New Tech Equals New Pricing - How to Square the Circle
With new technologies comes added value, either in terms of efficiency, speed or ease of use. The firm has invested both time and money – and taken the risk – to integrate this new technological resource into its operations,
With new technologies comes added value, either in terms of efficiency, speed or ease of use. The firm has invested both time and money – and taken the risk – to integrate this new technological resource into its operations, but many wonder who receives the benefit. Ideally the client, the firm AND the lawyer do. However, using hourly-billing means less revenue for the firm and less hours for the lawyer, leaving many conflicted about the benefits of innovation.
Watch this on-demand webinar to hear from two of our member firm veterans who are working to solve this problem. Innovation Manager Sam Moore faced this challenge when he integrated Luminance Discovery (an AI-assisted contract review software) at his firm Burness Paull (member firm for Scotland). Similarly, Brian Gribben, Marketing, Communications and Business Development Director at Arendt & Medernach (member firm for Luxembourg) has encountered this dilemma in his past roles at three global law firms, and he now advocates leading-edge pricing.
During this webinar, Sam and Brian share their experiences and discuss what techniques and approaches you can use to make clients happier while also helping the firm succeed.