A Thomson Reuters led survey shows that as law firm rates grew, the effective rates paid by clients contracted. How can this be? Read more www.thomsonreuters.com

Rate tiering is a pricing strategy where law firms offer different rate schedules for their services. Each schedule typically includes the same set of timekeepers but at different hourly rates. [...]

A federal judge questioned how much of a $6 billion settlement for military veterans injured by faulty 3M Co. earplugs will go to outside investors. Disclosure is a contentious topic [...]

Keep in mind that legal billing software tools are not all the same. Some are basic and assist with invoicing, while others include time-tracking, accounting, online payments and more. Read [...]

Three reports that will answer most of your financial questions. Read more at www.lawtechnologytoday.org

It’s all too common for legal professionals to log billable hours, send out invoices and not get paid.  Here are a few best practices that will lead to an improved [...]

Whether you are employed by a mid-size firm or have your own practice, opening a separate credit card account for business expenses makes sense for multiple reasons. Read more at [...]

Firms are often surprised to learn their current pricing approach costs them multiple millions of dollars annually, directly hitting the bottom line. They are even more skeptical that meaningful gains [...]

Discounting is necessary but undisciplined discounting can sink profitability. Discounts hit the bottom at a multiplier many times the actual discount. Read more at lawvision.com