Law Firm Profitability

Harnessing Collective Knowledge: An Interview with Schulte Roth’s KM Special Counsel Patrick Dundas (Part 1)

Law firms are quickly waking up to the vital need to utilize the collective knowledge of their organization and allow their lawyers to access this…

David Curle November 21, 2019

“Show Me the Math”: The Importance of Cost Estimates in the New Legal Marketplace

Gone are the days when a law firm would provide their corporate client with a cost estimate for a matter that was based solely on…

Richard Brzakala November 20, 2019

Forum Magazine: The Bryan Cave Case Study — How Data is Used in Firms

Bryan Cave Leighton Paisner (BCLP) has for many years recognized the importance of leveraging data and adopting a data-driven approach to decision making across three…

Legal Executive Institute November 19, 2019

PMI Q3 Analysis: The Many Peaks of Demand within Practices

“Those at the top of the mountain didn't fall there." —Marcus Washling The legal service industry has made headlines of late for the impressive demand growth…

Isaac Brooks November 18, 2019

Despite the Clichés, Strategy is an Elusive, Complex Concept for Law Firms, Panel Says

“A goal without a plan is just a wish.” — Antoine de Saint-Exupéry NEW YORK — What do law firms mean by strategy? All law…

Gregg Wirth November 13, 2019

The 2019 Law Firm Business Leaders Report: Listening to the Business Side of the Law Firm

Most legal market surveys focus on law firm partners, and understandably so. With law firm C-suites becoming the rule rather than the exception, it’s important…

Barb McGivern November 12, 2019

The 2020 Law Firm Financial Performance Forum

The 2020 Law Firm Financial Performance Forum is a half-day, interactive program that brings together law firm executives for a series of group-driven workshops on…

Legal Executive Institute November 08, 2019

Forum Magazine: Transparent Pricing — Legal Services Sold with a Price Tag, Not a Running Meter

The global legal service market will grow to more than $1 trillion after 2020. That is quite impressive — however, to the corporate clients who…

Petra van Hilst November 05, 2019

The 19th Annual Law Firm COO & CFO Forum

The Thomson Reuters Legal Executive Institute is pleased to present the 19th Annual Law Firm COO & CFO Forum in New York City. The premier (inter)national…

Legal Executive Institute November 05, 2019

Peer Monitor Economic Index Gains in Third Quarter as Demand Surges

While the large law market in 2019 isn’t an exact reflection of 2018 so far, there are some similarities — including improved demand and rates…

Isaac Brooks November 04, 2019

A Lucrative Micro-Niche: Anti-Aging & Regenerative Medicine

About five years ago, I sat on the board of a group of private medical clinics in Western Canada, one of the largest players in…

Patrick J. McKenna October 31, 2019

Are Litigation Filings a Predictor of Increased Legal Demand?

We’ve seen a steady rise in the use of predictability analysis and other data analytics at law firms. From estimating the cost of a matter…

Becky Stander October 29, 2019