The Melbourne Law School and Thomson Reuters Peer Monitor® are pleased to present this report setting out the dominant trends impacting the legal market in 2015 and the key issues likely to…
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Profitability Posts
The Future of Law Firms: Expansion or Niche?
If law firms are to survive the radical transformation making waves through the legal industry, they must evolve their business models in line with changing expectations, technology and service delivery…
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Will Alternative Billing Work for You? 4 Things to Consider
With increasing pressure from clients to provide greater value and transparency, many firms are offering alternative fee arrangements. But how can you determine which alternative billing structure is best for…
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3 Ways to a More Profitable Practice (Without Cutting Costs)
When managing partners start to talk about ways to increase a firm’s income, one of the first things they think of is reducing overheads. However, while cutting costs can play…
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3 Financial Arguments for Cloud Adoption
New research indicates a staggering 88 per cent of small to medium sized businesses have experienced cost savings after switching to the cloud. What financial benefits could cloud adoption bring…
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Practice Management: To Automate or Not to Automate?
Research reveals many small to medium-sized law firms could be losing money due to inefficient practice management processes. But do the cost-saving benefits of automation justify the investment in the…
Read more4 Growth Sectors Driving a Need for Legal Services
Successful firm management requires an understanding of dynamics not just in the legal market, but also in the markets it serves. Steady long-term profitability depends on knowing where the next…
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Implement a Workplace Mental Health Strategy and Boost Your Bottom Line
Addressing and improving workplace mental health can have significant benefits for not only your law firm’s staff and their productivity, but your bottom line as well. It is now widely…
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Is the Partnership Model in Decline?
With the current generation of young lawyers less inclined to make a long-term career commitment, is the traditional legal partnership model on its way out? And will we see ownership…
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On Reflection. Best Practice in the Australian Legal Industry [Whitepaper]
Reflection is a key step when setting out to improve a process, practice or skill. Earlier this year over 130 senior fee-earning legal practitioners took time to do just that,…
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