Rocket Matter

JANUARY 23, 2024

The fact is that even the best-run law firms need to adjust their processes occasionally. And the most effective way to do that is to get feedback from clients. Your clients may be used to inquiries about legal services, but consider asking them about your billing and invoicing processes. Are invoices clear?

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MyCase

JULY 29, 2022

Managing an organized law firm chart of accounts is crucial for maintaining your business’s overall financial health and meeting strict legal ethics requirements. This begins by creating a comprehensive list of all your firm’s cash inflow and outflow items. . What is a Law Firm Chart of Accounts?

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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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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. The benefits of such software are numerous. Let’s talk about document automation.

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LawSites

JUNE 24, 2022

For the last seven years, Mighty has been a legal technology company operating a portal that helps personal injury law firms interface more seamlessly with the lienholders, such as medical providers, who have claims against their clients’ recoveries. Tackling PI Law’s ‘Incentive Problem’. Faustian Bargain.

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Attorney at Work

NOVEMBER 12, 2021

ClientCredit is the first BNPL solution for legal clients on the market and is exclusively available through LawPay. With ClientCredit, your clients have the ability to pay for legal services in installments while your firm still receives 100% of the invoiced amount upfront. How Your Firm Benefits from ClientCredit.

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LawSites

JULY 25, 2023

Nextpoint recently became the first e-discovery company to launch a law firm , launching Nextpoint Law Group in Arizona under that state’s liberalized practice rules that allow non-lawyers to own law practices.

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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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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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LawSites

MAY 3, 2022

Paladin , a legal technology company whose platform enables law firms and legal services organizations to manage their pro bono programs and opportunities, has raised $8 million in Series A funding, which it plans to use to further develop its product and expand its market internationally. . and Canada.

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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.

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LawTechnologyToday

DECEMBER 20, 2022

Poor client experience can snowball into a whole host of problems for your firm, including poor client retention, little to no client referrals, and ultimately hurting your law firm’s profitability.  . As we established above, accepting credit card payments for legal services evokes several ethical rules.

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MyCase

AUGUST 18, 2023

Enter legal matter management, a strategic approach that empowers law firms to stay on top of their never-ending workload—all from one centralized location. What Is Legal Matter Management? Legal matter management is the comprehensive process of handling all aspects related to a legal matter within a law firm.

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MyCase

JULY 27, 2021

This annual survey provides data, analysis, and insight on legal trends, with the 2021 Report including data obtained from 700 legal professionals across nine European countries and the U.S. from a broad range of law firms and legal departments.

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LawSites

OCTOBER 14, 2022

On the heels of raising an $8 million Series A financing round in May, Paladin , a legal technology company whose platform enables law firms and legal services organizations to manage their pro bono programs and opportunities, has named two legal industry veterans to its board to help it usher in a new phase of growth. .

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LawSites

APRIL 11, 2024

Let’s revisit five of the most momentous legal tech fails of the last 10 years. It launched in 2017 to great fanfare, promising to “revolutionize legal services” through its dual-entity model of both a law firm and a technology company. In 2016, legal tech entrepreneur Derek Bluford was riding high.

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MyCase

AUGUST 8, 2022

If you’ve ever used tools like Google Workspace, Microsoft 365, or MyCase legal practice management software, you’re familiar with SaaS—software as a service. SaaS is modernizing the legal industry in two ways: by making law firms more efficient and creating career opportunities for lawyers worldwide. Scalability

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MyCase

AUGUST 8, 2022

If you’ve ever used tools like Google Workspace, Microsoft 365, or MyCase legal practice management software, you’re familiar with SaaS—software as a service. SaaS is modernizing the legal industry in two ways: by making law firms more efficient and creating career opportunities for lawyers worldwide. Scalability

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Rocket Matter

OCTOBER 3, 2023

Why the billable hour matters Reports state that many attorneys bill between 1,700 and 2,300 hours per year , so not tracking all your time accurately can lead to tens of thousands in lost revenue. Second, law firms track the billable hours of each attorney.

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LawTechnologyToday

APRIL 25, 2023

In this article, we will explore the role of legal technology in reducing bias and increasing fairness in the legal system and how lawyers, office administrators, and finance executives at law firms can integrate these tools into their daily practices. Another example is the use of chatbots in legal services.

