NCBA Law Practice Management Blog

JUNE 15, 2019

You know that to effectively manage your law firm finances that you need to create revenue projections, to establish goals for what you want to make.? Tracking business expenses admits of the same issue as tracking time spent on client matters: If you’re not diligent, you may miss out on some items, especially the smaller items.?

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Law 360

MAY 25, 2021

Amid high demand for associates and aggressive competition to attract talent, law firms should take three key steps to conduct meaningful prehire due diligence and safeguard against lateral hiring mistakes that can hurt their revenue and reputation, says Michael Ellenhorn at Decipher.

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Diligence Law Firm Law Firms Laws 40

The Empowered Paralegal

FEBRUARY 18, 2019

Most practitioners prove their competence each day, working ethically and diligently in the care of their patients. The post Tips for Choosing a Medical Malpractice Law Firm first appeared on The Empowered Paralegal. It is unfortunate that some doctors continue to harm a lot of patients through malpractice cases.

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Law Firm Law Firms Laws Diligence 113

LawTechnologyToday

NOVEMBER 19, 2021

These systems have served law firms well, but there are good reasons for large and small law firms to consider moving to the cloud. Plus, a stretched IT team can focus on adding differentiation, value to the firm and its clients rather than maintaining standard tools. Is Moving to the Cloud a Security No-Brainer?

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Law Firm Law Firms Laws Healthcare 95

Patently O

APRIL 28, 2023

The PTO Just released a final order in a case against Jinggao Li, operator of the Dragon Sun Law Firm. Examples include filing a micro entity status request without proper investigation and submitting an information disclosure statement (IDS) by a non-practitioner without practitioner review. Rubber stamping is not permitted.

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Diligence Attorney Statute Law Firm 126

Rocket Matter

NOVEMBER 21, 2022

It’s also for running—and growing—your law firm. . Automation can play an important role in making your law firm’s operations more streamlined and less hands-on, but for many businesses, “automation” may sound like an intimidating, complex topic, one that’s too tech-y to touch. . Automation. Set clear goals .

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Rocket Matter

OCTOBER 17, 2023

Time management is a common challenge many legal professionals face, and it can significantly affect your firm’s bottom line. Legal time-tracking software is a tool designed specifically for law firms and legal practitioners that’s used to record, track, and bill for hours spent on various legal tasks.

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Law 360

NOVEMBER 16, 2022

Law firm partners considering lateral moves should diligently interview prospects — going beyond standard questions about compensation to inquire about culture, associate retention and other areas that can provide a more comprehensive view, says Lauren Wu at VOYLegal.

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Diligence Law Firm Law Firms Laws 75

Law 360

SEPTEMBER 12, 2022

As law firms increasingly recruit laterals, they must account for ethics rules and other due diligence issues that can turn an inadvisable or careless hire into a nightmare of lost opportunity or disqualification, says Mark Hinderks at Stinson.

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Diligence Law Firm Law Firms Laws 75

Rocket Matter

SEPTEMBER 9, 2022

billion by 2029, your law firm needs to get on board—and sooner rather than later. Along with e-signatures, secure file-sharing is a must for law firms. Your law firm must find ways to safely share sensitive documents with clients to ensure their personal data remains protected. Still on the fence?

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Attorney at Work

JUNE 22, 2021

Managed service providers can provide small firms with the technology strategies and solutions usually reserved for large firms with in-house IT teams. Over the course of the pandemic, lawyers and staff at large law firms have confronted many of the technical obstacles and frustrations that small firm owners deal with all the time.

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Law Firm Law Firms Legal Technology Solution Laws 52

JURIST

JANUARY 21, 2022

In 2020, Facebook (now Meta) had commissioned the law firm Foley Hoag to conduct a Human Rights Impact Assessment (HRIA) for India.

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Diligence Law Firm Law Firms Laws 211

Paralegal Bootcamp

JUNE 17, 2021

You can Google the type of software using the word legal or law firm in front of it to find lists of recommended software technology. For example, use the search terms: “Law firm billing software” to get the most up-to-date results. Administration Software. Matter Management Software. Discovery/Litigation Software.

