As we look ahead to 2025, managing and reducing legal expenses is top of mind for many businesses. Being proactive about legal spend is one of many factors that contributed to our early launch slogans: "A New Paradigm for a New Economy." When ZentLaw launched in 2002, the "new economy" was one involving everything from businesses picking up the pieces following a rough period after the events of 9-11, to sky high rates at law firms, to the emerging "dot com" boom. It was an opportunity to do things differently that led to our entry into the market as one of the earliest "Alternative Legal Services Providers" or "ALSPs." That was 22 years ago yet it's just as relevant today. Grab your popcorn and let’s unpack what's happening with law firm rates and strategies in the new year. #BigLaw #ALSP #LegalIndustry #ZentLaw #LegalTre
ZentLaw’s Post
More Relevant Posts
-
With the EOFY fast approaching, taking stock of your law firm’s finances is critical for your practice's success in 2025 and beyond. Read the latest from Denise Farmer, GM APAC of Clio - Cloud-Based Legal Technology👇 https://lnkd.in/gFtbSrZZ #lawfirm #lawfirms #legalprofession #EOFY
To view or add a comment, sign in
-
The mid-market miniseries alights on the position and future prospects of mid-market firms. This series opener focuses on the work itself, which clients bring to our industry, and assesses evolving responses from Big Law, midmarket and ALSPs. #LeanAdviser https://lnkd.in/grFQCH8N
To view or add a comment, sign in
-
Partner and Chair of Fisher Jones Greenwood LLP Greenwood, Tony Fisher, explains how joining Lawfront provided the firm with the capital it required to take the business to the next level. Lawfront enables its regional firms to achieve their growth ambitions through investment in people, technology and the infrastructure that supports them. This growth is part of working collaboratively to learn and develop as a national legal services business. If you’re interested in finding out how Lawfront can support your growth ambitions, visit our website >>> https://lnkd.in/endaDcS9 #lawfront #legal #capitalgrowth #legalservices
To view or add a comment, sign in
-
As I shared with The American Lawyer and Andrew Maloney this week, the metrics for promotion to equity partner are getting tougher at many law firms - which leaves non-equity partner and other attorneys wondering where they fit and whether to stay. As the definition of "top talent" becomes narrower in many instances, though, it's harder to see a path in some firms. The law firms that figure out how to best incentivize both income AND equity partners will be those that succeed in attracting AND retaining both. I coach many BigLaw attorneys who are trying to decide if they are best placed at their current firms, how they navigate in this environment, and when it's time to look elsewhere for a better fit. The good news is there are other options, and firms that are trying to find a better way. Please reach out to me if I can help you in this analysis. https://lnkd.in/ehS5RtPE #biglaw #amlaw #amlaw100 #amlaw200 #amlaw25 #lawfirms #lawyerlife #lawyercoaching #lawyercoach #lawyer #attorney
It's Not Just the Spread. Big Law Is Making More 'Business-Driven' Pay Choices | The American Lawyer
law.com
To view or add a comment, sign in
-
How can tech-savvy GCs overcome governance and productivity challenges? Our friends at Litera have 'The Modern CLO & Legal Ops Toolkit', which provides a road map to excel in an evolving landscape. Download your free toolkit today! https://lnkd.in/gqr6CjSE #LegalTech #LegalOps #LawFirm #sponsored
How Tech-Savvy GCs Can Overcome Governance And Productivity Challenges - Above the Law
abovethelaw.com
To view or add a comment, sign in
-
[WATCH NOW] The 2024 Law Firm Appointment Engine WATCH HERE ⏩ https://lnkd.in/eBiqnZCZ 🔗 Discover the revamped 3-Part strategy to boost your monthly income by an extra $10k, $20k, or $50k consistently, through 2024. Keep your pipeline flowing and build a rock-solid foundation for unstoppable growth.
To view or add a comment, sign in
-
Even though partner moves were down year over year, #DecipherInvestigativeIntelligence noted that law firms last year figured out one of the fastest ways to grow: buying partners with books of business. This has been the custom and practice of #AmLaw and #MagicCircle firms during times of economic tightening over the past number of years but it is also their M.O. during strong economic times.
Law Firms Seek Out 'Money-Generating' Partner Moves Amid Big Law's Arms Race | National Law Journal
law.com
To view or add a comment, sign in
-
This is so on point and so interesting to me from a logical standpoint looking five moves ahead. The legal industry will fundamentally be different in five years. Whether the profession is slow to change doesn’t mean it can’t also see that the future holds change.
Innovation challenges in law firms? "We are slow movers and in being slow movers, we become even more cautious about the moves we make. Ultimately, sometimes that's why you always say law firms never want to be a first mover right In reality we kind of want to be the 50th mover," Tamara Box, Former Managing Partner at Reed Smith LLP. From the panel session 'The Death of the Billable Hour' at LegalTechTalk 2024. Missed LegalTechTalk this year? Check it out 👉 https://lnkd.in/ePf24n2N LegalTechTalk will be back next year on June 26-27, 2025. Mark your calendars and stay tuned for more information! #Legaltechtalk #LTT24 #LTT25
To view or add a comment, sign in
-
This Independence Day, we salute the entrepreneurial spirit that drives our economy forward. At Martin Law, we stand by employers, providing comprehensive defense against legal challenges that threaten their independence. As you celebrate with family and friends, remember that protecting your business's autonomy is crucial. Happy Fourth of July! #MartinLawFirm #IndependenceDay
To view or add a comment, sign in
-
At Casey d Conklin, we believe that knowledge is power. Empowering businesses to understand and navigate the legal world is our mission. Here’s to building stronger, more resilient businesses together! #EmpowerBusiness #LegalSupport #BusinessGrowth #LawyerAdvice #SmallBusinessLove #BusinessInspiration #EntrepreneurMindset #LawFirmLife #Empowerment #ResilientBusinesses #StrongerTogether #KnowledgeIsPower #EntrepreneurQuotes #BusinessWisdom #LegalGuidance #LawyerUp #BusinessSupport
To view or add a comment, sign in
1,829 followers