NCBA Law Practice Management Blog

DECEMBER 1, 2021

The best and highest use of an attorney’s time is focused on one of two things: (1) billing at the highest possible rate; (2) closing new business that can be billed at the highest possible rate. I call that ‘practicing at the top of your law license’. And yet, this remains a difficult thing for law firms to do. We can help.

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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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Attorney at Work

SEPTEMBER 16, 2021

The Interest on Lawyers’ Trust Account, commonly called IOLTA, is one of the most valuable tools for expanding legal representation to appear in recent decades. But IOLTA management can present a major challenge for lawyers, particularly those in solo practice or small firms. Common Mistakes Lawyers Make in IOLTA Management.

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MyCase

SEPTEMBER 8, 2021

For law firms, streamlined, effective legal billing software is incredibly important, since the more efficient your firm’s billing processes are, the more quickly your firm will get paid. Many lawyers bill by the hour, and for those lawyers, time is money. Rest assured, accomplishing these goals is easier than it might sound.

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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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LawTechnologyToday

DECEMBER 14, 2021

For law firms, streamlined, effective legal billing software is incredibly important. Read on to learn about the most common billing problems law firms face, and how to help your law firm overcome them. . Read on to learn about the most common billing problems law firms face, and how to help your law firm overcome them. .

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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

OCTOBER 3, 2023

Attorneys who wait until the end of the day to record their time lose 10-15% of their billable hours , and those who wait until the end of the week lose 25%! The good news is, you don’t actually have to write the time down with pen and paper or even in Excel like the old days. Here’s a guide to how to get over that hump.

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JURIST

OCTOBER 3, 2021

Steven Donziger, a former attorney who has spent decades battling Chevron Corp. She stated that “it seems only the proverbial two-by-four between the eyes” would get him to properly respect the law. over pollution in the Ecuadorian rainforest, was sentenced on Friday to six months in prison for criminal contempt of court.

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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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Above The Law

OCTOBER 20, 2023

* Non-lawyer Stephen Miller continues his bid to be the go-to ambulance chaser of "were your feelings hurt by wokeness?" by suing NYU Law Review for discriminating against white men. Bloomberg Law News ] * Cleary facilities manager who sent fake invoices to the tune of around a million bucks heads to jail.

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LawTechnologyToday

AUGUST 13, 2021

The American Bar Association’s Law Practice Division publishes a bi-monthly magazine, Law Practice , which contains insightful articles and practical tips on marketing and client development, practice management, legal technology, and finance. I find that the product backstory is nearly as interesting as the product itself.”

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MyCase

SEPTEMBER 9, 2022

Many lawyers would say their time-consuming billing and invoicing processes. Fortunately, your firm can speed up invoicing using an attorney billing statement—a customizable invoice template. Features that every attorney invoice should contain . A sample attorney billing statement (and how to use it). Set Your Fees .

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MyCase

AUGUST 16, 2022

Whether your retirement is around the corner or further down the road, retirement for lawyers requires extensive preparation. There are certain lawyer retirement rules and regulation requirements you’ll need to follow—and they vary from state to state. . When Do Lawyers Retire? Is There a Mandatory Retirement Age for Lawyers?

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LawSites

JULY 28, 2021

The expansion means that inhouse legal teams will be able to use Priori not only to hire lawyers to help with projects, but also to find and access “new law” and legal technology options suitable to the project. The team then can review the suggestions, message or speak with the recommended attorneys, or ask them to submit bids.

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LawSites

MAY 5, 2021

This week, David Lat, who founded the blog Above the Law in 2006, and who earlier, in 2004, started the anonymous blog Underneath Their Robes , and who left blogging two years ago to take a job as a legal recruiter, is returning to writing as a full-time livelihood. Another lawyer-turned-journalist is U.K.-based Surveillance State.

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Rocket Matter

NOVEMBER 7, 2023

Many attorneys are overwhelmed or challenged by the need to track billable hours efficiently. Let’s look at seven common time-tracking problems and how lawyers can easily solve them. Losing that level of billable hours amounts to thousands of dollars per attorney, per week, for your firm (a.k.a. The solution is simple.

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MyCase

AUGUST 10, 2022

Many people study to become a lawyer because they covet a high salary—but where does that money come from? 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. Several factors affect attorney salary and determine a law firm’s profitability. .

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MyCase

SEPTEMBER 29, 2022

Pay for lawyers can be a complicated process that depends on several factors, such as practice area, case type, firm size, and how the lawyer chooses to charge. In this article, we’ll answer the question “how do lawyers get paid?”, Types of Attorney Fees. How do lawyers get paid? Fixed Fees. Contingency Fees.

