ALPS

DECEMBER 28, 2021

All too often, patches are available and not deployed due to time, budget, personnel, or technical issues. If you calculate that average backlog by the number of vendors with access to your environment, the numbers get scary. This will help you understand the scope of work and the resources you will need.

Law Firm 102

Law Firm Law Firms Laws 102

Rocket Matter

SEPTEMBER 5, 2023

But if you aren’t tracking matter costs in enough detail, you just might. Even the soft costs of each legal matter need to be calculated to ensure your rates cover the cost of doing business (and then some). 2. You should never spend more to accept legal matters than you make completing them.

Project Management 98

Project Management Law Firm Law Firms Legal 98

Cenza

DECEMBER 1, 2021

While it is a straightforward calculation, the merits are vast. Time spent in deal closure: A contracting process involves several tasks and teams, starting with drafting, reviewing, negotiating, and signing off the deal. The time taken for the end-to-end process is as huge as the list of sub-processes encompassed.

Legal 95

Legal Legal Legal Technology Solution Contract 95

ALPS

JUNE 8, 2023

The Terminator (1984) Ok, so maybe we’re not at the point where we have to rely on a waitress at a short-order diner to save humanity from the clutches of a technology bent on human destruction, but advances in artificial intelligence (“AI”) are moving quickly enough to give even the bravest among us some cause for concern. -The

Lawyer 98

Lawyer Lawyers Law School Personal Injury 98

MyCase

JUNE 21, 2022

This KPI is a measure of how much time is spent on work that is billable to clients. You can calculate the utilization rate by dividing a lawyer’s billable hours by the total hours worked. This is another important KPI that measures an attorney’s recorded time compared to the fees that clients pay. Utilization rate.

Law Firm 52

Law Firm Law Firms Laws Real Estate 52

MyCase

JUNE 21, 2022

This KPI is a measure of how much time is spent on work that is billable to clients. You can calculate the utilization rate by dividing a lawyer’s billable hours by the total hours worked. This is another important KPI that measures an attorney’s recorded time compared to the fees that clients pay. Utilization rate.

Law Firm 52

Law Firm Law Firms Laws Real Estate 52

LawSites

NOVEMBER 15, 2023

‘Transformational Change’ All of these developments were previewed yesterday to members of the media during a briefing by TR executives in the company’s Times Square office in New York. But Dahn says beta users have so far not put off by this, because they appreciate how much time they save when they do receive the answer.

Legal Research 134

Legal Research Legal Assistant Legal Assistance Laws 134

InHouseOps

MAY 23, 2022

Yet, they don’t always feel empowered to advocate for the tools they need, even when having these tools will save time, reduce risk and even lower the company’s legal spend. Outsourcing worked for a long time. In short, legal professionals get it. Why Invest in In-House Technology? Why isn’t it scalable anymore?

eDiscovery 52

eDiscovery Technology Legal Legal 52

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. Compared to a far more even split back in 2021, the data signals a slow but steady reallocation of financial resources from outside counsel to in-house.

Legal 52

Legal Legal Legal Technology Solution Contract 52

MyCase

JULY 6, 2022

Key benchmarks uncover areas that either drain or enhance resources, decrease or increase productivity, and (most importantly) lose or gain profit. This, in turn, maximizes the productivity and profit of all resources. . This benchmark is calculated by dividing the total gross revenue from last year by the number of attorneys on staff.

Law Firm 52

Law Firm Law Firms Laws Attorney 52

InHouseOps

OCTOBER 24, 2022

Despite a growing awareness of the risks relating to cyberattacks, instead of investing in long-term tech infrastructure that can adequately support their future growth ambitions, the majority of law firm leaders often expect their already overstretched and under-resourced IT teams to simply handle it.

Law Firm 52

Law Firm Law Firms Laws Technology 52

MyCase

AUGUST 10, 2022

The overall profitability of a law firm is identified by calculating gross income. Accurate Time Tracking: Don’t Let Billable Hours Go to Waste. However, when lawyers need to manually record and estimate how much time they spent on a task, they are often inaccurate. . For an attorney, time is money.

Lawyer 52

Lawyer Lawyers Attorney Legal 52

The Process Street

JANUARY 29, 2021

According to Hubspot , investing time and money into your customer success team can boost customer retention rates, improve customer experience , increase customer loyalty, and provide a competitive advantage. Scale success : It’s time to recognize the product-market fit to scale success. Today, there are 6 of us.

