How to Know If You're Undercharging Without Guessing
Episode Summary:
In this episode of The Legal CFO, host Ryan Kimler and co-host Sean O'Connor delve into the crucial topic of law firm pricing strategies. They explore how law firms can determine if they are undercharging for their services and the impact this has on profitability. Ryan shares insights on benchmarking against other firms, the importance of regularly reviewing pricing, and how to evaluate the profitability of specific case types. They discuss the significance of tracking billable hours, even for flat-rate services, to ensure that pricing aligns with the actual time and effort…
The skinny
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