How the billable hour hurts women
Zimmermann: Up to 20% of AmLaw 200 "Badly Weakened"
How Facebook's Lawyers Price Their Services
Attorneys Should Be Compensated on Efficiency, Not Hours
Weekly Brief: Lawyers Advised To Accept New Reality
Artificial intelligence (AI) is transforming industries across the board, and the legal field is no exception. Clients today are increasingly turning to AI tools like ChatGPT, Google’s Gemini, and other generative platforms...more
Is the billable hour dying? According to research from the latest Legal Trends Report, clients want modern payment options: over half of potential clients would prefer to pay their lawyers using modern service delivery...more
Strategic pricing within law firms is more than just setting rates; it is a year-round endeavor that aligns with the firm’s pursuits, understands industry market cycles, factors practice innovation, and, most critically,...more
Like our law firm clients, Team LISI is committed to diversity, equity, and inclusion (D.E.I.) practices. Diversity includes individuals of different ethnicities, religions, sexual orientations, gender identities, ages,...more
May 17, 2021 | News + Views + To Do's Interview Robyn: Hi everyone and welcome to LISI’s News + Views + To Do’s where we talk with legal industry professionals about what’s going on in their world, how they see our industry...more
It may be tempting to take a do-it-yourself approach to law firm marketing, but hidden costs abound that can cost you significantly in time, money and effectiveness. Consider the math. In an analysis of hourly billing...more
I am enjoying the discussion going on these days about hourly billing. Rachel Barnett of Brooks Brothers recently outlined a well-articulated view of the negatives of the billable hour. Colin Jasper then turned the topic...more
Fee objections happen often, but they are not always what they seem. Next time a prospect objects to your firm’s fees, think about the following questions: Is it real? Is it time? Is there something else? Is that all?...more
In a recent roundtable meeting of CMOs from mid-sized regional firms, participants identified 10 trends they are seeing in 2017....more
Last month I posed the question, “What if you didn’t hit budget in 2016?” This month, I want to look forward into 2017 and offer some prospective advice to help leadership teams either hit budget or optimally manage...more
This month, the Coalition of Technology Resources for Lawyers (“CTRL”) released the results of its survey regarding the use of analytics by corporate legal departments. Data analytics is the use of specialized data systems or...more
Measuring time in six minute increments quickly becomes second nature for attorneys in private practice. We track every minute spent on a client’s file and manage the billable hour to provide the most efficient and effective...more
I love being a lawyer and I wanted to be one since Mrs. Rosenblum’s third grade class. I love being a lawyer a lot more since I started my own practice more than 3 years ago and one of the reasons is because by being on my...more
A common scenario confronts my law firm clients, prompting them to call me: “We are increasingly required to adopt alternative fee arrangements for clients who prefer low cost over quality, and we struggle with whether...more