Law Firm Profitability

Does Your Law Firm Need a Data Quality Specialist?

There is a lot of chatter these days around the increasing use of data to inform and drive business decisions within law firms. To that,…

Christopher Ende February 24, 2020

PMI Q4 Analysis: With Demand & Rates Growing, Why Isn’t the Legal Market Stronger? Look Overhead

There are many indicators that currently signal that the legal market is gaining strength. For example, law firms saw the first two-year stretch of 1.0%…

Isaac Brooks February 19, 2020

Having a Real Industry Focus — Because Clients Want Law Firms that Know their Business

It is surprisingly common how often you will witness a panel of corporate clients at some legal conference discussing their views on law firms. Invariably…

Patrick J. McKenna February 19, 2020

2020 Report on the State of the Legal Market: A Closer Look at the Cost of Declining Productivity

The 2020 Report on the State of the Legal Market, from Thomson Reuters Legal Executive Institute and the Center on Ethics and the Legal Profession…

Joe Blackwood February 13, 2020

Securing Your Practice’s Future: Making the Pieces Fit Together

Last year was one of substantial change for many small law firms as they continued to develop and refine their skills, especially in regard to…

Mark Haddad February 12, 2020

Marketing Partner Forum: Addressing Client Attrition Through Data Analytics

KEY BISCAYNE, Fla. — During the opening remarks last month at the 27th Annual Marketing Partner Forum, a live poll showed that the 2020 trend within…

Jennifer Roberts February 10, 2020

Marketing Partner Forum: Key Takeaways & the Future of the Client-Centric Law Firm

KEY BISCAYNE, Fla. — While it’s no secret that managing a law practice in today’s rapidly evolving business climate can be challenging, for marketing and…

Legal Executive Institute February 05, 2020

Peer Monitor Economic Index Slips in 2019’s Fourth Quarter

The large law firm market has seen arguably the best two-year period since the end of the recession. Indeed, 2019 marked the first two-year stretch…

Legal Executive Institute February 03, 2020

Improve Your Vision in 2020: Why Being a Visionary Leader Is Critical in Times of Dynamic Change

“What leaders struggle with most is communicating an image of the future that draws others in — that speaks to what others see and feel.”…

Mark Beese January 30, 2020

Eyes on the Prize: Survival Strategies for Midsize Law Firms Facing Big Law in Regional Markets

While global expansion garners top attention in media outlets, another dramatic shift among law firms is taking place at home: Big Law is invading secondary…

Marcie Borgal Shunk January 28, 2020

Practice Group Dynamics: Practice Groups vs. Industry Groups — Which Works Better?

We continue our new column, "Practice Group Dynamics" by Susan Lambreth, who has 25 years experience as a consultant to the legal profession, especially in…

Susan Lambreth January 27, 2020

White Paper: Law Firm Leader Perceptions of the Value of Technology

Law firm leaders who are engaged in making decisions about the technology that’s implemented at their firms seem to uniformly understand that such technology will…

Legal Executive Institute January 27, 2020