Changing The Way Law Is Practiced One Recession At A Time

Here is a threaded discussion on LinkedIn titled “Will the recession change the way law firms do business permanently?” posted by Larry Bodine, Editor at LawMarketing Portal.  Larry points out that many people and large corporations are seeking smaller law firms that offer alternative billing in light of the current recession.   Here is Larry’s survival guide to weather the recession:

• Have “customers” not “clients.”
• Offer flat fees per project or per procedure.
• Have rates that are markedly lower than in 2008.
• Will routinely produce budgets for all legal work.
• Be run like real businesses and offer customers “just in time” services at the best price possible.
• Realize that customers are fickle and expect personalized service.
• Have lawyers that fly coach and stay at cheap hotels near the client’s offices, instead of the Four Seasons 5 miles away.
• Have lawyers that know their clients business, their goals and strategies, and work to help the client make more money or cut their costs.