Market forces are converging to change the competitive environment for law firms. What role does a firm’s business model play in achieving success? Michael writes on how one law firm’s unique model has led to fast growth.
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5 Simple Ways to Improve Practice Management
It’s no secret that good practice management is the key to a happy, strong and profitable firm. However, poor habits and shortcuts can, over time, make inroads into best practice,…
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How to Improve Gender Diversity in Law Firms
There are now more female lawyers than male lawyers practising in Australia¹, so it is crucial that law firms adopt a proactive approach to gender diversity. It is well understood…
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Why Upskilling Junior Lawyers Should be Your Firm’s Priority
The law firm model is broken. Industry commentators and those who work within it are increasingly pointing out how the traditional pyramid law firm model (a select number of senior…
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Business Development: How to Increase Results for Your Law Firm
Many Australian law firms are currently failing to maximise their business development opportunities. Research shows 69 per cent of law firms with an ‘under developed’ marketing and business development function…
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Cultivating Innovation in a Risk-Averse Legal Industry
Innovation has always been synonymous with risk. In the past, pure technical ability — not innovation — was the key differentiator between firms in a traditionally risk-averse and inherently conservative…
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Achieving Profitability with Alternative Fee Arrangements
With the increasing prevalence of alternative fee arrangements (AFAs) – such as fixed, blended and capped fees and retainers – firms have the ability to increase the client’s perception of…
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Developing Successful Strategies for Your Law Firm
In a dynamic legal market that is constantly innovating, developing a successful law firm strategy is more important than ever. How do you set your firm apart? How do you…
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6 Simple Ways to Make Your Law Firm Profitable
In a competitive market where legal clients demand more for less, law firms need to become more efficient and maximise their billable time to generate greater return. There are simple ways…
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A Guide to Managing Client Expectations: Unrealistic to Realistic
Demanding clients are nothing new in law, so how can you live up to their expectations while maintaining your sanity? Here are some tips to managing client expectations that are unattainable in the short term, or unsustainable in the long term.
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