Sentences with phrase «reduced demand for legal services»
Since then, margins have shrunk because expenses continue to rise, while revenue has flatlined or fallen thanks to reduced demand for legal services.
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Women, and Generation X and Y lawyers more generally, are pushing for these changes on the supply side; clients determined to reduce legal fees and increase flexible service are pulling on the demand side.
Reduced demand for traditional legal services (typically billed by the hour) also means there is less demand for articling students and a tendency towards over-supply of lawyers (while paradoxically at the same time, many rural and smaller communities don't have enough lawyers).
Thomson Reuters has been named the strongest brand in an exciting new index that focuses on the U.S. providers of innovative and technology - driven services that are helping legal professionals respond to demands for great efficiency, flexibility and reduced costs.
Self - service: Websites like Rocket Lawyer and Legal Zoom, where you can create low - cost legal documents, reduce the demand for traditional legal adLegal Zoom, where you can create low - cost legal documents, reduce the demand for traditional legal adlegal documents, reduce the demand for traditional legal adlegal advice.
While developing strategies to cope with the lagging demand for legal services, lawyer management must understand their partners» expectations so that the former may develop and begin to implement strategies to reduce costs and enhance the volume of profitable business which, in turn, leads to increased revenue per lawyer and profits per partner.
Our challenge is to meet client demands for reduced costs and manage their expectations re service levels, all the while providing high - quality legal services in these stressful economic times.
A growing demand for legal services; greater volume of work; higher expectations; quicker turnaround times; higher lawyer salaries; higher operating costs; reduced budgets and lawyer attrition are some of the challenges that lawyers face today.
In addition, that reducing pricing model permits the firm to increase revenue through the ability to access and satisfy the latent unmet demand for legal services.