BY SUSAN MCDONALD The 2008 economic crisis and ensuing Great Recession left many industries facing a new normal, and the legal profession is no exception. The need to become more efficient and provide clients with cost-effective services is one of several trends affecting some of Connecticut’s largest law firms. “The business of law has changed […]

By Frank Michael D’Amore  The quest to not only retain clients, but to acquire new work, can be daunting. It has been well documented that the legal pie, from a relative perspective, is shrinking. The recent recession caused many companies to rethink their legal spending strategy. For example, some litigation that normally would have been fought […]

Alternative Fee Arrangements: The Facts Behind the Buzz by Cindy Greenway Law firms are under increasing pressure from clients to reduce costs and justify expenditures, and alternative fee arrangements (AFAs) are rising to the challenge. While AFAs aren’t exactly a new concept to the legal industry (personal legal services have been offering them for years), […]

Why You Should Build the Cost of Doing Business Into Your Fee Credit card merchant fees (“check out” fees) are back in the news with the recent preliminary class action settlement between retailers and credit card giants Visa and MasterCard. Lawyers who accept credit cards often ask whether they can pass these fees on to their […]

Have you seen the popular news clip that has spawned a media and meme sensation? It’s referred to as “Ain’t nobody got time for that,” and while the meme itself may be pretty silly, I often feel that “marketing… ain’t nobody got time for that!” is what our professional services clients think when I ask […]

A lawsuit could lead to more competition and more choice Feb 2nd 2013 | NEW YORK |From the print edition JACOBY & MYERS embodies what many people dislike about American lawyers. The firm solicits new clients with advertisements which tantalise people with dreams of huge payouts. “Remember that guy? Who came in second at the […]

Thursday 21 February 2013 by Jessica Pryce-Jones Two phenomena are affecting the legal world; productivity and talent retention. The Gazette has widely reported on increasing cost-pressures for high street firms (practising certificate price rises, cuts to public funding for legal aid), as well as talent retention (both lawyers and support staff) in firms both large […]

Revenue Growth Modest at Many Firms, But Profits Surge By Julia Love Contact All Articles The RecorderFebruary 15, 2013 SAN FRANCISCO — Add a little bit of revenue. Subtract partners. Control costs. That math helped a number of California law firms boost their profitability in 2012 despite shaky demand for legal services. At Irell & Manella, a 5 […]

Law firm can’t sue Better Business Bureau for ‘F’ grade under Lanham Act, federal judge rules Posted Feb 20, 2013 2:22 PM CST By Martha Neil A law firm that says it lost clients over disparaging reviews published by the Better Business Bureau of Central Florida Inc. lacks a basis for filing suit under the […]

Your Time Is Money uses bold interface to track billable hours FREEPORT, Grand Bahama Island, Feb. 19, 2013 /PRNewswire/ – Time is money. Few professionals observe this adage as closely as attorneys. Knowing this, busy litigator Jacy Whittaker has launched Your Time Is Money, an innovative iPhone app designed to track billable hours—and convert them into […]