Trends and strategies law firms are pursuing to improve billing and revenue cycle processes.
- Firms are evolving their approaches to staffing to better suit client needs.
- Firms are making process changes to improve billing data and compliance with outside counsel guidelines (OCGs).
- Firms are introducing new tech to increase automation and efficiency throughout the revenue cycle.
- Advanced analytics, predictive tech and AI are already playing a role in pricing & billing processes, with strong uptick expected over the next 2-3 years.
- Benchmarking
- Revenue
- Time & billing