Make More Rain : matter planning

Planning Concepts and a Sneak Peek at the LexisNexis Redwood Planning Application

MichelleStPierre — Thu, 10 Dec 2009 14:45:00 GMT

Planning Overview The LexisNexis Redwood Planning application is a sophisticated management tool that uses a firm's profitability model to look at client planning and alternative choices in the staffing and pricing of new matters as well as the consequences...(read more)

DIY or Not?

MichelleStPierre — Thu, 12 Nov 2009 15:46:00 GMT

We all have home improvement projects on our To Do list. Are you a do-it-yourselfer or do you prefer to hire someone to get the job done right? If you're like me you just keep procrastinating because you know you CAN do it, but you never seem to have...(read more)

Know Your Alternatives - The Fixed Fee

RussHaskin — Tue, 01 Sep 2009 15:00:00 GMT

To kick off the "Know Your Alternatives" series we'll begin with the pinnacle of the alternative fee arrangements, the fixed fee. Today will address high level thoughts on the topic. There will be more granular follow-up posts on "value...(read more)

Shipping Fees and Success Fees

MichelleStPierre — Wed, 22 Jul 2009 16:00:00 GMT

Moving this blog was a bigger job than I thought it would be, and now that we're all moved in, I thought I'd celebrate with a little retail therapy - some online shopping. I had gotten a free shipping code from a retailer I hadn't patronized in a while so I picked out some items, put them in my shopping basket and prepared to check out. I don't know what made me click through to the shipping charts but I'm glad I did. I realized that if I paid the regular, nominal price for shipping I'd have my items in 3 days. But the free shipping option would take an additional 3-7 days after processing time. (I guess the free shipping method comes by camel!) It got me thinking about other bargains in my life - am I sacrificing quality, speed, or my health for a good deal? I know better than to buy the deli meat that is on sale, but what about legal fees? Everyone is looking for a bargain in legal services these days, and it's had our clients scrambling to provide alternative fee arrangements, like flat fees and success fees. So does bargain hunting lead to a less zealous defense?

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Financial Modeling for Law Firms

RickRawls — Wed, 15 Jul 2009 19:32:00 GMT

Financial Modeling is the task of building two or more alternative financial strategies to help decision makers choose to best economic path. Such models typically involve a set of assumptions, data input, calculations, and results. By evaluating the results, modelers may "quickly produce and compare a series of financial projections based upon alternative actions" thus answering "what if" style questions. Law firm leaders will find financial modeling an invaluable tool for addressing near term and long term situations such as...

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