“Value price” defined: a price derived collaboratively with a buyer BEFORE the work is done/sold. VP is NOT: a) unilaterally set by seller, b) set after work is done, or c) presented to buyer as “THE price.”
Compared with people at low-trust companies, people at high-trust companies report 74% less stress, 106% more energy at work, 50% higher productivity, 13% fewer sick days, 76% more engagement, 29% more satisfaction with their lives, and 40% less burnout. https://t.co/Fdf9tZuYt4
Q. Where does #Oldlaw get their productivity gains?
A. From their professionals working longer & longer hours and annually increasing their hourly rates.
Q. Where does #Betterlaw get their productivity gains?
A. From innovation,ai, the wellness of their p…https://t.co/HfJZ51qaID
And how many will passively resist hoping this too shall pass? It’s actually customers that must demand & drive this change. And most of those buyers are from same tribe suffering from same addiction to billable hours. The first step to recovery is admitting you have a problem
Q. Wonder what #Oldlaw lawyers will be doing this time tomorrow? A.Probably filling out their timesheets.
Meanwhile over 80 legal iconoclasts have registered for the Expo#2 tomorrow discussing better ways to practice law.
Can't wait to meet and mix with…https://t.co/PLAjfXadzw
Read "The decline of time-based law firms" by @jordan_law21
What do you think? Is Jordan right?
Obviously I hope and wish but #Oldlaw has shown remarkable resilience to do almost anything not to have to change its business model.
M…https://t.co/DIEbCgbBRr https://t.co/WF3u5I0lsW
Peter Drucker believed the five most important questions you will ever ask about your organization are:
What is our Mission?
Who is our Customer?
What does the Customer Value?
What are our Results?
What is our Plan?
https://t.co/NrcHntZ4jU
#leadership#management#LFreakpost
So looking forward to this virtual event on 16 May to hear in particular from the amazing Melissa Lyon Karen Finch and Elani Maas.
These 3 genuine legal game changers will share the stories of their respective journeys from #oldla…https://t.co/Q9pRpRATnQ https://t.co/diAC8NU8Gs
Pretty ironic reading all those #oldlaw lawyers who are worried about the ethics of using tools like ChatGPT yet they don’t blink an eye about the ethics of time based billing🫤#ChatGPT#lawyers#ethicsinlaw#timebillingsucks