LawVision INSIGHTS Blog

Archive for ALSP Category

Posted In: ALSP, Business Development, Legal Sales, Strategic Planning

Wait! Before You Measure Market Share, Are You Asking the Right Questions?

A reporter reached out wanting to know if, or how, one could measure the market share of different legal service providers. It appears

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Posted In: ALSP, Law Firm Resilience, Profitability, Strategic Planning

You Should Know What You Don’t Know: Do You Really Understand Your Competition?

“World trade means competition from anywhere; advancing technology encourages cross-industry competition. Consequently, strategic planning must consider who our future competitors will be, not

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Posted In: ALSP, NewLaw Business Models, Profitability

Commoditized Work Can be a Gold Mine…Particularly with the Use of an ALSP

By Mike Short and Yvonne Nath Within many law firms, any variations on the word “commoditized” (i.e., commodity, commodification, commodified) are very bad

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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: ALSP, Client Service, NewLaw Business Models, Pricing Strategy, Profitability

Your Clients Are Not Stupid; Stop Rate-Hiking as if You Think They Are

This article was first published April 20, 2021 in PinHawk’s Legal Administrator Daily. A good friend of mine who’s founded and served as

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Posted In: ALSP, NewLaw Business Models, Profitability

The Business of Law

This article was first published March 1, 2021 in PinHawk’s Legal Administrator Daily. On February 26, 2021, David Cunningham and I co-moderated the

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Posted In: ALSP, Legal Process Improvement, NewLaw Business Models, Organizational Structure, Profitability, Research, Intelligence & Data Science, Talent Strategy

Highlights of the 2021 ALSP Report

The Alternative Legal Service Providers 2021 survey results are out! (I am talking about the much-anticipated third biennial survey produced by Thomson Reuters

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