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Law Firms Happy to Trade Falling Realization Rates for Strong Rate Increases Image

Law Firms Happy to Trade Falling Realization Rates for Strong Rate Increases

Dan Roe

While some firm leaders pointed to market factors such as economic uncertainty, most indicated that declining realization rates were a price they were happy to pay in exchange for several years of strong rate increases.

Features

An Early Look: The 2024 Am Law 200 Financials Image

An Early Look: The 2024 Am Law 200 Financials

ALM Staff

As firm financials results stream in, we're covering them firm by firm, as we've always done. You can read those story in this continually updated feed. So bookmark it, check back regularly, and stay tuned for the Am Law 100 and Second Hundred reports coming soon.

Features

Revolutionizing Revenue: How 'Invoice to Cash' Innovation Rescues Firms from Billing Woes Image

Revolutionizing Revenue: How 'Invoice to Cash' Innovation Rescues Firms from Billing Woes

Milan Bobde

More and more, firms are understanding that it's the firm's ability to convert its agreed rates through billing and collections to collection realization that really counts. So why is it such a challenge for firms to solve it?

Features

Need to Do More with Less? CRM Could Be the Key Image

Need to Do More with Less? CRM Could Be the Key

Chris Fritsch

CRM is foundational to the success of marketing and business development teams because it is precisely the tool that allows the firm to efficiently manage and nurture client and prospect relationships.

Features

Leading Legal Department Trends for 2024 Image

Leading Legal Department Trends for 2024

Wendy King & David Horrigan

Recent research based on interviews with chief legal officers around the globe found that the increased scope and scale of risk now facing corporations is driving change in how legal teams set their strategies, leverage technology and manage operations.

Features

Is Big Law Ending Its Roller Coaster Ride of Volatility? Image

Is Big Law Ending Its Roller Coaster Ride of Volatility?

Andrew Maloney

It's still early in 2024, but law firms may finally be disembarking from a nearly four-year "roller coaster" of volatility, and returning to something that more closely resembles the pre-pandemic era.

Features

AI and Hospitality: Transforming Law Firm Workplaces for the Future Image

AI and Hospitality: Transforming Law Firm Workplaces for the Future

Anthony Davies

As the world ushers in a new era post-pandemic of hybrid operations, it's really no surprise that workplace experience is a top, strategic lever law firm leaders are driving in conjunction with re-envisioning the space their professionals are occupying.

Features

Strategic Planning for 2024: New Considerations for Legal Industry Leaders Image

Strategic Planning for 2024: New Considerations for Legal Industry Leaders

Yuliya LaRoe

The business landscape over the last few years has been changing at an ever-increasing speed, and 2024 promises to be no different. To effectively navigate the challenges and opportunities that present themselves, leaders need to adopt a fresh approach to strategic planning.

Features

White Box vs. Black Box Compensation Systems Image

White Box vs. Black Box Compensation Systems

J. Mark Santiago

Having a compensation system that clearly outlines partner expectations, provides the partners with the ability to validate the results by communicating the results back to them does more to build collegiality than an opaque system that, by its design, promotes distrust and ill will among partners.

Features

The Case for Partnering with a Financial Advisor Image

The Case for Partnering with a Financial Advisor

Bryce Sanders

Unless you carry the correct licenses, it makes sense to develop a relationship with several financial advisors and refer business from time to time.

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