The MPF Webinar Series
Our popular MPF Webinar Series - “The Law Firm of the Future” - is presented on the third Wednesday of the month to help firm leaders look achieve long-term, proactive, forward-thinking, and strategic approaches to their firms and the business of law. These 60-minute Webinars are complimentary for our readers. The on-demand recordings and handout materials are listed below.
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Strategies to Improve Your Firm's Profitability in 2025 ** NEW **
by Managing Partner Forum with Peter Berlowe and Tedd Drattell
An MPF Webinar Originally Broadcast on January 15, 2025
One-hundred twenty five (125) managing partners and firm leaders participated in this month's MPF Webinar. Our guest speakers were Peter Berlowe, Esq. and Tedd Drattell. Here are a few survey/polling results from the group assembled:
- “Billable hours” and “collections” are what get measured most in smaller and midsize law firms. We think that “client satisfaction” and “talent attrition” are also important things to track.
- The billable hour expectation for Associate Attorneys keeps tumbling with fifty-two percent (52%) of firms now in the 1600-1800 hour range.
- Here again in our informal survey, we see aggressive rate increases in 2025, with fifty-four percent (54%) of firms reporting rate increases in the 4-6% range. Twelve percent (12%) of firms sought rates increases of 10% or more.
- When it comes to time-keeping practices, fifty-five percent (55%) of firms say they expect time to be entered on a daily basis.
Click here for On-Demand Webinar.
Click here for Handout Materials.