MyCase

JULY 6, 2022

Setting law firm financial benchmarks may seem like an unnecessary task. This piece reveals the background of financial benchmarking, the process of productively setting benchmarks, and financial benchmarking tools your firm can implement today. . Law firms are no exception. How Does Financing Differ for Law Firms?

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LawTechnologyToday

NOVEMBER 30, 2022

Which Technology Is the Best Fit for Your Law Firm? It’s a big part of the reason why many law firms have historically been slow to adopt new technology. But over the past two years, attorneys have been put in a position where choosing not to implement new legal tech isn’t really an option anymore.

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LawTechnologyToday

JANUARY 24, 2022

You can find all of the Division’s books in the four core areas of management, marketing, finance, and, of, course, technology here. What problem faced by lawyers does The Law Firm Client Service Interview Playbook solve/address? To state it bluntly: The problem is that every law firm’s client is another law firm’s prospect.

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LawTechnologyToday

NOVEMBER 25, 2022

Streamline law firm workflows . To resolve these issues, attorneys are turning to legal time management software. Our research determined that more than half of law firms recorded additional time after implementing legal time tracking software , with 9% of firms reporting at least 15 additional hours billed per month. .

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MyCase

AUGUST 22, 2022

A boutique law firm’s case management process provides a different experience for lawyers and clients. . In this article, we’ll uncover what you need to know about boutique firms, such as: What is a boutique law firm and what is biglaw? How boutique law firms differ from biglaw firms.

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Attorney at Work

APRIL 19, 2022

Here is what you need to know about law firm profits. How Should You Divide Your Law Firm Profits? One part of your law firm profits needs to be segregated into an account that is set up as a “war chest” while the rest gets distributed to the owner or owners. Paying Out Law Firm Profits.

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MyCase

SEPTEMBER 14, 2021

The day-to-day tasks involved in running a successful law firm – including tracking deadlines, staying on top of client communications, overseeing your firm’s finances, and business development – can take up significant amounts of time. That’s where law practice management software comes in.

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Rocket Matter

DECEMBER 12, 2023

Why time-tracking policies matter Law firms experience unique challenges in managing time effectively. Effective resource allocation Effective time tracking enables law firms to allocate their resources efficiently.

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Rocket Matter

NOVEMBER 21, 2023

7 tips for law firms to get ready for taxes Grab a holiday cookie and turn off your email notifications. And that’s a big part of your year-end tax prep. Filing year-end tax forms is crucial for law firms for several reasons. One too many “Season’s Greetings” emails.

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Rocket Matter

OCTOBER 10, 2023

This kind of robust law firm time-tracking software allows a lawyer to be on the go and just click start and stop. Attorneys have called ours self-explanatory. Get free guide 6 Billing Strategies to Grow Your Law Firm Scaling your law firm doesn’t just mean adding more lawyers or increasing your number of clients.

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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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MyCase

JUNE 14, 2022

Law firm accounting can be a lengthy process, widely despised by attorneys and other legal professionals who’d instead be practicing law than crunching numbers. . And lawyers who take on the law firm accounting duties themselves often end up dedicating hours to non-billable administrative work. .

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MyCase

JUNE 14, 2022

Law firm accounting can be a lengthy process, widely despised by attorneys and other legal professionals who’d instead be practicing law than crunching numbers. . And lawyers who take on the law firm accounting duties themselves often end up dedicating hours to non-billable administrative work. .

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MyCase

DECEMBER 15, 2022

Today is the day that you’re ready to open a law firm of your own. And so on In this overview, we’ll detail how to start a law firm using practical “small” steps, so you don’t put off the idea for yet another year. What Should You Consider Before Starting a Law Firm? Consider the points listed below.

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MyCase

DECEMBER 15, 2022

Today is the day that you’re ready to open a law firm of your own. In this overview, we’ll detail how to start a law firm using practical “small” steps, so you don’t put off the idea for yet another year. This includes what to consider before starting, the costs, and practical tips on how to open a successful law firm. .

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Rocket Matter

SEPTEMBER 20, 2023

Why settle for a one-size-fits-all template when your law firm is anything but generic? For example, most generic templates aren’t optimized for local SEO, a crucial factor for law firms that rely on clientele in their geographic area. The truth is that not all websites are created equal.

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MyCase

DECEMBER 19, 2022

Why scheduling software for law firms can boost business. What to look for in law firm appointment scheduling software. Below are key reasons why calendaring software for law firms can benefit you. . Law firm appointment scheduling software allows you to send these automatic reminders via text or email.

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LegalTalkNetwork

JUNE 15, 2022

The thought of starting your own firm appeals to many attorneys at some point in their career. But there are several things you should consider before you quit your current firm and start your own. So how do you know if you should start your own law firm? What to Consider Before Starting Your Own Law Firm.

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MyCase

SEPTEMBER 10, 2022

Most lawyers don’t get into law expecting to tackle accounts receivable. However, addressing unpaid client bills is unavoidable for nearly every firm. That’s where a law firm accounts receivable management system comes into play. . What is Accounts Receivable Management for Law Firms? .

