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   Ideas for Lawyers and Managers That Dare To Be Different
February 2017

Welcome to Olmstead & Associates Law Practice E-News, a law practice management resource for practicing attorneys, managing partners, administrators, and others that must keep updated on all aspects of law firm management. 

Our Law Practice Management E-Newsletter is distributed monthly. Look for it and send us you emails with ideas for topics that you would like covered.

John Olmstead's book - The Lawyers Guide to Succession Planning is now available from the ABA   Click here for additional information and to order as well as Amazon and Barnes and Noble.
Law Firm Financial Management - Protecting the Firm from Employee Embezzlement

Even though a firm trusts their accounting staff segregation of duties is appropriate and should be implemented in firms of all sizes. Here is an overview of such a system that we generally suggest:     

Law Firm Merger - Initial High Level Summary Financials to Provide
Law firms exploring possible merger partners often move to quickly to financials and I try to hold on providing financial information until after three get acquainted meetings. I like to see the initial focus on the people, culture, and general fit. Poor fit causes more merger failures than practice economics. Read the full posting for our thoughts.

American Bar Association Releases John Olmstead's Book - The Lawyers Guide to Succession Planning

 The book provides guidance to firms of all sizes, especially smaller  firms and shares succession and transition processes, approaches,  and step by step action plans for solo practitioners, sole owners and  members of larger law firms. Access to electronic copies of checklists,  project plans, documents, and agreements on the ABA website is  included with the book. 

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