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Attorney at Work

JUNE 6, 2022

How have law firms supported their clients during the COVID-19 pandemic? While law firms may not have all the answers — let’s face it, there is no playbook for this — firms that are flexible, agile and innovative can best serve their clients and stand apart from their competition. Anticipating Changing Needs.

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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.

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Attorney at Work

OCTOBER 11, 2023

Renee Pastor | The burden of student loans, other financial obligations and lifestyle creep, can lead to significant stress among attorneys. The post Should Your Law Firm Have a Director of Financial Wellness? appeared first on Attorney at Work.

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Attorney at Work

SEPTEMBER 2, 2021

No matter the size of your law firm, maintaining a positive cash flow is essential. The most successful law firms use a variety of best practices to manage their finances effectively, many of which can be implemented relatively quickly. For modern attorneys, using cloud-based practice management software is nearly essential.

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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. As a refresher for your law firm, this includes but is not limited to case-focused research, drafting of pleadings, and court appearances. How do Attorneys Calculate Billable Hours? Calculating Hours.

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LawTechnologyToday

NOVEMBER 25, 2022

We often hear lawyers say they went to law school to study law, not to learn how to run a firm. Streamline law firm workflows . According to more than 2,000 survey respondents who participated in MyCase’s 2021 Legal Industry Report , 61% of lawyers find capturing billable time a challenge. .

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Rocket Matter

SEPTEMBER 26, 2023

By streamlining tasks, including marketing and client communications (which any lawyer knows can take up more time than expected), law firms that leverage AI can increase their profitability and productivity. Understandably, many law firms are cautious about utilizing ChatGPT and other AI tools.

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MyCase

AUGUST 8, 2022

SaaS for Lawyers. SaaS is modernizing the legal industry in two ways: by making law firms more efficient and creating career opportunities for lawyers worldwide. In this article, we’ll be discussing all things SaaS for lawyers. In this article, we’ll be discussing all things SaaS for lawyers. What is SaaS? .

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Attorney at Work

FEBRUARY 14, 2022

It is essential to understand that prospective law firm clients want to learn about you as a lawyer before deciding to pursue your services. If you do a good job, they will be more likely to reach out when they decide to hire a lawyer. Are There Best Practices for Creating Law Firm Website Content? Pain points.

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MyCase

AUGUST 8, 2022

SaaS for Lawyers. SaaS is modernizing the legal industry in two ways: by making law firms more efficient and creating career opportunities for lawyers worldwide. In this article, we’ll be discussing all things SaaS for lawyers. In this article, we’ll be discussing all things SaaS for lawyers. What is SaaS? .

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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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NCBA Law Practice Management Blog

OCTOBER 1, 2018

Law practice management consulting is, essentially, business management consulting for law firms. Why Does Your Law Firm Need Business Management Consulting? There are at least a couple of major reasons that it’s helpful for lawyers to access business management consulting. What Can You Do About It?

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Rocket Matter

JANUARY 30, 2024

Resistance to process change is real, especially among lawyers, who are masters at being analytical skeptics. Yet the hurdles and objections voiced by lawyers are real concerns, even when it comes to proven tactics for increasing efficiency and profitability like time-tracking. Or in the courthouse?

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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. More than 59% of lawyers report regularly dealing with late payments.

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LawTechnologyToday

JANUARY 24, 2022

Learn more about the ABA Law Practice Division’s new book titles and their authors! 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?

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Attorney at Work

OCTOBER 29, 2021

But danger lurks behind certain technology, or the way lawyers and staff might use it. What are some scary things WFH has revealed about lawyers’ tech habits? Anne worked as a patent paralegal at a Chicago IP firm before arriving at the CBA in 2017 as the Law Practice Management and Technology department’s trainer/coordinator.

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MyCase

AUGUST 22, 2022

When imagining a successful lawyer, most of us picture the often glamorized biglaw lawyer. But there are several ways to practice law. A boutique law firm’s case management process provides a different experience for lawyers and clients. . How boutique law firms differ from biglaw firms. Staff Size.

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The Hollywood Lawyer

JULY 4, 2021

In addition, business owners must comply with all applicable laws and regulations. An entrepreneur’s failure to follow the laws that are relevant to their business can lead to expensive legal […]. The post Reasons Why Entrepreneurs Should Hire Business Attorneys appeared first on THE HOLLYWOOD LAWYER.

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