Interesting report coming out of Bucerius Law School  and Simon-Kucher  looking at the impact of GenAI on law firm business models last...

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

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...

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...

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...

For Episode 12 of the Empowering Law Firm Leaders podcast , Darren and I joined Amy Bruce – host and Marketing Director at Osprey...

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...

I paid a plumber by the hour the other week Didn't hate the experience Why? We'd agreed in advance what the likely lower and upper range...

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

It's naïve to think law firms increase headline rates by 10% and that all clients just pay up For certain clients, and certain practice...

Expensive lawyers look to have gone mainstream with the Wall Street Journal reporting on US rates of $2,500 over the weekend But,...

The billable hour and fixed fees can set off a heated debate, but there is one particular fee type that we should all unite behind and...

The table below shows a law firm and a client perspective when pricing a piece of work Too often, we talk about 'cost' without...

I'm not a fan of this framing for a couple of reasons: The work rarely generates a true loss, where delivery costs exceed the fee income,...