Are service and solution providers reducing prices to law firms?

Legal Technology Companies

As reported by the ABA Journal’s Debra Cassens Weiss, another large law firm is laying off a number of administrative staffers as it changes its staffing model.

Apparently this is nothing new as a survey (PDF) by law firm consultant, Altman Weil found that forty-eight percent of law firm leaders are cutting staff to increase profits.

Taking the firms at their word, layoffs are often coming from increased efficiencies and modernization. I’m sure in other cases staff layoffs are coming for exactly the opposite reason – a lack of efficiency, tech advancements and innovation.

In any case, I wonder what companies selling services and products are doing to help law firms on the cost front.

After all, these companies should have declining costs with innovation and efficiencies, in large part driven by their own technology. As a result, their costs of production and their own staff needs may be declining.

By turning the design and development into a “software” driven system (SAAS), we have been able to decrease production time on “sites” to about twenty percent of what many of them used to be. This also reduces staff time that used to be tied up in more project management.

As a result, we have reduced costs significantly, and in turn prices. We are now working on some things to further automate what we do, not to reduce the quality of what we deliver, but to deliver better solutions to customers in ways that they expect it and want it.

It’s not always easy to “right size” pricing when it means decreasing prices, but it’s not only the right thing to do, it’s also sound business. It turns out that many customers want levels of “concierge” service that command higher pricing.

For law firms, I’d be looking at how innovate your service and solution providers are. What are they doing with technology to bring innovation and efficiencies? Is the technology they are using today and the people working on it likely to drive greater value, while at the same time lower prices — or at least right sized pricing for what you want and need?

Times are a changing dramatically. Technology and innovation doesn’t wait for anyone. Law firms are going to see continued cuts because of multiple factors — some driven internally by innovation and some driven externally by their clients and the way people use lawyers.

Service and solution providers should feel the same pressure as law firms – the answer is innovation to bring better services and solutions at reduced costs.

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Non-Sequiturs: 07.27.17

* More details on the lawyer who took down the University of Florida’s general counsel. [Deadspin]

* Welp, this is what happens when they stop teaching treason at Harvard Law School. [Salon]

* “Too skinny” is a bad thing when it applies to your health insurance. [The Slot]

* The House Judiciary Committee is just bonkers, y’all. [Wonkette]

* You should probably be stocking up on these. [Corporette]

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Derik Pecorini Dies in Dover Head-on crash at West Denney’s and Scarborough Roads

Dover Man Derik Pecorini Killed in Crash at West Denney’s and Scarborough Roads.

Dover Man Derik Pecorini

Derik Pecorini Dies in Dover Head-on crash at West Denney’s and Scarborough Roads

Dover, DE (July 27, 17) – According to police, two vehicles crashed on early Sunday resulting in the death of Derik Pecorini, a 62-year-old Dover man.

According to a report, the incident took place at 2:54 a.m. on July 23 at the intersection of West Denney’s and Scarborough roads.

The police disclosed that Pecorini was driving a 2002 Honda Accord northbound on McKee Road when he collided head-on with a car heading southbound in the northbound lanes of McKee Road. Pecorini died of his injuries at the scene.

The wrong-way driver, identified as 23-year-old Marcus Thomas, sustained minor injuries. The Dover man was found to be intoxicated at the time of the accident and has since been charged with 1st-degree vehicular homicide.

The loss of a loved one can be so devastating. Many decisions have to be made. We know that nothing can bring back your loved one, but our wrongful death lawyers at Chicago Accident Injury Attorney can help you get justice for your loss. Call us today at (866) 889-4131 to schedule a meeting with a wrongful death lawyer.

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