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Predictability, Technology Change Cycles and Increasing Client Demands

By Scott McFetters and Mike Henderson
November 02, 2013

It's the 2014 budget season and law firm decision makers are scrutinizing bottom line variables to answer many questions, including this one: Is it more advantageous for my firm in the current and future market to own an asset or lease it over its useful life? Things to take into consideration when determining the answer for each firm include: current market trends; advances in technology; the end of the life of the technology equipment; and financial perspectives, including cash outlay, predictability, flexibility and total cost of ownership.

These variables and circumstances will be unique to each firm, of course. Firm culture, tradition, decision making processes, size, market forces, etc., all will play into the best suited results.

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