• Features

    Examine KPIs on a Micro-Level to Boost Law Firm Profitability

    Steven A. Davis and Tyler Quinn

    You say your law firm is profitable. How do you know? To fully understand your law firm’s results of operations and financial condition, you should measure and examine key performance indicators (KPIs) on a granular level. Looking beyond high-level KPIs can provide actionable information to make operational and strategic decisions.

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  • Features

    2017 Roundup: Equity vs. Non-Equity Membership

    Arthur J. Ciampi

    Last Year Saw a Number of Interesting Decisions Concerning the Identity, Rights and Obligations of Non-Equity Owners, Including Partners and Shareholders

    2017 saw a number of interesting decisions concerning the identity, rights and obligations of non-equity owners, including partners and shareholders. As more firms utilize non-equity members to play vital roles within their firms, it will become more important for them to take note of these decisions and the guidance they provide.

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  • Features

    Do Mergers Increase Profitability?

    Hugh A. Simons and Nicholas Bruch

    The Numbers Say Yes, But Not for the Reasons Many May Think

    Conventional wisdom has it that mergers enhance profitability through increased revenues and reduced costs. However, the numbers contradict this view: post-merger revenues are lower relative to competitor firms than are the sum of the predecessor firms’ revenues, and costs per lawyer increase markedly.

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  • Features

    Litigation Funding Changes Legal Landscape for Boutique and Small Firms

    Monika Gonzalez Mesa

    The Growth of Third-Party Litigation Funding Has Been a Boon to Small Firms, But Boutique Firms Are Taking a Hit

    The growth of litigation funding has widened the pool of law firms that can take on big cases, but their increasing popularity means boutique firms that have traditionally landed multimillion-dollar lawsuits by taking them on contingency or offering alternative fee arrangements are now taking a hit.

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