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The volume of work for legal departments continues to grow, yet the overall legal department budget is not increasing at the same rate. Legal departments are dealing with how to…
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5 Simple Ways to Improve Practice Management
It’s no secret that good practice management is the key to a happy, strong and profitable firm. However, poor habits and shortcuts can, over time, make inroads into best practice,…
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Tim Perry Discusses the Challenges Facing Lawyers on the Journey from Graduate to Partnership [Q&A]
Tim Perry is the head of corporate at Practical Law Australia and has more than 12 years’ experience practising at leading law firms in Australia, including Gilbert + Tobin and…
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Achieving Profitability with Alternative Fee Arrangements
With the increasing prevalence of alternative fee arrangements (AFAs) – such as fixed, blended and capped fees and retainers – firms have the ability to increase the client’s perception of…
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What is a True NewLaw Firm?
In an age of disruption, BigLaw or traditional large law firms face increasing competition from rapidly evolving NewLaw providers. But what does NewLaw actually mean, and how do these firms differ…
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Is Your Law Firm Ready for the Big Data Revolution?
In many sectors of the global economy, big data is proving a useful tool for businesses to leverage data analytics in order to tailor their offerings to audiences and gain…
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5 Reasons a Flat-Fee Billing Structure Works
Law firms face increasing pressure to move away from time-based billing, and numerous firms have relinquished the billable hour in favour of alternative fee arrangements. We explore why a flat-fee…
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Could Artificial Intelligence Help Your Law Firm Deliver Better Value?
Advances in automation are empowering lawyers to cut down on labour-intensive, repetitive tasks and instead focus their skills on higher-value work. Now, artificial intelligence (AI) is making this automation much…
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What is Document Automation?
The business of law is changing like never before. Even as the recession eases, corporate clients continue to pressure their law firms to cut costs, increase efficiency, and move to…
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How to Future-Proof Your Firm in the NewLaw Revolution
Firms are stepping beyond the dogma of traditional legal service delivery, lawyers are carving out new flexible career opportunities and clients are getting cost certainty and transparency. But how is…
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