Education and information on the practical issues related to managing a successful legal practice
Alternative Billing Structures in Law Firms
Many attorneys assume that alternative billing arrangements are only for basic legal matters such as estate planning, business entity organization, or an uncontested court case. But these types of arrangements can actually benefit lawyers who specialize in many different areas of law, and the payoff can be satisfied clients as well as healthy law firm realization rates.
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Metrics for the Modern Law Firm
Your firm isn’t a traditional one. Why are you measuring its success like it is? Learn how to build a successful business model in this free Clio webinar.
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When thinking about KPIs (key performance indicators), many lawyers think that simply looking at revenues is enough to keep track of how well their practices are doing. In this webinar, you’ll learn more about realization rate, profit per partner—and why these traditional metrics don’t necessarily work anymore for today’s small and solo firms.
In this webinar, we’ll cover:
-Basic law firm KPIs your firm should be measuring (including utilization rate, realization rate and collection rate)
-How to shift your KPI focus from the billable hour to the client
-How to measure your firm’s success like a startup
Find out how to maximize your ROI by thinking like an entrepreneur and building a successful business model for your firm!
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