My Articles

"Turnaround"
Featured in the ABA Journal, March 2010

Jerry Schwartz was picked by the ABA Journal as a featured legal management consultant who gives advice to a solo practioner who is looking to survive in this struggling economy.

"Changing Partners"
Before a partner decides to leave their current firm, many things should be carefully reflected. Change should only occur with a comprehensive analysis of the prospective firm. This articles walks you through the process on how to achieve this comprehensive analysis.

"Law Firm Collections"
Cash flow in the law office should always be of critical concern to the owners of the firm. A law firm’s collection policy is usually the missing link to improving the firm’s cash flow. This article explores how to implement a best practice collections system and also how this leads to client loyalty.

"Owner Compensation"
For many firms, compensation issues are some of the most difficult issues to deal with in a law firm. This article explores ways on how an equitable compensation program can contribute to the overall success of the law office.

"Financial Independence For Lawyers"
A goal of each individual lawyer should be to become financially independent. This article explores what a lawyer needs to know in order to achieve financial independence, including tips on budgets, receivables, collections, profitability, and spending.
"Financial Planning"
Times have changed and the attorney must recognize that the part of the practice which deals with the financial existence is a business and must be operated as a business in order to continue providing the valuable service to the community. Businesses that do not make financial plans are planning to fail. This article outlines the specific areas attorneys must look at within their business in order to create actionable and successful financial plans.

"Law Office Economics"
In order to run a successful law firm, an attorney must be familiar with a firms’ financial reports as well as have firm business goals. This articles gives you ways you can apply your discovery skills to learning about your law firm finances.

"Leadership, Management, Administration"
In order to successfully operate a law office, there are three characteristics of law firm personnel who are in charge of operations should possess: Leadership, Management, and Administaration. This article explores in detail each of these characteristics and how each are important to the success of a law firm.

"Back to the Basics of Profitability"
Change is inevitable - we must not allow it to paralyze us from being profitable. The basics of profitability are revenue generation and cost containment. This article guides you through what elements should make up a revenue generation program and how to execute them at your law firm.

Legal Industry Information

The legal service industry is the second largest professional service industry in the nation, second only to health services. The legal industry and law firm business structure is constantly evolving with changing competition, technology, and client needs. Research of current trends in the legal industry is essential in order for a law firm to grow and profit. Key links to industry publications are provided below to help your firm stay on top of the lastest news.

"Recession Survival"
In the current economy, firms need to look for ways to improve the bottom line. A recession or a downward economic trend provides us with an opportunity that does not normally exist in our professional lives. There is less work and therefore more idle time. This article explores the four ways you can improve your current conditions but also lay the foundation for a successful and profitable future in the law firm.

"Managing Your Lawyer Trust Account"
This article explores the "Why and How" of trust accounts, and why law firms should establish clearly defined policies for the day-to-day operation of the funds.

Events

November 12th, 2010
CLE on the Road Seminar
Cleveland, MS

January 14th, 2011
CLE on the Road Seminar
Hattiesburg, MS

April 29th, 2011
CLE on the Road Seminar
Tupelo, MS

Testimonials

"Jerry consulted with us in starting the firm in 2001, and has continued to provide consistent consulting management services through the years. His contribution in this regard has been of great assistance to the firm."

Myles A. Parker, Managing Member
Carroll, Warren & Parker, PLLC
Jackson, Mississippi

Contact Information

Legal Management Services, Inc.
Jerry Schwartz, President
64 River Mist Lane
Memphis, TN 38103-0892
901.581.5390 cell
901.297.4211 fax
jerry@legalmanagementservices.com