LawVision INSIGHTS Blog

Archive for Compensation & Performance Category

Posted In: Benchmarking Research, Compensation & Performance, Profitability

Cash Management Actions to Drive Profitability

Great attention is paid to rate and pricing strategy for many law firms but, paradoxically, managing cash flow well is frequently overlooked. Imagine

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Posted In: Compensation & Performance, Legal Process Improvement, Pricing Strategy, Profitability, Talent Strategy, Team Performance

2022 Profitability Strategy Checklist

While we are in the early days, 2022 has already delivered many gifts to us, including stock market volatility, high inflation, the advent

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Posted In: Compensation & Performance, Profitability, Talent Strategy

Shifting the Conversation on Associate Compensation: From “What Can We Afford?” to “Where Should We Be?”

There may be no single economic challenge facing law firms today bigger than the current war for talent.  Driven by transactional practices, the

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Posted In: Compensation & Performance, Profitability, Team Performance

Linking Profitability to Law Firm Partner Compensation: Walking the Line Between Acceleration and Self Destruction

The current COVID crisis will have the effect of accelerating a trend that has been on the horizon for some time – moving

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Posted In: Compensation & Performance, Leadership Support & Development, Strategic Planning

Rethinking Partner Compensation Systems in Light of COVID-19?

As we plan for reemergence from the current business restrictions necessitated by COVID-19, it might seem a bit early to think about what

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Posted In: Compensation & Performance, Culture & Diversity, Leadership Support & Development, Organizational Structure, Team Performance

Show Me (More Than) the Money

Law firms that operate under the premise that money is the top motivator for shareholders are likely underachieving, wasting the firm’s potential, and

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Posted In: Compensation & Performance, Pricing Strategy, Profitability, Research, Intelligence & Data Science

10 Key Traits of Law Firm Profitability Execution

For many law firms, 2019 was a good year, as improving demand and effective pricing strategies supported bottom-line results. As we look to

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Posted In: Compensation & Performance, Culture & Diversity, Leadership Support & Development, Profitability, Research, Intelligence & Data Science, Strategic Planning, Succession Planning

5 Emerging Challenges for Law Firm Leaders in 2020

Before the calendar slips too far into the new year, I want to share five important emerging trends or steps for law firm

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Posted In: Assessments, Benchmarking Research, Business Development, Compensation & Performance, Pricing Strategy, Profitability, Research, Intelligence & Data Science, Strategic Planning, Succession Planning, Talent Strategy, Team Performance

LawVision Profitability Survey Key Findings

Mark Twain is often reputed to have stated that “history doesn’t repeat itself, but it often rhymes.”  This phrase comes to mind when

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Posted In: Compensation & Performance, Organizational Structure, Practice Group Management

Are Your Practice Groups Working? 5 Reasons Why Law Firm Practice Management Structures Don’t Work

I recently got a call from a firm that wanted to talk about changing their practice management structure.  They had questions about how

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