Many Australian law firms are currently failing to maximise their business development opportunities. Research shows 69 per cent of law firms with an ‘under developed’ marketing and business development function…
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Should Your Firm Join the Gig Economy?
A career in the legal sector has traditionally offered only two distinct paths: private practice or in-house counsel. In recent years, however, lawyers have forged a new path: freelancing. These…
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Cultivating Innovation in a Risk-Averse Legal Industry
Innovation has always been synonymous with risk. In the past, pure technical ability — not innovation — was the key differentiator between firms in a traditionally risk-averse and inherently conservative…
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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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Future-Proofing Your In-House Legal Team
When it comes to planning for the future, in-house counsel experience a different world than their law firm counterparts. Flatter hierarchical structures may mean a more challenging climb for ambitious…
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Bringing it Home: What the Decline of Offshore LPOs Means for Law Firms
Futurist and technology guru Richard Susskind recently envisioned a “decomposed” legal world where clients would pay less for processes and more for high-value advisory work. Susskind’s prediction isn’t new and it appears he was…
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The Dos and Don’ts of Law Firm App Development
As digital becomes increasingly vital in business, law firms are upping the ante and differentiating themselves with the use of app technology. As observed in the recent 2016 Australia: State…
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Co-Creation to Enhance the Client Experience
As empowered clients continue to be more discerning in their choice of legal service providers, law firms need to think about more innovative ways to enhance the client experience and…
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Specialty Focus Gives Niche Law Firms a Winning Edge
According to recent reports, the growth rate of specialist and boutique law firms in Australia is increasing. We look at the fresh approach some firms are applying to specialisation and…
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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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