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Rocket Matter

MAY 10, 2023

Rocket Matter with ChatGPT integration allows users to access ChatGPT for content generation, legal document review and more, right within the Rocket Matter platform BOCA RATON, Fla., Advances in AI, with the ability to digest large amounts of information and create compelling text, offer massive efficiency boosts for legal services.

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Rocket Matter

DECEMBER 19, 2023

a business credit card) for your firm, and you constantly have to dig into it to cover basic expenses, this is a problem. for each additional year of experience. Likewise, you should charge a premium for a unique legal service not commonly available in your region. Get free guide See More

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Rocket Matter

JANUARY 16, 2024

Offering credit card payments helps your law firm get paid faster and increases client convenience. But that convenience can come with a price tag. On your quest for the right payment processor, look for features that streamline and support the way law firms operate. As an example, look at New York.

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InHouseOps

JULY 18, 2022

I also worked for Stephanie Corey, one of the CLOC co-founders, for a couple years, doing legal technology procurement, where I demoed over 100 pieces of legal technology. Before that I was a practicing attorney—I still have a valid law license, but no longer practice—and I also have an MBA.

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LawSites

JULY 28, 2021

Priori Legal , a marketplace for in-house legal teams to find and hire outside counsel, is expanding to also serve as a marketplace for legal technology and alternative legal services providers. Factor , the alternative legal services provider that describes itself as delivering complex legal work at scale.

Legal Technology Solution 101

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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.

Lawyer 52

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MyCase

AUGUST 5, 2022

When law firms provide payment plan options, it can make legal assistance more affordable, expand the firm’s client base, and even help lawyers get paid. Law firms can accept different types of payment plans. It all depends on the firm. . Benefits of Offering Payment Plans in Your Law Firm .

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Cenza

NOVEMBER 18, 2021

The legal industry is no exception to this prevailing trend, with law firms worldwide embracing Artificial Intelligence to add efficiency and gain a competitive advantage. Early works on AI in legal services can be traced back to 1956 when professor Layman E. Onboarding the right legal AI. About Cenza.

Legal Technology Solution 98

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Rocket Matter

SEPTEMBER 19, 2023

For busy law firms, the ability to manage matters efficiently can mean the difference between a thriving practice and a stagnant one. What is matter management for law firms? Matter management is the process by which law firms oversee their cases.

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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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LawSites

JULY 19, 2023

“This has been an amazing year of change for legal tech, including at vLex and Fastcase,” said Ed Walters, Fastcase co-founder and the Chief Strategy Officer of vLex. This year’s list of honorees reflects a year of transformation for legal services. Bill Girdner , Editor, Courthouse News Service.

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Paralegal Bootcamp

MAY 6, 2022

Paralegals and legal assistants held about 345,600 jobs in 2020. The largest employers of employees and legal assistants were as follows: Legal Services 73%. Finance and Insurance 3%. Obtaining a legal certification or a degree as a paralegal offers an opportunity to seek a variety of career opportunities.

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LawSites

FEBRUARY 9, 2023

Bessemer Venture Partners , a VC firm that has already made substantial investments in legal technology companies such as Clio, DISCO and Anaqua, has acquired a majority stake in Litify , a law practice management platform founded in 2016 by a team of people who came out of Morgan & Morgan, the largest plaintiffs’ law firm in the United States.

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Rocket Matter

JANUARY 17, 2023

You have the funds and mental energy to provide excellent legal services to your clients, while also investing resources in your operations, staff, and future. . The day-to-day operations of your law firm can be disrupted, including your quality of service. . The importance of timely payments for law firms .

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LawSites

JULY 28, 2021

Corporate counsel might not have the same concept of a ‘deal team’, but they do have the critical relationship between legal and finance. Think about it: How do clients typically get status updates from their law firms? 81% are considering working with alternative legal service providers (ALSPs) in the future.

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Finance Legal Legal Law Firm 54

InHouseOps

OCTOBER 14, 2021

Regarding client-firm relationships, in Wolters Kluwer’s Future Ready Lawyer survey it was noted that law firms fell short in terms of certain client expectations about their capabilities and services. The gaps the survey pointed to suggest that maybe firms don’t know their clients as well as they should.

Technology 52

Technology Law Firm Law Firms Project Management 52

Cenza

JANUARY 27, 2021

Today, more than 80% of senior lawyers consider AI and machine learning critical to the future success of their firms. However, this interest doesn’t translate into actual deployment, with 54% of all law firms indicating that they are not presently pursuing AI options for their legal practice. 1. Document Review.

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