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Stuart Dodds Peter Lane Secor Ru Emerging Approaches to (Paperback) (UK IMPORT)

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Book Title
Emerging Approaches to Law Firm Profitability
Publication Name
Emerging Approaches to Law Firm
Title
Emerging Approaches to Law Firm Profitability
EAN
9781783583348
ISBN
9781783583348
Publisher
Globe Law AND Business The Limited
Format
Trade Paperback
Release Year
2018
Release Date
01/05/2018
Item Height
0.5in
Item Length
6.1in
Author
Srinivas Vadali, Stuart J. T. Dodds
Language
English
Country/Region of Manufacture
GB
Contributor
Francesca Ramadan (Edited by)
Genre
Business & Finance
Subject
Law & Politics
Publication Year
2018
Type
Textbook
Item Width
9.2in
Item Weight
16 Oz
Number of Pages
130 Pages

O tym produkcie

Product Information

The legal profession, like so many other fields, has continued to reel from the deep-reaching and significant impact of the 2008 financial crisis. In the years following the crash, a general downward turn in the demand for legal services compelled firms to tighten their belts, make tough decisions, and come up with innovative strategies in order to survive. One of these was an increased focus on profitability and different means of managing and improving it, a relatively new development for the legal industry. However, in recent years there have been small but positive signs of improvement, manifested in a gradual pick-up in client engagement, as global economies continue to slowly but steadily recover from the crash. It is definitely a better time to be a lawyer, as latent demand begins to manifest in parallel with growing client confidence in a stabilizing market, fast-paced disruptive technological innovations, and significant changes in laws and regulations. However, this does not mean that firms can afford to be complacent. The legal landscape continues to be in flux, and improvement is slow. Increased revenue and client demand does not come to firms that do not proactively seek it, nor is it achieved by those who are not applying innovative and cutting-edge techniques and strategies to the management of their firm. Of course, delivering the best service to clients should always be a top priority; however, there should also be an emphasis on running the firm like a business, which includes intensive scrutiny of expenditure and coming up with new and inventive ways to generate profit. Managing and growing a firm's profitability should not just be an exercise for difficult economic periods, but instead must be a priority at all times. Rather than being perceived as an irksome bolt-on, it is necessary to see it as a great opportunity in these times of increased business. Existing and persistent cultural norms amongst lawyers, however, means that the reform of current business practices does not always come naturally. Nor is it necessarily easy to find the right practical advice that can carry a firm through the transition. Emerging Approaches to Law Firm Profitability aims to be the ideal tool to assist with implementation, providing essential guidance for those seeking new means of maximizing their firm's capacity. Featuring advice and reflections from a wide variety of contributors, ranging from business and finance professionals to thought leaders and consultants, this book offers in-depth, intensive insight into the challenges generated by today's dynamic and hypercompetitive legal landscape. Most importantly, Emerging Approaches to Law Firm Profitability moves past the identification of these obstacles and supplies original, innovative ways of tackling them. Expert guidance is complemented by compelling case studies and effective real-world examples, supplying principles that can be applied to firms of any size or capacity.

Product Identifiers

Publisher
Globe Law AND Business The Limited
ISBN-10
1783583347
ISBN-13
9781783583348
eBay Product ID (ePID)
28050417620

Product Key Features

Author
Srinivas Vadali, Stuart J. T. Dodds
Publication Name
Emerging Approaches to Law Firm
Format
Trade Paperback
Language
English
Publication Year
2018
Type
Textbook
Number of Pages
130 Pages

Dimensions

Item Length
6.1in
Item Height
0.5in
Item Width
9.2in
Item Weight
16 Oz

Additional Product Features

Table of Content
Chapter 1: Law firm economics 101: how law firms make money (or "the business of law") By Stuart Dodds, co-founder and principal of Positive Pricing Chapter 2: Accounts receivable, billable hours, and collections - the end game or a starting point for success? By Ariela Tannenbaum, CEO of Advanced Financial Analytics Chapter 3: Better, faster, cheaper - why clients expect law firms to know about process improvement By Helene Russell, founder of TheKnowledgeBusiness Chapter 4: Fully loaded or not? By Peter Lane Secor, director of strategic pricing and project management at Pepper Hamilton LLP Chapter 5: Developing and defending a profitability model By Paige Keith, chief financial officer at Hawkins Parnell Thackston & Young LLP Chapter 6: In favor of a client- and product-focused profitability analysis By Thomas W. Van Der Moere, chief financial officer at Neal, Gerber & Eisenberg LLP Chapter 7: Better business plans - a blueprint for strategy realization By David J. Parnell, columnist and founder and principal of True North Partner Management Chapter 8: Insourcing and its commercial attractiveness in boosting profitability By Srinivas Vadali, principal management consultant at PA Consulting, and Manish Khandelwal, IT transformation expert at PA Consulting Chapter 9: A model to gauge and understand fee-earners' performance By Rupert Hawke, managing director of UK firm Cartwright Kings Chapter 10: A data scientist's perspective on law firm profitability by Zev J. Eigen, founder and chief science officer of Syndio Solutions Chapter 11: Combining newlaw and established law to create profitable business strategies by Katherine Thomas, consultant and former co-founder and director of Vario for Pinsent Masons
Topic
Legal Profession, General Practice, General
Dewey Decimal
340.0684
Intended Audience
Scholarly & Professional
Dewey Edition
23
Illustrated
Yes
Genre
Law, Business & Economics

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