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NCBA Law Practice Management Blog

MARCH 13, 2022

And, if you’re working diligently behind the scenes, they won’t believe it unless you tell them. If you want to make sure your clients are happy with what you’re doing, put a recurring four-week tickler on your calendar, to reach out to each active client of the firm. Modern consumers are more demanding, and expect consistent updates.

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NCBA Law Practice Management Blog

JULY 13, 2021

And, a byproduct of that is that law firms often engage with clients they shouldn’t – largely because they haven’t done enough due diligence in the lead phase. To get started, visit Red Cave's NCBA landing page , and start running your law practice like a business. Need help developing client selection criteria?

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Law Firm Law Firms Diligence Attorney 130

Above The Law

AUGUST 10, 2023

ProPublica ] * ABA encouraging law firms to redouble efforts to expand diversity. ProPublica ] * ABA encouraging law firms to redouble efforts to expand diversity. the lawsuit alleges that the lawyer was quite diligent about filing motions for fees. [ before the Supreme Court makes it illegal.

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Real Estate Diligence Law Firm Law Firms 90

InHouseBlog

FEBRUARY 16, 2023

In a sign of the speed at which AI is permeating the practice of law, a Magic Circle law firm with offices around the globe is now providing its lawyers with access to AI tools to speed the delivery of legal services. Harvey Chatbot, you’re hired! Should lawyers fear ChatGPT and other AI tools?

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Lawyer Lawyers Diligence Law Firm 73

Attorney at Work

AUGUST 26, 2021

Law firms didn’t let the pandemic get in the way of profitability or performance in 2020. on average in the fourth quarter of 2020, according to Thomson Reuters — and 15% among AmLaw 100 firms. Corporate law departments made structural shifts as well. Creative Staffing Arrangements Can Help Law Firms Win Business.

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Legal Legal Law Firm Law Firms 114

Cenza

JANUARY 27, 2023

The practice of outsourcing certain aspects of legal work by law firms, in-house counsels, and individual attorneys existed for decades. While we continue to offer our conventional legal process outsourcing services for law firms, the time has necessitated our evolution to be relevant in the digital age. and reach $25.7

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LawSites

MARCH 29, 2022

Other legal tech companies in its portfolio are dealcloser and due diligence company Vital4. Other investors include LearnStart, the seed-stage investment arm of LearnCapital, whose investments include companies such as Coursera and global law firm Orrick’s Legal Technology Innovation Initiative. .” CEO Abdi Shayesteh.

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Lawyer Lawyers Finance Diligence 52

Attorney at Work

JULY 28, 2022

Due Diligence: Questions to Ask Before Selecting Your Next Shared Office Space. What About Renting an Office With Another Law Firm? Typically, lawyers who take an office with another law firm will do so because the cost is cheaper than a professional co-working operator and they do not need to sign a lease.

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MyCase

MAY 18, 2021

For that reason, law firms have increasingly relied on online payment processing tools throughout the pandemic in order to get paid since it was the only viable way to ensure continued profitability.

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LawTechnologyToday

FEBRUARY 24, 2022

Highlights vastly streamlines preparation, helps create more effective documents, saves time on research and due diligence, and ultimately produces more strategic arguments. The ability to identify companies within your documents makes due diligence for transactions a breeze. Highlights Impact on Your Practice.

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LawTechnologyToday

AUGUST 15, 2023

By Oliver Patterson , director of product management, VIPRE Security Group Law firms are entrusted with handling vast amounts of highly-sensitive information, ranging from financial data and medical records to insurance claims and personal client details. Embrace email security measures and fortify your firm’s defenses.

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LawTechnologyToday

SEPTEMBER 7, 2023

Julie Saltman is the CEO and co-founder of Standd, an AI-native due diligence and deal review platform, which eliminates friction and creates clarity throughout the deal process, so everyone around the table can focus on building the relationships that are critical to success. What projects have you been focused on recently?

