Law Firm Profits

Viewing cases as projects has a number of critical advantages for law firms. Here's how it leads to profitability.

Sponsored | Consider the 2017 Thomson Reuters State of Small Law Firm Report which reveals that more than one in 10 law firms don’t even bother to measure profits or revenues.

How can you make sure clients still feel as good about you at the end of their matter as they did at the start? It's a matter of trust.

What law firms can learn from elite rowing teams and their esprit de corps.

You may be good, but you’re not unique. So how do you compete? Find a better market focus — a definable group that you have some honest connection and affinity with.

According to the 2018 Report on the State of the Legal Market by the Thomson Reuters Legal Executive Institute, the business environment for law firms is more challenging than ever with: Flat demand for legal services. Declining profit margins ...

In "Why Lawyers Really Struggle with Work-Life Balance," I listed six steps to building a practice that runs smoothly and allows you to have a life: 1) acquire better management skills; 2) implement better technology; 3) create and install ...

Raise your rates? What is an hour of your time worth? Some might say, “Whatever the market is willing to pay.” How did you decide your hourly rates? How do you make more money? The two obvious ways are work more hours or charge more money. ...

Lawyers spend too much time chasing after unpaid invoices. LawPay’s Scheduled Payments feature helps build a predictable, steady cash flow for your firm. Lawyers spend far too much of their valuable time chasing after unpaid invoices ...

Analysis of a new report on $19.6 billion of approved legal department invoices reveals that to maximize firm profits, partners should focus on developing and retaining senior associates and providing clients with services in multiple practice ...