It is a great time to be a lawyer at a law firm. The firm helps law and other professional service firms improve the operations and management of their practices and the lives of their practitioners. If you want to be competitive in a competitive market, turn to your BI for answers to these top questions. Although many kinds of innovations can improve a law firm’s chances of success, technological innovations are high on the list. What can law firms do to make themselves more profitable in a highly competitive environment with little to no demand growth? Those firms and companies that do have dedicated technology specialists tend to be larger or even the … Take a look you may get some additional ideas. Your clients can pay in stages instead of a lump sum, and replenish the amount once the retainer hits a predetermined minimum balance. Today at 1:00 CST, Shawn Tuma and I are doing a Webinar on blogging and social media for … Here are a few ideas that emerged over the course of the discussion. Evergreen retainers are beneficial for your law firm and your clients, as they increase your law firm’s cash flow and collection rate, and can help streamline accounting at your law firm. Listing your law firm onto high quality directories also build links to increase online presence. Across the board, there is a tremendous amount of pent up and latent demand for legal services. Case in point: A recent survey of law firms we conducted suggested about one-third (30%) of law firms have someone dedicated to the responsibility of law firm innovation. 1. Law firms can get terribly competitive for their own good with scenarios straight out of films depicting corporate and law scandals might even come true. Nevertheless, less than 30% of law firms have an employee tasked to drive innovation technology, and the same is likely true of corporate legal departments. According to a new study – the 2017 Aderant Business of Law and Legal Technology Survey which is being released today, the top two challenges facing law firms today are pricing pressure and operational efficiency among 16 choices.Improving operational efficiency as a driver of profit, therefore … Recently I wrote: How a Law Firm Can Provide “Ritz Carlton” Service . Take a look you may get some additional ideas. Try any of these effective law firm marketing strategies. Modern law firms and legal departments continually look for new ways to increase their efficiency and drive productivity. More Insights. Clients want focus and value from their law firm. If you want to be competitive in a competitive market, turn to your BI for answers to these top questions. Innovation is a bit of a buzzword in law firm circles, but research suggests there’s a very real effort behind it. This is immensely beneficial in helping a law firm to appear in search results for prospects looking for legal services. FREE TRIAL. In fact, a recent survey revealed that as many as 30% of all law firms have at least one employee or partner dedicated to staying ahead of the technological curve. Listings in online directories. Clients want focus and value from their law firm. By Craig Dekshenieks, Director, Content & Marketing Operations, Aderant. View Products.

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