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READER RESPONSE
Do you agree or disagree with the slant of any of our articles? Or, did one of them just get you thinking?
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ASK THE EXPERTS
Do you have a question or challenge you'd like the Lumen Legal experts to address? Please , and we'd be happy to help you plan your strategy. |
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| The legal industry is changing around us.
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Happy New
Year. As we look ahead in 2009, financial concerns are on all of our
minds. The economy has certainly seen its peaks and valleys, but in the
past it's always rebounded from recession. Some forecasters worry that
things could be different this time.
Legal
professionals may be wise to consider a different model for the future.
Economic shrewdness requires flexibility of workforce and some
delegation of lower-end tasks. Read for more information.
Then check out our --a venture capital fund that supports entrepreneurs revolutionizing the legal services industry.
If you're
looking to find the right place in the changing legal landscape, please
don't hesitate to get in touch with Lumen Legal. We'll help you figure
out where your skills best fit.
 Be sure to let me know if you have any comments, and please this newsletter to colleagues who may find it informative.
Regards,
David Galbenski, Esq.
President and CEO, Lumen Legal
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Is the Law Firm Model at a Tipping Point? How the Legal Industry can Remain Profitable
Recent
survey data shows a pattern of declining revenue growth, slumping
billing rates and other issues within the legal profession. David
Galbenski, president and CEO of Lumen Legal, recommends law firms take
a long, hard look at the leverage model and whether it is still
working. Without double-digit revenue growth from increasing bill
rates, he predicts law firms will soon begin to feel the pinch.
However, a flexible workforce could relieve some of the pressure. Read
this article to find out more about alternative law firm models and
suggestions for recessionary times.
Discover new strategies.
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Revolutionizing the Legal Industry: An Interview with Ron Gruner
Ron
Gruner, president and founder of Vallex Investments, Inc., talks to
Lumen Legal about the Vallex Fund and how it's helping revolutionize
the practice of law. His background as an engineer uniquely positions
him to help lawyers and law firms be more efficient and accountable.
Read Ron's answers to Lumen Legal's questions about how the legal
industry is changing, and how Vallex Investments is contributing.
Get to know Ron Gruner.
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Life Lessons from the Road: An Interview with Andrew Sherman
Andrew J.
Sherman is the author of 17 books on business growth and strategy and a
partner at the DC-based law firm Dickstein Shapiro. His newest book,
Road Rules: Be the Truck, Not the Squirrel, offers twelve key lessons
learned on the road of life. Much of the wisdom in the book is gleaned
from his 25-year career in business development and strategy. Check out
what Sherman had to say about business growth, as well as personal
growth, when he sat down for a talk with Lumen Legal.
Be the truck.
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