Not all revenue dollars are created equal. So, how should firms balance the important role of profitability with the challenges it can create in order to incentivize and encourage partners to pursue more profitable work or to manage the work more effectively?
Law firm support structures today are more efficient than ever before…
We sometimes hear firms express surprise that competitors are able to offer similar services at significantly lower prices than they are able to offer.
In the first, Making the Business Case for Innovation, we argue that innovation is an imperative that cannot be ignored by law firms.
Back in 2008, we and other industry observers predicted that alternative fee arrangements would accelerate as the legal market dealt with decreased demand and price sensitivity brought on by the recession. We were only half right.