Posted In: Legal Project Management, Uncategorized
By Susan Raridon Lambreth on March 7, 2023
In Midtown Manhattan, the temperatures soared to a spring-like 50 degrees when nearly 400 people attended this year’s Practising Law Institute (PLI) on
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: Law Firm Resilience, Mergers & Acquisitions, Strategic Planning, Uncategorized
By Joseph B. Altonji on January 24, 2023
While the post-pandemic merger pace is slower than many expected, law firm combinations are clearly on the rise. More significantly, recent announcements suggest
Posted In: Business Development, Legal Sales
By Steven M. Bell on December 13, 2022
During the pandemic, buyers of legal services not only increased the number of Requests for Proposals (RFPs) issued, but also deployed new technologies
Posted In: ALSP, NewLaw Business Models, Profitability
By Michael D. Short on July 20, 2021
By Mike Short and Yvonne Nath Within many law firms, any variations on the word “commoditized” (i.e., commodity, commodification, commodified) are very bad
Posted In: ALSP, NewLaw Business Models, Profitability
By LawVision on July 19, 2021
By Yvonne Nath and Mike Short Take one type of client work for which you are competing on price. Pick something routine. Preferably work
Posted In: Profitability
By Mark Medice on July 6, 2021
Realization, the long-standing hallmark of law firm performance, is ready for a makeover. While the metric is not inherently flawed, its calculation and
Posted In: Profitability
By Joseph B. Altonji on April 27, 2021
A few weeks ago, I addressed “What’s Next for the Legal World?” in a post focused on critical challenges facing law firms. In
Posted In: Profitability
By Mark Medice on February 3, 2021
The Peer Monitor Index (PMI) just reported Q4 results from 2020, observing that the index hit its highest quarterly score in its history
Posted In: Law Firm Resilience, Profitability, Talent Strategy
By Michael D. Short on December 14, 2020
As a result of the global pandemic and the impact that it has had on law firm operations, platforms, and business models, there