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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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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Rocket Matter

JANUARY 23, 2024

Accessible! For many clients, hiring a lawyer is a major expense. This means using natural language rather than overusing legal jargon. It’s easy to accomplish that with the help of the right tech. The fact is that even the best-run law firms need to adjust their processes occasionally. Are invoices clear?

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MyCase

AUGUST 8, 2022

SaaS for Lawyers. 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.

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MyCase

AUGUST 8, 2022

SaaS for Lawyers. 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.

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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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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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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.

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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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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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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. In this article, we will go over what a lawyer payment plan looks like, its potential benefits, and what you should consider when creating one.

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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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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

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. Following my report, QuickLegal quickly shut down.

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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.  . The following information will help you choose and implement the lawyer payment methods your clients prefer. .

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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. Fortunately, there are ways to plan and simplify your firm’s pay structure to maximize profit. How do lawyers get paid? Types of Attorney Fees. Fixed Fees.

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Cenza

JANUARY 27, 2021

That said, some areas of law are more affected by this shift than others. In this article, we unpack how AI, when combined with lawyers in the loop, is altering the foundations of legal practice and delivery while addressing the looming challenges that firms encounter while implementing this technology.

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LawTechnologyToday

APRIL 25, 2023

From increasing efficiency in proceedings to improving access to justice, these advancements have the potential to revolutionize the legal system as we know it. Many marginalized communities lack access to legal information and services due to financial constraints or geographic barriers.

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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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MyCase

AUGUST 10, 2022

The legal profession is commonly considered a profitable one. 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.

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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. Several factors go into tallying up a number. Take a data-driven approach by first considering the following: Local new lawyer value: First, determine your base-level value.

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MyCase

JULY 27, 2021

Last month I shared some of the key results about from a recent survey of the legal profession, the 2021 Wolters Kluwer Future Ready Lawyer Survey: Moving Beyond the Pandemic. from a broad range of law firms and legal departments. Client satisfaction.

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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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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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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. Start accepting payments online!

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LawSites

JULY 19, 2023

I say “fortunately” because, as I wrote when last year’s list was announced, the Fastcase 50 is probably the best-available roster of those who are leading the charge on innovation in law. This year’s list of honorees reflects a year of transformation for legal services. Chris Dralla , Founder and CEO, TypeLaw.

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Cenza

NOVEMBER 18, 2021

The evolution of legal tech was seeded when LexisNexis introduced the red “UBIQ” terminal in 1976 to help lawyers simplify the task of searching case law. 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.

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Attorney at Work

AUGUST 7, 2022

Some lawyers always seem fearful of increasing legal fees — recession or no recession, crisis or no crisis. The Two Biggest Reasons Lawyers Are Afraid to Raise Legal Fees. Stop thinking you’re smarter than the finance folks at Netflix when it comes to setting rates. Debbie has never hired a lawyer ….

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SimplyLawJobs

NOVEMBER 30, 2021

Some people do start as legal secretaries, work their way up to being paralegals and go on to qualify as lawyers. Becoming a paralegal is certainly easier than becoming a lawyer. Lawyers can perform “reserved legal activities” whereas paralegals cannot. The most obvious example of this is becoming a lawyer.

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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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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

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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LawSites

JULY 28, 2021

Earlier in 2021, Apperio released a report on the findings from our survey of 160 in-house lawyers in private equity: Responsibility without control? Legal spend challenges facing private equity leaders in 2021. Think about it: How do clients typically get status updates from their law firms?

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InHouseOps

OCTOBER 14, 2021

Ken Crutchfield, vice president and general manager of Wolters Kluwer Legal & Regulatory U.S., discusses the results of the organization’s 2021 Future Ready Lawyer survey, including how new technology and processes are moving the legal field forward. Please expand on this. Let’s talk about technology investment.

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MyCase

JULY 14, 2022

This article provides a practical billable hours chart setup your firm can implement today, with additional tips for effectively monitoring and recording billable hours. . All the time spent on case work (requiring legal skill and judgment) qualifies as billable time. What are Considered Billable Hours? . Calculating Hours.

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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. Its lawyers will not appear in court. The firm will officially open its doors on June 1.

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Cenza

NOVEMBER 20, 2023

(“KLD”), a leading global provider of electronic discovery, information governance, and data recovery services, today announced the closing of their previously announced acquisition of the business of Cenza Technologies Private Limited (“Cenza”), an India-based alternative legal services provider (“ALSP”).

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