Contract 122

Contract 122

The Process Street

APRIL 10, 2022

Time to get back to the grind.”. This saves time and money for the company due to fewer sick days being taken and a lower employee turnover rate. She has the time and mental energy to eat more healthily, exercise , and have a satisfying personal life. Instead of: “Darn, another weekend has gone.

Human Resources 98

Human Resources 98

The Process Street

APRIL 7, 2024

Let’s take a look at: Top 23 HR tools Benefits of using HR tools Human Resources Information Systems (HRIS) Key features of HR tools How to choose an HR tool Top 23 HR tools Process Street Process Street is a powerful workflow automation platform designed to streamline HR processes. That solution is software-as a-service (SaaS).

Human Resources 52

Human Resources Project Management Finance Technology 52

MyCase

MAY 10, 2022

What resources will fund my retirement? Visit the Social Security website or consult the Social Security Calculator on the AARP website to determine your timeline and payout. As your earning capacity grows, you should invest more of your salary into both savings and investment opportunities. How long will my money need to last?

Lawyer 52

Lawyer Lawyers Law Firm Law Firms 52

Customs & International Trade Law

OCTOBER 4, 2022

The customs value is essential to calculate the total duty to be paid on an imported good. This standardized system allows for CBP to protect revenue, ensure reasonable care from importers, and accurately calculate Census trade statistics. the best resource on valuation inquiries).

Manufacturing 52

Manufacturing Laws Immigration Government 52

The Process Street

MAY 19, 2021

Despite being responsible for managing human resources , the HR department is usually one of the most understaffed and overworked departments in many companies. Ultimately, HR automation saves you time and money — valuable resources you could better spend on other pressing HR tasks. Reduced time to hire.

Human Resources 77

Human Resources Data Management Technology Finance 77

Paralegal Bootcamp

DECEMBER 21, 2023

Build Your Paralegal Success Portfolio I recommend saving all the kudos emails and voicemails from clients or your attorney that you receive in one folder. Truth be told, I think it was an utter waste of time to make them do that. This is how you can explain to them how you calculated the time estimate. Cutting corners?

Paralegal 130

Paralegal Paralegals Litigation Litigating 130

MyCase

JANUARY 24, 2024

Ultimately, legal AI uses algorithms and machine learning to automate tasks that were historically time-consuming or labor-intensive. Save Time and Enhance Efficiency AI-powered tools can automate various tasks, such as legal research, contract drafting, and document review. So, can you, as a legal professional, use AI?

Document Review 52

Document Review Lawyer Lawyers Law Firm 52

Rocket Matter

MAY 30, 2023

It also has to consider production costs, equipment, office space, overhead, and other expenses. Firms use their profit to reinvest in the business, provide additional employee recognition, or save enough funds to keep their business afloat in the event of unforeseen costs or a bad quarter.

Law Firm 52

Law Firm Law Firms Paralegal Paralegals 52

Paralegal Bootcamp

JULY 16, 2023

Billable Hours Matter More Than You Think They Do I thought, since I talked about billable time entries last week, then it might be a good time to take a deeper dive into billable hours this week. Get applicable strategies for making more money, increasing your job security, and saving time today! Learn More How?

Paralegal 173

Paralegal Paralegals Law Firm Law Firms 173

Cenza

DECEMBER 23, 2021

World Commerce and Contracting calculated that poor contract management practices cost businesses an average of 9% of revenues each year. The advent of technology has elevated contract management software as a partner to leverage data, manage risk, and boost cost savings. Compliance. Standardize.

Contract 93

Contract Data Management Diligence Technology 93

The Process Street

APRIL 13, 2022

By the end, we want to share the exact process we used to: Drop our delivery time for content upload by 50% Increase our team productivity by 35% Improve client satisfaction by 20% Enlarge work capacity by 15%. You have to prioritize because you don’t have infinite budgets or resources. The first time is the easiest. I admit it.

Small Business 102

Small Business Metadata Freelance Drafting 102

The Process Street

MAY 23, 2023

It’s a complicated process that involves weighing up cost against value, effort against time, and for a lot of businesses, will likely involve many different stakeholders. Don’t record this value in the right-hand column just yet, because you still need to calculate the weights. This will facilitate consensus and help alleviate bias.

