This title delves into the evolving landscape of legal pricing, offering a comprehensive guide for law firms and legal professionals. The book explores the critical shift from traditional hourly billing to innovative pricing models driven by data analytics, client expectations and behavioural economics. It addresses the importance of transparency and trust, the rise of subscription-based services, and the impact of technology and regulation on pricing strategies. Readers will discover how to balance profitability with quality, understand the psychological factors influencing client perceptions…mehr
This title delves into the evolving landscape of legal pricing, offering a comprehensive guide for law firms and legal professionals. The book explores the critical shift from traditional hourly billing to innovative pricing models driven by data analytics, client expectations and behavioural economics. It addresses the importance of transparency and trust, the rise of subscription-based services, and the impact of technology and regulation on pricing strategies. Readers will discover how to balance profitability with quality, understand the psychological factors influencing client perceptions of value, and learn about effective pricing structures such as fixed fees, contingency fees, and hybrid models. This essential guide is designed to equip lawyers, managers, and legal operations professionals with the skills and knowledge necessary to navigate the future of legal services pricing.
Chapter 1: The changing landscape of legal pricing By Michael Roster Chapter 2: Beyond the billable hour – is change really occurring? By Jae Um Chapter 3: Aligning client expectations with value perception By Stephanie Hamon Chapter 4: Value-related qualities in legal pricing By Steven A. Lauer Chapter 5: The role of data and analytics in modern legal pricing By Tanbir Jasimuddin Chapter 6: Behavioural economics in legal pricing – understanding client psychology By Richard Burcher Chapter 7: Transparency and trust By Jack Kingston Chapter 8: Partner compensation and its impact on pricing strategies By Tim Corcoran Chapter 9: The intersection of technology and legal pricing By Richard Burcher Chapter 10: Trends in legal procurement By Steph Hogg Chapter 11: Measuring success – metrics and KPIs for legal pricing models By Tanbir Jasimuddin Chapter 12: Redesigning legal services to optimise for value and efficiency By Alex Hamilton Chapter 13: The future of legal pricing By Richard Burcher
Chapter 1: The changing landscape of legal pricing By Michael Roster Chapter 2: Beyond the billable hour – is change really occurring? By Jae Um Chapter 3: Aligning client expectations with value perception By Stephanie Hamon Chapter 4: Value-related qualities in legal pricing By Steven A. Lauer Chapter 5: The role of data and analytics in modern legal pricing By Tanbir Jasimuddin Chapter 6: Behavioural economics in legal pricing – understanding client psychology By Richard Burcher Chapter 7: Transparency and trust By Jack Kingston Chapter 8: Partner compensation and its impact on pricing strategies By Tim Corcoran Chapter 9: The intersection of technology and legal pricing By Richard Burcher Chapter 10: Trends in legal procurement By Steph Hogg Chapter 11: Measuring success – metrics and KPIs for legal pricing models By Tanbir Jasimuddin Chapter 12: Redesigning legal services to optimise for value and efficiency By Alex Hamilton Chapter 13: The future of legal pricing By Richard Burcher
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