One of the questions left open in The Law Society 's Financial Management Survey is that of effective rates, or price achieved by...

Reading through The Law Society 's Financial Benchmarking Survey from last week, there are a few points that stand out in the core legal...

Supply and demand curves are a cornerstone of Economics 101 classes and they're typically introduced as a simple straight line (as shown...

Betteridge suggests no... To take a worked example - if a lawyer works 20 hours on a matter and charges £500 an hour, then they bill the...

Elsewhere I've advocated for pricing a given piece of legal work in three distinct ways, with reference to: The cost of delivering said...

I didn't have a 12.5% increase in London NQ salaries from Norton Rose Fulbright  on my bingo card, but both The Lawyer and Legal Cheek...

It’s no secret that client expectations are shifting, and law firms are feeling the squeeze from compounding cost inflation in their...

Earlier this week I posted about the billable hour maybe not being all that bad, when viewed in the context of the other factors that...

Couple of posts this week testing the "billable hour = bad / value based pricing = good" narrative I'll say up front that my view is...

Darren and I were delighted to kick off the 2025 season on Fringe Legal podcast discussing all things Legal MBA and Legal Tech. Host Ab...

Within my earlier post this week on the latest data release from the ONS on Legal Services prices I referenced BigHand 's 2025 Law Firm...

Background The UK Office for National Statistics (ONS) produces a quarterly Services Producer Price Index (SPPI). This contains useful...

An impromptu chat with David Woolstencroft , of People in Legal , when we were both at LegalGeek  last year, in which we cantered through...

This is not the same question as 'could' firms allocate overheads - for most firms that record time, the answer here is yes But with...

I made passing reference to a looking at realisation rates as a waterfall in a comment last week Thought it worth expanding on The table...

Last week I posted an approach to improving law firm lockup, using a Lean process improvement methodology I thought it worth highlighting...

Lockup is a perennial issue within law firms, with the most recent PwC survey showing deterioration in the amount of time it takes law...

Except we don't know when we're going to die, and taxes are subject to change at the drop of a hat As indeed they did last week in the UK...

Background The UK Office for National Statistics (ONS) produces a quarterly Services Producer Price Index (SPPI). This contains useful...

The 2024  PwC  UK Law Firm Survey makes for good reading, as always One trend caught my eye – UK Profit per Full Equity Partner (PEP),...