Rocket Matter

OCTOBER 3, 2023

It’s any activity that’s part of what an attorney, or a paralegal, needs to do to complete the work you have been contracted to perform for a client. of the ABA states lawyers are not allowed to charge or collect an unreasonable fee or an unreasonable amount for expenses. What is a billable hour (and what isn’t)?

Lawyer 97

Lawyer Lawyers Law Firm Law Firms 97

Attorney at Work

OCTOBER 29, 2021

But danger lurks behind certain technology, or the way lawyers and staff might use it. What are some scary things WFH has revealed about lawyers’ tech habits? Anne worked as a patent paralegal at a Chicago IP firm before arriving at the CBA in 2017 as the Law Practice Management and Technology department’s trainer/coordinator.

Lawyer 119

Lawyer Lawyers Work From Home Legal 119

SimplyLawJobs

NOVEMBER 30, 2021

I have wanted to become a lawyer for as long as I can remember and that’s why after finishing school, I decided to go to college to study law, business, and finance. The legal industry I have wanted to become a lawyer for as long as I can remember. 5 misconceptions about being a paralegal. The legal industry.

Law Firm 74

Law Firm Law Firms Paralegal Paralegals 74

LawSites

APRIL 1, 2022

I first wrote about Athennian in 2020, when it stepped out of its stealth development mode to announce an $8 million CAD Series A investment, on top of a previously unannounced $2 million CAD seed financing round in 2019. . Read about Nexl in the LawNext Legal Tech Directory. Fishman founded Jade in Atlanta in 2020. Justpoint Raises $6.9M.

Legal 98

Legal Legal Law Firm Law Firms 98

LawSites

AUGUST 3, 2023

Readers may remember the controversy that erupted then over the company DoNotPay , which billed itself as the world’s first robot lawyer, and its founder Joshua Browder. First, it is no secret that the issue of regulatory reform remains controversial among lawyers generally and most certainly within the ABA.

Legal Services 95

Legal Services Lawyer Lawyers Finance 95

Rocket Matter

JANUARY 30, 2024

Resistance to process change is real, especially among lawyers, who are masters at being analytical skeptics. Yet the hurdles and objections voiced by lawyers are real concerns, even when it comes to proven tactics for increasing efficiency and profitability like time-tracking. Or in the courthouse?

Law Firm 52

Law Firm Law Firms Legal Legal 52

SimplyLawJobs

NOVEMBER 1, 2021

In this article our partners The Student Lawyer interview Hafsah Nawaz, a future trainee solicitor at Allen & Overy. A lot of people pick to study Law at university because they want to be a lawyer of some sort later down the line. How to become a paralegal if you have a law degree. Can you briefly introduce. Maybe you have.

Paralegal 79

Paralegal Paralegals Law Firm Law Firms 79

LawSites

FEBRUARY 16, 2023

A survey out today of lawyers, paralegals and administrative support professionals at midsized law firms finds that nearly three-quarters report feeling stress, burnout, or being overwhelmed in the past year, and that understaffing is a leading cause, with 92% saying their firms have been impacted by staffing or resources shortages.

Law Firm 96

Law Firm Law Firms Technology Legal Technology Solution 96

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?

Law Firm 65

Law Firm Law Firms Lawyer Lawyers 65

Rocket Matter

SEPTEMBER 12, 2023

If you had a dollar for every time a lawyer wanted more time in the day…well, you’d probably have enough to retire. The longer you wait, the less accurately you remember details. Lawyers who wait until the end of the day to track their time can lose more than 10% of billable hours. Get free guide See More

Law Firm 86

Law Firm Law Firms Legal Legal 86

Rocket Matter

MAY 16, 2023

Watch out for these five common time and billing mistakes Lawyers often focus so much on billable hours that the non-billable administrative tasks may fall by the wayside. So let’s avoid all that mess, and take a look at how NOT to bill time for clients. Your clients and your accounting team will thank you!

Law Firm 52

Law Firm Law Firms Lawyer Lawyers 52

Attorney at Work

DECEMBER 3, 2021

For many lawyers, financial management is the business area of practicing law that provides the most heartburn. Too many lawyers delegate responsibility to employees who have not been properly trained. Review attorney and paralegal billing rates to determine whether an adjustment is necessary. It’s completely understandable.

Laws 91

Laws Law Firm Law Firms Paralegal 91

MyCase

OCTOBER 20, 2022

These elements include client communications, firm finances, staff workloads, team relationships, and other strategic business practices. . Lawyers often rely on DropBox, Google Drive, OneDrive, or a case management solution. . states the necessity of lawyers providing “reasonable” and “timely” client communication.

Office Management 52

Office Management Law Office Laws Law Firm 52

Rocket Matter

MAY 30, 2023

Lawyers have to think beyond the billable hours they put into specific client matters. Lawyers who wait until the end of the day to track time can lose 10% of their billable time through inaccurate tracking. It’s also critical to understand how much time it takes for paralegals and administrative staff to complete their casework.

Law Firm 52

Law Firm Law Firms Paralegal Paralegals 52

Rocket Matter

MAY 2, 2023

Because their jobs often come with steep consequences for missteps, lawyers are almost never the first to jump on any bandwagon. Ask your receptionists, paralegals, IT group, HR team, and accounting department as well as your associates, partners, and clients where they think your organization excels. And more important resources!

Legal 52

Legal Legal Law Firm Law Firms 52

LexBlog

JUNE 5, 2011

The task of a real estate lawyer is not an easy feat. Analyzing mortgage and financing commitments. Aside from these concerns, another problem that real estate lawyers have to face today, is simply remaining in business. Traditional real estate lawyers will most likely have a big white board inside their office.

