Law firms are spending record amounts on technology right now. The difference between technology investments that succeed and those that fail may have less to do with the tools themselves than the operational foundation beneath them.

In a legal marketplace transformed by technology, heightened client expectations, and fierce competition, law firm leaders must approach strategy with rigor and clarity. The following questions, accompanied by relevant statistics and explanations, offer a focused guide for uncovering opportunity and driving sustainable growth.

Some boutiques are in a better position to offer above-market or market bonuses, compared with their Big Law peers.

A new survey shows that law firms, like other professional services organizations, can be negatively affected by putting too much stock in rainmakers. Instead, smart firms should engage in systemwide business development.