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How Can Big Law Fix Its Biggest Problems?
From the bane of the billable hour to talent woes and culture concerns, the industry's most pressing problems lack easy solutions. But it doesn't take a magic wand to make progress.
Reed Smith Made a 4-Year Strategy. Then COVID Happened
The global law firm braced itself for the pandemic, and firm leadership expects some efforts to increase efficiency will stick.
Elite Law Firms Are Quietly Outsourcing High-Value Functions. How Far Will They Go?
Outsourcing has led to a sea change at many law firms, and left its mark on the bottom line. Some firms are even planning a shared back-office center, the first of its kind in Big Law. The only question now is what work can't be re-evaluated.
Divergent Perspectives on Law Firm Innovation
Innovation is seen very differently by law firm leaders, partners, and associates
Is UnitedLex the Future? Dan Reed Thinks So.
The alternative legal service provider's CEO has a vision that could forever alter the legal industry. Can he win enough converts to upend the legal job market? Or will UnitedLex turn out to be just another part of the fossil record?
Law Journal Press | Digital Book
Maximizing Law Firm Profitability: Hiring, Training and Developing Productive Lawyers
Authors: Debra Forman
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A Crack in the Wall: Elite Wall Street Firms Are Being Put to the Test
The once-impenetrable facade of some of the country's sturdiest law firms is showing signs of wear in the face of shifting financial markets. Now they are forced to confront a once-foreign concept: competition.
Litigation Funders Face Their Hardest Sell: Big Law
There is more money than ever in the hands of litigation financiers. But can they convince law firms to use it?
In 2018, Law Firms Will Face Greater Challenges Than Slow Growth
A new report by Citi Private Bank's Law Firm Group finds that a slow-growth market for legal services will not abate in 2018. That's just one of several issues facing managing partners as their partnerships continue to age and more competitors squeeze onto their turf.
Hit the Phones! Collection Season Looms Extra Large for New York Law Firms
Rate increases and longer collection cycles mean New York firms have bigger client bills to collect this year-end, according to data from two banks.TRENDING STORIES
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Resources
Revenue, Profit, Cash: Managing Law Firms for Success
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Law Firm Operational Considerations for the Corporate Transparency Act
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The Ultimate Guide to Remote Legal Work
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The Future of AI in Law
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