LawVision INSIGHTS Blog

Author Archive : Mark Medice

Posted In: Law Firm Resilience, Pricing Strategy, Profitability

The Nuances of Multi-Tiered Rate Structures: Unraveling the Complexity

I occasionally receive questions about multi-tiered rate structures, which prompted my focus this week. RATE TIER STRATEGY DEFINED Rate tiering is a pricing

Read Full Article »

Posted In: Artificial Intelligence, Law Firm Resilience, Pricing Strategy

The Future of Law Firm Pricing: AI, Time, and the Quest for Genuine Value

In my last two pieces, we navigated the intricate landscape of the 2024 law firm rate setting and broached the powerful bond between

Read Full Article »

Posted In: Law Firm Resilience, Pricing Strategy

Building Stronger Client Bonds Through Strategic Rate Setting

Following up on my recent piece about navigating the complex landscape of 2024 law firm rate setting, I’d like to delve deeper into

Read Full Article »

Posted In: Law Firm Resilience, Profitability

Navigating the Complex Landscape of 2024 Law Firm Rate Setting

“The moment you make a mistake in pricing, you’re eating into your reputation or your profits,” wisely stated Katherine Paine, emphasizing the critical

Read Full Article »

Posted In: Artificial Intelligence, Law Firm Resilience

Your AI Legal Strategy Framework Part 3

“Design is Intelligence Made Visible” – Alina Wheeler Summary: Building a strategy focused on fast-moving topics like AI requires a different approach. Assumptions

Read Full Article »

Posted In: Artificial Intelligence, Law Firm Resilience, Research, Intelligence & Data Science, Strategic Planning

Your AI Legal Strategy Framework Part 2

Your Key AI Enablers Summary. Building a strategy focusing on a fast-moving topic like AI requires a different rhythm. Assumptions made today may

Read Full Article »

Posted In: Artificial Intelligence, Law Firm Resilience, Leadership Support & Development, Research, Intelligence & Data Science, Strategic Planning

Your AI Legal Strategy Framework Part 1

Separating the Signal from the Noise with the Help of “Bootleggers and Baptists” Summary. Law firm leaders face a mountain of AI[1] noise

Read Full Article »

Posted In: Law Firm Resilience, Strategic Planning, Uncategorized

What to Make of Today’s Legal Economics

Wherever the crowd goes, run in the other direction. They are always wrong. Charles Bukowski For many, today’s economics are confusing. Inflation is

Read Full Article »

Posted In: Pricing Strategy, Profitability, Uncategorized

How to Think About Your Pricing Potential

Pricing is a vital topic today. And firms are often surprised when told that their current pricing approach costs them multiple millions of

Read Full Article »

Posted In: Law Firm Resilience, Pricing Strategy, Profitability, Uncategorized

Making the Right Moves in a Year of Uncertainty

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

Read Full Article »