Expense v. Investment – A General ROI Analysis
Having met with hundreds of law firms that were considering the implementation of Legal Practice Management Software (LPMS), we’ve seen our fair share of lawyers and law firms who view the cost of LPMS solely as an expense, failing to understand that it is an investment with a real return that will far exceed its costs. Let’s start with the cost.
When looking at the cost of a LPMS, there are two high level components: licensing and implementation. [Read more…]