Posted In: Law Firm Resilience, Pricing Strategy, Profitability
By Mark Medice on November 6, 2023
I occasionally receive questions about multi-tiered rate structures, which prompted my focus this week. RATE TIER STRATEGY DEFINED Rate tiering is a pricing
Posted In: Artificial Intelligence, Law Firm Resilience, Pricing Strategy
By Mark Medice on September 26, 2023
In my last two pieces, we navigated the intricate landscape of the 2024 law firm rate setting and broached the powerful bond between
Posted In: Business Development, Client Service, Law Firm Resilience, Leadership Support & Development, Research, Intelligence & Data Science, Strategic Planning
By Steven M. Bell on September 19, 2023
Law firms’ increasing focus on user experience creates a tremendous professional opportunity for law firm marketers and business developers. For a long time,
Posted In: Law Firm Resilience, Practice Group Management, Profitability, Strategic Planning, Uncategorized
By Susan Raridon Lambreth on September 5, 2023
Most firms today have embraced effective and empowered practice management for many reasons: improved engagement and retention of their valued professionals, greater profitability,
Posted In: Business Development, Law Firm Resilience, Strategic Planning
By Steven M. Bell on August 22, 2023
It’s budget season – one of the toughest times for law firm client development leaders because they are asked to allocate a finite
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: Business Development, Law Firm Resilience, Leadership Support & Development, Legal Sales, Uncategorized
By Steven M. Bell on April 4, 2023
As soon as a new lawyer joins a law firm, they get wind of the fact that acquiring new clients and finding new
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: Legal Project Management
By Carla Landry on March 14, 2023
In the first full pandemic year, law firm pricing outpaced inflation. It seemed that law firms couldn’t lose. It’s a new day, though,
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