LawVision INSIGHTS Blog

Posted In: ALSP, NewLaw Business Models, Profitability

Law Firms Can Use ALSPs to Command an Additional 30% or More Profit Margin

By Yvonne Nath and Mike Short Take one type of client work for which you are competing on price. Pick something routine. Preferably work

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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

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Posted In: Business Development, Research, Intelligence & Data Science

Law Firm Business Development — A Sometime-Overlooked Competitive Advantage: Research

When asked why our accounting firm service team had won the competition for a large tax engagement at a global hotel chain, the

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Posted In: Culture & Diversity, Leadership Support & Development

Effective Leadership in 2021 and Beyond

This article was first published June 29, 2021 in PinHawk’s Legal Administrator Daily. There is nothing more rewarding for business leaders than helping

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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

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Posted In: Business Development, Legal Sales

Law Firm Business Development: Top Tips for Client Growth

Retaining and expanding existing clients must be, or remain, an essential strategic imperative for the survival of any firm today. Firms for years

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Posted In: Legal Process Improvement, Legal Project Management

ALSPs: It’s Not If You’ll Use Them, It’s How

Few people attend law school with the vision of spending most of their days on document review. Not that there’s anything wrong with

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Posted In: Practice Group Management

Practice Group Success: Don’t Just Plan, Implement (Part 3)

This was first published June 14, 2021 in PinHawk’s Legal Administrator Daily. Can your practice group have a direction without goals? Not likely.

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Posted In: Practice Group Management

Practice Group Success: Don’t Just Plan, Implement (Part 2)

This was first published April 6, 2021 in PinHawk’s Legal Administrator Daily.  To implement your practice group vision, you need a good plan.

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Posted In: Organizational Structure, Strategic Planning

Instant Coffee, Model T, and Changing Tastes

Want to stand out? This coffee station at my vacation rental reminds me of Henry Ford’s famous quote about being able to have

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