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What Happens When Partners Retire Without a Succession Plan?

CARET Legal

With the right systems in place, planning for leadership transitions becomes more manageableand more effective. In many law firms, the senior partners who built the business are now approaching retirement. Law firm succession planning is often overlooked until it becomes urgent. And by then, the challenges are compounded.

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Understanding Bankruptcy Software for Attorneys: How It Simplifies Complex Cases

CARET Legal

While there are some standalone solutions, most bankruptcy software today is legal practice management software (LPMS) with custom templates, forms, and fields designed to streamline bankruptcy case management and documentation. This end-to-end solution eliminates the need for multiple software tools, reducing costs and improving efficiency.

Attorney 110
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Eliminate Billing Delays and Improve Cash Flow for Insurance Defense Firms

CARET Legal

Lengthy Review & Approvals : Adjusters scrutinize legal bills line by line, which means invoices can sit in limbo before getting approved. Automated Time Tracking: Use legal billing software that captures billable hours as they happen , eliminating human error and forgotten entries.

Legal 80
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Data-Driven Decision Making Is The Key to Firm Growth

CARET Legal

The legal field is changing fast, and the firms that leverage data are positioning themselves for growth. Modern law practice management software (LPMS) solutions, like CARET Legal, offer advanced client relationship management (CRM) features. This precision helps boost revenue while also revealing how resources are allocated.

Law Firms 119
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Decoding the World of E-Billing in Legal Practices 

CARET Legal

LEDES, or the Legal Electronic Data Exchange Standard, is a leading format designed to standardize billing communications between law firms and corporations. Their extensive experience in electronic billing and legal software equips them with unique perspectives and insights into these systems. Let’s dive in and learn together.

Legal 115
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Adding Legal Consulting to Firm Services Is a No-Brainer

CARET Legal

By providing guidance on an ongoing basis, your firm can become a trusted partner to its clients, strengthening client loyalty. One avenue to explore is legal consulting, a dynamic and multifaceted field with untapped potential for law firms of all sizes. What is a Legal Consultant?

Legal 108
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How Law Firms Can Securely Streamline Information Collection

CARET Legal

Legal practice management systems offer a comprehensive solution to the challenges posed by traditional data collection methods. Information collection plays a pivotal role in the success of legal operations. From client onboarding to case management, the ability to efficiently gather, organize, and access critical data is paramount.

Law Firms 119