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White paper
Law Firm Billing Practices White Paper
Law firm billing write down impacts on profitability
Law firms of all sizes are justifiably concerned about their future bottom lines. For most of the decade following the Great Recession of 2009, a steadily increasing billing rate was the key driver of improved law firm profitability. Yet certain common behaviors within law firms have continued to hurt potential profits.
This white paper explores the various phases of law firm fee erosion, how large an impact write down practices have on profitability, and what benefits firms can derive from improved efficiency.