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The Thomson Reuters Institute’s “2023 Report on the State of the Legal Market” shows how decreased demand, rising expenses, changing client preferences, and economic turmoil are impacting the profitability of firms. In this interview, Bill Josten, Legal Marketplace Innovations Insights Strategist for the Thomson Reuters Institute, shares key findings from the report and what firms can learn.
A record number of Americans left the workforce in 2021 in a movement that became known as “The Great Resignation.” An estimated 47 million workers left over COVID concerns, retired early, or reassessed priorities and lifestyle. Now a different trend is emerging as a new study shows “The Great Resignation” is giving way to “The Great Regret.”
Read the case study – and learn why ProLaw is a rock-solid solution for law firm risk management on the Thomson Reuters website.
Firms are working through a competitive landscape for their people, process and profit. As your firm approaches 2023, what topics or competencies does your team need support with to ensure successful business operations?
Too Many Tools? Try a Toolbox. If you manage a law firm’s business functions, you know too well how many moving parts there are to track. Most likely, you use various software packages to help…
Take Practice Panther’s quiz to see where your law firm will be in 5 years.
People looking for legal assistance start with a Google search, so your law firm website needs to be functional and helpful. Using design elements, published content, and advertising campaigns can create a strong online presence for your firm. However, too many attorneys are making the same law firm website mistakes that reduce their lead conversions. Learn how to avoid those mistakes and stay on top of best practices.
Every day, you and those in your law firm engage in processes. A client comes in, they have problems that you know how to solve, you persuade them to pay for your services, you take their information, turn it into all kinds of documents, phone calls, and emails, then you bill them for the effort. All processes. But how do you know the steps you’re taking best serve your clients? Or whether those steps are efficient or profitable?
If a business or law firm is going to get noticed, it has to develop a solid marketing structure. With a little planning, your marketing efforts can increase your law firm’s traffic, grow its client base, and expand its profits. Here are 20 tips to get you started with your SEO.
What does technology competence mean and how is it obtained and maintained? The Successful Firm Project explored these questions and more in The Duty of Technology Competence Q&A Today Huddle with panelists Bonnie Beuth, Tony Gerdes, and Michael Quartararo.