Posted In: Pricing Strategy
Thoughts About Law Firm Rate Strategies into 2022
Economic Backdrop A recent AP news headline indicated that the price of cars, gasoline, restaurants, food, and other goods matched a 13-year high,[1]
LawVision INSIGHTS Blog
Author Archive : Mark Medice
Posted In: Profitability
3rd Annual Law Firm Profitability Survey: Firms are Pressing Harder on New Profit Projects Anticipating the Post-Pandemic Environment
Iridium Technology and LawVision recently released the results of our 3rd annual law firm profitability survey that assessed the sentiment and performance of
Posted In: Profitability
Your Realization is Wrong and What to Do About It
Realization, the long-standing hallmark of law firm performance, is ready for a makeover. While the metric is not inherently flawed, its calculation and
Posted In: Profitability
Proactive Profitability for Law Firms
As happens in personal life (and certainly with recent headlines), law firm leaders frequently get side-tracked firefighting, acting on urgent tasks that distract
Posted In: Profitability, Uncategorized
Your Profitability Change Matrix
Changing Legal Last week I announced my role as a co-founding member in the Changing Legal (CL) think tank (link). CL
Posted In: Pricing Strategy, Profitability
Pricing 2.0 – Beyond the Billable Hour
This article was first published February 16, 2021 in PinHawk’s Legal Administrator Daily. I am enjoying the discussion going on these days about
Posted In: Profitability
Lessons from the Pandemic and the “Perfect Storm” for Profitability
The Peer Monitor Index (PMI) just reported Q4 results from 2020, observing that the index hit its highest quarterly score in its history
Posted In: Profitability
Calling Messrs. Jekyll and Hyde – Profitability Stretches for 2021
As we enter December looking to conclude what surely is going down as the most bizarre year in our lives, we look to
Posted In: Profitability, Research, Intelligence & Data Science
Profitability Signaling through Smart Reporting
Your Performance Orientation In my last blog entitled Your Financial Performance Scorecard (link), I discussed four profit areas for law firms: (1) successful
Posted In: Pricing Strategy, Profitability, Research, Intelligence & Data Science
Your Financial Performance Scorecard
Financial Performance Diagnostic Metrics and accountability are essential parts of your law firm’s performance. But not all are created equal, nor do all