LawTechnologyToday

DECEMBER 14, 2021

For law firms, streamlined, effective legal billing software is incredibly important. It ensures that your firm’s legal billing processes are efficient and accurate by reducing the steps needed to invoice clients and accept online payments. Enter modern legal billing software. Hurdle 1: Missed Billable Time.

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Attorney at Work

JUNE 2, 2022

Instead of starving your firm by pulling out all the profits, continue funding growth — and accelerating profits — by feeding your firm’s war chest. It’s hard to start a law firm. We call this starving the firm. Maybe you: Financed the firm on personal credit cards. Hiring a great attorney.

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Law Firm Law Firms Laws Finance 95

Rocket Matter

JANUARY 30, 2023

Register Now To keep your law firm running efficiently, making informed decisions is crucial—whether it’s determining the most effective strategy for a client’s legal matter or identifying areas where your firm can reduce expenses. For example, you can: 1. Start accepting payments online! Download free guide 3.

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Law Firm Law Firms Laws Legal 96

Attorney at Work

JUNE 6, 2022

How have law firms supported their clients during the COVID-19 pandemic? A dozen business development professionals talk about the innovative ways their firms have strengthened relationships and created deeper ties. And law firms that resist the impetus for change will risk failure. Anticipating Changing Needs.

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LawTechnologyToday

AUGUST 27, 2021

The American Bar Association’s Law Practice Division publishes a monthly webzine, Law Practice Today , covering the latest topics in law practice management. August’s edition focused on finance, with technology topics ranging from processing payments to virtual depositions.

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Attorney at Work

OCTOBER 10, 2022

If you’re stuck with high law firm AR, a change of strategy could be past due. There’s no question that many law firms struggle to whittle away at their accounts receivable (AR), the outstanding amount that has been invoiced and not paid.

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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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MyCase

DECEMBER 15, 2022

Though all law firms share some similar concerns, solo or small firms present unique challenges and benefits due to smaller headcounts and fewer resources. To be profitable, smaller law management requires a strategic structure to oversee staff delegation, client relationships, office management, and cases.

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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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Law Firm Law Firms Laws Technology 81

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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Law Firm Law Firms Laws Finance 90

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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Law Firm Law Firms Laws Case Management 98

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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Law Firm Law Firms Laws Legal 52

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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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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Law Firm Law Firms Laws Legal 52

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

JANUARY 23, 2024

All the successful law firms you see on TV are full of sharpshooters with the smartest teams, the sleekest offices, and the sharpest suits in town. But wait—is their website still stuck in the dial-up era? Having a law firm website is as much of a no-brainer as owning a law library or sporting that indispensable power suit.

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Law Firm Law Firms Laws Legal 52

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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Law Firm Law Firms Laws Lawyer 52

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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Law Firm Law Firms Laws Lawyer 52

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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Law Firm Law Firms Laws Legal 52

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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Calendaring Law Firm Law Firms Laws 52

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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Attorney at Work

NOVEMBER 2, 2021

Abacus Payment Exchange (APX) is a proprietary tool that has been built from the ground up and engineered exclusively for law firms. If queried, most law firms would point to March of 2020 as the point in time that everything changed. Balance Forward: Introducing Abacus Payment Exchange (APX).

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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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Rocket Matter

JUNE 20, 2023

How’s your law firm performing? But it’s one thing to know that you need to analyze company data, and entirely another thing to carry it out—and do so correctly. After all, most law firms don’t have much time to spare. Annual overhead Operational costs add up quickly in a law firm.

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Rocket Matter

OCTOBER 31, 2023

Billable hours are the time during which attorneys work on tasks related to clients’ cases. When you track billable hours correctly, you ensure that clients are charged appropriately for the services they receive and that the firm is compensated for all the work it completes for a client.

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Law Firm Law Firms Laws Legal 52

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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LawSites

MAY 30, 2023

In a first for an e-discovery technology company, Chicago-based Nextpoint is launching an Arizona law firm June 1 under that state’s liberalized law practice rules that allow non-lawyers to own law practices. ” Leading the firm as managing partner is Andrew R.

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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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