Law Firm Economics

Bloomberg Law has a fantastic interview with Bruce Macewen of Adam Smith, Esq. that should be required watching for every law firms managing partner. Macewen discusses what he calls “suicide pricing”, or pricing work at cost, just to meet overhead.

The problems are structural, as the cost structure of most law firms is not in alignment with the realities of the legal services landscape.

 

Posted on October 15, 2012 in Data Analysis, Law Firm Analytics

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