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   Ideas for Lawyers and Managers That Dare To Be Different
September 2016
Greetings!

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.

The American Bar Association just released John Olmstead's book - The Lawyers Guide to Succession Planning in February.  Click here for additional information and to order
 Improving Law Firm Profitability - Revenue vs. Expense Control
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In spite of the turnaround in the general economy and the fact things have been looking better for law firms many law firms are still advising us that their financial performance has been stagnant and they are looking for ways to cut all the overhead expenses possible in order to improve profitability. We are advising clients to be careful not to cut the muscle.



Law Firm Building Ownership 
 
Several law firm that are currently leasing office space that they have outgrown are approaching the end of their leases and are considering buying their own buildings. We believe that if done property building ownership can be a worthwhile investment for the law firm but if not done properly can be an albatross. 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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