Credit: 2jenn/Adobe Stock How Law Firms Are Still Losing Millions, Even After Hiring Pricing Specialists
"We call it 'change slipping through the back of the sofa,'" Steven Manton, part of a group of senior pricing professionals, said. 'It's millions and millions across a large law firm, when you add it all up."
October 11, 2023 at 05:00 AM
7 minute read
Law Firm Profitability
Law firms have been increasing their investments in pricing and financial professionals. Yet, Big Law has still lost out on revenue over the last couple of years, due significantly to "self-inflicted" damage during the billing process. Why?
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