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Legal analytics provides actionable insights that help optimize workflows, enhance client relationships, and boost overall firm performance. The ability to harness data analytics is rapidly becoming a key differentiator for lawfirms. Consistently tracking this metric allows firms to streamline case workflows.
I attended a fascinating presentation at this years CLOC Global Institute which focused on the results from the most recent CLOC in-house survey, which for the first time was conducted in collaboration with Harbor , a provider of legal services supporting lawfirms and corporate legal departments.
When paralegals are looking at alternative paralegal careers outside the popular litigation paralegal field, contract management does not usually come to mind. However, there seems to be an increase in paralegal job opportunities in the field of contract management. But what exactly is contract management? Retrieved 2008-07-10].
The post How to Grow Your LawFirm: 10 Strategies for Sustainable Success appeared first on Rocket Matter. Get free e-book If youve been proactively working to grow your lawfirm , you know firsthand that the road to business success is fraught with challenges. The question is, whats the best way to grow your lawfirm ?
Write the First Draft of a 300-Word Blog Post, Article or Alert (60 Minutes) Take a common issue and write about it. Repurpose a slide deck, conference presentation or webinar into a blog post. Clean Up 20 Contact Records That You Share to Your Firm CRM (15 Minutes) 7. Review Your Firm Bio (30 Minutes) 9.
While your time in law school gave you a strong legal foundation, chances are you didnt learn much about the numerous lawyer tools that can simplify your job. For instance, marketing may not seem essential when youre pontificating about substantive issues in law school. Technology for lawyers has several benefits.
In this blog post, we will explore key considerations and actions that lawfirms and legal professionals should take to pave the way for a successful and prosperous New Year. Define both short-term and long-term objectives, keeping in mind the specific needs and aspirations of the firm and your practice. Prefer to Listen?
It’s unclear when the pandemic will abate, and as a result charting a course for your lawfirm for the upcoming year is no easy task. For that reason, it’s important to create a flexible plan that will serve as the foundation for your firm’s success in 2021. Solo and Small Firm Legal Technology Guide.
If you’ve ever Googled “how to grow my law practice,” you’re not alone. In this article, we’ll cover what you need to know about lawfirm growth, including: . The various forms of financial business success . How to grow a lawfirm using seven straightforward steps . What Does LawFirm Growth Mean? .
Do you want to move into management? As someone who has made the transition in my own career, I wanted to share insights on the key differences between being a paralegal and a paralegal manager and how you can get started today on that transition if it’s something you hope to do in your career. How I Became a Paralegal Manager.
If you’re reading this blog, it’s likely because you’re either a legal professional with an empty bookshelf or you’re trying to come up with a gift idea for the lawyer in your life who’s impossible to buy for. Laws and regulations may come and go, but stories and lessons are evergreen.
I have been a risk manager here at ALPS for well over two decades now, which helps explain why I personally view the purchase of legal malpractice insurance as a necessary expense. Accordingly, tip number four is to encourage you to proactively manage your firm’s claims history by way of a robust risk management program.
If you’re reading the Rocket Matter blog, it’s safe to say that you want your firm to succeed in 2023. And it’s only natural to assume that buying whatever project management software is popular at other firms you admire might help you meet that goal. . Six uncomplicated legal project management tools to try in 2023
Learn how big tech has changed the legal industry Free Guide The Small Firm’s Guide to Big Tech While any change in how you operate your law office can feel overwhelming, there’s never been a better time to start migrating your office structures online. So, what’s involved in how to start a lawfirm? It’s your show.
This blog post was contributed by Trevor McCandless, CPA, MTax, Fusion CPA. Keep reading and we’ll explain how to use each of the forces of scaling for faster, more efficient lawfirm growth. What are the most common mistakes lawfirms make when implementing strategies for scaling their practice?
Taking a data-driven approach to running your lawfirm simply means keeping track of and utilizing certain metrics—such as your billable hours and financials—to improve the way you work. We’ll take a deeper dive into this topic in this blog post. . The Benefits of Data-Driven LawFirms. Set up systems.
Taking a data-driven approach to running your lawfirm simply means keeping track of and utilizing certain metrics—such as your billable hours and financials—to improve the way you work. We’ll take a deeper dive into this topic in this blog post. . The Benefits of Data-Driven LawFirms. Set up systems.
As competition grows fiercer in today’s legal sector, lawfirms are confronted by the new reality that they can no longer just rely on the quality of their legal services. In this guide, we’ll explore proven lawfirm marketing strategies that will help you strengthen your practice. What Is LawFirm Marketing
There’s a new way to practice law, and it’s quickly becoming a hot trend, particularly for solo attorneys and small legal practices. It’s known as the virtual lawfirm. If you’re a solo attorney or part of a small legal firm, virtual staff are ideal because they are efficient and cost-effective.
Whether now or at some point in the future, your firm will eventually need to raise its rates to keep up with inflation and maintain profitability. Think about it: food prices went up about 10% last year, plus roughly another 6% this year , and anyone who isn’t getting paid more is surely feeling the pinch. Businesses are, too.
With looming deadlines and other work-related pressures, it’s easy to let certain things fall through the cracks, especially when it comes to lawfirm client intake. Client intake occurs when a lawfirm collects information about a potential client to determine whether or not the firm can represent them. .
Legal tech solutions have not only become an integral part of efficient lawfirm operations , but also a significant contributor to firm profitability. As soon as a firm adopts a new technology, another one appears on the horizon, potentially rendering the first obsolete. The strategies below can help alleviate this.
Small Business Administration – which backs entrepreneurs and small businesses with financial loans – could no longer approve loan applications. Financially-speaking, the lack of approvals caused a delay of $2 billion in SBA lending. In this use case, the HR manager is a role that won’t change. The result?
Is your firm doing what it takes to stand out from the competition? While navigating the saturated legal market of personal injury can seem daunting, your firm can carve out a distinct presence and attract clients that convert—with the right approach. Establish Your Marketing Budget With the personal injury market valued at $57.7
My contributions have been recognized through features in prominent platforms, such as the Legally Speaking Podcast hosted by Robert Hannah and Above the Law. The last ContractsCon, held at the University of Miami Law School, was sponsored by various legal technology vendors. What projects have you been focused on recently?
. “I’ve been asked to consult with the head of people management about creating an analytics team. “We here in the office believe that people management is…” He glances around, nervously, leans closer and whispers, “We believe they’re really… human resources ! They’re expecting me.”
As part of a strategic marketing campaign, your firm can use this social media platform to generate a funnel for traffic, leads, and conversions. . Advertising on Facebook makes for an excellent platform for marketing your lawfirm to a highly targeted audience. Driving traffic to your firm’s website for increased leads.
Transcript: CHRIS NEWBOLD: Hello, well-being friends and welcome to the Path to Well-Being in Law podcast, an initiative of the Institute for Well-Being in Law. We are wrapping up a three-part series looking at the interconnection of well-being in law schools. Most of you are listeners. Has been there since October 1999.
They were swiftly followed by a handful of additional filings by other retailers, signaling that there is no end in sight to the constant string of fashion and other retail companies struggling financially and looking to bankruptcies courts for protection from their creditors. ” March 2021 – Ralph & Russo. ” 2020.
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