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What Is the Biggest Challenge Facing Law Firms Today?

CARET Legal

On one hand, it’s a measure of a lawyer’s productivity and a key revenue driver for law firms. The sheer volume of due diligence required can mean weeks or even months of late nights and weekends spent poring over contracts and legal documents. The post What Is the Biggest Challenge Facing Law Firms Today?

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Law firms should not rush lateral hiring, due diligence expert says

ABA Journal

With the shift to virtual recruitment amid the COVID-19 crisis, the speed at which law firms vet and hire lateral partners has increased, according to…

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Safeguarding Against Commingling of Funds: Best Practices for Your Law Firm

LawTechnologyToday

As a law firm, it’s crucial to be aware of the significant risk posed by the commingling of funds and take proactive measures to prevent it. Best Practices to Guard Against Commingling To ensure your law firm does not engage in commingling, it is essential to establish and maintain separate operating and trust accounts.

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ALSP Factor Launches Product for Law Firms to Manage and Support Transactions

LawSites

There is no denying that some law firms view alternative legal services providers such as Factor as competitors, particularly for corporate legal work. Now, building on these experiences, Factor is launching a productized, tech-enabled Legal Transaction Optimization service specifically for law firms. Due diligence.

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Tax Prep for Law Firms: Year-End Tips

Rocket Matter

To help get your firm up to speed on year-end tax prep, we’ve compiled this list of seven essential tips to take the headache out of doing your taxes and allow you to return to focusing on what matters most: your clients. 7 tips for law firms to get ready for taxes Grab a holiday cookie and turn off your email notifications.

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Don't Forget Due Diligence In Race For Lateral Associate Hires

Law 360

Amid high demand for associates and aggressive competition to attract talent, law firms should take three key steps to conduct meaningful prehire due diligence and safeguard against lateral hiring mistakes that can hurt their revenue and reputation, says Michael Ellenhorn at Decipher.

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Tips for Choosing a Medical Malpractice Law Firm

The Empowered Paralegal

Most practitioners prove their competence each day, working ethically and diligently in the care of their patients. The post Tips for Choosing a Medical Malpractice Law Firm first appeared on The Empowered Paralegal. It is unfortunate that some doctors continue to harm a lot of patients through malpractice cases.

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