By Andrew Maloney | January 22, 2025
“You’re getting some associate rates cresting to over $1,000 an hour, as much as some junior partners," said Jennifer McIver, of Wolters Kluwer ELM Solutions.
1 minute read
By David Ackert | January 7, 2025
If there's no pushback on new rates, the increase was too low, David Ackert writes: Each strategic adjustment should help cull a few unprofitable clients.
1 minute read
By Dan Roe | December 6, 2024
Firms raised the prices of their cheapest paralegals, associates and partners higher than rate hikes for more experienced professionals of the same tier, bankruptcy court records show.
1 minute read
By Andrew Maloney | October 18, 2024
There are three major pricing errors, and many partners "don't grasp the balance between costs, pricing and profits," one expert says.
4 minute read
By James Palmer | October 17, 2024
"It's a complicated, highly fragmented industry with tens of thousands of people making different decisions every day," said Jason Winmill, legal department consultant.
5 minute read
By Rhys Dipshan | October 8, 2024
At Clio's Cloud Conference 2024, lawyers were wondering what impacts AI will have on their industry—and how they can prepare.
6 minute read
By Mason Lawlor | September 20, 2024
Attorney Charles Hoffecker of Hotchkiss Hoffecker Peacock in Atlanta said the FTC failed to adjust its "shotgun approach" in aggressively pursuing claims against their client despite the emerging evidence that he did not directly participate in unfair and deceptive practices.
4 minute read
By Mimi Lamarre | August 14, 2024
Law firms are increasingly relying on engagement letters or online e-billing platforms to alert clients of rate increases, even though less personalized communication can frustrate clients, sources say.
6 minute read
By Keith Maziarek | July 22, 2024
When you replace your engine (junior lawyers billing hours) with an electric motor (gen AI), your service department isn't making money like it used to.
11 minute read
By Justin Henry | June 25, 2024
The details in an April 2023 memo to the firm's management committee echoed allegations from a recent lawsuit and a 2019 letter to California state labor authorities.
7 minute read
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