Addressing hidden costs is not just a back-office exercise—it’s a strategic imperative that empowers firms to thrive in an increasingly competitive marketplace. A whopping 61% of clients1 are getting discounts on more than half their bills. In this whitepaper, we explore some of these hidden costs and how law firms can take control of hidden costs to drive greater efficiency and improve client relationships.
Key insights include:
- Identifying Pricing Inefficiencies: Learn how inaccurate time tracking and outdated pricing models can undermine profitability and how tools like Foundation Scoping can transform unstructured timecard narratives into actionable data.
- Managing Alternative Fee Arrangements: Review the challenges of structuring Alternative Fee Arrangements (AFAs) and how data-driven decisions can help.
- Shipping Away Your Profits: Understand how overlooked small costs, such as shipping fees and disbursements, can erode profitability and the importance of comprehensive cost oversight.
- Adopting a Unified, Proactive Financial Strategy: Explore the pitfalls of focusing solely on revenue generation and the benefits of a profitability-focused model.
Uncover the hidden costs that could be draining your law firm's profitability and learn how to tackle them effectively. Read our whitepaper today.
1 https://www.apperio.com/blog/legal-pricing-transparency
1 https://www.apperio.com/blog/legal-pricing-transparency