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As we continue examining what makes a law firm truly valuable and how that value can be protected for an eventual transition, it becomes clear that pricing strategy plays an important role.  Succession planning depends on building a business model that is predictable, transferable, and appealing to a successor.  One way to support that goal is to reduce reliance on the traditional billable hour. Hourly billing ties a firm’s income directly to the personal output of its lawyer

As we continue exploring the elements that contribute to long-term law firm value, cybersecurity has become a central part of the conversation.  In earlier articles, we discussed technology adoption and digital value as factors that affect a firm’s marketability.  Cybersecurity is the natural extension of that theme.  It is not just a technical requirement.  It is an ethical obligation, a business imperative, and a succession issue. For many small and suburban firms, it can f

It’s not an understatement to say Artificial Intelligence is changing everything in our lives and the law, policies and practices are...

As artificial intelligence gains traction, lawyers ought to understand how to make use of this evolving technology.  One easy way to...

The impending EU Artificial Intelligence Act has set the stage for a paradigm shift in AI regulation, affecting businesses worldwide. The...