‘Law Firm Profitability in the Digital Age’ set April 16

As the legal industry undergoes transformative shifts, law firms must adapt to remain profitable and competitive.

The State Bar of Michigan is offering a virtual seminar, “Adapting to Change: Law Firm Profitability in the Digital Age,” to help Michigan attorneys navigate these changes on Tuesday, April 16, from 2 to 3 p.m. via Zoom.

The seminar is offered by the State Bar’s Practice Management Resource Center and features two presenters: Margaret Burke, president and founder of MB Law Firm Consulting LLC; and Suzette Welling, founder and president of Law Practice Edge. Both have decades of experience in the realm of running a successful law practice.

Key highlights of the virtual seminar include:

• Evolving Landscape: Explore the transition from traditional to modern law firm operations, emphasizing the adoption of digital solutions for increased efficiency.

• Client-Centric Billing Models: Learn how client expectations are reshaping billing practices, including the adoption of Alternative Fee Arrangements (AFAs) for improved client relations and profitability.

• The Role of Cost Accounting: Understand the importance of cost accounting in assessing and enhancing firm profitability, with practical insights for implementation.

• Practical Implementation: Receive a clear guide for integrating modern practices into your firm, addressing challenges and leveraging new billing models for competitive advantage.

To register for this virtual seminar on April 16, visit www.michbar.org/pmrc/virtualseminars.