In the 2017 Australia: State of the Legal Market report, Melbourne Law School and Thomson Reuters Peer Monitor® have set out the dominant trends impacting the legal market in 2017…
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Profitability Posts
Domestic Firms Looking to the Global Market with Country Desks
Domestic Australian law firms are increasingly using ‘country desks’ to attract work from foreign markets, from China to Japan, the Middle East, Europe and beyond. The 2017 Australia: State of…
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2017 Australia: State of the Legal Market [Report]
Melbourne Law School and Thomson Reuters Peer Monitor® are pleased to present this report setting out the dominant trends impacting the legal market in 2017 and the key issues to…
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Thomson Reuters Peer Monitor Report Reveals Slow Quarter for Australian Law Firms
Law firms throughout Australia saw a decline across most segments in the previous quarter, widening the gap between the Big 8 law firms and their Large counterparts. Australian law firms across most…
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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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5 Questions You Should be Asking Your Practice Management Platform Provider
A smart practice management platform can transform even the most disorganised law firm into a well-oiled machine. But there isn’t a one-size-fits-all solution. It’s important to explore your firm’s current…
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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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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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4 Tips to Improve Your Realisation Rates
In a perfect world, every moment we spend on a matter would be billed and paid promptly in full. However, due to a variety of factors this is most often…
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Developing Successful Strategies for Your Law Firm
In a dynamic legal market that is constantly innovating, developing a successful law firm strategy is more important than ever. How do you set your firm apart? How do you…
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