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Ramifications Of Hefty Associate Pay Raises
Win Clients and Market Your Professional Services In the Modern Business Arena
Update On Law Firm Mergers
In 2006
'Magic Of Dialogue' Sparks Sedona Conference® Success
Non-Legal Careers For Lawyers: How Else Can That Degree Be Put To Good Use?
Contract Lawyering--Lifestyle Choice Or Transition Plan?

Will the increase in associate salaries impact associate retention?

Significant improvement
Slight improvement
No impact
Significant decline

Respondents to the survey will be put into a drawing to receive a $100 Starbucks gift card.

LUMEN LEGAL NEWS

Luminary Kalynn Taylor

Kalynn Taylor

Employees of Lumen Legal award each other Lumen coupons (or Lumens, defined as a perceived measure of light) whenever someone displays preeminent behavior. Kalynn Taylor, IT guru for Lumen Legal, has been the recipient of the Luminary of the Year Award two years in a row. She has this to say: "I've never worked for a company that does this kind of thing for its employees--it's a wonderful opportunity. You can express your appreciation."

Illuminate yourself. >

BY THE NUMBERS

According to the ABA:

  • There was a slight increase of men over women in total J.D. enrollment in the last year--from 52.5 percent to 53.1 percent.
  • Enrollment of minority students rose slightly, from 21.2 percent of all J.D. students last year to 21.6 percent this year.

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ASK THE EXPERTS

Do you have a question or challenge you'd like the Lumen Legal experts to address? Please email us, and we'd be happy to help you plan your strategy.

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The legal industry is changing around us.

As law shifts from a profession to a business, we're seeing continued acceleration of trends for law firms to create efficiencies and build a global service delivery platform. 2006 was no exception: Law firms engaged in increased merger activity and upped associate starting salaries to attract the best talent in a competitive marketplace.

Another way to stay competitive is to adopt a sales mindset--something not usually associated with attorneys' skill sets. Jack Daly, CEO of Professional Sales Coach, shared some sales tips that can help out anyone who's trying to make progress in the legal industry.

If you'd like to discuss ways in which Lumen Legal can help you gain an edge in the rapidly changing legal landscape, please give us a call.

I always appreciate any input on our newsletter
--whether you have a question for the expert, an idea for upcoming themes, or a comment on a featured article, let me know. And, please forward this newsletter to any colleagues who would benefit from its content.

Regards,

david sig

David Galbenski, Esq.
President and CEO, Lumen Legal

Ramifications Of Hefty Associate Pay Raises

The static supply of law graduates doesn't fill the increasing demand from within the legal services industry. In response, law firms have hiked starting associate pay rates significantly this year. This impacts associate bill rates--and billable hours--as well as profitability per equity partner. See how steep pay raises affect law firms, and get the corporate perspective.

Discover the impact. >

Win Clients and Market Your Professional Services In the Modern Business Arena

The law school emphasis on careful analysis and case law prepares lawyers for practice, but cultivating and maintaining business has become increasingly vital as the field grows more and more competitive. Discover what Jack Daly, CEO of Professional Sales Coach, Inc., recommends for successful selling in the legal industry. Hint: It's all about creating trust.

Read the interview. >

Special contest from Lumen Legal and Jack Daly: See how you could win Jack's three-hour audio program--recorded live. Go here for details on winning your own copy of "Smart Selling Through Value."

Update On Law Firm Mergers In 2006

2006 marked a busy year for law firm mergers, with the abundance of mergers in recent years providing the industry with valuable guidelines towards effective merging. Get the details on the largest mergers and prospective mergers, as well as trends that surfaced in the last year--including the largest expansions from wholesale mergers.

Get the details. >

'Magic Of Dialogue' Sparks Sedona Conference® Success

The Sedona Conference®, a non-profit think tank and developer of the oft-cited Sedona Principles and Sedona Guidelines relating to e-Discovery, has a lot of history behind it--and a lot more up its sleeve. Learn what's made it so successful in the past, and find out what "tipping point" topics are on the agenda for 2007.

Join the dialogue. >

Non-Legal Careers For Lawyers: How Else Can That Degree Be Put To Good Use?

In an era of increased commoditization in the legal field, law firms scramble to modernize their business models to mirror those of other large businesses--and many lawyers are experiencing increased dissatisfaction with the profession. Lawyers seeking to try a new career path can try the four-step plan recommended by Cheryl Heisler, founder and president of Lawternatives.

Get the steps. >

Contract Lawyering--Lifestyle Choice Or Transition Plan?

Confused about contract lawyering? Not sure about what type of work is available--or if the pay is good? Karen Maheu, Lumen Legal's Vice President of Global Resourcing, shares her knowledge about where contract work can be found, and to whom this kind of work might appeal.

Consider contracting. >

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