Investment remodeling; now is the time to get your financial house spiffed up for the 21st century

Article Abstract:

Ways for attorneys to best put their financial affairs in optimal order at the start of the 21st century are discussed. These include taking maximum advantage of the many tax-sheltered retirement savings options and maximizing after-tax returns by placing the growth stocks in taxable accounts, while the investments paying taxable interest or dividends go in tax-sheltered retirement plans.

United States, Finance

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Perilous partnerships; investing with clients can strengthen or sour business relationships

Article Abstract:

Any professional faces risks other than financial uncertainty when deciding to invest with a client, but attorneys face the risk of conflict of interest. While this practice is best to avoid entirely, chances too attractive to pass up may arise. Investing with clients may result in a stronger bond with them in addition to the extra income. Anybody who invests with a client should decide at the outset whether they can afford to lose the relationship as well as the money.

Standards, Investments, Conflict of interests (Attorneys), Conflicts of interest (Lawyers), Practice of law, Attorney and client

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Stop monkeying around; shift work to staff by delegating tasks and get more time for yourself

Article Abstract:

Lawyers can learn from the time-management principles advocated by William Oncken, Jr, in a Harvard Business Review article and later in the book 'The One Minute Manager Meets the Monkey' and improve office productivity as well as obtaining more time for critical legal tasks by learning to delegate work effectively. There are few law office activities a lawyer cannot delegate, and planning and systematizing recurring tasks is the key to good delegation. Lawyers must still supervise all work of people under them and are responsible for the work's end result, but office morale and productivity should improve with the right procedures.

Analysis, Time management, Delegation of authority

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