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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.
Firms can leverage mediation tools to reduce costs, improve client outcomes, and enhance efficiency. Rising expenses, including legal fees, court costs, and lost productivity, create challenges for firms aiming to manage disputes efficiently.
Unlike lawfirms with billable hour pressures or solo practitioners constantly chasing clients, corporate and government roles can provide predictable work, a steady paycheck, and a clear career trajectory. If your experience is limited to one industry or a narrow area of law, consider broadening your expertise.
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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].
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Lawfirms leaders quickly learned that a willingness to adopt new technologies into their firms was a requirement for survival during the pandemic. Of course, the effect of the pandemic on the practice of law varied greatly from one firm to the next. The Shift To Remote Work.
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Photo credit: GRIDArendal on Visualhunt Antitrust – a previously dormant area of law and federal enforcement – has reached a new zenith in recent years. Financial institution coalitions focused on responding to the market effects of climate change have been a particular target. What is a Boycott, according to antitrust law?
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That’s why we take advantage of every opportunity to talk to them and understand their law practices and how MyCase helps them streamline their firm’s processes and grow. We also really enjoy sharing their stories and secrets of success with you whether in webinars , customer testimonials , or on this blog.
This article originally appeared on the LawPay blog. . And unfortunately, lawfirms are attractive targets for cybercriminals. . Here’s a breakdown of why lawfirms of all sizes need to invest even more in cybersecurity and what they can do to keep their offices safe. . Why LawFirms are Popular Targets .
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Underwriters in the legal malpractice insurance space often exercise caution when reviewing applications of firms that have one or more attorneys serving as an officer or director of a for-profit, non-profit, or closely held corporation. Why all the fuss? It’s primarily due to conflict of interest concerns.
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And I’d love to blame the schools for not having a more comprehensive training program, but I can’t do that either because none of them can show you what it looks like to work in a particular practice area, in a particular firm, for a particular lawyer – because every one of them is going to be different. You asked, and the firm said no.
Key transformative impacts of AI in law include: Competitive Advantage: Boosts business performance by enhancing efficiency, accuracy, and client service. Knowing these terms empowers you to make informed decisions when integrating AI and new technologies into your lawfirm.
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.
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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.
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In this Simply Law article, our partner’s Lawyer Monthly discusses the 9 things you need to know before choosing a law school. The prospect of going to law school is not only one that requires a lot of hard work and money but also some thorough research. Do you really need a law degree? Business Law.
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On the upside, this HOA is much better run and far more financially sound than the one we left back in Montana. Minor details matter, particularly in the practice of law. So, while this topic isn’t about malpractice directly, it is about managing client relationships, which can impact your exposure to a claim.
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. “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.”
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