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Referrals, and how much your attorney referral fees are, play a strategic role in increasing your law firm’s total profitability. Their importance extends beyond just expanding a firm’s clientele base, creating a ripple effect of benefits — from increasing the ROI of individual case types, to ensuring legal compliance and fostering
Offering payment flexibility has become a paramount consideration for law firms. Clients increasingly demand options that align with their financial situations, and embracing attorney payment plans can be a strategic advantage.
The legal industry, in recent years, has witnessed a seismic shift towards the adoption of “flat fee billing”, an alternative to the traditional “hourly rate billing.” This trend has emerged in response to client demands for greater predictability and transparency in legal costs. T
Most businesses keenly understand the ebb and flow of seasonal cycles. Service companies like air conditioning contractors, vacation travel firms, resorts and airlines see peak business during the hot summer months, while many retailers tend to see their busiest season right around the holidays and tax attorneys and accountants see
Setting the right billing rates for your law firm is crucial for your success. It’s not just about being competitive; it’s also about ensuring profitability while considering market realities, such as prevailing rates, your firm’s reputation, and your clients’ ability to pay. In this blog, we’ll explore the key factors
An aging population, increased awareness of health risks brought on by the pandemic and concerns about inflation are prompting more Americans to consider wills, estate plans and comprehensive legal guidance for their later years. However, the majority of Americans – approximately two-thirds – have not yet prepared any form of
If you are reading the headlines and wondering how to generate growth at your law firm in the face of economic headwinds, don’t assume it will be impossible. The good news is it’s possible to expand a firm even in a down economy. However, enabling growth requires establishing goals, monitoring
Despite the limited vacation time that most Americans receive, billions of dollars’ worth of paid vacation days still go unused. Even when people do manage to take time off, many find it challenging to relax fully. According to a Glassdoor survey conducted in 2022 of over 20,000 professionals, 54% expressed
In today’s rapidly evolving legal landscape, technology plays a pivotal role in shaping the efficiency, productivity and competitiveness of law firms. While a slowing economy may prompt cautious financial decisions, it can also present an opportune moment for law firms to strategically invest in technology.
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