CARET Legal

APRIL 5, 2024

Lawyer burnout is a significant and prevalent issue in the modern legal profession. Tools like CARET Legal help lawyers automate routine legal tasks, streamline administrative work and minimize stress, helping them overcome burnout. What Causes Lawyer Burnout?

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CARET Legal

MARCH 8, 2024

It promises access to specialized expertise, potential cost savings, and more time for lawyers to focus on their core work. But, consider the following scenario: You’re dealing with a service provider located several time zones away. Timely, accurate invoicing that builds client trust and boosts your bottom line.

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LawSites

OCTOBER 9, 2023

Clio also introduced new features designed specifically for legal aid organizations, Clio for Legal Aid, that will offer discounted subscription plans and include tools to help them create and manage grants and funding sources, report on grant deliverables, calculate intake eligibility, and use grant-funded or sliding-scale billing functionality.

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LawSites

FEBRUARY 27, 2023

With ABA TECHSHOW beginning Wednesday, you can expect several companies to introduce new products and features this week. First up is the online payments company LawPay , which today is announcing a new product tier, LawPay Pro, that enhances the standard LawPay electronic payments platform with the addition of legal billing features.

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CARET Legal

MARCH 18, 2024

One avenue to explore is legal consulting, a dynamic and multifaceted field with untapped potential for law firms of all sizes. What is a Legal Consultant? Legal consultants are professionals who advise businesses and individuals on a spectrum of legal matters.

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Rocket Matter

OCTOBER 24, 2023

As an attorney, streamlining how you track billable hours is essential to achieving your full potential as a productivity powerhouse. By making every minute count and developing a robust system for time tracking, you will maximize your earnings and have more time for life outside the office (or the courtroom).

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Rocket Matter

SEPTEMBER 12, 2023

If you had a dollar for every time a lawyer wanted more time in the day…well, you’d probably have enough to retire. Time is always in short supply for law firms, especially for firms with limited resources. Here are 10 time tracking tips to maximize your billable hours today! For an even easier fix, though… 2.

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Rocket Matter

JULY 11, 2023

If we asked 100 people, “Do you think you should get paid accurately for the time that you work?” We’re talking about the unintentional ways that law firms decrease their profits via lost billable time. Why do lawyers lose billable time ALL the time? That causes your firm to lose out on billable time.

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MyCase

AUGUST 18, 2023

Without a robust system in place to keep track of it all, the sheer volume of cases, documents, deadlines, and communications can quickly become overwhelming. Enter legal matter management, a strategic approach that empowers law firms to stay on top of their never-ending workload—all from one centralized location.

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Paralegal Bootcamp

MARCH 17, 2023

Technology is an integral part of any business, including law firms and legal departments. Additionally, technology can save time by automating tasks that would otherwise take up countless hours of your day. Learn 10 Paralegal Tips to Fast-Track Your Career. However, litigation technology can be tricky to understand.

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LawSites

MARCH 1, 2022

The company also is adding new electronic payment capabilities through a partnership with Gravity Legal , a credit card and bank transfer acceptance platform specifically designed for law firms. The time-and-billing feature set will be offered to customers as an add-on to their subscriptions at an additional cost.

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LawTechnologyToday

NOVEMBER 25, 2022

When faced with challenging daily tasks, such as managing invoices and reconciling trust account transactions, even the most brilliant legal minds struggle to build a successful practice. . Time-Tracking Software . To resolve these issues, attorneys are turning to legal time management software. Save time .

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CARET Legal

APRIL 19, 2024

LEDES, or the Legal Electronic Data Exchange Standard, is a leading format designed to standardize billing communications between law firms and corporations. Their extensive experience in electronic billing and legal software equips them with unique perspectives and insights into these systems. Let’s dive in and learn together.

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Rocket Matter

FEBRUARY 24, 2023

For a law firm, client portals make it more likely that clients will pay their bills on time. Portals can support steadier liquidity for your firm while reducing the time it takes to follow up, and minimizing the need to have those awkward payment conversations with clients.

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LawTechnologyToday

JULY 29, 2022

With only 24 hours in the day, there’s little time left to spend on time tracking, billing, and chasing after slow-paying clients. You may be thinking about leveraging a time and billing solution. Creating future efficiencies requires investing a little time upfront to find the right application for your firm.

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MyCase

AUGUST 1, 2022

Time Management Software for Law Firms . For many attorneys, legal time tracking is their greatest ally and worst enemy. Lawyers charging by the hour must track every minute to maximize profitability, while those working on a contingency or flat fee basis use frequent time entries to track case progress. .

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Rocket Matter

AUGUST 8, 2023

If you operate a solo or small legal practice, you know that your business model must account for the size of your firm. Except, here’s a secret you can steal from larger businesses: billing and invoicing don’t have to be a time-intensive manual process. you can spend more of your time focusing on case matters. More flexibility!

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Rocket Matter

NOVEMBER 14, 2022

in 2022 ), it’s the right time to look at your current rates and see if you’re charging enough to remain profitable. Track time and expenses meticulously. The only way to know how much time something takes is to track it thoroughly. Multiple time trackers take care of this issue.

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Rocket Matter

DECEMBER 29, 2022

While many law firms require that their attorneys work a mandatory number of billable hours (the time clients pay for directly) per week, that isn’t the extent of a lawyer’s workload. of the ABA , lawyers are not permitted to collect unreasonable fees for expenses. . Time tracking: what you need to know .

