LawVision INSIGHTS Blog

Posts Tagged ‘business of law’

Posted In: Law Firm Resilience, Pricing Strategy, Profitability, Uncategorized

Mastering the Art of Client Communication on Law Firm Pricing

A recent article on Law.com, Partners Confront ‘Deeply Uncomfortable’ Client Communications on Soaring Billing Rates, highlighted a growing trend in the legal industry:

Read Full Article »

Posted In: Pricing Strategy, Profitability, Uncategorized

Your Strategic Pricing Calculator

Over recent months, I’ve shared components of my strategic pricing toolkit, including the strategic pricing checklist, the pricing calendar, and the performance FICO

Read Full Article »

Posted In: Business Development, Law Firm Resilience

Unlocking the Key to Successful Business Development

As I sat down to begin the workshop, my client provided me with some insights about their team. I listened attentively as they

Read Full Article »

Posted In: Business Development, Law Firm Resilience

Old (But New Again) Growth Strategies for Driving Firm Revenue

Retaining and growing existing client relationships and building new business. That’s basically the business development strategy on which most firms are, or at

Read Full Article »

Posted In: Law Firm Resilience, Profitability, Uncategorized

Your Partner FICO Score for Managing Performance

Law firm leaders constantly seek more effective and transparent measures to assess and boost their financial performance. Although traditional metrics such as effective

Read Full Article »

Posted In: Law Firm Resilience, Organizational Structure, Pricing Strategy, Profitability, Uncategorized

Your Strategic Pricing Execution Checklist

As the year begins, law firms transition their pricing focus from the planning stage to execution. In the second half of 2023, firms

Read Full Article »

Posted In: Business Development, Law Firm Resilience

How to Install a Sales Process at Your Firm

If your firm has a client, it has a sales process. After all, somehow, a buyer of legal services became aware of your

Read Full Article »

Posted In: Artificial Intelligence, Law Firm Resilience, Legal Project Management

Generative AI: A New Tool for Legal Project Management

Co-Author: Amanda C. Chaboryk, Head of Legal Data and Systems, PwC Operate The landscape of artificial intelligence has undergone major developments since the

Read Full Article »

Posted In: Legal Project Management

Is Charisma Necessary for LPM Leaders? 

Charisma, like extroversion, may be highly overrated. You don’t need to be charismatic to inspire people, at least according to leadership consultant Simon

Read Full Article »

Posted In: Business Development, Client Service, Law Firm Resilience, Legal Sales, Strategic Planning

Sharpening Your Law Firm’s Industry-Based Sales Strategy

Over the last two decades there has been a proliferation of practice groups at most firms. Some are practice-specific, fewer are industry-focused, and

Read Full Article »