Rocket Matter

JULY 11, 2023

Just like all professional expects to be paid correctly and in full for their services, lawyers should be paid for their billable time. But if that’s the case, then why are so many lawyers undercharging their clients and losing billable time? Why do lawyers lose billable time ALL the time? They do, and they always have.

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Rocket Matter

DECEMBER 19, 2023

Take a data-driven approach by first considering the following: Local new lawyer value: First, determine your base-level value. You can do this by starting at the billable hour of any new lawyer in your area. Get free guide How to Master Your Law Firm’s Time and Billing Lawyers have a heavy workload.

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Rocket Matter

AUGUST 1, 2023

Proper legal trust accounting is critical to success in this industry, but it’s tricky for many law firms, especially those with limited time and staffing resources. Unfortunately, compiling the necessary documents and reports can be a daunting task for solo practitioners and small law firms.

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Rocket Matter

NOVEMBER 18, 2022

Law firms have historically been reluctant to adopt new technology. . Consider the following data: A 2020 ABA survey states that just 58% of firms store their data in the cloud, and only 7% of survey respondents used tools that deploy artificial intelligence (AI), despite AI’s popularity in other industries such as finance. .

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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. Why was this the case, and is this likely to continue?

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LawSites

FEBRUARY 7, 2023

With the launch today of its second-generation platform, London-based Legatics is expanding the capabilities it offers customers from its core of legal transaction management into broader legal project management. Law firm clients have been instrumental in driving firms to adopt Legatics, Seale said.

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Rocket Matter

DECEMBER 5, 2023

If you’re looking to save time and be more productive as a lawyer, look no further than developing stronger time management. The problems stem from a lawyer’s time-tracking habits—from Post-it notes to Excel, from an online or physical calendar, it can be very manual. Recording in the moment simply saves time in the end.

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Rocket Matter

JUNE 27, 2023

More useful posts: 9 Reasons Why Legal CRM Takes Your Law Firm To The Next Level Top 8 Technologies to Help You Run a Paperless Law Office Why is Online Legal Payment Processing a Must for Your Law Firm Ultimate Guide to Law Firm Business Intelligence Are you sure about running a law firm without regularly analyzing performance data?

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Rocket Matter

APRIL 4, 2023

What is “lean” law methodology? Lean management is about finding ways to make redundant processes more efficient , so you can build a more productive team. At its core, a lean legal firm is one that maximizes value and minimizes waste. The transformation into a lean law firm doesn’t happen overnight.

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Rocket Matter

MAY 16, 2023

It’s ideal for law firms and their clients when itemizations on invoices are clear, transparent, and accurate. Undercharging leads to lost profits for the firm. Charging the same rates for different tasks While every team member is essential to case matter management, not all tasks are charged at the same hourly rate.

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LawTechnologyToday

JULY 26, 2021

Lawyers are typically engaged to develop the substantive elements of the CLM (e.g., Conversely, lawyers, who likely do not know the technology or infrastructure requirements, often identify something as being optimal which is not suitable from an IT or budget perspective. Improve stakeholder alignment to improve user experience.

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Cenza

NOVEMBER 20, 2023

With this strategic acquisition, the company gains immediate access to a mature India operation, enhancing its best-in-class secure managed document review and cyber incident response solutions. This is an exciting new chapter for both Cenza and KLDiscovery,” said Aditya Mirza, CEO of Cenza.

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Rocket Matter

MARCH 21, 2023

Improve your time management strategy with these 5 tips To improve your time management strategy—and prioritize your tasks correctly—you need to see the big picture for your law firm: upcoming projects, client needs, law firm goals, and more. Move forward with Rocket Matter.

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Rocket Matter

AUGUST 22, 2023

Whether you're just hanging a shingle for the first time or have managed a small or solo law firm for decades, you want to ensure you have the right software tools for the job. With this in mind, some solo and small law firms hesitate to invest in timekeeping and billing tools and processes.

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Rocket Matter

JANUARY 9, 2024

Use a time tracker to capture all your billable hours There are lots of reasons why time tracking is vital to your law firm: accurate billing, resource allocation, compliance with ethics guidelines, and increased revenue. But these (excellent) reasons aren’t the only reasons to time track.

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Rocket Matter

JULY 18, 2023

But if you own a solo law firm, the reality is you do have to do it all, and you’re often doing it alone. And for most solo practitioners, that’s the whole point. Lawyers who go out on their own usually do so because they want the buck to stop with them. Those are very appealing messages. Embracing mobile paperless tools 5.

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Rocket Matter

MAY 23, 2023

For law firms, manual administrative tasks are a big blow for billable hours and potential profit. Manual admin tasks don’t just cut directly into billable hours. When these workflows compound over time, it can save law firms significant time and energy on the hundreds of small tasks that pop up every month.

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LegalTalkNetwork

MARCH 4, 2020

We also learned some new things about “ deepfakes ” and how that could affect legal practice, why litigation finance is about to get really interesting, how ODR is closing one part of the A2J gap, and why virtual reality may become a real staple in courts very soon. Stay tuned to hear about potential growth in litigation finance.

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LegalTalkNetwork

NOVEMBER 5, 2019

Their backstay of tuned-up educational programming was designed to help practitioners run leaner more profitable law firms. This year’s conference featured five tracks to choose from (Legal Technology, Business of Law, Industry Workshops, Clio University, and Clio University Workshops). Clio shared some really big news.

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LegalTalkNetwork

AUGUST 28, 2017

Current President Hilarie Bass, who just took the reigns, talked with us about her upcoming projects, managing stress, and the required support from her firm and clients which allow her to perform her duties as the new ABA president. By all accounts heard, the sessions were packed to the brim.

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LawSites

DECEMBER 4, 2023

The substantial amount of time lawyers spend drafting documents during litigation. It also improves access to justice for society as lawyers can handle more cases, as well as remove some bias from the legal system through fact-first drafting. Another example is our Directory of Alternative Fee Providing Law Firms.

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