LawVision INSIGHTS Blog

Posts Tagged ‘profitability’

Posted In: Compensation & Performance, Law Firm Resilience, Organizational Structure

The Math Behind Declining Work Ethic

It seems like most discussions of law firm productivity these days – from Partners to paralegals – include references to declining billable hours,

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Posted In: Law Firm Resilience, Pricing Strategy, Profitability

Mastering the Art of Rate Execution in the Legal Landscape of 2024

As we usher in 2024, the echoes of 2023’s law firm successes and challenges still linger. Last year, we observed mixed demand, gnawing

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Posted In: Law Firm Resilience, Pricing Strategy, Profitability

Navigating Rate Trends for 2024: Strategies for Pricing Success

Contrary to popular perception, law firm billing rates do not exhibit a steady upward trajectory. Instead, a closer examination of long-term trends reveals

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Posted In: Law Firm Resilience, Pricing Strategy, Profitability

The Nuances of Multi-Tiered Rate Structures: Unraveling the Complexity

I occasionally receive questions about multi-tiered rate structures, which prompted my focus this week. RATE TIER STRATEGY DEFINED Rate tiering is a pricing

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Posted In: Artificial Intelligence, Law Firm Resilience, Pricing Strategy

The Future of Law Firm Pricing: AI, Time, and the Quest for Genuine Value

In my last two pieces, we navigated the intricate landscape of the 2024 law firm rate setting and broached the powerful bond between

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Posted In: Business Development, Client Service, Law Firm Resilience, Leadership Support & Development, Research, Intelligence & Data Science, Strategic Planning

Be an Info Hero at Your Firm: How to Propel Your Career by Learning Basic Business Analysis

Law firms’ increasing focus on user experience creates a tremendous professional opportunity for law firm marketers and business developers. For a long time,

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Posted In: Law Firm Resilience, Practice Group Management, Profitability, Strategic Planning, Uncategorized

Practice Group Management: The Key to More Effective Use of Investment Time to Build Your Firm

Most firms today have embraced effective and empowered practice management for many reasons: improved engagement and retention of their valued professionals, greater profitability,

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Posted In: Legal Project Management

The Gig is Up in 2023: Where’s Your LPM?

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,

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Posted In: Leadership Support & Development, Strategic Planning

The Legal Profession in a “Post-COVID” World – Part 2, The Role of The Client

By Joe Altonji, Mike Short, Mark Medice and Yvonne Nath In our COVID-19 Recovery Playbook, we provided our thinking for firm leadership on

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Posted In: LawVision News, Pricing Strategy, Profitability

LawVision and Clocktimizer Announce Strategic Alliance

LawVision announces their strategic alliance with Clocktimizer, a market leader in pricing, budgeting, and business intelligence tools for law firms. The results from

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