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Pricing & Profitability for Law Firms
Author: Michael Roch
Year published: 2008
Pages:
ISBN: 978-1-906355-25-8
Price:

£295 (£7.50 p&p)

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Pricing and Profitability for Law Firms is written by Michael Roch and analyses in depth the various tools, methodologies and strategies available to your law-firm for developing a successful and competitive pricing management system.

The purpose of this important report is to enable your law firm to develop a clearly defined pricing strategy that will increase profits while successfully communicating and delivering improved value to your clients.

Subjects include:

  • The five major myths of law firm pricing: the case for effective pricing management;
  • Understanding legal industry trends and their influence on pricing;
  • The firm's market: establishing value propositions as conditions precedent to pricing;
  • Establishing rational rate schedules and raising rates;
  • Using different pricing methodologies;FONT>
  • Structural prerequisites for effective price execution;
  • Translating value for the client;
  • Pricing and leverage; service delivery models;
  • Pricing, capacity and utilisation;
  • Pricing, margin and cost management;
  • Changing partner behavior to achieve better pricing decisions;
  • Financial information management for better pricing decisions.

This best-practice guide explains how to manage pricing as the profit driver in the same way as most firms have successfully managed utilization, realization, leverage and margin for some time.

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