Professional Services Management · medium ·
Protecting fixed-fee margins pushes legal and accounting partners to pay for client coordination software
Professional services firms are overhauling hourly billing as workflow automation compresses task execution times, moving toward value-based and outcome-linked pricing. However, firms lose tens of thousands of dollars annually per partner to client coordination friction and project delays that directly erode fixed-fee margins. Capturing project profitability requires purpose-built coordination software that tightly tracks project scope and milestones.
Part of the Professional Services Opportunity Outlook, Korim's monthly analysis of emerging opportunities in this sector.