Law Firms
The law firm landscape continues to face significant financial pressures despite reductions in headcount and hiring freezes at many firms over the last few years. Billing remains down, with more senior professionals delegated to client work than ever before. Continued and innovative expense reduction remains a top firm priority in order to achieve financial and strategic goals. AArete law firm solutions are tailored to meet the specific needs of the law firm industry while ensuring both quick and sustainable cost reduction is implemented.
AArete professionals possess decades of experience both as consultants to many AmLaw 100 and AmLaw 200 firms, as well as internally as former COO's and Executive Directors. AArete’s direct experience in managing and leading the operations of major multi-office firms is indispensable in helping to reduce costs. Our experts know law firms, the law firm business, and how to successfully execute in today's environment. We have worked with firm management committees and Senior Partners to execute strategy in difficult environments while achieving practice and office turnarounds. Our law firm professionals also bring a depth of experience in implementing client pricing strategies resulting in sustainable acceleration of client billings and collections.
Our expertise: Medium Sized and Global Law Firms
AArete helps law firms achieve significant cash recoveries through sustainable cost reduction and vendor optimization. AArete's abundant and up-to-date intellectual property enables our experts to track and benchmark pricing and other key purchasing data for all products and categories of law firm spend both nationally and regionally. A sampling of our Law Firm services includes:
- Non-Labor G&A Cost Reduction
- Strategic Sourcing
- Advanced Data Analytics
- Competitor/Industry Performance Benchmarking
- Resource Optimization and Revenue Enhancement Programs
- Strategic Evaluation and Planning by Practice and Client
- Process Turnaround Services
- New Office Openings and Office Closures