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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.
Virtual lawfirm status has worked out so well for some firms, they’re making the switch permanent. While firms are announcing their back-to-the-office plans, you may be wondering if it is possible to move your law office to a virtual setting permanently. Virtual Firms Aren’t Always 100% Remote.
What do lawfirm CRM systems do — and do you really need one? Clients are the lifeblood of your law practice. That’s why many firms have adopted client relationship management (CRM) solutions to help improve relationships with current clients, attract new ones and transform the way they do business. Is it worth it?
If you decide now is the time, how do you ensure ethical implementation in your lawfirm? The challenge then becomes staying abreast of rapid changes without getting left behind and successfully implementing AI in your lawfirm when the time is right. What are your firms most significant challenges?
Owning a laptop computer and Instagram account might help combat boredom—but doesn’t necessarily translate to technical proficiency in a legal setting. However, this inherent familiarity with (and normalization of) technology still leaves a gap of real-world proficiency within the software tools lawfirms rely on every day.
Inaccurate invoicing and late payments can have a significant impact on a small lawfirm’s cash flow and client relationships For small lawfirms, managingbilling processes efficiently is not just a matter of convenience – it’s a necessity.
4 Pro Tips for Drafting Billable Time Entries How much do you love drafting billable time entries? In today’s blog, I’m going to give you four quick tips to help you draft better time entries. Tip 1: Change Your Mindset About Your Billable Time Entries What mindset? We spent four hours. Or worse yet, you spent.1
Client retention is an essential aspect of running a legal practice. Think of it like this: Your firm has no problem bringing clients in, but it needs help keeping them. When your lawfirm is in a slump, and youre feeling the weight of the small tasks that slowly add up over time, sometimes all you need is to simplify your efforts.
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.
By leveraging advanced features specific to the legal industry, lawfirms and arbitration centers can efficiently manage large caseloads while improving client outcomes. Legal practice managementsoftware (LPMS) offers an integrated solution designed to streamline these complex processes.
For lawyers and firms, time isn’t just money—it’s one of their most important resources. One aspect of business that can gobble away at this valuable time is ineffective payment management. The traditional legal payment process is full of time-consuming steps. But, there’s hope.
Proper records management is vital for the smooth operation of any lawfirm. Records management is a critical function in any lawfirm, ensuring smooth operations and compliance with legal standards. Start with a thorough audit of your current records management system.
The post How to Grow Your LawFirm: 10 Strategies for Sustainable Success appeared first on Rocket Matter. Big tech changed the game in how we run our everyday lives, so stay up to date with the latest available software solutions to keep clients happy. The question is, whats the best way to grow your lawfirm ?
That process may seem a little time-consuming but if all you do is skim the complaint and the answer, and you have a few talks with the attorney in charge, you’re not going to know everything that you need to know to proactively manage those cases and to stay on top of them. You’ll be able to manage all of the information.
For lawfirms, streamlined, effective legalbillingsoftware is incredibly important, since the more efficient your firm’sbilling processes are, the more quickly your firm will get paid. Enter modern legalbillingsoftware. Hurdle 1: Missed Billable Time.
Is your lawfirm taking advantage of legalsoftware to streamline your lawfirm’s processes from client intake to the final bill? If not, you’re undoubtedly wasting valuable time by relying on cobbled-together and clunky paper-based systems that are both outdated and money-wasters.
Lawyers have used software to help them practice law and run their firms for many years. The types of software that lawyers have used since the 1990s has run the gamut, from legal research and dictation tools to software for word processing and legalbilling. The rise of cloud computing.
We often hear lawyers say they went to law school to study law, not to learn how to run a firm. When faced with challenging daily tasks, such as managing invoices and reconciling trust account transactions, even the most brilliant legal minds struggle to build a successful practice. . Time-Tracking Software .
Paradigm — the parent company to practice management platforms PracticePanther , Bill4Time and MerusCase and payments platform Headnote — is being acquired by Francisco Partners , a major investment firm that specializes in investments in technology businesses. Hot Market for Practice Management.
Legal automation uses technology to automate repetitive tasks in a lawfirm, freeing up time for higher-value work. As a legal professional, you understand the constant pressure to optimize processes and improve efficiency to keep up with an ever-growing workload.
However, the uncertainty we continue to face means that lawfirms need to be fully prepared for whatever may come. That way your firm will have the flexibility it needs to ensure long term business continuity and resiliency. Your firm undoubtedly already has some remote working tools in place. Document management tools.
Now that lawyers have been working remotely over the past year – and may continue to do so in the future – the legalsoftware choices made by lawfirm leaders take on a whole new level of importance. That’s where the different functions of legalsoftware come in.
