tax affecting and loss of value.
Stop Costly Clients at the Door
12/1/2016
For most attorneys, turning away business is a hard call to make. But the truth is that not all clients are worth having. Unreasonable and over-demanding clients can be costly — they detract from your profitability, productivity and peace of mind.
Cash Flow Planning Pointers
12/1/2016
Attorneys are often surprised that even with revenue coming in, they can still come up short on cash. Problems occur because cash coming in often lags cash going out. Profits may be reported, yet the practice still experiences a short-term cash shortfall.
Buy-Sell Agreements - A Must for Partnerships
8/15/2016
If you’re a business owner, you’re an optimist. And as an optimist, you might assume that you and your partners will have smooth sailing for as long as your company is in business.
Past Articles By Date
- Document Retention and Destruction: Understanding the Document Lifecycle
- Court Cases Illustrate Key Valuation Concepts
- Stop Costly Clients at the Door
- Cash Flow Planning Pointers
- Buy-Sell Agreements - A Must for Partnerships
- Law Practice Economics - Riding Herd on Your Biggest Expenses
- Buyer Beware: How to Perform Proper Due Diligence
- Practice Management: Fraud Watch - Seven Internal Controls for Law Firms
- Caselaw Update: Court Cases Shed Light on Key Valuation Topics
- Valuation Corner: Lost Profits v. Lost Business
- Choosing Your Expert: Different Credentials = Different Standards
- Valuation Corner: Personal or Corporate? Bross Trucking Case Illuminates the Nature of Goodwill
- Health Care Reform and Small Businesses
- SEC Cracks Down on Sales Taxes - Significant Penalties Result
- Gulf Oil Spill: Questions and Answers
- What Health Care Reform Means to Your Business
- Help for small businesses affected by the Deep Water BP Oil Spill
- BP and the MC252 Oil Well Incident in The Gulf of Mexico
- SBA has approved disaster loan funds
- View All Articles
