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Branding to Combat Pricing Pressure: Why Lowering Fees Isn’t the Answer for Law Firms

Attorney at Work

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.

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US DOJ sues landlords over rent price-fixing algorithms

JURIST

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.

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Legal Pricing: Good Lawyers Talk Money With Their Clients

Attorney at Work

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.

Legal 339
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Why Value-Based Pricing Is Here To Stay

Above The Law

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.

Legal 99
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10 Zen Ways to Manage Cash Flows with Contract Intelligence

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.

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Uber and Lyft drivers file class-action lawsuit to block price fixing

JURIST

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.

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How Flat-Fee Pricing Can Buy Law Moms Time

Above The Law

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.

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You Deserve a Better Personal Injury Case Management Software

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!