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Law firms face increasing pressure to justify their fees as more price-sensitive clients turn to ALSPs or expand their in-house legal teams. Instead of engaging in a price war, the author of LinkedIn for the Savvy Executive: Promote Your Brand with Authenticity, Tact, and Power, says investing in law firm branding is a wiser strategy.
The US Department of Justice (DOJ) announced a lawsuit Tuesday against six corporate landlords and a software company accused of colluding to fix rent prices by sharing sensitive competitive information through the use of pricing algorithms. Greystar has and will conduct its business with the utmost integrity.
If you were to believe everything being written about legal services today, you might think lawyer-client relationships have boiled down to one thing: legal pricing. Opening the Lines of Communication About Legal Pricing and Fees. Or is there a lower-priced alternative for a portion of the assignment? Don’t get me wrong.
The Rise (and Necessity) of Value-Based Pricing Many legal departments are abandoning the billable hour in favor of Value-Based Pricing (VBP) fee arrangements, a model designed to align fees with actual deliverables and results instead of hours spent. Everyone agrees that the billable hour incentivizes inefficiency and misalignment.
Identifying which contracts include price adjustment clauses. In this guide, you will learn 10 key ways to get a better handle on cash flows using your own contract data, including: Getting ahead of auto renewals to renegotiate proactively. Taking advantage of early payment discounts.
Uber and Lyft drivers Tuesday initiated a class-action lawsuit alleging that the two companies engaged in price fixing which “increase[d] customer prices even while suppressing driver pay.” The post Uber and Lyft drivers file class-action lawsuit to block price fixing appeared first on JURIST - News.
I genuinely believe in the power of flat-fee pricing to improve how we approach work-life balance. Every question comes with a hefty price tag in the clients mind. The post How Flat-Fee Pricing Can Buy Law Moms Time appeared first on Above the Law. Not asking questions, alternatively, leaves clients confused and insecure.
2, the first state-level gas price gouging penalty law in the US, into law. The law is a response to high California gas prices in 2022. In the bill, the California state legislature asserts that oil producers suppressed supply during this period to drive up gas prices and rake in record profits.
Articles in this edition focus on the business of law, from celebrating diverse leadership and global professional development to value-based pricing strategies and data-driven client service innovations. Value-Based Pricing Strategies Law firms have a significant opportunity to transform their business models through strategic pricing.
Personal injury law firms who attend a demo of CloudLex will qualify for a special Paralegal Brief discount and pricing. Discover the difference a legal software exclusively tailored for personal injury law can make. Take advantage of this special offer and schedule a demo today!
Adam Philipp | Learn how to shift from hourly billing, set fair prices, and improve efficiency. The post Fully Fixed-Price Legal Services: How Your Firm Can Make the Switch appeared first on Articles, Tips and Tech for Law Firms and Lawyers. Explore our seven lessons learned.
both pled guilty to violations of the Foreign Corrupt Practices Act (FCPA), an anti corruption law, and a commodity price manipulation scheme. The commodity price manipulation scheme charges have to do with Glencore’s manipulation of fuel oil prices at two of the busiest commercial shipping ports in the US. and Glencore Ltd.
Alex Smith | As more lawyers begin to lean on generative AI tools, there is a rising question about how this will impact pricing. The post Is Generative AI Creating a Pricing Conundrum for Lawyers? appeared first on Articles, Tips and Tech for Law Firms and Lawyers.
This underscores the tension between farmers and the government regarding fair crop prices and agricultural policies. Indian farmers are in a standoff with authorities as they strive to march towards New Delhi, similar to their year-long protest in 2021 when they demanded fair prices and other rights.
The post Clarence Thomas’s Corruption Finally Has A Price Tag appeared first on Above the Law. Thomas got just under $6 million in gifts while on the Court.
.” Apple charges a 30 percent fee for apps and in-app purchases on iOS, iPadOS, watchOS, and macOS App Store, which is an additional fee on top of the purchase price of the app. This ‘apple tax’ is paid for by customers through higher prices.
The first 10 drugs selected for Medicare price negotiations now have new prices set to take effect in 2026. The post CMS Touts First Negotiated Drug Prices, But Greater Impact Expected in Future Rounds appeared first on MedCity News.
Come January 1, CMS will begin enforcing new price transparency requirements for hospitals. Experts doubt that these regulations will do much to help patients shop for care, but they are optimistic that increasing the amount of publicly available pricing data will help tech companies develop tools that simplify pricing for patients.
The commission’s findings indicate serious illegalities at every procurement stage, particularly concerning purchasing three lakh PPE kits from Chinese suppliers at inflated prices.
The post The FTC Is Suing PBMs Over Insulin Prices. The Federal Trade Commission has sued CVS Caremark, Express Scripts and Optum Rx, alleging that they engage in “anticompetitive and unfair rebating practices” as it relates to insulin. One legal expert believes the FTC might win this legal battle. Will It Be Successful?
The post Biopharma in 2025: Outlook for Obesity Meds, Drug Prices, Regulation & More appeared first on MedCity News. Other things to look for include more widespread adoption of artificial intelligence technologies and the IPO markets return to normal levels.
PKI President Khalid Mahmood Khokhar, addressing a press conference in Multan, called for a guaranteed support price instead to shield farmers from mounting financial losses. The PKI president emphasised the need for a fair procurement price that includes a 25 percent profit margin above the cost of production, citing expert recommendations.
