Insights & blogs
Capacity Management in Law Firms: Boosting Profits Per Partner
In the fast-paced world of legal services, managing capacity is key to making a law firm profitable and successful. Knowing how to balance your resources with the demand for legal services is crucial for growth and financial health. Effective capacity management for law firms involves a strategic approach to resource allocation and maximizing billable hours, leading to boosting profits per partner (PPP). Let’s dive into how capacity management works and why it’s important for boosting PPP.
Benchmark onderzoek - advocatentarieven
LawyerlinQ helpt juridische organisaties bij het optimaal inkopen en inhuren van advocaten en freelance juristen.
Als onderdeel van onze dienstverlening aan onze corporate klanten voeren wij jaarlijks onderzoek uit naar de tarieven van advocatenkantoren in Nederland door middel van enquêtes en interviews.
How do General Counsel choose law firms?
As a part of my role at LawyerlinQ, I’ve had discussions with over a hundred General Counsel (GCs) regarding the procurement of attorney services. In this blog series, I’ll share my learnings from these conversations. This third blog I will address how choosing a law firm usually goes for companies. It turns out that little to nothing has changed in that over the past few decades.
Why Are External Legal Costs Not a KPI?
As a part of my role at LawyerlinQ, I’ve had discussions with over a hundred General Counsel (GCs) regarding the procurement of attorney services. In this blog series, I’ll share my learnings from these conversations. In this second blog, I will address the question of why reducing external legal costs is not a KPI in Dutch legal departments.
Moving beyond the billable hour trap
In-house teams are adopting a new process that emphasizes the true value of legal services. By segmenting legal matters into milestones and deliverables, and adding a reversed auction process, they are able to select firms based on insight into the value each firm can bring to the table, rather than on the price of billable hours.
Fixed PRICING
From my role at LawyerlinQ, I've had discussions with nearly a hundred GCs over the past few months regarding the procurement of attorney services. In this blog series, I'll share my insights, or "learnings" as we call them internally. This first one focuses on 'fixed pricing'. While everyone claims that fixed pricing is challenging, it turns out to be easier than you think. In this blog I’ll share 3 tips:
It's time
when discussing ways to optimize legal spending, most legal departments still heavily rely on long-term arrangements they have made with their panel firms, which usually involve discounts on hourly rates.
It's been that way forever. But it doesn't make sense.
Sure, you work for a big company, so it doesn't come out of your pocket, but how would you feel if you were personally paying the bills?
