Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Legal Times, They Are a'Changing

By Kimberly Alford Rice
December 22, 2010

The year 2010 was another challenging one for the legal services community nationwide, though there have been some signs of stabilization. Law firms and lawyers alike are still mired into figuring out how to manage their practices to retain top talent, strengthen ongoing client relationships, and expand upon the business they currently have. And, don't forget, to make a profit while accomplishing all those tough tasks. Even more of a question for law firms, it seems, is how to adjust their standard operations and approach to become more client-centric. We read over and over how client service has risen as a top priority on the radar of most firms, as it should be (finally).

For our first issue of 2011, we have identified five key areas which continue to trend high in relevance to firms and legal marketers and asked some of the legal marketing profession's top experts to provide insights and perspectives on where the legal services market is heading in the following:

  • ACC Value Challenge
  • Alternative Fee Arrangements (“AFAs”)
  • Attorney Skills Development
  • Evolution of the Business Development Function
  • Proliferation of Proposals/RFPs

The year 2010 was another challenging one for the legal services community nationwide, though there have been some signs of stabilization. Law firms and lawyers alike are still mired into figuring out how to manage their practices to retain top talent, strengthen ongoing client relationships, and expand upon the business they currently have. And, don't forget, to make a profit while accomplishing all those tough tasks. Even more of a question for law firms, it seems, is how to adjust their standard operations and approach to become more client-centric. We read over and over how client service has risen as a top priority on the radar of most firms, as it should be (finally).

For our first issue of 2011, we have identified five key areas which continue to trend high in relevance to firms and legal marketers and asked some of the legal marketing profession's top experts to provide insights and perspectives on where the legal services market is heading in the following:

  • ACC Value Challenge
  • Alternative Fee Arrangements (“AFAs”)
  • Attorney Skills Development
  • Evolution of the Business Development Function
  • Proliferation of Proposals/RFPs

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
COVID-19 and Lease Negotiations: Early Termination Provisions Image

During the COVID-19 pandemic, some tenants were able to negotiate termination agreements with their landlords. But even though a landlord may agree to terminate a lease to regain control of a defaulting tenant's space without costly and lengthy litigation, typically a defaulting tenant that otherwise has no contractual right to terminate its lease will be in a much weaker bargaining position with respect to the conditions for termination.

How Secure Is the AI System Your Law Firm Is Using? Image

What Law Firms Need to Know Before Trusting AI Systems with Confidential Information In a profession where confidentiality is paramount, failing to address AI security concerns could have disastrous consequences. It is vital that law firms and those in related industries ask the right questions about AI security to protect their clients and their reputation.

Authentic Communications Today Increase Success for Value-Driven Clients Image

As the relationship between in-house and outside counsel continues to evolve, lawyers must continue to foster a client-first mindset, offer business-focused solutions, and embrace technology that helps deliver work faster and more efficiently.

Pleading Importation: ITC Decisions Highlight Need for Adequate Evidentiary Support Image

The International Trade Commission is empowered to block the importation into the United States of products that infringe U.S. intellectual property rights, In the past, the ITC generally instituted investigations without questioning the importation allegations in the complaint, however in several recent cases, the ITC declined to institute an investigation as to certain proposed respondents due to inadequate pleading of importation.

Generative AI and the 2024 Elections: Risks, Realities, and Lessons for Businesses Image

GenAI's ability to produce highly sophisticated and convincing content at a fraction of the previous cost has raised fears that it could amplify misinformation. The dissemination of fake audio, images and text could reshape how voters perceive candidates and parties. Businesses, too, face challenges in managing their reputations and navigating this new terrain of manipulated content.

How Much Does the Frequency of Retirement Withdrawals Matter? Image

A recent research paper offers up some unexpected results regarding the best ways to manage retirement income.