The ROI on Learning: Too Good to Ignore

Gary Boomer says training budgets may be “tempting targets during tight times.” But should firms really cut expenses in this area? Boomer, citing Gartner Research, says every hour of IT training provides 5.75 hours of increased capacity. Do the math: … Continued

Looking for Lawyers for Networking?

Start with LinkedIn, advises Larry Bodine. Law firms are cutting back on advertising and client feedback programs, according to a new survey by the LMA.  Instead their highest law firm marketing priorities are proposals, business development coaching and training, and client … Continued

How to Have Your Best Tax Season Ever

The three-step plan to new profitability. Are you ready? “These are life changing times,” according to Steve Erickson, an Albuquerque, N.M.-based practice management consultant. “When will things go back to the way they were? Never.” “You need to get on … Continued

Partner Accountability: Seven Signs Your Firm May Be in Trouble

Do you have the courage to change the firm’s culture?

by August Aquila

august_aquila
Aquila

Accountability, according to the Merriam-Webster on line dictionary, is “the obligation or responsibility to accept responsibility or to account for one’s actions.” Let’s explore what this definition means.

First, there is an obligation. An obligation is a promise to do something. If a company has a financial obligation and fails to meet it, it may go into bankruptcy. If individuals fail to meet their obligations they also fall into a state of bankruptcy – i.e., failure.

Second, it is a personal responsibility. Each individual needs to account for his or her own success or failure.

Impact of lack of accountability

There is a real financial impact to the firm because of a lack of accountability. READ MORE →