As the digital age came about, a combination of computer technology and intellectual prowess turned mountains of paper into digital files. Fast forward 20 or 30 years and law firms are now sitting on mountains of data, but most aren’t using this data to the best of its ability. Enter knowledge management – an often misunderstood and misused phrase.Read More
There are some technologies that emerge and seamlessly replace the old way of doing things, much like the way email replaced pen and paper as the primary means of business communication. Other technologies take longer to attain mass adoption because of issues with price, ease-of-use, or simply breaking old habits.Read More
For some people, being the “first” at anything can be a scary proposition. According to Everett Rogers’ Law of Diffusion of Innovation, “early adopters” are those who don’t necessarily want to be the first, but are willing to embrace something new and begin to use it after the innovators have paved the way.Read More
Most law firms recognize that the legal market is changing. Most also believe that the business of law must evolve too, to meet changing client demands and grow the business. To do so, all of the many business processes and procedures involved in running a law firm merit evaluation for improvement, in order to be more profitable.Read More
What would an additional two percent of profit do for your law firm? What would two percent more, added to the bottom line, mean for profits per partner, or bonuses to the associates and other law firm staff? What effect would that have on law firm morale, culture, talent acquisition – and even momentum in a highly competitive environment?Read More
Partners and administrators can easily find common ground in the desire to improve the efficiency of law firm billing.Read More
Because firm leaders must have the right information for making decisions, effective BI can provide more decision-making authority and greatly improve a firm’s financial performance.Read More
Demand has dropped, budgets are scrutinized carefully, and new or alternative service providers have entered the market. As a result, the legal landscape has never been more intense and law firms have never had to compete so hard for business. At the same time, corporate clients are demanding greater efficiency, transparency and predictability into the legal work they send to law firms.
This paper will examine the catalysts for greater efficiency in law firms and explore in depth how case […]
The legal market today is rife with volatility and change. Client needs are dynamic,new sources of competition are emerging, and the downward pressures on legal pricing show few signs of slowing.
Some law firms are adapting while others are not. At a recent international conference of managing partners from law firms across the globe, the sentiment was unambiguous. Not only do law firm leaders believe there will be some winners and losers – they believe there are going to be […]