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LawTechnologyToday

MARCH 23, 2021

You can find all of the Division’s books in the four core areas of management, marketing, finance, and of course, technology, here. What is the main message of How Successful Law Firms Really Work ? The main message of the book is to help attorneys develop and implement processes to run a successful law firm.

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LawTechnologyToday

MAY 17, 2021

With law firm profitability constantly under pressure, firms are increasingly concerned about their cash flow and getting paid by their clients. According to a survey from Ari Kaplan Advisors and LSQ, nearly 60% of law firms say getting paid is moderately challenging. Across the U.S.,

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LawSites

MAY 9, 2023

Google has announced the release of eight new top-level domains that include one specifically designed for lawyers and law firms, “ esq,” based on the abbreviation of esquire that lawyers use to show they are admitted to practice. the website of Ugo Lord, who describes himself as “the TikTok attorney.”

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Rocket Matter

NOVEMBER 14, 2023

You know many attorneys at your firm are burning the midnight oil. And one of the biggest downsides is an associated delay in logging hours. Without automatic time-tracking, attorneys may wait until the end of the day to record their hours, and that leads to lost revenue. There are so many micro benefits as well.

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Rocket Matter

JANUARY 30, 2024

In this post, we’ll review the most common objections law firms face in implementing time-tracking systems, and then offer practical steps you can take so you can overcome them. Challenges law firms face in implementing time-tracking systems Want to get attorneys and legal staff on board with time-tracking processes?

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Attorney at Work

AUGUST 24, 2023

Managing your law firm's finances can be complex and time-consuming. The post Top Five Time-Saving Features to Look for in Billing and Accounting Software appeared first on Attorney at Work. Checkout these 5 billing and Accounting software time-saving features.

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MyCase

SEPTEMBER 9, 2022

Fortunately, your firm can speed up invoicing using an attorney billing statement—a customizable invoice template. How to establish an efficient pre-billing process that positions your firm for success . Features that every attorney invoice should contain . A sample attorney billing statement (and how to use it).

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CARET Legal

APRIL 24, 2024

A must-have feature of legal practice management platforms, case management software, centralizes all your case files, communications, billing, and scheduling in one platform — it’s truly like having a command center for your law firm. New law firm technology can produce error-free documents swiftly, saving time and resources.

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LawSites

SEPTEMBER 28, 2021

Recent headlines in the financial press are replete with stories about the new boom in buy now, pay later financing for retail purchases, with many retailers, including Walmart, the nation’s largest, now offering these point-of-sale loans. The maximum amount a client will be able to finance through the service is $15,000.

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MyCase

DECEMBER 1, 2020

However, once the pandemic struck in March, I quickly shifted my focus to the tools that would help law firms continue to operate seamlessly and securely, even with a dispersed workforce. One of the top challenges faced by law firms as they shift to a remote workforce is the ability to access case-related information.

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LawSites

MAY 19, 2022

It is a problem that hinders technology adoption in law firms and creates platform fatigue – or platform confusion – among lawyers and staff, not to mention the waste of time. In law firms that deploy Termi, lawyers and other users see it pinned to the taskbar on their computers. Interact with Any Third-Party System.

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MyCase

JULY 14, 2022

With an attorney billable hours chart, you’ll have a system for efficiently and ethically recording all billables. Paired with helpful software tools, your firm will enhance productivity, improve cash flow, and delight clients. How do Attorneys Calculate Billable Hours? What are the Average Billable Hours for Attorneys?

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LawSites

DECEMBER 15, 2021

Lawmatics , a company whose platform provides client relationship management (CRM), client intake and marketing automation for attorneys, has closed a $10 million Series A financing round, it is announcing today. The financing follows the San Diego-based company’s raise of a $2.5 million seed round in October 2020.

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Attorney at Work

AUGUST 26, 2021

Contract attorneys have made it possible for legal organizations to level up their teams’ expertise without increasing headcount. . Law firms didn’t let the pandemic get in the way of profitability or performance in 2020. Corporate law departments made structural shifts as well. Here are some lessons they learned.

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InHouseBlog

JUNE 26, 2023

So, you’re one of those attorneys who has had little-to-no work for the last few months. You’re in a lot more danger of joining the ranks of the unemployed if you stay where there is no work than if you move someplace that is specifically looking for an attorney with your skill set. The answer? Network Now. Don’t be afraid to look.

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CARET Legal

APRIL 3, 2024

A law firm profit margin is a key indicator of your firm’s financial health and operational efficiency. Understanding the financial health of your law firm can be a complex task. One critical metric is your law firm’s profit margin. What Is a Good Profit Margin for a Law Firm?

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LawSites

MAY 23, 2023

Steno , a tech-enabled provider of litigation support services, whose flagship product, DelayPay , enables law firms to defer service costs until their case resolves, has closed a Series B funding round of $15 million, bringing its total raise to $38.5 This latest round was led by Left Lane Capital. ” . ” .

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Attorney at Work

JANUARY 5, 2022

Attorney at Work’s new “You at Work Spotlight” series focuses on the crucial role business professionals play in law firms of all sizes — including newly emerging career options in the legal industry. The firm also has a top-of-the-line coffee machine for all employees. HJO: I always wanted to be like my brother.

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