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How law firms can protect their revenue in 2023

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Manage episode 365360106 series 2406437
Conteúdo fornecido por Thomson Reuters Institute and Thomson Reuters Institute Insights podcast. Todo o conteúdo do podcast, incluindo episódios, gráficos e descrições de podcast, é carregado e fornecido diretamente por Thomson Reuters Institute and Thomson Reuters Institute Insights podcast ou por seu parceiro de plataforma de podcast. Se você acredita que alguém está usando seu trabalho protegido por direitos autorais sem sua permissão, siga o processo descrito aqui https://pt.player.fm/legal.

After several banner years, many law firms find themselves in a different position in 2023. While billing rates set new record marks, law firm profitability continues to slip, driven down by a continued rise in overhead expenses and a slowing of how effectively law firms collect the cash that is owed to them.

In the latest Thomson Reuters Institute Insights Podcast, host Bill Josten is joined by Brent Turner from Thomson Reuters Institute Advisory Services to discuss the realities of today’s legal marketplace and what law firms can do to protect their profitability this year and beyond.

As the podcast explains, the solution doesn’t necessarily lie in ever-increasing rates or in pushing clients to take smaller discounts. Instead, the answer most likely comes from ensuring the firm’s partners are following best practices for how they handle their bills.

  continue reading

187 episódios

Artwork
iconCompartilhar
 
Manage episode 365360106 series 2406437
Conteúdo fornecido por Thomson Reuters Institute and Thomson Reuters Institute Insights podcast. Todo o conteúdo do podcast, incluindo episódios, gráficos e descrições de podcast, é carregado e fornecido diretamente por Thomson Reuters Institute and Thomson Reuters Institute Insights podcast ou por seu parceiro de plataforma de podcast. Se você acredita que alguém está usando seu trabalho protegido por direitos autorais sem sua permissão, siga o processo descrito aqui https://pt.player.fm/legal.

After several banner years, many law firms find themselves in a different position in 2023. While billing rates set new record marks, law firm profitability continues to slip, driven down by a continued rise in overhead expenses and a slowing of how effectively law firms collect the cash that is owed to them.

In the latest Thomson Reuters Institute Insights Podcast, host Bill Josten is joined by Brent Turner from Thomson Reuters Institute Advisory Services to discuss the realities of today’s legal marketplace and what law firms can do to protect their profitability this year and beyond.

As the podcast explains, the solution doesn’t necessarily lie in ever-increasing rates or in pushing clients to take smaller discounts. Instead, the answer most likely comes from ensuring the firm’s partners are following best practices for how they handle their bills.

  continue reading

187 episódios

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