LawSites

JUNE 8, 2021

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.

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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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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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LawTechnologyToday

DECEMBER 20, 2022

Modern consumers demand convenience, security, and flexibility when paying for their goods and services, and like it or not; legal clients are no different. If your firm fails to provide the payment options that modern clients want, you risk falling short of client expectations. What are reasonable legal costs? .

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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

APRIL 25, 2023

As we move into a new decade, the legal industry is undergoing a transformative shift with the rise of technology specifically designed for this field. With an array of tools, applications, and software available, this innovative technology is enhancing and streamlining legal operations in ways that were once impossible.

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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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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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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 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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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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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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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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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. This invention set the stage for a technology revolution in the legal space. Legal AI in the early years.

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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. Learn more about Nextpoint at the LawNext Legal Technology Directory.

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InHouseOps

JULY 18, 2022

Nathan Cemenska: I’m Director of Legal Operations and Industry Insights at Wolters Kluwer ELM Solutions, a legal software company. My role mainly has to do with e-billing, although I’m also somewhat involved with a contract lifecycle management product, a legal hold product and various other products.

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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., About Rocket Matter Rocket Matter helps law firms offer better client service and increase revenues by more than 20%.

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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. .

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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. Someone has already vouched for the quality of your services.

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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

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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LawVu

JANUARY 30, 2024

With cost control a top priority for in-house legal teams in 2024, there’s never been a better time to start taking control of your balance sheet. Read on to learn the basics of legal spend management – and the benefits to your business of getting it right. Legal spend is front of mind for many in-house 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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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

DECEMBER 19, 2023

Running a legal practice is definitely one of those things. Download free guide Four key indicators that it’s time for your firm to raise its rates If any of the following indicators describe your firm’s current financial situation, you may need to adjust your rates. appearing in front of your state’s supreme court).

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LawSites

JULY 19, 2023

Over the years, the list has included a diverse selection of lawyers, legal technologists, policymakers, judges, law librarians, bar association executives, and people from all walks of life who are innovating in the legal profession. (I This year’s list of honorees reflects a year of transformation for legal services.

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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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Paralegal Bootcamp

MAY 6, 2022

According to the US Bureau of Labor Statistics, employment of paralegals and legal assistants is projected to grow 12 percent from 2020 to 2030, faster than the average for all occupations. Paralegals and legal assistants held about 345,600 jobs in 2020. Finance and Insurance 3%. Oftentimes, public service is overlooked.

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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. Surcharging is the process of passing along credit card processing fees from your legal practice to your clients. This fee is charged at the time of payment.

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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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LawSites

JULY 28, 2021

Legal spend challenges facing private equity leaders in 2021. Following the positive press reaction to this report, I was consistently asked whether the findings were also relevant to in-house legal teams outside of PE. The struggle for real-time legal spend data is real. Surprise invoices come at the end of the matter.

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Cenza

JANUARY 27, 2021

Artificial intelligence (AI) technology is transforming the practice of law and many in the legal profession are leveraging this disruptive tech to reduce time and costs while increasing accuracy. That said, some areas of law are more affected by this shift than others. Top 3 challenges of implementing AI in legal firms.

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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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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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