Our insights about markets, trends, and emerging best practices help clients achieve market leadership.
June 17, 2020
Law Firms Push to Get Bills Out, See More IOUs During Covid-19
Law firms looking to weather the Covid-19 economic storm are throwing some cash-strapped clients a lifeline while trying to avoid steep discounts and pushing to ensure that bills go out on time. Kent Zimmerman notes the importance of cash to clients in an uncertain economy. As companies grow more concerned about their earnings, edicts will go out to legal departments to spend less.
Read moreJuly 8, 2020
Legal Work's In-House Shift Shows No Sign Of Slowing
In 2019, 28% of respondents to a survey by the Corporate Legal Operations Consortium said they shifted more work in-house, compared with 20% who outsourced more legal work. Industry experts predict this trend will continue long after the pandemic crisis wanes because of cost savings and the increasing sophistication of corporate teams. Alex Dimitrief sees this trend as an opportunity for firm leaders to hone in on specialized work where they can deliver great value to in-house departments in a way that isn't cost ineffective to a company.
Read moreMarch 24, 2020
Big Law Leaders Must Prepare For COVID-19 Economic Fallout
Peter Zeughauser provides recommendations on how law firms can prepare for a likely economic downturn due to COVID-19.
Read more