Real Estate 40

Real Estate Case Management Lawyer Lawyers 40

LexBlog

JUNE 5, 2011

The task of a real estate lawyer is not an easy feat. Analyzing mortgage and financing commitments. Aside from these concerns, another problem that real estate lawyers have to face today, is simply remaining in business. Traditional real estate lawyers will most likely have a big white board inside their office.

Real Estate 40

Real Estate Case Management Lawyer Lawyers 40

MyCase

DECEMBER 15, 2022

When picturing a successful lawyer, you might imagine a Big Law attorney—pricey suits, expensive cars, leather suitcase in hand, taking the most high-profile cases with a big team. Additionally, in Big Law, lawyers may have deeper pockets financially and access to a larger network of clients and legal professionals. .

Law Firm 52

Law Firm Law Firms Laws Calendaring 52

MyCase

AUGUST 22, 2022

When imagining a successful lawyer, most of us picture the often glamorized biglaw lawyer. A boutique law firm’s case management process provides a different experience for lawyers and clients. . Boutique law firms have fewer staff members and lawyers. But there are several ways to practice law. Legal Services .

Law Firm 52

Law Firm Law Firms Laws Lawyer 52

Rocket Matter

NOVEMBER 14, 2023

Part of your job as a leader of a law firm is to make attorneys’ jobs as frictionless as possible. If lawyers are jotting down their hours on sticky notes, it’s taking up time and energy—as opposed to starting the clock on their time-tracking software with a click.

Attorney 52

Attorney Law Firm Law Firms Lawyer 52

MyCase

JULY 29, 2022

For example, if you are a personal injury lawyer, your firm’s operating account is something your firm owns (the account itself) and receives economic benefit from (cash). This is known as Interest on Lawyers Trust Accounts (IOLTA) and listed as a segregated liability. . Compensation. Compensation is a more specific liability ledger.

Law Firm 52

Law Firm Law Firms Laws Personal Injury Lawyer 52

Rocket Matter

OCTOBER 31, 2023

Some firms have a billable rate for key support staff, such as paralegals. Download free guide Related Resources How to Increase Your Profits with Rocket Matter Lawyers in firms of all sizes struggle to finish the work for the day in a reasonable amount of time. Get free guide See More

Law Firm 52

Law Firm Law Firms Laws Legal 52

Rocket Matter

JULY 18, 2023

Lawyers who go out on their own usually do so because they want the buck to stop with them. Instead of spending hours at the end of each month gathering receipts, sticky notes, index cards, emails, and phone logs, solo lawyers who use a practice management solution with time-tracking capabilities can create and deliver invoices in minutes.

Legal 52

Legal Legal Law Firm Law Firms 52

LawTechnologyToday

JANUARY 11, 2021

Part of this quantitative approach is proactively proposing business process improvements, including the use of legal technology to align and integrate with core business processes, ensuring closer collaboration with other key departments such as finance. Untangle Complex Management Systems for Better Data.

Legal 73

Legal Legal Legal Technology Solution Technology 73

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. Last month I focused on statistics relating to how lawyers planned to invest technology spend moving forward.

Technology 98

Technology Law Firm Law Firms Contract 98

Cenza

MAY 20, 2020

In my next job in finance, I was still antsy to advance my career. But HP wanted a strong finance background to help manage outside counsel spend. That does not mean throwing more lawyers at problems. After b-school, I interned at Merrill Lynch and got a job at a small investment firm in the Bay Area. It just won’t work.

Legal 73

Legal Legal Contract Finance 73

SimplyLawJobs

JUNE 10, 2021

I found myself being progressively more interested in finance and banking as I progressed through university, culminating in an internship in a bank. Following this, I secured a paralegal job in the firm’s Derivatives team in the London office during which I was able to self-fund my LPC. Surviving and thriving: tips for young lawyers.

Legal Technology Solution 94

Legal Technology Solution Technology Legal Legal 94

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. What problem do you solve? Anything else? Demo video: [link] Founded: 2/1/2018, Washington DC.

Document Review 130

Document Review Court Reporting Metadata Court Reporter 130

MyCase

AUGUST 26, 2022

Top KPIs that lawyers should track . Similar to how a doctor might use blood pressure readings to assess a patient’s health, lawyers can use KPIs to assess the health of their firm—and then act accordingly. Instead, simply leverage MyCase legal analytics software for a window into your law firm’s finances, cases, and workflows.

Laws 52

Laws Law Firm Law Firms Legal 52

Rocket Matter

NOVEMBER 18, 2022

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. . This reluctance poses a productivity and profitability risk for law firms.

Legal 52

Legal Legal Law Firm Law Firms 52

InHouseOps

APRIL 16, 2021

Those agreements would have to be poured over by a human lawyer, and it would take hours just to find the appropriate language that’s necessary for the repapering process. There are a lot of analytics in there about things like how law firms staff their projects – what’s their utilization of associates versus partners versus paralegals?

Laws 52

Laws Technology Contract Law Firm 52

Lawfecta

DECEMBER 22, 2018

Da Vinci’s virtual office offerings are like no other, and they have already helped multiple lawyers who want to optimize their practice and ditch physical office space. In addition, Wave offers accounting coaching and bookkeeping services to help manage your finances. Davinci also has built a team of legal virtual receptionists.

Law Firm 40

Law Firm Law Firms Small Business Laws 40