While there may not be a well defined answer to the question, I'm here to tell you that
finding law firm efficiency starts with implementing a better client intake process.
Not exact matches
Law firms are also adapting to the emerging imperative of process improvement,
finding ways to introduce
efficiency and enhance the quality of outcomes through better procedures and workflow systems.
A survey released yesterday on the business of
law and legal technology
finds that competition for legal services remains high, demand remains relatively flat, and
law firms are feeling pressure to lower prices and enhance operational
efficiency.
Law firms are
finding ways to exploit that
efficiency gain, rather than thinking: «there goes my hourly billing targets»
Law firms that have not yet awoken to the need to enhance their efficiency (and, at least as important, their perceived efficiency) in serving corporate clients will find themselves more and more on the outside looking in as work goes to their law firm and other competito
Law firms that have not yet awoken to the need to enhance their
efficiency (and, at least as important, their perceived
efficiency) in serving corporate clients will
find themselves more and more on the outside looking in as work goes to their
law firm and other competito
law firm and other competitors.
But
law firms also realized that they could earn more money by billing more hours — and thus, began increasing billable hour requirements and
finding ways to encourage redundancy rather than
efficiency.
As technology continues to overhaul the legal industry,
finding ways to improve
law firm efficiency has become imperative to survival.
The 2017 Aderant Business of
Law and Legal Technology Survey, released this month, found law firms face rate price pressure and operational efficiency as their two biggest challeng
Law and Legal Technology Survey, released this month,
found law firms face rate price pressure and operational efficiency as their two biggest challeng
law firms face rate price pressure and operational
efficiency as their two biggest challenges:
A company
founded by Carnegie Mellon University alumni has entered the field with a novel technology solution to increase
efficiency and reduce risks for contract negotiations and create new revenue for
law firms.
A recent study by Steve Nelson of The McCormick Group, published at 3 Geeks and a
Law Blog, Midsize
Firms Are Touting Efficiency, But They're Not Hiring Efficiency Experts, found that firms outside the top tier invest less in these two areas than firms in the top
Firms Are Touting
Efficiency, But They're Not Hiring
Efficiency Experts,
found that
firms outside the top tier invest less in these two areas than firms in the top
firms outside the top tier invest less in these two areas than
firms in the top
firms in the top tier.
MetaJure was
founded by lawyers with the specific intent of creating technology tools that improve the quality, productivity and
efficiency of lawyers and
law firms.
Partners and administrators can easily
find common ground in the desire to improve the
efficiency of
law firm billing.