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Legal Economics

Legal Economics

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

22nd December 2022 artificiallawyer 0

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 0

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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