Law practice management Essay Example | Topics and Well Written Essays - 2500 words

Law practice management - Essay Example The customer can also pay a USD 100 fee, for the first call for service. Ordinarily, the first hour of services will cost a customer not more than USD 250. The center will target its services at young customers, and will guarantee them the legal services help they need, before they say or do anything that may place then in compromising situations. Through the outlook, the center is reorganizing its traditional business, so that it can stand out from the crowd of legal service providers, towards pacing-up to the innovativeness adopted by different industries (Suskind 172). The group chose this legal practice area, following the increment of the sentiments of customers that the flexibility of legal services is low. Many legal services consumers have also expressed the sentiments that the costs of legal services is very high, and bulky, therefore many customers may not be able or willing to purchase the customized service packages offered by lawyers (Suskind 57). Through unbundling the legal services, splitting the different areas of service into component parts will help the center, in offering the different services in the most efficient manner. Due to this outlook, the lawyers at the center will not offer the services based on the undivided time of a single lawyer serving the wide range of the legal needs of their client (Suskind 59). The lawyers at the center will offer customized services to different clients, and some aspects served simultaneously for different customers, so that the center and the customer can reap from the economies of scale. The choice of this service line was also based on the fact that the unbundled services will be marketed in a relatively decentralized manner, and sold in a way which is similar to that of other service sectors like document processing and tax preparation (Suskind 157). Qn.2. The urgent legal services center will be characterized by the unbundling of the service packages offered by a lawyer. The unbundling of the servi ces into different component parts will help the different team members to offer the different services in the most efficient way possible. The center will offer its services to current and potential customers around the clock, which will increase the flexibility of service consumption (Van Zandt 1130). Though the adoption of a more flexible service delivery pattern, the center will exploit the potential clientele that are restrained from seeking legal services due to time and the costs of services. The marketing of the services of the center will be done through the lawyer-client relations developed after the formation of the center and those from the contacts of different lawyers. Through adopting this marketing outlook, the center will benefit from the diversity of social interactions, which will reach potential customers that the center or the different lawyers could not reach. The center will offer unbundled services to different customers, depending on the characteristics of t he services required by the given client. This outlook was chosen, because unbundling will be easier for comparatively routine services, where many personal issues or complex links are not involved (Van Zandt 1130). An example

Public University Analysis Research Paper Example | Topics and Well Written Essays - 750 words

Public University Analysis - Research Paper Example The financial statements in this institution contains some remarkable disclosure of the cost that the institution goes through in providing retirement benefits, related gains, assets and lastly all liabilities. These financial statements therefore, are able to provide the employees with a clear view of the risks and rewards that arise from the defined benefits. In addition, all funding obligations which are in relations to all liabilities of the benefits schemes defined are all clearly identified (University of Maryland, 2012). GAASB proposed changes are likely to reduce the liability burden as they will increase the level of accountability an aspect that is likely to reduce the cash lost due to cases of negligence. Proposed changes also address deeply on issues of common deposits and other investment risks such as interest rate risks and even fluctuating of the foreign currency risks. The policy recommendations to disclose all investments that are highly sensitive to these risks wil l reduce the money lost through fluctuating of the currency and changes in the interest rates (University of Maryland, 2012). One of the major economic condition that s likely to affect the growth of this institution is government changes in labor policies. Government is likely to change the policies such as medical policies and retirement policies. Some of the likely changes that are likely to be outlined include; increased amount contributed towards the pension scheme and specified amount that the institution should direct towards payment of medical insurance for its employees. This is likely to reduce the amount of money directed towards improving the status of the university. Second aspect that is likely to affect the future success of university of Maryland is increased government intervention and regulations in university through taxation. This is likely to slower the level of activities in the institution an aspect that will be replicated in the overall growth rate of the ins titution (University of Maryland, 2012). Changes in the foreign currency and interest rates will have direct impact on the overall growth of university of Maryland. The institution conducts many transactions some of which depend largely on the interest rates. Fluctuations in the currency and changes in the overall economy will therefore hamper the level of growth in the university (Gibson, 2012). In university of Maryland grants are used to fund major projects that are aimed at improving the education status in the university. In addition to this, they are used in daily running of the institution. Also, they are sometimes used to cover the liabilities that the institutions have incurred over the past periods in order to reduce burden to the institution (Gibson, 2012). Grants such as federal grants are used by the institution to offer students with the scholarships. This is aimed at helping the needy students who are not capable of paying for their school fees. In addition to this, t hese funds are directed towards equipping the institution with the current technology in order to improve the level of research conducted by the institution. As a result, the institution has been able to conduct many researches in different fields an aspect that has improved the overall growth of the state and economy at large (Gibson, 2012). With GAADB laid procedures on how to use funds in the institutio