Quiz for:
Value-Based Pricing in the Legal Sector

Question 1

Who is the speaker mentioned in the notes and what is notable about their background?

Question 2

What is a major concern mentioned by firms regarding competition?

Question 3

What year did Sha Jardine begin involvement in value-based pricing?

Question 4

Why is it important to train staff on financial impact and profitability?

Question 5

What do firms need to do to better their pricing strategies?

Question 6

What issue is associated with mixed views on time recording, particularly in which type of pricing environment?

Question 7

Why is there a need for consistent, organized pricing training during onboarding?

Question 8

What critical aspect of dealing with clients is highlighted in the notes?

Question 9

According to the notes, what is a factor that needs clarification in standard practice?

Question 10

What is the significance of understanding client account interest?

Question 11

'The market is your self-confidence' implies what key point?

Question 12

What is one of the main barriers to implementing value-based pricing according to the notes?

Question 13

How is the market for conveyancing expected to change according to the student notes?

Question 14

What percentage of firms feel their charging model reflects their brand values?

Question 15

What strategy is encouraged to deal with unprofitable work?