Law practice manager

Last updated

A law practice manager, sometimes described as a legal practice manager or director of practice support, is a person with managerial responsibilities at a law firm. The duties of a law practice manager will depend upon the specific role and its purpose. [1] [2]

Contents

A partner in a law firm may hold management responsibilities and will usually also engage in fee earning work. The Partner with overall responsibility for the management of a law firm is usually known as the Managing Partner. [3] It is also possible that a law practice manager will be a non-lawyer employee of a firm, under the supervision of the law firm's managing partner or director. [4]

In the UK, managers and owners of law firms may also be the Director of a Company, or a Sole Practitioner - a solicitor who usually works alone and has sole responsibility for their work as a lawyer and for the operation of their business.

Managers at law firms may also hold specific responsibilities within law firms such as Human Resources, Information Technology, or Marketing and Business Development.

Duties vary between law firms, but they may include any of the following responsibilities.

Financial

Human Resource Management

Completing indemnity insurance renewals. Practice certificate renewals, Lexcel adherence and implementation of new plans and policies. Lender panel applications.

Administration

Information Technology

Premises Management

Business Development

See also

Related Research Articles

Corporate titles or business titles are given to company and organization officials to show what duties and responsibilities they have in the organization. Such titles are used by publicly and privately held for-profit corporations. In addition, many non-profit organizations, educational institutions, partnerships, and sole proprietorships also confer corporate titles.

Project manager professional in the field of project management

A project manager is a professional in the field of project management. Project managers have the responsibility of the planning, procurement and execution of a project, in any undertaking that has a defined scope, defined start and a defined finish; regardless of industry. Project managers are first point of contact for any issues or discrepancies arising from within the heads of various departments in an organization before the problem escalates to higher authorities, as project representative.

A consultant is a professional who provides expert advice in a particular area such as business, education, law, regulatory compliance, human resources, marketing, finance, health care, engineering, science, security, or any of many other specialized fields.

A general manager or GM is an executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known as profit & loss (P&L) responsibility. A general manager usually oversees most or all of the firm's marketing and sales functions as well as the day-to-day operations of the business. Frequently, the general manager is responsible for effective planning, delegating, coordinating, staffing, organizing, and decision making to attain desirable profit making results for an organization.

A law firm is a business entity formed by one or more lawyers to engage in the practice of law. The primary service rendered by a law firm is to advise clients about their legal rights and responsibilities, and to represent clients in civil or criminal cases, business transactions, and other matters in which legal advice and other assistance are sought.

A theatrical producer is a person who oversees all aspects of mounting a theatre production. The producer is responsible for the overall financial and managerial functions of a production or venue, raises or provides financial backing, and hires personnel for creative positions.

Room service hotel service

Room service or in-room dining is a hotel service enabling guests to choose items of food and drink for delivery to their hotel room for consumption. Room service is organised as a subdivision within the food and beverage department of high-end hotel and resort properties. It is uncommon for room service to be offered in hotels that are not high-end, or in motels. Room service may also be provided for guests on cruise ships. Room service may be provided on a 24-hour basis or limited to late night hours only. Due to the cost of customized orders and delivery of room service, prices charged to the patron are typically much higher than in the hotel's restaurant or tuck shop, and a gratuity is expected.

Office administration is a set of day-to-day activities that are related to financial planning, record keeping & billing, personal, physical distribution and logistics, within an organization. An employee that undertakes these activities is commonly called an office administrator or office manager, and plays a key role in any organizations infrastructure, regardless of the scale. Many administrative positions require the candidate to have an advanced skill set in the software applications Microsoft Word, Excel and Access.

A law firm network is a membership organisation consisting of independent law firms. These networks are one type of professional services networks similar to networks found in the accounting profession. The common purpose is to expand the resources available to each member for providing services to their clients. Prominent primarily law firm networks include: CICERO League of International Lawyers, First Law International, Alliott Group (multidisciplinary), Lex Mundi, WSG - World Services Group (multidisciplinary), TerraLex, Meritas (law), Multilaw, The Network of Trial Law Firms, Inc., the State Capital Group, and Pacific Rim Advisory Council. The largest networks have more than 10,000 attorneys located in hundreds of offices worldwide.

Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.

