Instead, it is the law firm that can demonstrate an ability to deliver consistent, cost-effective quality with respect to these new components of value. The most effective way is to focus on internal waste. Look for waste and reduce it whenever possible. Reducing waste in law office processes is the most effective way to achieve lasting reductions in operating costs. Waste A firm's internal work processes are where the new components of value operate.
Clients are more sensitive than ever to internal inefficiencies.
They refuse to subsidize them with their fees. If a law firm wants to compete profitably in the high-volume legal market, it has to attack waste. The term waste has a special meaning in management jargon. Waste should not be given an evil connotation however. It exists in every organization and business, even the best managed and most efficient.