Finance Docket: Big Deals Are Big These Days
Above The Law
APRIL 5, 2024
And law firms are staffing up for them. The post Finance Docket: Big Deals Are Big These Days appeared first on Above the Law.
How Well Are You Managing Your Personal Finances?
Above The Law
APRIL 9, 2024
A focus on law firm performance can leave personal money management neglected. The post How Well Are You Managing Your Personal Finances? appeared first on Above the Law. This episode of the Non-Eventcast will help you ensure it doesn't happen to you.
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Top-Notch Credit Finance Opportunity At A Top 20 Am Law Firm! [Sponsored]
Above The Law
JULY 27, 2022
Credit Finance associates can find more information on this exciting opportunity in H-Town here. The post Top-Notch Credit Finance Opportunity At A Top 20 Am Law Firm! appeared first on Above the Law.
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Law Firm Leaders Seem Nervous About Cash Heading Into 2024 — Are Salary Increases To Blame?
Above The Law
DECEMBER 4, 2023
Law firm leaders are no longer looking at things through rose-colored glasses when it comes to their finances. The post Law Firm Leaders Seem Nervous About Cash Heading Into 2024 — Are Salary Increases To Blame? appeared first on Above the Law. How do these raises and bonuses make them feel?
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Empower Your Firm: The Modern Guide To Litigation Financing
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This guide simplifies the complex world of litigation financing and compares different models and how they can impact the access to justice your firm provides to clients. Learn how by downloading the guide today.
Dechert’s Global Finance And Real Estate Co-Chair Explains How Biglaw Firms Can Get More Women Into Partnership And Leadership Roles
Above The Law
MARCH 8, 2024
This Biglaw partner has the scoop on how law firms can 'inspire' their female associates to become powerful leaders. The post Dechert’s Global Finance And Real Estate Co-Chair Explains How Biglaw Firms Can Get More Women Into Partnership And Leadership Roles appeared first on Above the Law.
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Lawyer who stole more than $1M from his law firm gets disbarred
ABA Journal
MARCH 28, 2024
It covers the trends, people and finances of the legal profession from Wall Street to Main Street to Pennsylvania Avenue. The ABA Journal is read by half of the nation's 1 million lawyers every month.
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Trust Fall: Law Firms Should Farm Out More Functions
NCBA Law Practice Management Blog
DECEMBER 1, 2021
Of course, adopting this approach usually requires a change in process management for faw firms. And yet, this remains a difficult thing for law firms to do. Don’t like finances? Hire a bookkeeper, or a bookkeeping firm. When you’re chief cook and bottle washer, you limit the growth potential of your law firm.
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Lockup: A New Metric to Monitor Law Firm Cash Flow
Attorney at Work
OCTOBER 31, 2023
2023 Legal Trends Report introduces a new metric for monitoring your firm's cash flow. The post Lockup: A New Metric to Monitor Law Firm Cash Flow appeared first on Attorney at Work.
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Australia law firm files class action against Star Casino for securities violations
JURIST
NOVEMBER 7, 2022
Australian law firm Maurice Blackburn Lawyers filed a class action for shareholders of the Star Entertainment Group (Star Casino). The post Australia law firm files class action against Star Casino for securities violations appeared first on JURIST - News.
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Funding Growth: Are You Starving Your Law Firm?
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.
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Nexl, A No-Data-Entry CRM Platform for Law Firms, Raises $4M
LawSites
MARCH 13, 2023
Nexl , a no-data-entry CRM platform for lawyers, has raised $4 million in a financing round led by Australian-based B2B venture capital firm EVP with follow-on participation from The Legal Tech Fund , Vulpes and Saniel Ventures. Read more about Nexl in the LawNext Legal Technology directory.
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How Modern Law Firms Can Reduce Accounts Receivable
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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Law Firm Partner Silent But Deadly — See Also
Above The Law
FEBRUARY 7, 2022
The 'Oopsie' Defense : Congressman going all in with defense that he just kind of forgot about that campaign finance violation. Country Roads : Another West Virginia law school? The post Law Firm Partner Silent But Deadly — See Also appeared first on Above the Law.
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As law firm office space shrinks, natural light is in and ‘capacious’ corner offices are gone
ABA Journal
FEBRUARY 29, 2024
It covers the trends, people and finances of the legal profession from Wall Street to Main Street to Pennsylvania Avenue. The ABA Journal is read by half of the nation's 1 million lawyers every month.
