LawVision INSIGHTS Blog

Archive for NewLaw Business Models Category

Posted In: NewLaw Business Models, Pricing Strategy, Profitability, Strategic Planning, Talent Strategy

Lost Momentum in the Evolution of the Law Firm Business Model

In the midst of a global pandemic, the legal industry has remained incredibly resilient as the demand for services – particularly deal support

Read Full Article »

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

Read Full Article »

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

Read Full Article »

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

Read Full Article »

Posted In: Business Development, Law Firm Resilience, Legal Sales, NewLaw Business Models, Profitability, Strategic Planning, Talent Strategy

The Next (Foreseeable) Disruption for the Legal Industry

To say that we are in a period of change and transition is an understatement.  About a year ago, we all went home,

Read Full Article »

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

Read Full Article »

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

Read Full Article »

Posted In: NewLaw Business Models

What Do You Have to Lose? In 2021, Dare Greatly.

“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of

Read Full Article »

Posted In: NewLaw Business Models, Organizational Structure, Profitability

Captive LPOs: The Right Type of Subsidiary for Your Law Firm?

This article was first published on September 23, 2020 by law.com’s Legaltech News: https://www.law.com/legaltechnews/2020/09/23/captive-lpos-the-right-type-of-subsidiary-for-your-law-firm/  A wholly owned Captive LPO will be more closely

Read Full Article »

Posted In: NewLaw Business Models, Organizational Structure

Working with Alternative Providers to Change a Company’s Use of Legal Services – an Interview with Connie Brenton of NetApp

Alternative legal service providers (ALSPs) are mentioned weekly across the legal press.  While they may be only a small portion of the legal

Read Full Article »