Project Management 52

Project Management Small Business Construction 52

The Process Street

AUGUST 2, 2021

Hence organizations can save huge sums traditionally spent on scaling sales, marketing, and service efforts. A better product : Consumer-grade products are designed requiring additional forethought, empathy, and resources. Metric #1: Calculating the cost of acquisition (CAC). Metric #2: Calculating time to value.

Calendaring 105

Calendaring 105

Rocket Matter

NOVEMBER 2, 2023

The benefits (and challenges) of online payment processors Using an online payment processor can bring huge benefits to law firms. Law firms are more likely to receive on-time payments from clients through online billing, and because credit card payments clear faster than paper checks, firms can also access their funds much earlier.

Law Firm 52

Law Firm Law Firms Legal Legal 52

The Process Street

APRIL 14, 2021

Earnings before interest, taxes, and amortization (EBITDA) : This is an accounting measure that calculates net earnings before interest, tax, depreciation, and amortization. I’ve provided the relevant Process Street resources for each step that’ll give a further indication and understanding of the work scope for each step.

Work From Home 111

Work From Home Manufacturing Construction Education 111

The Process Street

MAY 12, 2021

There’s an established length of time it should take to make a faultless pin. If “human resources” sounds like it came from a malevolent AI, “human capital” takes it three steps further. Calculating the specific ROI of employees, however, is mired in difficulties with zero solutions. Other times (read: always) they don’t.

Human Resources 105

Human Resources Education Manufacturing Healthcare 105

The Process Street

JUNE 30, 2022

As an illustration, he had the tasks followed in order every time. This way, we can operate our processes with the platform’s flexibility while also giving clients who need it the ability to save processes as PDFs for reference purposes in line with ISO-9000. Now it’s time to put in the hard graft.

Construction 105

Construction Manufacturing Small Business Drafting 105

ClimateChange-ClimateLaw

JULY 6, 2017

The Fourth Circuit also distinguished Section 321(a)’s mandate from other Clean Air Act provisions that offered “discrete directives accompanied by specific guidance on matters of content, procedure, and timing.” State Air Resources Board , No. Natural Resources Defense Council v. Murray Energy Corp. EPA Administrator , Nos.

Court 40

Court Litigation Litigating Attorney 40

The Process Street

FEBRUARY 7, 2022

The tech startup scene is one of the most popular trends that is happening in today’s time, with almost 63,700 startups being active in the US alone in 2021. The top two reasons – lack of funds and/or market need – have consistently remained at the top of the list since 2018 (thought alternating positions from time to time).

Calendaring 132

Calendaring Manufacturing Technology 132

The Process Street

JUNE 9, 2021

If you need additional time to find a solution, let the customer know you’ve received their request and are working on an answer. Today, by the end of the day, we will complete all the calculations and send them to you.” Links to any resources should be included as a list at the end of your message. You’ll look good.

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The Process Street

FEBRUARY 1, 2021

Human resource departments get a bad rap. 5 human resources best practices for better management. A central conflict between human resources and employees is a lack of trust , on both sides. Over time and bad experiences, resentments build up until even the best employees and HR managers can’t find common ground.

Human Resources 93

Human Resources Education Technology Legal 93

ClimateChange-ClimateLaw

FEBRUARY 18, 2022

FERC’s authority to approve interstate pipelines stems from the NGA which was passed in 1938–a time when gas was a limited resource to be conservatively rationed. While neither statement is final, their impending release still represents a major step for FERC, signaling a shift in its approach to approving new pipeline projects. .

Construction 103

Construction Contract Court Drafting 103

ClimateChange-ClimateLaw

JANUARY 13, 2021

Natural Resources Defense Council (NRDC), Sierra Club, Consumer Federation of America, and Massachusetts Union of Public Housing Tenants filed a petition for review in the Second Circuit Court of Appeals to challenge the U.S. Natural Resources Defense Council, Inc. Western Organization of Resource Councils v. County of Maui v.

Court 52

Court Government Technology Assisted Review Litigation 52

LawSites

DECEMBER 4, 2023

As you will see from the ballot, you may vote for your top-five favorites or five times for top favorite, or any other mix of five votes. The substantial amount of time lawyers spend drafting documents during litigation. Note: You will be able to cast your ballot just once, and on each ballot, you will be limited to five votes.

Document Review 129

Document Review Court Reporting Metadata Court Reporter 129