Law practice management (LPM) is the management of a law practice. In the United States, law firms may be composed of a single attorney, of several attorneys, or of many attorneys, plus support staff such as paralegals/legal assistants, secretaries, and other personnel.

Law Society of British Columbia organization

The Law Society of British Columbia is the regulatory body for lawyers in British Columbia, Canada.

Account executive is a role in advertising, marketing, and finance involving intimate understanding of a client company's objectives and products and a professional capability to provide effective advice toward creation of successful promotional activities and strategies. The account executive directly works with, and provides services to, one or more delegate officers or executives of the client company.

An account manager (AM) is a person who works for a company and is responsible for the management of sales and relationships with particular customers. An account manager maintains the company's existing relationships with a client or group of clients, so that they will continue using the company for business. The account manager does not manage the daily running of the account itself. They manage the relationship with the client of the account(s) they are assigned to. Generally, a client will remain with one account manager throughout the duration of hiring the company. Account managers serve as the interface between the customer service and the sales team in a company. They are assigned a company's existing client accounts. The purpose of being assigned particular clients is to create long term relationships with the portfolio of assigned clients. The account manager serves to understand the customer's demands, plan how to meet these demands, and generate sales for the company as a result.

A barristers' clerk is a manager and administrator in a set of barristers' chambers. The term originates in England, and is also used in some other common law jurisdictions, such as Australia. In Scotland, the equivalent role is advocate's clerk.

An Investment policy statement (IPS) is a document, generally between an investor and the assisting investment manager, recording the agreements the two parties come to with regards to issues relating to how the investor's money is to be managed. In other cases, an IPS may also be created by an investment committee to help establish and record its own policies in order to assist in future decision-making or to help maintain consistency of its policies by future committee members or to clarify expectations for prospective money managers who may be hired by the committee.

The professional support lawyer (PSL) position has its origins in the United Kingdom and is essentially a central resource for research within a given practice area. PSLs primarily operate in large law firms and support the wider division through provision of key cases, legislation and practical working knowledge, thereby reducing the amount of research time needed to deal with matters. The PSL is usually a senior position. Apart from practical guidance, PSLs also involve themselves with support functions such as case strategy.

Director (business) person who leads a particular area of a company or organisation

The term director is a title given to the senior management staff of businesses and other large organisations.

Bilateral Affairs Officer

A Bilateral Affairs Officer is a United States Army or Air National Guard officer recruited from the state National Guard unit of which he or she is a member. In the National Guard State Partnership Program, each state has a 'partner country' and the Bilateral Affairs Office serves as a conduit between the two. It is considered a diplomatic level assignment.

Fund governance refers to a system of checks and balances and work performed by the governing body (board) of an investment fund to ensure that the fund is operated in the best interests of the fund and its investors. The objective of fund governance is to uphold the regulatory principles commonly known as the four pillars of investor protection that are typically promulgated through the investment fund regulation applicable in the jurisdiction of the fund. These principles vary by jurisdiction and in the US, the 1940 Act generally ensure that: (i) The investment fund will be managed in accordance with the fund's investment objectives, (ii) The assets of the investment fund will be kept safe, (iii) When investors redeem they will get their pro rata share of the investment fund's assets, (iv) The investment fund will be managed for the benefit of the fund's shareholders and not its service providers.

References

  1. "Role of Law Firm Administrator". New York State Bar Association. 18 February 2010. Retrieved 6 December 2017.
  2. "Efficient practice management pays off". New Zealand Law Society. 23 May 2014. Retrieved 6 December 2017.
  3. Green, Lawrence (December 2008). "A Leadership Guide for the Managing Partner". Law Practice. American Bar Association. Retrieved 6 December 2017.
  4. Moak, Lauren; Gaffney, Nicholas (June 2011). "Managing Partner or Executive Director?: A New Model for Law Firm Management" (PDF). Law Practice Today. American Bar Association. Retrieved 6 December 2017.
  5. "Job Description for a Law Firm Director of Practice Support". Chron.com. Houston Chronicle. Retrieved 28 May 2016.
  6. "Law Office Manager: Job Duties and Education Requirements". Study.com. Study.com. Retrieved 14 May 2016.
  7. "Practice Building". American Academy of Estate Planning Attorneys. Retrieved 6 December 2017.
  8. "What do Legal Practice Managers Do?". Law Practice Manager. Martyn Benjamin Williams. Retrieved 14 May 2016.