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Legal Legal Diligence Technology 69

Attorney at Work

JULY 14, 2021

Legal recruiting is an important business development tool for law firms looking to expand their client roster, build up their practice areas, and open offices in new locations. Litigation data lets firms conduct targeted legal recruiting. Have they moved from one law firm to another very frequently?

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MyCase

AUGUST 3, 2022

The tax professional reaches out and asks for the accounting for the law firm, only for the attorney to realize they have been managing their firm by their checking account and credit card statements. Missing an entry and missing a client cost that should be billed back to your customer will also cost your law firm.

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Attorney Law Firm Law Firms Diligence 98

Patently O

JANUARY 4, 2024

And, the implications of this lawsuit may extend to how law firms draft motions and whether they can freely use existing legal documents as templates without infringing on copyright. The case thus raises questions about the extent to which legal pleadings and motions, as petitions to the government for redress, are protected speech.

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Law Firm Law Firms Attorney Legal Research 124

Rocket Matter

OCTOBER 3, 2023

Why the billable hour matters Reports state that many attorneys bill between 1,700 and 2,300 hours per year , so not tracking all your time accurately can lead to tens of thousands in lost revenue. Second, law firms track the billable hours of each attorney.

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LawSites

APRIL 1, 2022

Athennian says it is the first true cloud platform for enterprise legal entity management, in a market dominated by two legacy products, Diligent and hCue by CT Corporation (which is owned by Wolters Kluwer). The company said it will use this new round of funding “to continue taking a proactive approach to scaling its business.”

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SimplyLawJobs

NOVEMBER 24, 2021

We recently spoke with Samuel Tahir, Samuel is a paralegal at international law firm, Hogan Lovells. He kindly shared his path to becoming a paralegal, including how he secured his position at a global law firm and advice for aspiring legal professionals. Introducing Samuel . It has been my dream from a very young age.

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Paralegal Paralegals Paralegal Jobs Law Firm 70

LawSites

FEBRUARY 7, 2023

With some 40 templates, customizable templates, and a new interface designed to be more intuitive, Legatics now supports legal project workflows and deal closures across a range of law firm departments, including banking and finance, litigation, capital markets, real estate, corporate and M&A, regulatory, employment and restructuring.

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Project Management Real Estate Law Firm Law Firms 97

Rocket Matter

DECEMBER 5, 2023

Performing due diligence on a client matter. Recovering from a pickleball injury after a firm-wide tournament. The right call-back service will also train client service professionals on the specifics of your law firm, its services, and branding. Some things you don’t want to rush. Tax preparation.

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Law Firm Law Firms Legal Legal 52

LawSites

AUGUST 15, 2023

Now Kira, which was acquired in 2021 by Litera , is employing the newest wave of generative AI to help legal professionals accelerate the process of due diligence and other forms of contract reviews. When it was founded in 2000, Kira pioneered the use of artificial intelligence and machine learning for contract review and analysis.

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Blumberg

JULY 12, 2021

Ransomware attacks are rising, big law firms and small solo practitioners firms are equally both at risk. The key to prevention is diligence. Cybersecurity is never a hands-off element of running a law firm. Experts believe up-to 1500 companies across the U.S. have been targeted this year alone. Conclusion.

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Law Firm Law Firms Diligence Legal Services 89

CosmoLex

JANUARY 10, 2024

When an attorney is holding the money in a trust account, that money doesn’t belong to the attorney (or their law firm). How can law firms avoid the problem in the first place? Only money that is provided by the client or that is to be paid to the client should go into a trust account.

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Lawyer Lawyers Law Firm Law Firms 52

LawSites

AUGUST 25, 2021

The billable hour has been unfairly painted as the villain of law firm pricing, when in fact opacity is the issue. It happens in corporate deal making as well; issues are discovered during due diligence that have a material impact, on both the deal, and the final legal invoice. The truth is that little has changed.

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Law Firm Law Firms Legal Legal 91