Sat.Jul 22, 2023

article thumbnail

Hiring Percentage: What is the Law Firm Hit Rate for Bringing on Staff?

NCBA Law Practice Management Blog

Some lawyer s get burned hiring staff, whether it’s legal assistant s , paralegals or other attorneys. But, just because you miss out once, in trying to hire somebody, doesn’t mean you should give up forever. There are distinct advantages to bring ing on employees, including increased control over work product + improved revenue generation models. In my experience, I’ve found that law firms connect on a successful hire (across all employee categories) about 40% of the time.

article thumbnail

Biden administration forgives $39 billion in student debt for more than 800,000 borrowers

Collection Industry News

The Biden administration announced Friday it would automatically forgive $39 billion in student debt for 804,000 borrowers. The relief is a result of fixes to the student loan system’s income-driven repayment plans. Under those repayment plans, borrowers get any remaining debt canceled by the government after they have made payments for 20 years or 25 years, depending on when they borrowed, and their loan and plan type.

article thumbnail

Top Shelf: How to Maximize Lawyer Staff in a Modern Law Firm

NCBA Law Practice Management Blog

Broadly speaking, lawyers take on too much. You know: at work, emotionally. They’re probably also trying to carry too many grocery bags into the house at one time. You know how it is. This, of course, leads to a whole host of problems, including that attorneys have higher incidences of alcohol and drug dependence, as well as depression, than does the general population.