The unions demanded an increase in the minimum wage, retirement pensions and price controls on basic goods, among other things. The transportation union began to block roads and suspend public transportation, while health workers, local authorities, and private sector employees announced an indefinite strike.
Clients are never as price-sensitive as you think. Do you really think your long-term clients are going to abandon you because of a modest price increase? Every other business has been raising the price of goods and services. Price Hikes Could Boost Revenue by $500M Even With Subscriber Cancellations, Analysts Say”.
The complaint alleged that Amazon’s pricing agreements imposed on third-party sellers were anticompetitive and allowed Amazon to maintain an illegal monopoly. By charging such high fees – as much as 40 [percent] of the product price – Amazon is inflating the prices for consumers on its platform and competing platforms.
The jury found CNN had defamed the US Navy veteran, Zachary Young, by suggesting he was charging “exorbitant prices” to evacuate people from Afghanistan during the US withdrawal in August 2021.
” The 1975 Act, which predates the Constitution, emphasized negotiation when determining compensation amounts and required the government to pay market price for expropriations. Under the new Act, the government only needs to pay “just and equitable” compensation for property takings.
The post DOJ Adds New Plaintiffs In Antitrust Suit Accusing Landlords Of Price Fixing Rent appeared first on Above the Law. Cost of living is going up. DOJ has some suspicions on what's causing it.
The report examines the impact of PBMs (specifically CVS Caremark, Express Scripts and Optum Rx) on specialty generic drugs, highlighting substantial price markups by PBMs on medications for cancer, HIV and other conditions. On Tuesday, the Federal Trade Commission released its second interim staff report on prescription drug middlemen.
As to the second, you can find your best price, by: (1) reviewing proposals from alternative providers, who work exclusively with lawyers; and, then (2) comparing those to non-legal specific vendor proposals. The good news is that: there are ways to combat both of these tactics.
Sally Schmidt | Tips for managing pricing conversations to deepen your relationships. The post Turning Rate Increase Discussions Into Opportunities appeared first on Attorney at Work.
As a solo law firm, you are small but mighty — able to run a lean business operation, offer customized and competitive pricing, and outperform your BigLaw competitors through personalized legal services delivery. Focus on competitive pricing with alternative fee structures. Elements of Success.
Susan Cohodes | As a member of the generation of female attorneys who wrestled with whether we could “have it all,” I now wonder if anyone paid the price for my trying. The post The Key to Having It All as a Full-Time Lawyer Mom appeared first on Articles, Tips and Tech for Law Firms & Lawyers.
The Pricing Model. Marketing agencies may price their services any number of ways and may give you a choice as to how you’d like your pricing structured. If you choose this pricing structure, make sure that your contract clearly states the monthly retainer amount and the scope of work it covers. Hourly or Project Pricing.
If you can close a client, as a lawyer you can then bring in a paralegal or office manager, to explain the pricing of services to the client & onboard them. (I There are certainly some instances, where you (as the attorney) could offload, that responsibility. I mean, thats exactly what happen when you buy a car; and, you dont even blink.)
The plaintiffs allege that the companies engaged in a conspiracy to exchange competitive information, artificially fix prices and curb supply. Kendall ruled that “Plaintiffs’ claims give rise to an inference of a price-fixing conspiracy sufficient to state a claim and survive the motion to dismiss.”
Expect to see insurers start to switch to dynamic-based pricing models. The post Law Firm Cyberinsurance and Cyberattacks: Evolving Trends for Coverage in 2025 appeared first on Articles, Tips and Tech for Law Firms and Lawyers.
With public meltdowns over the prices of eggs, the coming tariff price hikes and the like, increasing costs of living mean that folks are limiting their spending to the things that really matter. (Photo by Curtis Means-Pool/Getty Images) Money isn’t easy to come by.
LCANZI claims that the Minister and Cabinet prioritised cost of living concerns above the specific emissions goals outlined in the ETS, resulting in low carbon prices. Unsurprisingly, the price of ETS units has collapsed following the December decision.
They noted that in households with only one or two mobile devices, tough choices had to be made, and it was often girls who paid the price. In Nepal, Indigenous women activists highlighted a stark gender disparity in access to technology.
How do you know if you are paying a reasonable price for marketing services and ads, or measure if the investment is worth it? Considering Price Alone. One of the most common traps for law firm marketing is to choose tools or tactics based only on price. If your law firm wants to grow, you need a solid marketing plan.
Corporate Counsel ] * SEC sues Musk over failure to disclose the fact that he owned a bunch of Twitter before the takeover -- a failure that likely suppressed share prices to his eventual benefit. * Lina Khan steps down as FTC Chair as elderly mustachioed man with top hat, bag with dollar sign on it, steps in.
over claims that the company made misleading disclosures relating to its paid subscription service BVAL , which provides daily pricing for over 2.5 The SEC found Bloomberg’s failure to disclose that BVAL prices could “be based on a single data input” to be misleading.
The phone-tap data was obtained in the course of criminal investigations, where conversations concerning price fixing were revealed. As price fixing is a competition law violation, the data was transferred to the CMA, which in turn brought relevant proceedings and the companies were fined.
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