Attorneys have an obligation to avoid situations in which they will have a conflict of interest such as[1]: Concurrent representation of clients with adverse interests Successive representation of clients with adverse interests Conflicts resulting from lawyer’s receipt of confidential information outside attorney-client relationship Conflicts resulting from lawyer’s relationships with non-clients Professional Liability insurance companies, such […]

When you communicate with a client by email, [simple_tooltip content=’SMS stands for Short Message Service and is the most widely used type of text messaging. With a SMS, you can send a message of up to 160 characters to another device.’]SMS text message[/simple_tooltip], through [simple_tooltip content=’Internet messaging technology is a type of online chat that […]

Because hiring an employee can be an intimidating and complicated process, it is best to break the process into smaller, more manageable steps as follows: Analyze your firm’s needs for an employee: Do you need a part-time or full time assistance? Would you be able to fill your needs with an independent contractor instead? Can […]

Having the right employees can make all the difference in your firm’s success, lightening the load for everyone when you can depend on them to deliver quality, timely work and provide top-level customer service. Finding the right employee is no small feat, but taking the time to make the best hire is a much better […]

Employee handbooks aren’t a requirement in many states, but having one is something firms of every size should consider. Meant to address policies, procedures, guidelines, and working requirements, employee handbooks can be a cornerstone document for any company. Having one to refer back to makes it easier on everyone, including the employees who have something […]

When considering a job offer, many applicants take into consideration the pay, benefits, and incentives offered by a firm before making a decision. A generous package can help sway potential employees as well as keep existing ones at the firm, but it’s important to find a balance between the three offerings to meet the needs […]

The balance sheet[1]shows only those general ledger accounts that track the law firm’s assets, liabilities, and equity as of a specific date. The trial balance shows all general ledger accounts on one page, with the accounts that increase when debited shown on the left side and the accounts that increase when credited on the right […]

A check clears when the money from the check writer’s bank account is actually moved into the account where the check was deposited.[1] Because it can take as long as several weeks for a check to clear, federal laws require banks to make funds available for withdrawal before a check has actually cleared.[1] But, if […]

You can protect your law firm from embezzlement by setting up [simple_tooltip content=’Internal controls are the mechanisms, rules, and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability and prevent fraud.’]internal controls[/simple_tooltip], getting to know your employees, and looking for suspicious behavior. Setting up Internal Controls Internal controls […]

Employees embezzle company funds for a variety of reasons[1][2] such as: They think that their employer wronged them somehow, e.g. passed them up for a promotion, or treated them unfairly, etc. They think that they are not being compensated fairly for the services they provide to the employer. They think that the theft won’t hurt […]