It’s Time to Get Rid of the Black Box Model
That said, not all pay-for-performance models are created equal, either. Despite freeing up partners to focus on revenue generation, many large firms…
How Do Law Firms Incentivize Nonequity Partners to Move Up the Ladder?
Provide a clear path forward for those willing to work for it, while providing justification for eliminating those who don't. While it’s true that…
Retaining Retail Labor: Balancing Constantly Changing Stay/Quit Drivers
It’s staggering to think that despite the much commented death of the high streets, retail still accounts for 26% of all US employment (source:…
Three Major Reasons Why Teams Fail
If you recognize even one of these behaviors, there’s a big problem with your business. But it’s not too late to solve it. As work continues to be an…
Setting Up For Success: How to Finish Out 2023 Strong and Thrive in 2024
How can firms end 2023 strong and set up for success in 2024? As many firms and leaders look towards the end of 2023, they must navigate budgeting,…
Banks Cannot Skimp On AI Vendor Vetting
The recent leadership gyrations at OpenAI and Microsoft are unlikely to have a direct and short-term impact on how banks should consider AI vendors.
A Data-Driven Approach to Partner Compensation: Enhancing Objectivity and Transparency
Getting partner compensation right is critical to ensuring sustainable performance for a firm’s clients and staff, as well as long-term firm value…
Protecting and Growing Revenue Streams: Client Retention Takes Vision and Execution
Competition in the legal market is cutthroat, and today clients have more information at their fingertips than ever before — meaning they can easily…
Unleashing Partners’ Full Potential Through Specialized Roles Will Also Increase Revenues
Accounting firms are increasingly asked to provide new expertise to their clients in response to phenomena like global crises, volatile economic…
How Data Can Help You Deliver Big Wins for Your Firm
Professional services firms have long known that they have a valuable set of data, and they collect more every day. However, choosing the right data…
Your Data & Technology Are Not Delivering You Value – Here’s How to Fix Them
An investment in legal technology can leverage firms into delivering legal services efficiently and cost-effectively, partners at Lotis Blue and…
Leveraging Knowledge Management, Marketing and BD to Optimize Firm Performance in Downturn
Advisors from Lotis Blue Consulting and Estrada Consulting take a look at how to help law firm leaders, partners and business teams improve…