Law Firm Profitability

By Colin Cameron | A collection of innovative and practical ideas for increasing law firm profitability www.lawprofitability.com

5 Marketing Success Metrics You Probably Aren't Measuring

These under-used indicators of success will help you see where you stand in the competitive landscape<p>Today's marketing landscape is more complicated and multifaceted than ever before: Marketers at multi-national corporations and solopreneurs alike are left to balance the demands and differing …

Digital Marketing

Blockchain could ‘change everything’ for real estate

“This changes everything.” That’s how Apple introduced the original iPhone in 2007. But it could just as easily apply here and now to the blockchain and its potential to enable transformative innovation in a variety of industries.<p>The most mature proposals for blockchain-led innovation are in the …

Bitcoin

Google’s Chatbase bot analytics platform opens to all

Google’s chatbot analytics platform is now open to everyone, more than six months after its quiet debut during the company’s I/O developer conference. Called Chatbase, it’s intended to help developers better analyze and optimize their bots so they can improve conversion rates and accuracy — and …

Chatbots

Why Decentralized Artificial Intelligence Will Reinvent The Industry As We Know It

Until recently, the contemporary AI industry had been built around a centralized distribution paradigm where machine learning solutions are delivered as a part of cloud-based APIs and software packages deployed on remote servers of AI providers. Now, we are moving toward the next frontier — …

Bitcoin

Firms Offer More Web-Based Legal Tools, But at What Price?

As law firms take advantage of evolving technologies to launch their own proprietary online legal tools, many are wrestling with a key question: How …

The City

Is Time Really The New Black? Hardly. | In Search of Perfect Client Service

I just finished reading Mary Juetten’s post in Above the Law, Time Is The New Black. I was struck by this statement: “Also, all should reject the …

Should Lawyers Advertise Their Fees?

Some clients complained to me about lawyers being secretive when it comes to pricing. Specifically, they ask why they don’t advertise their fees like …

Law

Proofreading Software that Helps you Perfect Your Legal Documents

Corporate transactional documents must be accurate, attractive, and polished. You can’t have spelling or grammatical mistakes, and formatting needs …

Microsoft Word

Why Every Law Firm Needs an E-Signature Solution

The world is going paperless, slowly but surely. In fact, many young people and startup companies don’t even own printers, scanners, or fax machines …

Paperless Office

How Much Are You Getting Paid Next Year?

It’s nice to say that you’re not in the legal game for the money, but at a certain point that’s all hokum. Even with the best of intentions, the …

Law

Don't become a "Royal"

Are you Leading or Managing your Long-Distance Team? Part 1<p>This blog is the first of a two-part series discussing the unique challenges to distance …

Management

Developing Innovation Management through the Use of KPIs

Written by Teodora Oltean-Gocan on July 31, 2017. Posted in Articles, KPI<p>Today’s world is constantly changing. Markets change, grow, or shrink, …

Innovation

Our Vision: an Intelligent Legal Assistant

Artificial intelligence is starting to change the way we live and work.<p>From a chatbot being granted official residence in Tokyo to Waymo’s truly …

Intelligence

Podcast: The Apple Product Cheat Sheet for Lawyers

In this episode of The Digital Edge, Sharon Nelson and I talk to Brett Burney about the latest Apple products and how they can serve lawyers. Our …

Cheat

5-Step Legal Marketing Plan, Step 2: Do a SWOT Analysis

In the first post of this series, we visualized your ideal customer and defined one or two niches that will be the focus of your firm.<p>Step two is to …

SWOT analysis

The Impact On Energy If The House's "Tax Cuts And Jobs Act" Passes

We drafted a tax alert that addresses the impact of the much anticipated "Tax Cut and Jobs Act" (H.R. 1) on the energy industry. The complete text of …

Renewable Energy

Is Change Now Unstoppable for Law Firm Billing? | The American Lawyer

New billing models are about to sweep the industry, according to one law firm leader who says alternative fees helped catapult his firm onto The Am …

Legal Services

Prosper in Flat Times with Knowledge Management

<b>Start Time by Time Zone: <br>9:00 am PDT<br>10:00 am MDT<br>11:00 am CD</b><b>T<br>12:00 pm EDT <br>5:00 pm UTC</b><p><b>Prosper in Flat Times with Knowledge Management</b><p><b>Description:</b><br>Many …

Toronto and Vancouver tech insiders weigh in on value of snagging Amazon's HQ2

Canadian cities may have a shot at Amazon's next headquarters — but should they really want one?<p>It seems like a can't miss opportunity. Tens of …

E-Signatures in Adobe PDFs

A few years ago, I interviewed Mike Dillon, general counsel at Adobe Systems. Dillon chuckled over how, before coming to Adobe, he’d had to sign …

Software

What’s Your Employer Value Proposition?

Does your firm struggle to attract the smart, capable people you need to take your business to a higher level of success? You’re not alone.Hiring and …

Value Propositions

Why You Don't Need a Business Plan (And the 1 Thing You Need Instead)

It's a mentality, not a piece of paper.<p>There are a great many entrepreneurs who sit around all day brainstorming the perfect idea.<p>First of all, no great business comes from a long day of sitting at your desk wondering what will work. Great businesses are the product of trying, failing, iterating, …

Entrepreneurship

Who Will Sell a Law Firm’s Services? (Perspective)

<i>Editor’s Note: The author is the former editor in chief of The American Lawyer, is a partner at a law firm consulting group</i>.<p><b>By Aric Press, PP&C</b> …

The City

Revisiting the Case for Project Management in Legal Practice

I hesitate to write further about project management in legal practice because there has been so much said about it, but I just finished my exam to …

Project Management

Think Like a High-Growth Firm

Many firms have the potential to be high-growth superstars. These high performers come from every corner of the professional services universe. Some …

Leadership

New Rivalries Emerge as Law Firms Race to Innovate | The American Lawyer

<i>Credit: Shutterstock</i><p><i>Like this column? Email rstrom@alm.com to sign up for a new Law.com email newsletter, “The Law Firm Disrupted.” Written once a</i> …

Innovation

Cost and Benefits of Market Research

What are the benefits of market research for professional services firms? Is it worth the cost? And does it really matter?These are some of the …

Market Research

Bankers and financiers, not lawyers, are the true professionals when it comes to the health of troubled firms

<i>Hong Kong’s slip to fifth [in a World Bank survey] was mainly because of a lower score in “resolving insolvency” ... for the corporate sector, a</i> …

Economy