Posted In: Law Firm Resilience, Profitability
By Mark Medice on August 21, 2023
“The moment you make a mistake in pricing, you’re eating into your reputation or your profits,” wisely stated Katherine Paine, emphasizing the critical
Posted In: Pricing Strategy, Profitability, Uncategorized
By Mark Medice on March 21, 2023
Pricing is a vital topic today. And firms are often surprised when told that their current pricing approach costs them multiple millions of
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: Assessments, Client Service, Leadership Support & Development, Pricing Strategy, Research, Intelligence & Data Science
By Mark Medice on May 12, 2020
Pricing Analytics Survey Background To help law firms think about pricing strategies in the wake of the pandemic, we recently conducted a pricing
Posted In: Pricing Strategy, Profitability, Research, Intelligence & Data Science, Strategic Planning
By Mark Medice on April 28, 2020
Economic Preamble – Setting the Scene In January, I conducted a law firm sentiment survey inquiring how firms performed in 2019 and whether
Posted In: Client Service, Legal Project Management
By Susan Raridon Lambreth on April 27, 2020
In recent weeks, the headlines say it all. Law firms are doing everything possible to minimize the economic downturn and the ongoing financial
Posted In: Pricing Strategy, Profitability
By Mark Medice on April 7, 2020
Industry events related to the Covid-19 pandemic continue to unfold before our eyes. But law firms and other businesses soldier on (mostly from
Posted In: LawVision News, Pricing Strategy, Profitability
By LawVision on March 31, 2020
LawVision announces their strategic alliance with Clocktimizer, a market leader in pricing, budgeting, and business intelligence tools for law firms. The results from
Posted In: Leadership Support & Development, Pricing Strategy, Strategic Planning
By Michael D. Short on February 19, 2019
There may not be another industry that self-commoditizes like legal, primarily because so many Partners choose to compete solely on price. While price