The Counselors InstituteThe Business of Law

The Journal

Notes on the business of law.

Short, practical essays on running a firm: fees and retainers, trust accounting, hiring, profitability, and the systems behind them.

The Small Firm Technology Stack: What You Need and What You Don’t Operations

The Small Firm Technology Stack: What You Need and What You Don’t

What a small law firm actually needs: the six jobs a technology stack has to cover, what the conduct rules require of it, what…

August 24, 2026
Are Lawyers in Demand? What the Market Says About Legal Services Firm Finances

Are Lawyers in Demand? What the Market Says About Legal Services

BLS projects about 4 percent growth in lawyer employment through 2034. What that number measures, where demand is actually growing, and what it means…

August 17, 2026
How to Choose Law Practice Management Software (Without the Demos Choosing for You) Operations

How to Choose Law Practice Management Software (Without the Demos Choosing for You)

A neutral selection framework for solo and small firms: write requirements before demos, test the trust accounting module against your own rule, and price…

August 10, 2026
How Do Lawyers Get Clients? The Data on Referrals and Search Marketing

How Do Lawyers Get Clients? The Data on Referrals and Search

Referrals and search are the two engines behind small firm client acquisition. What the Clio and Thomson Reuters data actually show, and what the…

August 3, 2026
What Is an IOLTA Account? Interest, Rules, and Setup Trust Accounting

What Is an IOLTA Account? Interest, Rules, and Setup

What an IOLTA account is, why the interest funds legal aid, the test for deciding which client funds belong in one, and how to…

July 27, 2026
Law Firm SEO: What Actually Moves Rankings for a Small Firm Marketing

Law Firm SEO: What Actually Moves Rankings for a Small Firm

What actually moves search rankings for a small law firm: Google's published ranking factors, the content that earns visibility, and the myths to skip.

July 20, 2026
Attorney Compensation: Average Lawyer Salary, Starting Pay, and Owner Income Firm Finances

Attorney Compensation: Average Lawyer Salary, Starting Pay, and Owner Income

What the average lawyer salary measures, what it leaves out, and how firm owners set their own pay and their associates pay from real…

July 15, 2026
Trust Accounting and IOLTA: A Compliance Guide for Small Law Firms Trust Accounting

Trust Accounting and IOLTA: A Compliance Guide for Small Law Firms

Trust-accounting mistakes are a top source of attorney discipline. A plain guide to Rule 1.15, IOLTA, and the monthly reconciliation that keeps your account…

July 15, 2026
How Attorney Retainers Work: Structuring Fees at a Small Firm Fees & Billing

How Attorney Retainers Work: Structuring Fees at a Small Firm

Most retainers are advance fees that belong in your client trust account until you earn them. How to structure retainers to stay compliant and…

July 15, 2026