Reblog: Methodology for Demonstrating Law Firm Efficiency
While this NALFA post focuses on BigLaw efficiency, these “five court-tested factors” set forth by well known attorney fee expert Ken Moscaret, can also be seen as a common sense litmus test for any law firm’s efficiency.
Whether big or small, all law firms’ legal billings should be evaluated for the following:
- Concentration of workflow in the hands of a core team of attorneys
- Appropriate mix of attorneys by skill, experience, and ability
- Delegation of workflow to less-expensive but competent timekeepers
- Case staffing continuity
- Exercise of billing judgment