- Thursday, 3 April 2014
A pioneering alternative business structure (ABS) has become one of the first legal practices to introduce employee ownership, while also developing a new form of billing that will see it agree a profit margin with clients, Legal Futures can reveal.
Tags: ABS, Alternative business structures, hourly billing
Posted in Finance, hrtraining, Latest news, Market monitor
- Monday, 14 May 2012
Alternative business structures may well herald the demise of hourly billing as legal practice becomes even more competitive, the Master of the Rolls has predicted. Contingency fees and price comparision websites will also play a role.
Tags: ABS, Alternative business structures, CFAs, contingency fees, fixed fees, hourly billing, price comparison
Posted in Alternative business structures, Latest news
- Thursday, 1 March 2012
Merger and acquisition activity is becoming a far greater strategic priority among the largest law firms, new research has shown – although most still remain wary of alternative business structures. It also highlighted how top firms are being forced to offer fixed fees.
Tags: Alternative business structures, fixed fees, hourly billing, legal process outsourcing, mergers
Posted in Latest news, Market monitor, Outsourcing
- Monday, 20 September 2010
Law firms that fail to embrace “legal process management” will quickly lose out to new competitors, such as accounting firms, legal publishers and businesses fuelled by external investment, Professor Richard Susskind has warned. The legal IT and strategy guru has also criticised the approach of many large firms to making cuts during the recession.
Tags: external investment, hourly billing, legal process outsourcing, Richard Susskind
Posted in Market monitor, News, Outsourcing
The long march of lawyers across Europe continues apace more than 50 years after US law firms, together with their City counterparts, first opened offices in Paris and Brussels.
Where budgets are tight, lawyers will be considering what’s in their existing arsenal to still improve productivity. One effective, accessible and cheap tool is legal project management.
Good customer service should be a priority for any business and, if you want to stay ahead of the competition, something that’s constantly under review.
Spinal Injuries Association and Hudgell Solicitors join forces to fight for the rights of people with spinal cord injury
BigHand sees influx of wins as a series of firms drive efficiencies by switching Document Creation solutions
Latest HMRC property transaction figures show macro-economic conditions continue to subdue residential and commercial property markets