What's Happening at Headquarters September 2024
Struggling with Succession Planning? We’ve Got You
The 2024 edition of ALA’s Legal Management print magazine is hitting your mailboxes now! This year’s annual print edition dives deep into a critical topic for law firms: succession planning.
Inside, you'll find insightful articles and expert advice on tips for small firms looking to succession plan, maximizing technology in succession planning and much more! But that's not all — our full edition is also available online this year! Don’t miss out on these valuable insights.
Check Out Two Must-Listen Legal Industry Podcasts
ALA President Amanda Koplos, CLM, CPA, was recently featured on The Lawyer's Edge podcast with Elise Holtzman, JD, PCC! As the legal industry continues to evolve, technology and talent are reshaping law firm management. Amanda shares her insights on these critical shifts and how they impact work-life balance and firm operations. Tune in to hear Amanda’s expert advice on navigating these changes and ensuring your firm thrives in this dynamic landscape. Whether you’re a law firm leader or interested in the future of legal management, this episode is a must-listen!
While you’re at it, check out the latest Legal Management Talk episode, too! Amid the current political and social climate, several organizations have begun to roll back their diversity, equity, inclusion and accessibility (DEIA) programs. Ann Thomas, Chief Diversity and Inclusion Officer at Stinson LLP, joins the program to discuss the state of DEIA today, how firms of different sizes should approach their DEIA initiatives, and how clients are still looking for their firms to show progress on diversity and inclusion. Tune into “Doubling Down on DEIA” today by going to alanet.org/podcasts.
2023 ALA Financial Statement
At ALA, we continue to work to make the most efficient and impactful use of our financial and human resources. ALA’s Board of Directors and staff are continuously exploring and identifying opportunities to improve efficiencies and optimize results. In 2023, our overall revenue was $7.17 million and expenses were $7.18 million, resulting in a net loss of $14,747. Read the full statement below.
As we make our way through the second half of 2024, we remain focused on elevating your membership experience and refocusing our efforts to meet the challenges you face as legal management professionals.
| ALA | Foundation of ALA | Eliminations | Totals | |
| Revenue and Support | ||||
| Dues | $2,683,460 | $- | $- | $2,683,460 |
| Conferences | 3,101,729 | $- | $- | 3,101,729 |
| Advertising | 271,370 | $- | $- | 271,370 |
| Job Bank | 188,002 | $- | $- | 188,002 |
| Education | 62,130 | 62,130 | ||
| Publications and Other Materials | 347,279 | 347,279 | ||
| Contributions | - | 31,634 | 31,634 | |
| Donated Services | - | 10,000 | (10,000) | |
| Fundraising Income | - | 19,807 | 19,807 | |
| Other | 224,634 | 224,634 | ||
| Net Investment Income | 54,596 | 564 | 55,160 | |
| Realized Gain on Investments | 13,163 | - | - | 13,163 |
| Unrealized Gain on Investments | 170,357 | 170,357 | ||
| Total Revenue and Support | 7,116,720 | 62,005 | (10,000) | 7,168,725 |
| Expenses | ||||
| Program Services | 3,375,691 | 37,285 | 3,412,976 | |
| Management and General | 3,641,955 | 17,273 | (10,000) | 3,649,228 |
| Fundraising | 121,268 | - | - | 121,268 |
| Total Expenses | 7,138,914 | 54,558 | (10,000) | 7,183,472 |
| Change in Net Assets Without Donor Restrictions | (22,194) | 7,447 | - | (14,747) |
| Net Assets Without Donor Restrictions, Beginning of Year | 2,123,298 | 103,128 | - | 2,226,426 |
| Net Assets Without Donor Restrictions, End of Year | $2,101,104 | $110,575 | - | $2,211,679 |
