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The Good and the Bad of Solo Practice, Per Clio’s Latest Legal Trends Report for Solos

LawSites

As a solo myself, I can tell you that there is much to be said for practicing on your own – freedom and independence not least among them. But there are also disadvantages to practicing alone and challenges unique to solo lawyers, as this latest report documents. The good: Solos are well situated to prioritize work-life balance.

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Phone It In: How Do You Get Calls Answered?

NCBA Law Practice Management Blog

Law firms only answer 1 of 3 phones call they receive, on average. Couple that with the fact that 64% of law firm voicemails are not returned, and there isn’t much ‘ service ’ left in law firm ‘customer service’. That also allows you to mix-and-match solutions. The good news is that this is all fixable.

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Small Law Firms Face Numerous Challenges, But Maintain A Positive Outlook [Sponsored]

Above The Law

Explore the challenges solo and small-firm lawyers are facing and the solutions they are pursing to best prepare their practices for the future.

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Six Trust Accounting Challenges Faced by Solo and Small Firms

Rocket Matter

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. The solution Automating aspects of your trust accounting can help your firm limit the likelihood of manual error.

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IOLTA 101: Tips for Solo and Small Firm Lawyers

Attorney at Work

But IOLTA management can present a major challenge for lawyers, particularly those in solo practice or small firms. While large law firms have advantages of scale, including dedicated accounting and bookkeeping resources and robust technology solutions, solo attorneys often manage their own office finances.

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How Are Lawyers Using Technology? ABA TechReport 2021

The Legal Ease

Every year, the ABA and the Legal Technology Resource Center conduct a legal technology survey seeking information from law firms of all sizes about how they use technology for everything from cybersecurity to cloud computing services to marketing and more. Solo and Small Firm , by Reid F. Budgeting and Planning , by Julie Bays.

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This thing called AI: Will it help you or will it harm you?

The Estrin Report

Next, we chat with Tara Eberhart, Paralegal Manager of an AmLaw firm who can straighten us out as to whether the paralegal position is about to be wiped out. Furthermore, AI-driven solutions have the potential to create entirely new industries and markets, spurring economic growth and the creation of new jobs. By Chere B.