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Tag Archives: Practice Management

With market still in the tank, real estate lawyers diversify (access required)

For many of South Carolina's real estate attorneys, the most recent housing and foreclosure reports probably won't boost their holiday spirits. Home sales plummeted nearly 26 percent statewide in October compared to a year ago, according to a report by S.C. Realtors. "I've been doing this for 17 years, and this is the worst I've seen this," attorney Trey Harrell (pictured), founding member of the Chapin firm of Harrell and Martin, told Lawyers Weekly in a recent interview. Harrell said that as recently as 2006, about 80 percent of the firm's business was connected to real estate. Now, that percentage has dropped to about 60 percent, he said. "If you're relying solely on real estate, you're asking for some sad times," he said.

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Coach’s Corner: Leaders are made – even in law firms (access required)

When it comes to management, law firms, particularly large firms serving major corporations, are not trendsetters. They follow their clients. The much-criticized billable hour is an example. Until well into the post-World War II era, legal fees were based not only on time spent, but also the nature of the service, the result achieved and the amount at stake.

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