High-performing law firms do something that seems counterintuitive: they budget for failure. And it's genius.
The Innovation Portfolio Approach
Data from my pricing consultancy work reveals that firms in the
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The most successful law firms I work with share one counterintuitive trait: they're not afraid to fail.
Yet across the UK legal sector, I'm seeing firms
Every legal process contains waste—activities that consume time and resources without adding value for clients. UK law firms that systematically identify and eliminate these wastes can reduce costs by 20-40% while
UK general counsel are demanding predictable legal costs, with 67% now preferring fixed or capped fee arrangements over traditional hourly billing. Yet many law firms approach alternative fee arrangements (AFAs) with guesswork rather
The UK legal sector is at a crossroads. While clients demand "more for less" and predictable pricing, only 24% of top-100 UK firms have implemented systematic efficiency programmes, despite 83%
