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MPF WHITE PAPER - AW 2014 Law Firms in Transition - 10-21-14

MPF WHITE PAPER - AW 2014 Law Firms in Transition - 10-21-14

MPF WHITE PAPER - AW 2014 Law Firms in Transition - 10-21-14

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<strong>20<strong>14</strong></strong> L<strong>AW</strong> FIRMS IN TRANSITIONTable of ContentsIntroduction .................................................................................................................... i<strong>Transition</strong> & Change ..................................................................................................... 1Efficiency of Legal Service Delivery .......................................................................... 16Pric<strong>in</strong>g Strategies ........................................................................................................ 22Alternative Fee Arrangements ................................................................................... 27Bill<strong>in</strong>g Rates ................................................................................................................ 35Staff<strong>in</strong>g: <strong>Law</strong>yers & Non-<strong>Law</strong>yers ............................................................................. 41<strong>Law</strong> Firm Growth ......................................................................................................... 57F<strong>in</strong>ancial Performance ................................................................................................ 72Outlook: Plann<strong>in</strong>g for the Future ............................................................................... 80Participant Demographics .......................................................................................... 88An Altman Weil Flash Survey

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