Managing a busy lawfirm and ensuring that it runs smoothly is never easy. Between managing inquiries from potential clients and opening new files to tracking case deadlines and sending out invoices, there’s always something new that needs to be done and the to-do lists never end. Set up online intake forms.
Running a law practice in isn’t easy. The day-to-day tasks involved in running a successful lawfirm – including tracking deadlines, staying on top of client communications, overseeing your firm’s finances, and business development – can take up significant amounts of time. Client intake.
By leveraging the data and features provided by a robust management platform, you can make informed decisions about when and how to scale your lawfirm for sustainable growth. A steady stream of new business is a strong indicator that your firm is ready for growth. Have You Assessed the Market and Competition?
A legal industry report released today by the sibling legal technology companies LawPay and MyCase provides unique insights into the technology tools that matter most to smaller lawfirms in the post-pandemic era. Increased Adoption of Cloud Software. Increased Adoption of Cloud Software.
Is it time for your lawfirm to reassess its IT systems? How long has it been since a technology audit was conducted to determine whether your firm is due to transition away from unsupported software systems? If it’s been a while, then now might be the perfect time to upgrade your firm’s systems.
If you’re looking for the top paralegal skills or paralegal traits, I’ve written about those before on this blog. I give a really good example of what a litigation paralegal can do what that information in my 3 Steps to Better Case Management. What I want to talk about for this article are habits.
Every year the International Legal Technology Association conducts a technology survey of firms of all sizes, and the results always provide lots of interesting data on how lawyers are using technology. This year’s Survey was of particular interest due to its timing. Cloud philosophy.
Lawfirm growth depends on various factors, including the effective use of technology, delivering exceptional client service, and targeted legal business development. competitive legal landscape. For firms looking to expand, adopting modern strategies for growth is crucial.
How can an attorney increase their overall collection rate, decrease outstanding accounts receivable and substantially reduce time spent on billing? BNPL can be a game-changer for your firm, and adding it as one of your accepted payment methods is about to get even easier with ClientCredit, a new offering from LawPay.
As I survey the legal profession broadly, and the world of legal tech and innovation specifically, I see uncertainty and inertia. As I survey the legal profession broadly, and the world of legal tech and innovation specifically, I see uncertainty and inertia. It is as if we are serving time in a legal tech limbo.
It’s about helping your employees focus on the tasks at hand to make the most of their time. By creating efficient processes, you can increase satisfaction in your lawfirm. Your attorneys and legal staff will be able to spend more time on what matters, like project work and client matters—and less on busy work. .
Seven times since 2016, Thomson Reuters has conducted a survey on the state of small lawfirms in the U.S., and every time, it found that small firms had made virtually no progress on one of their greatest challenges, which is that they spend too much time on administrative tasks to the exclusion of practicing law.
It should come as no surprise to hear that legal clients want the ability to pay you via credit card. In fact, the 2021 Legal Trends Report found that 66% of clients expect lawfirms to accept online payments. . Not to mention, it’s well worth the upfront time investment. Find a payment processor .
That’s why we love to learn as much as we can about their law practices and how their firms use MyCase to save time and money. We also really enjoy sharing their stories and secrets of success with you whether in webinars , customer testimonials , or on this blog. So let’s talk a little bit about your firm.
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 managementsoftware is popular at other firms you admire might help you meet that goal. . Did you make a list of firm-related New Year’s Resolutions?
How do you keep abreast of the changes in the law and its practice, specifically with regard to the benefits and risks associated with relevant technology? In addition, I subscribe to various podcasts and newsletters focused on legal technology. In addition, I subscribe to various podcasts and newsletters focused on legal technology.
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: . How to grow a lawfirm using seven straightforward steps . What Does LawFirm Growth Mean? . Acquiring or merging with another firm .
Because many companies, including lawfirms, were unprepared for the rapid transition to remote work, it was easier for criminals to launch successful cyberattacks. Because many companies, including lawfirms, were unprepared for the rapid transition to remote work, it was easier for criminals to launch successful cyberattacks.
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.
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.
While these technologies can’t—and shouldn’t—replace most of the very sensitive work legal staff do for their clients, ChatGPT can save your team much-needed time to maximize billable hours. Understandably, many lawfirms are cautious about utilizing ChatGPT and other AI tools.
I write a regular legal technology column for the ABA Journal where I focus on a different type of legalsoftware each month. 2020 was my third year covering legalsoftware for the ABA Journal, and for my November column , I rounded up all of the legalsoftware tools I wrote about in 2020.
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