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MyCase

AUGUST 10, 2022

The legal profession is commonly considered a profitable one. Those outside the legal field (or new to it) may not be familiar with how lawyers get paid or know that not all payments are created equal. In addition, court costs and other litigation expenses are usually paid by the client or taken out of the settlement.

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Rocket Matter

JANUARY 9, 2023

You might find this information shocking coming from the company that created the first online legal billing and law practice management software… . You don’t need the most powerful software on the market to provide standout service to your legal clients. Sure, innovative legal technology can be useful when it’s implemented well.

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Attorney at Work

JULY 22, 2022

Save time in your work day with Rocket Matter legal practice management integrations. Managing legal matters can make you feel like you’re running around like a chicken with its head cut off. If that sounds familiar, it may be time to think about how to save time in your work day. Document Software and Storage.

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MyCase

JULY 6, 2022

That’s where legal accounting software can help. What is Legal Accounting Software? . Legal accounting software allows you to manage every aspect of your law firm’s finances effectively. Below are examples of different types of legal accounting software: . 46% increase in legal payment collection .

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MyCase

MAY 24, 2022

To run a successful legal practice, you need to have an effective billing solution in place. One that provides a straightforward way to track time and expenses, ensures that bills are timely, and offers a clear description of services. Difficulty in tracking incoming checks. Let’s get started! .

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Rocket Matter

JANUARY 23, 2024

You might not think of billing as a way to delight your clients, but it’s time to give it a bit of a rethink. This means using natural language rather than overusing legal jargon. It’s easy to accomplish that with the help of the right tech. A legal-specific time-tracker will allow you to label your tasks while they’re in progress.

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MyCase

DECEMBER 15, 2022

When you’re juggling cases with varying dates and deadlines, an efficient system is the only way to ensure that everything gets done on time and clients stay happy. . That’s where legal docketing comes into play. What is Legal Docketing? Keeping client intake and communication on track. Centralizing case information .

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CARET Legal

FEBRUARY 23, 2024

AI is expected to automate nearly half of legal tasks in the US and Europe. Several legal technology trends are set to reshape how law firms operate. Artificial Intelligence and GenAI in the Legal Industry One of the most prominent law firm technology trends is the use of Artificial Intelligence (AI), including Generative AI (GenAI).

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MyCase

AUGUST 5, 2022

When law firms provide payment plan options, it can make legal assistance more affordable, expand the firm’s client base, and even help lawyers get paid. According to the MyCase 2021 Industry Report , which surveyed over 2,000 legal professionals, 73% of respondents stated that getting paid was a challenge for their firms. .

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Rocket Matter

DECEMBER 14, 2023

for your clients to settle their bills with your firm? (Hint: the answer involves Rocket Matter Pay.) Why do legal clients pay late? But how do you bypass challenges and make it convenient—really convenient, even!—for Put yourself in your client's shoes for a moment and consider what the obstacles to payment may be.

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Rocket Matter

MAY 9, 2023

and, of course, the legal profession. With some notable exceptions, such as document assembly, though, lawyers have been reluctant to embrace automation. 12 Legal Payment Processing Features to Look For Want to see a healthier cash flow and happier clients? And at a law firm, time is quite literally money.

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MyCase

OCTOBER 3, 2023

A realistic start-up estimate incorporates initial costs plus at least six months of primary expenses. Duplexing and support for letter- and legal-size scans are also important. Scanners with this feature set tend to cost around $1,000. That frees up time to secure new clients and represent them.

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LawTechnologyToday

AUGUST 24, 2023

Alternatively, you may use trust account funds to cover personal expenditures or firm expenses. Recording transactions promptly allows for better tracking of incoming funds and their purpose. For example, you could deposit the client’s funds into a personal or business account.

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Rocket Matter

APRIL 4, 2023

But it’s one thing to know how and why you want to prioritize your clients, and another to find time in the day to actually make it happen. If you find yourself spending more time on administrative tasks than on nurturing client relationships, it may be time to test out the “lean” business methodology. What is “lean” law methodology?

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MyCase

AUGUST 31, 2022

Legal tech software for the “money in” side of the workflow can benefit your bookkeeping processes. Invoicing for law firms tends to be a more complex and time-consuming task. For example, MyCase software can track your hourly billing or billed hours and generate beautiful invoices for your clients.

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MyCase

SEPTEMBER 9, 2022

Many lawyers would say their time-consuming billing and invoicing processes. After all, most would rather spend time helping clients than completing administrative tasks. . Features that every attorney invoice should contain . The most accurate attorney invoices track every minute. Proactively Communicate With Clients.

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MyCase

SEPTEMBER 29, 2022

After all, attempting to scale at an inopportune time can do more harm than good. Do I Know How to Track Key Performance Indicators (KPIs)? . You can’t thoroughly assess law firm development without tracking data, such as the number of leads converted into cases this year compared to the year prior. In short, yes.

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MyCase

MARCH 8, 2022

The simplest and most cost-effective way to accomplish this is with law practice management software that provides built-in legal billing features. Such software will help your firm create a streamlined billing process that will take care of everything – from remote time tracking , invoicing clients to accepting online payments.

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