NCBA Law Practice Management Blog

FEBRUARY 25, 2024

In an ideal world, your email inbox is ‘ mission critical ’. That mean it’s a collection of messages from your clients and referral sources, while you screen the remainder of the noise out, via subfolders, as well as labeling junk and phishing messages aggressively. Although, that’s not always how it goes, is it ? You know what else shows up in your inbox, that you can’t ignore – that’s right: questions and notifications from your staff and colleagues.

Law Firms 52

Law Firms Creditors Collections 52

Collection Industry News

FEBRUARY 25, 2024

Americans now owe a collective $1.13 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances increased by $50 billion, or roughly 5%, in the fourth quarter of 2023, the New York Fed found. Credit card delinquency rates also jumped — particularly among younger millennials, or borrowers between the ages of 30 and 39, who are burdened by high levels of student loan debt.

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Personal loans 40

NCBA Law Practice Management Blog

FEBRUARY 25, 2024

Now, this wasn’t always a thing; but, as of now: law firms in any jurisdiction of the United States can utilize ‘trade names’. What that effectively means is that, so long as you don’t choose a name that’s misleading, you can select a brand name for your law. That’s kind of a big deal; because it’s difficult to convey what your offering is to potential clients, simply by naming your law firm after your and/or your partners ’ names.

Law Firms 52

Law Firms Trade Lawyers Creditors 52

NCBA Law Practice Management Blog

FEBRUARY 25, 2024

Booking initial consultations are essential for most law firms. That’s how the vast majority of lawyers vet their potential clients, and determine whether or not they are a fit for the firm. It’s also a way to test your potential client’s payment bona fides , which is why the majority of attorneys who hold initial consultation meetings, charge for those.

Law Firms 52

Law Firms Lawyers Creditors Collections 52

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.