Posted In: Law Firm Resilience, Pricing Strategy, Profitability
By Mark Medice on November 6, 2023
I occasionally receive questions about multi-tiered rate structures, which prompted my focus this week. RATE TIER STRATEGY DEFINED Rate tiering is a pricing
Posted In: Artificial Intelligence, Law Firm Resilience, Pricing Strategy
By Mark Medice on September 26, 2023
In my last two pieces, we navigated the intricate landscape of the 2024 law firm rate setting and broached the powerful bond between
Posted In: Law Firm Resilience, Pricing Strategy
By Mark Medice on September 11, 2023
Following up on my recent piece about navigating the complex landscape of 2024 law firm rate setting, I’d like to delve deeper into
Posted In: Law Firm Resilience, Profitability
By Mark Medice on August 21, 2023
“The moment you make a mistake in pricing, you’re eating into your reputation or your profits,” wisely stated Katherine Paine, emphasizing the critical
Posted In: Artificial Intelligence, Law Firm Resilience
By Mark Medice on August 14, 2023
“Design is Intelligence Made Visible” – Alina Wheeler Summary: Building a strategy focused on fast-moving topics like AI requires a different approach. Assumptions
Posted In: Artificial Intelligence, Law Firm Resilience, Research, Intelligence & Data Science, Strategic Planning
By Mark Medice on July 18, 2023
Your Key AI Enablers Summary. Building a strategy focusing on a fast-moving topic like AI requires a different rhythm. Assumptions made today may
Posted In: Artificial Intelligence, Law Firm Resilience, Leadership Support & Development, Research, Intelligence & Data Science, Strategic Planning
By Mark Medice on June 27, 2023
Separating the Signal from the Noise with the Help of “Bootleggers and Baptists” Summary. Law firm leaders face a mountain of AI[1] noise
Posted In: Law Firm Resilience, Strategic Planning, Uncategorized
By Mark Medice on May 23, 2023
Wherever the crowd goes, run in the other direction. They are always wrong. Charles Bukowski For many, today’s economics are confusing. Inflation is
Posted In: Pricing Strategy, Profitability, Uncategorized
By Mark Medice on March 21, 2023
Pricing is a vital topic today. And firms are often surprised when told that their current pricing approach costs them multiple millions of
Posted In: Law Firm Resilience, Pricing Strategy, Profitability, Uncategorized
By Mark Medice on January 31, 2023
Recent legal industry reports[1] (i.e., the Citi Advisory and Georgetown Report) have highlighted financial performance for law firms in 2022, which presented law