The ALPMA Knowledge Bank contains articles to help you manage your law firm or legal department, including legal industry case studies, articles, presentations, white papers and product/service information from ALPMA partners, speakers, members and industry experts. Items showing the padlock symbol are secured for ALPMA members-only (who need to login to view these items), while many articles are freely available for the broader legal community.
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Benjamin Balk, Amanda Baker, Gina Assimakis & Ann Wooten
Seemingly every week, a new cloud delivery service pops up, offering something bigger and better than the one before.
This is our world. We will have various providers throughout the course of life and business. It’s a multi-service landscape, but with so much choice, you need to choose a service provider that’s right for the time and place you’re at with your business.
Read more here: You know it's time to move
We have a unique multi-generational business environment happening today, with workplace values being pulled in different directions. Baby Boomers are still holding most senior ranks and Generation X are squeezed in the middle. Yet according to the Deloitte Millennial Survey, in just 10 years, by 2025, millennials will make up an estimated 75% of the global workforce. This will inevitably change the status quo of numerous industries and disrupt the way organisations think about work.
Continue reading here: Making your workplace millennial-ready
Outstanding annual leave balances are a significant financial liability to any balance sheet. The longer employees go without taking holidays, the greater the risk to a company’s cash flow in the long term. Implementing strategies to regularly reduce annual leave balances can be difficult for SMEs that operate with a lean corporate structure and have limited internal resources.
The Australian legal sector generates nearly $20bn of revenue, spread across more than 18,000 individual businesses, and over 80 percent of this revenue is generated outside of the “top-tier” firms.
It is often portrayed as an industry underpinned by tradition and history and less affected by technological changes than most others. However, globalisation and national consolidation has increased competitive pressures and squeezed margins. This, combined with a challenging economic environment, has resulted in a wave of effciency and modernisation sweeping across the sector.