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Asked & Answered
Profitability Improvement Using RULES
You Ask - We Respond. Answers to client
questions from the Asked and Answered Section of
our web site. We encourage our readers to use this
section as a resource.
Question of the Month
In these financially challenging times
proactive financial management is crucial.
Successful firms realize this and are proactively
managing the financial aspects of the firm. Here is
a question asked by one of our web site visitors
concerning Ideas for Improving Profitability
and our
suggestion on how to use RULES to focus on
profitability improvements.
Click here to access the complete Q&A For the Asked & Answered Question of the Month ....
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Greetings!
Welcome to Olmstead & Associates Law Practice
News, a law practice management resource for
practicing attorneys, managing partners,
administrators, and others that must keep updated on
all aspects of law firm management.
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| Competitive Strategies and Ideas For Personal Injury Plaintiff Firms |
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As law firms work through the recession many
personal injury firms are asking whether existing
business models are appropriate for the future. Some
PI firms are experiencing flat profitability, increased
competition, and reduced demand. We believe that
the recession may accelerate the pace by which PI
firms reevaluate existing processes and consider new
business models.
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| Competitive Business Models: What Can We Do to Be Different? |
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Eighty plus percent of legal services fall into the
commondity category - price sensitive - and hard for
law firms to demonstrate value and differentiate their
services.
Creating a competitive advantage that is sustainable
over time is difficult at best. It is so easy for your
competitors to copycat your recent innovations. Here
are a few ideas in response to a question from our
asked and answered database.
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Read on... |
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| Advertising Is Not Marketing - Understanding The Differences |
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When doing strategic planning with law firms we often
find that there is a general lack of understanding
between the differences between advertising and
marketing. Here is an article the illustrates the
differences and argues that marketing - not
necessarily advertising - must be done by all law firm.
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| Past Issues of Olmstead & Associates E-News Now Available |
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Past issues of our Law Practice Management E-News
Letters are now available. If you are a new subscriber
or have simply lost past issues - click below to access
our archieved copies.
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Click here to access archived copies... |
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| Guide to Law Firm Management Best Practices |
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