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Legal Economics

Legal Economics

‘Lawyers Who Know Their Decisions’ Financial Impact Can Proactively Reduce Profit Leakage’

22nd December 2022 artificiallawyer Comments Off on ‘Lawyers Who Know Their Decisions’ Financial Impact Can Proactively Reduce Profit Leakage’

By BigHand. The demand for legal services may be declining, but law firm leaders cannot let profits fall too. Should you raise hourly billable rates, …

Legal Economics

The Pyramid of Legal Labour – Easter Repost

18th April 2019 artificiallawyer Comments Off on The Pyramid of Legal Labour – Easter Repost

It’s the Easter holidays, so here’s a repost of one of the most popular long reads published in the last 12 months. It was first …

Legal Economics

Legal Bills, Technology and the Weak Buyer Problem

11th September 2018 artificiallawyer 2

‘Legal departments are no longer places where people can say ‘I have to spend this money’. They have to have a budget and work to it,’ says Wenzel.
‘And the way to start [with financial management] is with collecting data. It is all about quantitative data,’ he adds. …

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