Is there a way for you to improve your firm’s utilization rates? To make your firm more efficient, productive and profitable? No. There isn’t. Not if you’re unaware of the root cause of your problems. You can’t fix the problems in your firm unless you know they exist. Not properly
Realization efficiency is a major challenge for law firms of any size. It’s simply impossible for firms to achieve a collection realization rate of 100 percent. It also seems like an unrealistic expectation to have. Skeptics are quick to mention that this is the way it goes for everyone in
Does your law firm have abnormally high realization rates? A Thompson Reuters report found that collection realization rates are on the decline. Believe it or not, this is actually very good news. This sounds strange, I know. Hourly rates are climbing. Firms are doing more work. Yet they’re discounting consistently and
Have you missed the blind spots that affect your firm’s realization metrics? They’re easy to miss. In fact, when it comes to collection realization rates, our attention tends to be squarely focus on one thing. Getting clients to pay. This is natural and somewhat unavoidable. We’re supposed to asses these
Could you do it? If you had to, could your law firm go paperless today? If you launched a new firm, could you set up document storage, complete with dos and don’ts, in minutes? It’s not as simple as it sounds. Yet it’s something that every firm needs. Your document
Do you know where your data is? A recent report from Gartner found that most law firms are missing almost half their data. Eighty percent of the intellectual property a firm handles is communicated with or stored via email. What does this mean? Attorneys in your firm are losing as