LJN - Accounting and Financial Planning for Law Firms

Why Modern Law Firms Are Rethinking Technology Investment Strategy

2026-07-02 13:09:47.000

Law firms are shifting toward financing strategies that allow them to invest in growth while increasing flexibility, liquidity and long-term planning discipline. The conversation is no longer simply about acquiring equipment. It is about building a financial structure that supports continuous operational growth.

What Record CEO Turnover Has to Do with Your Managing Partner

2026-06-30 23:15:00.000

The legal industry is going through the same leadership reckoning playing out across the Fortune 1000. The pioneers are already on the far side of the river. The settlers are crossing. And the stragglers are still deciding whether to go. Which camp are you in? And more importantly, who are you learning from right now?

Your Firm Doesn’t Know What It Knows; Neither Does Your CRM

2026-06-30 23:13:00.000

Before the next CRM or AI investment, answer three questions honestly: Where does its data come from? How does it stay current without asking attorneys to maintain it? And what happens to our relationship intelligence when a partner walks out the door?

Legal AI Doesn’t Know That Not All Workflows Are the Same

2026-06-30 23:09:00.000

Artificial intelligence is rapidly embedding itself into legal workflows, but much of the conversation treats all use cases as if they carry the same level of risk, even if they do not. The more useful question is not whether AI works, but where it can be safely applied and where it cannot.

The Sector-Centric Firm: Law’s Next Competitive Frontier

2026-06-30 23:07:00.000

Traditional law firm models have long relied on profitability strategies anchored around several key levers, including annual rate increases, improved discount management and collections, and expense management. While these are necessary and important, they are subject to the law of diminishing returns as most firms with good execution capabilities can easily replicate these tactics.

Firms Dangling ‘Triple Bonus’ Packages to Reward Top Performers and Entice Laterals

2026-06-30 23:03:00.000

At a time when Big Law partner pay flexibility is key, law firms are leaning on bonuses and a mix of partner equity and cash to reward top performers and entice lateral partners, industry observers say. Some firms are even dangling “triple-bonus” packages.

AI Investment Not Bringing Consistent Returns In Operational Efficiency, Report Says

2026-06-26 00:01:24.000

Despite widespread investment into AI across the legal industry, just a small group of law firms are consistently realizing measurable returns in operational speed, financial visibility and revenue performance, according to a new report from Law.com and legal industry technology provider Elite.