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Tag Archives: law firm profitability

7 Takeaways from a Geek’s Presentation on Law Firm Pricing

7 Takeaways from a Profitability Geek’s Presentation on Law Firm Pricing

The better law firms are at pricing the better it is for the market.  So said Toby Brown, a law firm pricing specialist and contributor to 3 Geeks and  Law Blog. His comments were provided during an outstanding ABA TECHSHOW session titled, The Changing Face of Large Case Financing & Billing. Lawyers are not comfortable having conversations about fees (both ... Read More »

Five Quick Takes from the Survey of Law Firm Economics

After a week of stories about “big law is dying” the continuation of that news angle was somewhat blunted today with the announcement of the 2013 Survey of Law Firm Economics, which was first published in 1972. The study, conducted jointly by ALM and The National Law Journal, is a survey of 2012 economic figures and “contains information about nearly 10,000 lawyers from 159 U.S. law firms,” ... Read More »

Law Firm Housekeeping: Bill or Goodbye, Partners

law-firm-housekeeping

In today’s legal economy, it’s not enough to be a good lawyer and practice law. Whereas in the past a law firm evaluated performance of junior and senior associates and acted accordingly, these days even partners are being targeted. But this is not totally new news. In a recent Wall Street Journal article, cuts to law firm partners have been occurring ... Read More »