There is simply no evidence that larger clients choose to work with larger firms more often or that smaller clients prefer smaller firms, argues argues Bill Josten from the Legal Executive Institute.
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Billing and Invoicing Posts
Then Tabcorp, Now Afterpay: Who Will AUSTRAC Turn to Next?
The Australian Transaction Reports and Analysis Centre (AUSTRAC) is well known as Australia’s financial intelligence agency. It was perhaps not as well known for its regulatory responsibility – at least…
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Shrinking Legal Budget? Extracting More Value From Your Department Could Be Easier Than You Think
One of the biggest fears General Counsel and legal operations managers commonly experience is the potential for their legal budgets to get cut. On the plus side, there are many ways to extract more value from your legal department, some of which are well worth testing out. Download our guide for expert ideas.
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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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How Bitcoin and Cryptocurrencies are Set to Challenge and Change Law Firms
The 2017 Bitcoin boom means most lawyers have at least heard of this popular cryptocurrency. However, few understand how Bitcoin and other cryptocurrencies really work, how they are used 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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Practice Management and the Future of Your Firm [Guide]
In a competitive industry faced with a decline in demand for legal work and rapid technological change, efficient document management, data security and seamless service delivery have become increasingly important.…
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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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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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Your Checklist for the Perfect Client Estimate
Savvy clients are increasingly seeking more predictability and transparency in billing, requiring firms to brush up on their costing skills. But beyond that, fee earners and firms can also benefit…
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