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Browsing articles filed under Legacy Posts

Fees - Are Clients Part of the Problem or Part of the Solution?

Ask any private-practice lawyer and they will tell you that clients frequently aggravate their costs through their own conduct. The result is costs that are higher than they could have been, a disgruntled client and almost inevitably, some sort of write-off...

Legacy Posts January 31, 2015

Law firms and procurement : Creating a level playing field

More and more law firms have acquired additional pricing and price negotiation skills or brought in external pricing professionals to participate in the negotiation process. They have also become considerably more rigorous about whether to throw their hat in the ring...

Legacy Posts January 25, 2015

So, You're Going To Nail This Pricing Business in 2015?

We hope that the following synopsis of some of the most popular and widely republished of our 2014 law firm pricing blogs will provide you with some inspiration and guidance as you perhaps ponder what your firms' approach to pricing will be over the next 12 months....

Legacy Posts December 04, 2014

Pricing: What Is Your Firms' IP Worth?

Pam Waldow is a Partner and GC at legal consultancy, Edge International in the US. Pam writes great articles, the latest of which I thoroughly commend – Straight From The Horse’s Mouth: GCs Say What They Want From Outside Firms. I agree with all of it except one of the comments made by...

Legacy Posts October 23, 2014

The Legal Procurement Desiderata

Health Warning: This is a good-natured satirical critique of legal procurement professionals. If you are thin skinned, don’t read it (so now of course you will). Go placidly amid the noise and haste, and remember what peace there may be in silence. Heed the wisdom of the ages...

Legacy Posts October 06, 2014

Pricing: “There are a lot of tricks I knows…”

These lyrics from the musical Les Miserables (Master of The House) are the inspiration for this post. It has for many years been customary for firms to include a variety of sundry charges at the end of the bill but a cost benefit/analysis may well reveal that whilst the practice...

Legacy Posts August 12, 2014

More Than One Bite At The Cherry: Pitches, Bids, Tenders & RFPs

When we work intensively with firms on pricing, a common grizzle is the firms’ frustration with what they characterise as the lack of sophistication with which the ‘procurement’ exercise is run. Non-lawyers often approach the procurement of even sophisticated...

Legacy Posts August 02, 2014

Law Firm Pricing Leadership: Shoot Someone Occasionally

The pricing function in many law firms is something of an orphan. No-one knows who it belongs to so it ends up belonging to no-one. Individual department heads and fee earners make decisions on the fly with little regard to the firms’ pricing policies...

Legacy Posts July 04, 2014

Necrotising Fasciitis: The International Law Firm Pricing Dilemma (Part 2)

The first article in this two-part series looked at some of the underlying structural issues impacting the approach taken by international law firms to the setting of prices in diverse geographical locations. It also identified the increasing propensity...

Legacy Posts June 04, 2014

In-house Legal Budget Cuts: What Does It Really Mean For Your Firm? Well, That Depends

In-house legal teams are under financial pressure. We all know this. In some cases their budgets are relatively static but they want more for the same amount. In other cases the budget has been reduced so they want...

Legacy Posts May 19, 2014

Necrotising Fasciitis: The International Law Firm Pricing Dilemma (Part 1)

A common feature of international law firms is a dissonance between the firm’s organisational and operational structures ... internecine price competition and clients feeding on the carcass of a firm with no clear cross-border pricing strategy...

Legacy Posts April 23, 2014

Time to Increase Prices: I Forget, How Do You Do That Again?

With the economy on the upswing, many lawyers are contemplating increasing prices. In many instances, firms and Chambers have held their rates as much as possible and many will not have been able to implement much if any increase over the last...

Legacy Posts April 11, 2014

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