Ready Reckoner Table of Advocates for the Retention of Timesheets
Glossary for the billable hour. Which strategy is yours?
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Glossary for the billable hour. Which strategy is yours?
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This was the title of webinar which was organised and facilitated by Ivan Rasic founder of LegalTrek, one of the few practice management vendors out there that I know of who is a thought leader in the legal profession and who is genuinely interested in innovation and the future of law rather than simply trying to sell a product.
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As a client of a law firm, have you ever wondered why, notwithstanding whatever your agreement with your law firm states, many of them bill you at the end of each month?
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If I wanted to start up a law firm in the 21st century based on a 20th century model, here is what I would do.
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Clients are not silly. They know those firm partners who genuinely collaborate internally in their (the clients') best interest, and they are a wake up to those who try to engage in cross selling for their own (the law firms') self interest. They know this primarily through partner behaviour. Because cross selling ain’t collaboration.
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If you are a customer of a law firm and for some reason you are silly enough to allow your law firm to bill you by time, at least ensure that the lawyers working on your matter only work on your matter when they are at their most productive and creative best.
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