PerformLaw

Law Firm Best Practices Blog

Is Your Firm a Disciplined Law Firm?

on Jun 5, 2017 10:34:00 AM

Now at the midpoint of the year, how are things going?  Well, I hope.

 

At this point, it may be difficult to determine how successful the year will be for the firm. While success may be defined in a number of ways, most everyone’s definition includes: 

- their personal income,

- the overall size of the profit pool and

- if there was enough money to compensate the firm’s key people fairly.

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The Legal Market is Fine for Those Who Adapt

on Jun 9, 2015 12:01:43 PM

In far too many instances, I hear firm management and partners attribute underperformance to a tight legal market. Yes, the legal market may be tight, but I believe it is equally important to acknowledge that underperforming firms and partners could do more to respond to a changing market.

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Presentation: Calculating Client Profitability

on May 29, 2015 11:27:36 AM

After presenting to the GLA ALA's Finance Group and to a webinar with participants from across the country, PerformLaw's "Calculating Client Profitability: Analysis to Action" is now online.

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Client Profitability: Analysis to Action

on Apr 13, 2015 10:55:05 AM

Client profitability analysis is gaining popularity and acceptance. The ability to allocate expenses and generate profitability reporting at the client or matter level has become a leading selling feature for a number of the law firm management software vendors. I think this is a good development. As firms continue to embrace profitability reporting, software vendors will have more incentive to further develop client profitability best practices.

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Dealing With An Outlier

on Feb 25, 2015 11:02:52 AM

In the small to mid-sized market, it is not unusual to encounter a firm that consists of relatively similar practices in terms of volume and rate coupled with one extraordinary practice. I refer to this one extraordinary practice as an outlier. For firms in this situation, handling the outlier practice may be a real challenge.

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Setting Legal Fees: Factors to Consider

on Dec 18, 2014 12:13:44 PM
The following guest post was written by Craig Hollett, a leading commercial litigator at Bowen Buchbinder Vilensky. The post includes Craig’s response to a question regarding the factors he considers when setting legal fees.

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law firm management concepts blog discusses relevant law firm topics

The Law Firm Management Concepts blog includes conceptual posts on important issues to law firms. These posts will correspond  to the posts found on our main blog ("Law Firm Best Practices") which offers detailed analysis and advice for putting concepts into practice.

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