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As a corollary to the profitability series, this post tackles the need for KM to be tied to profitability in a law firm. Otherwise it becomes KM for the sake of KM. Ron Friedmann’s recent post on KM Reincarnated combined with some recent evaluations of Legal Project Management (LPM) software got me thinking

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In the series on law firm profitability, the clients weren’t directly addressed. As law firms struggle to adapt to a profit margin business model, what will the impact be on how much clients pay and on the quality of services they receive?

We explored two basic methods for lowering the cost of delivery of legal

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In the last post in this series on law firm profitability, we examined the implications of shifting from a cost-plus business model to a margin model for law firms. The bottom-line is that firms need to reduce the number of hours it takes to provide a service, and/or reduce the average cost per hour for

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Back in 2010, the 3 Geeks decided to try out advertising on our blog. Onit, a legal project management provider, was our first advertiser. We were a bit cautious about going down this path. Our initial and on-going intention for the blog was not about getting rich. Mainly we’re having fun exploring ideas in

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Revenue – Cost = Profit: The basic equation that governs business. Yet this remains an elusive, not-yet-understood equation for most law firms. This fourth post in a series on law firm profitability will examine what this equation could and should mean to law firms.
As various legal markets shift from rates to fee pricing,

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Mark Herrmann at ATL, wrote an excellent piece on “Is blogging a useful business development tool?” I thoroughly enjoyed the piece, but take issue with a core aspect of his thesis. He notes that “Blogging can be very rewarding in many different ways, but it will create only a very few (if any) serious

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