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| image [cc] Karan Jain |
It may appear I am on some Defend BigLaw run with my recent posts. It’s actually not that, but merely some pent up pet peeves I need to air. This one addresses the attack on law firms for how they come up with matter budgets and fixed fees.
The scenario goes
Seems that Client Relationship Management (CRM) expenses aren’t the only perceived wasteful expenditures on a law firm’s balance sheet. One other costly resource that firms seem to be taking another look at lately is their Martindale-Hubbell contracts. One librarian from a mid-sized Georgia firm decided to query her peers to see if they also thought
Based on comments received and related blog posts I thought I would clarify my Convergence post. References to “convergence” can touch on two separate issues:When it comes to #2, I agree that a smaller
In an attempt to out do the “X for Dummies” approach, Greg and I are going to use the “Whadya Stupid or Somethin?” brand and see what we can make of it.
This week I saw one too many RFPs stating something along the lines of, “in order to better control our costs,
Toby and I have talked to a lot of folks about the profits that legal research vendors (AKA Wexisberg™) make and how they are lagging indicators during a down economy. Mostly because they have locked firms into multi-year contracts –some with built in annual increases. It seems that our thought were verified today when LexisNexis’
“Always and never are two words you should always remember never to use.” Wendell Johnson A recent ‘debate‘ on Ron Baker’s Verasage site got me thinking about hourly versus value or fixed fee pricing. The substance of the debate between Ron and Colin Jasper focuses on whether hourly billing is ever justifiable. As
One of the bad things about a down economy within a BigLaw library is that you need to reevaluate the way you are spending money on your resources. One of the good things about a down economy within a BigLaw library is that you need to reevaluate the way you are spending money on your
