economics

THE Answer to Lowering Legal Fees

By Toby Brown on May 20, 2010

Watching Greg present to HALSM and participating in the lively and thoughtful dialogue, I came up with THE answer to lowering legal fees.

First some back ground – Greg was presenting on how “Efficiency” is finally becoming vogue in the legal market. He then went on to showcase how that trend can be and is

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Will You be Outsourced?

By Toby Brown on May 13, 2010

We all to think we are ‘special’ and bring high value to our jobs. However, the past two years have made pretty much everyone (except maybe the Chinese) nervous about their prospects. Even lawyers are thinking about the possibility that they are not as ‘special’ as they once thought. In the words of one

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How much will you save by going to one legal research system?

By Toby Brown on May 10, 2010

Continuing my exploration of the economics of the practice of law, I listened in on a presentation that included a segment on how law firms may be moving to single providers for primary law access. Although a perennial topic previously noted on 3 Geeks, the rising pressure from clients not to pass on these types

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Reducing Price and Cost – The REAL Exercise

By Toby Brown on May 5, 2010

Tom O’s post on “Proportionality” solidified an idea I’ve been contemplating. Tom’s post is on reducing the cost of ED. He quotes from Craig Ball, who says the market may be paying 5 times too much for ED.

So here’s where my idea comes in. What if you went to a law

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Buyer's Market? No – Just a Market

By Toby Brown on May 3, 2010

As recently as last Friday, I made the claim that the legal profession is in a Buyer’s Market for legal services. I’ve even made the same statement here at 3 Geeks. Pondering over the weekend got me re-thinking that assertion. After an enjoyable dialog this morning with Jordan Furlong on a range of topics,

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