Posted In: Law Firm Resilience, Pricing Strategy, Profitability, Uncategorized
By Mark Medice on January 31, 2023
Recent legal industry reports[1] (i.e., the Citi Advisory and Georgetown Report) have highlighted financial performance for law firms in 2022, which presented law
Posted In: Business Development, Legal Sales, Profitability
By Steven M. Bell on November 15, 2022
“We can go about selling in a systematic way because there are repeatable processes in both buying and selling.” This is an observation
Posted In: Pricing Strategy, Profitability
By Mark Medice on October 31, 2022
Today’s blog is the last installment of a three-part series on Big Pricing Misses1. Pricing is one of your strongest drivers of profitability.
Posted In: Pricing Strategy, Profitability, Strategic Planning, Uncategorized
By Mark Medice on October 24, 2022
Today’s blog is part two of a three-part series on Big Pricing Misses[1]. Last week, I described the current precarious law firm rate-setting
Posted In: Pricing Strategy, Profitability, Uncategorized
By Mark Medice on October 16, 2022
As we look to close out 2022, it has never been more important to execute your pricing strategy well. The competitive market for
Posted In: Benchmarking Research, Compensation & Performance, Profitability
By Mark Medice on February 25, 2022
Great attention is paid to rate and pricing strategy for many law firms but, paradoxically, managing cash flow well is frequently overlooked. Imagine
Posted In: Legal Project Management, Profitability
By Carla Landry on February 21, 2022
Legal project management is all about improving your outcomes. Many firms have an enviable client roster, a strong track record, and deep practice
Posted In: Compensation & Performance, Legal Process Improvement, Pricing Strategy, Profitability, Talent Strategy, Team Performance
By Mark Medice on February 16, 2022
While we are in the early days, 2022 has already delivered many gifts to us, including stock market volatility, high inflation, the advent
Posted In: Compensation & Performance, Profitability, Talent Strategy
By Joseph B. Altonji on February 10, 2022
There may be no single economic challenge facing law firms today bigger than the current war for talent. Driven by transactional practices, the
Posted In: NewLaw Business Models, Pricing Strategy, Profitability, Strategic Planning, Talent Strategy
By Michael D. Short on February 1, 2022
In the midst of a global pandemic, the legal industry has remained incredibly resilient as the demand for services – particularly deal support