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Managing Your Contingency Fee Law Firm: What They Didn’t Teach You In Law School [Sponsored]
Above The Law
NOVEMBER 2, 2021
Successful contingency fee law firms view their business functions holistically, heavily investing in their financing, accounting, marketing, IT, and case intake strategies. Without this focus, they risk being left behind by competitors post-pandemic.
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Law Practice Today Review: Finance
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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Should Your Law Firm Have a Director of Financial Wellness?
Attorney at Work
OCTOBER 11, 2023
The post Should Your Law Firm Have a Director of Financial Wellness? Renee Pastor | The burden of student loans, other financial obligations and lifestyle creep, can lead to significant stress among attorneys. appeared first on Attorney at Work.
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Understanding Law Firm Profits — And What to Do With Them
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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6 KPIs Any Law Firm Can Use to Measure Success
LawTechnologyToday
NOVEMBER 11, 2022
Why is it important to track law firm KPIs? Law firm KPIs should be measurable, specific, and targeted to the particular goals of your business to give you relevant data and information. How to choose which KPIs to measure and how to implement them in your firm. Landing page conversion rates. Financial KPIs.
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Tax Prep for Law Firms: Year-End Tips
Rocket Matter
NOVEMBER 21, 2023
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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Time Tracking Policies Every Law Firm Should Have
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. They should provide opportunities for training , including knowledge base resources and webinars.
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LeanLaw, Cloud-Based Legal Financial System for Law Firms, Raises $4M Series A Round
LawSites
MARCH 21, 2023
LeanLaw , a company that provides a financial operating system for small and mid-sized law firms, said today it has raised $4 million in a Series A financing round led by FINTOP Capital. “We look forward to partnering with LeanLaw to help law firms operate smarter and improve their financial performance.”
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The Development Of Legal Tech Startups And Their Impact On Traditional Law Firms
LawTechnologyToday
MARCH 28, 2023
It’s happening right now, and it’s changing the way you practice law. Legal tech startups are disrupting traditional law firms and offering new ways to improve the efficiency and effectiveness of their services. Benefits of Legal Technology Organizations These companies offer many benefits to law firms.
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Law Firm Management: 5 Ways to Run a More Efficient Law Firm
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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Opportunity in Crisis: Innovative Ways Law Firms Are Stepping Up Client Relationships
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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Author Spotlight: The Law Firm Client Service Interview Playbook
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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Which Technology Is the Best Fit for Your Law Firm?
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. Now, in 2022, law firms are facing a handful of new challenges, depending on how they initially responded to the shift to remote work. .
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Law Firm Financial Benchmarks for Maximizing Profit
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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Law Firm Accounting: The Ultimate Guide
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 Accounting: The Ultimate Guide
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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How to Start a Law Firm
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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How to Start a Law Firm
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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10 Tech Tools That Improve Law Firm Productivity and Profitability
LawTechnologyToday
NOVEMBER 25, 2022
Streamline law firm workflows . 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. . 6% of law firms captured more than 21 additional leads per month. .
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How to Get a Law Firm Website That’s Out of This World
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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Bailout: Are Accounts Receivable Sinking Your Profitability?
NCBA Law Practice Management Blog
MAY 5, 2024
Lots of small and solo law firms have staggering amounts of accounts receivable; and, even if those numbers are not sky high , for you – smaller amounts are still vexing. If your law firm finances are tangled up in blue , we can help to undo the mess. So, the more you collect : the more you make.
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6 Billing Tips Solo and Small Law Firms Can Steal from Larger Firms
Rocket Matter
AUGUST 8, 2023
One thing law firms of all sizes have in common? However, as a small or solo law firm with limited resources, the last thing you want to sink potential billable hours into is administrative tasks and paperwork. For your law firm, electronic billing also means faster payments. More flexibility!
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The Benefits of Boutique Law Firms
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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For Busy Law Firms, “Do It For You” Services Are a Smart Play
Rocket Matter
NOVEMBER 13, 2023
So, what's a busy law firm to do? Join us as we unlock the secrets to efficiency, free up your time for the important stuff (like actually practicing law), and introduce you to a web service that's so tailored for law firms it practically passed the bar exam. So, grab your favorite legal pad, and let's dive in.
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