Remove resources legal-trends attorney-hourly-rates-calculator
article thumbnail

What’s Your Law Firm’s Profit Margin & Is It Good?

CARET Legal

The formula to calculate it is simple: > Profit Margin = (Total Revenue – Total Expenses) / Total Revenue * 100 For example, if your law firm generates $1,000,000 in revenue and has $700,000 in expenses, your profit margin would be 30%. Think utilization rate, realization rate, and collection rate. So why wait?

article thumbnail

Legal Technology—Trends and Options to Choose From

MyCase

New technologies continue to evolve the legal landscape. In this guide, we’re breaking down what attorneys need to know about legal technology, including: . A brief overview of legal technology . Different types of legal technologies and their benefits . Emerging legal technology trends to prepare for .

article thumbnail

Voting Is Open! Pick the 15 Finalists to Compete At Startup Alley at ABA TECHSHOW 2024 in February

LawSites

Help pick the 15 legal tech startups that will get to compete at the eighth-annual Startup Alley at ABA TECHSHOW 2024. It also improves access to justice for society as lawyers can handle more cases, as well as remove some bias from the legal system through fact-first drafting. Voting is now open! 14-17, 2024, in Chicago.