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According to the 2025 In-House Legal Budgeting Report from Axiom and Wakefield Research, 96% of general councils said they expect “AI will meaningfully reduce costs within their legal department.” As we step into 2025, we’ll continue to experience technological evolution at an unprecedented pace that will reshape how law firms operate.
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. In a competitive legal world, AI is a winner.
When discussing legal tech as an industry, we often focus on horizontal solutions — research, document management, casemanagement, practice management — that apply to law firms regardless of practice area. I specialize in Intellectual property law, not employment or personal injury.
If you have been struggling to simplify arduous processes in your client work or have ever had a difficult time collecting invoices from clients, LollyLaw may be the solution you are looking for. The all-in-one casemanagement platform for immigration attorneys. Get Paid Right Within Your CaseManagement Platform With LollyLaw.
What do law firm 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?
For law firms, streamlined, effective legal billing software is incredibly important. Enter modern legal billing software. It ensures that your firm’s legal billing processes are efficient and accurate by reducing the steps needed to invoice clients and accept online payments. Hurdle 5: Disparate Solutions.
The good news is that legal tech programs can prove valuable in helping you manage and protect your law practice. The Rise of Legal Tech and the Evolving Law Firm. Fueled by increasing investor interest and client demand, legal tech is on the rise. Legaltechnology programs aren’t one-size-fits-all.
A must-have feature of legal practice management platforms, casemanagement software, centralizes all your case files, communications, billing, and scheduling in one platform — it’s truly like having a command center for your law firm. Case delays often occur due to lost files or miscommunication.
Assembly Legal’s McKay Ferrell explains some common misunderstandings so you can better evaluate the options. . It’s not true that small law firms can’t compete with bigger firms. You need to purchase a standalone, specialized intake solution to compete with bigger firms. Fortunately, this is not the case.
Two trends in the legal market provide an answer: automation and utilization of legaltechnology and service providers. A host of highly practical, legal-specific do-it-yourself technologysolutions have emerged in the past few years, and many are designed and priced to meet the needs of very modest-sized practices.
Abacus Payment Exchange (APX) is a proprietary tool that has been built from the ground up and engineered exclusively for law firms. If queried, most law firms would point to March of 2020 as the point in time that everything changed. APX is a unique offering to the legal community in many ways.
MyCase , a long-standing casemanagement software provider, has established itself as an effective all-in-one solution for law firms, jam-packed with in-house features. Now, in step with the growth of the legal tech space overall, the MyCase universe is beginning to expand. to its stable. To differentiate Smith.ai
Lawcus Review: Lawcus has aggressively cross-pollinated lead and client management features across a single platform for law firms. . Even at this late date, the market is inundated with productivity (client management) options, while few marketing (lead management) tools built for law firms are available.
The legal industry is steeped in tradition and established processes. While they will continue to serve lawyers and law firms, modern clients demand innovation. Law firm innovation must become a foundational part of your business strategy if you want to thrive in the legal environment of tomorrow.
Integrated accounting software is a vital tool for modern law practices. This software understands how law firms work and can make daily accounting workflows and overall client and financial management more efficient. For law firms, however, this increases labor and operational costs.
On this episode of How It Works : PracticePanther , a leading cloud-based law practice management software solution that serves tens of thousands of legal professionals in 170 countries. How It Works is a sponsored video series that lets you see how legaltechnology products work. Workflow automations.
This is why legal project management is turning into a field of its own, innovating industry-specific techniques for improving client service and efficiency, in ways that increase client involvement and transparency. An Accidental Project Manager. Related: “Five Ways to Start Using Evernote in Your Law Practice.”)
The post Digital Transformation for Law Firms: A Guide to Modernizing Your Practice 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 answer is simple: a lack of digital transformation in law firms.
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.
Legal Research Reinvented Legal research, which traditionally involves time-consuming manual searches through multiple databases, is being revolutionized by AI-powered platforms. The use of AI in legal research significantly reduces the time and effort required to find relevant information.
The law practice management company MyCase said today that it has acquired Docketwise , a software platform for immigration attorneys that provides casemanagement, immigration forms, and client-relationship management. As reported here on April 20 , the practice management company Paradigm acquired LollyLaw.
Clients are well-informed and have a multitude of legal service options, creating a competitive environment that puts significant pressure on law firms to offer both competitive rates and top-quality service. Law firms are grappling with a growing trend – client rate pressure.
In this guide, we’re breaking down what attorneys need to know about legaltechnology, including: . A brief overview of legaltechnology . Different types of legaltechnologies and their benefits . Emerging legaltechnology trends to prepare for . What is LegalTechnology? .
Whether you are a lawyer, working as the position of legaltechnology operations director, or performing any other role, the ultimate goal of your law firm is to help your clients and your business succeed. Every legal professional can give their best and manage their work by experimenting with these tools, apps, and platforms.
Law firms aren’t e-commerce businesses, but the way consumers shop for a lawyer doesn’t have to be any different from how they shop for anything else online. Here’s how your law firm can borrow the best from e-commerce and position itself to attract and serve more clients. An estimated 1.92 Which experience sounds more appealing?
MyCase , a long-standing casemanagement software provider, has established itself as an effective all-in-one solution for law firms, jam-packed with in-house features. Now, in step with the growth of the legal tech space overall, the MyCase universe is beginning to expand. to its stable. To differentiate Smith.ai
While burnout is a pervasive issue across many industries, it’s particularly prevalent in the legal sector. In the world of law, the term ‘fee earner’ is synonymous with the lawyers who generate revenue for the firm. Legal tech tools are designed to automate repetitive tasks, improve workflows, and maximize efficiency.
The right technology provider shares and supports the goals of your firm and your clients, works closely with your team for onboarding and ongoing support, adheres carefully to all compliance standards, and enables your firm to achieve compliance as well. What Are Different Types of Legal Software Solutions?
The product listings continue to grow in the LawNext LegalTechnology Directory , which we launched in February. “Led by the world’s fastest and most accurate patent drafting and proofreading solution, Patent Bots is a suite of innovative software tools that leverage AI and big data to simplify patent prep and prosecution.”
In the over 20 years I have been working with law firms, I have set up intake departments, developed the corresponding technological infrastructure needed to support the processes that make them work, hired and fired applicable employees, audited law firms’ intake systems, and worked with legaltechnology companies to develop intake software.
Given this, an understanding of the legaltechnology landscape is critical as data-driven legal leadership requires the real-time transparency, data analytics, and visualization that modern, fit for purpose legal tech enables.
Law firm growth depends on various factors, including the effective use of technology, delivering exceptional client service, and targeted legal business development. competitive legal landscape. Leveraging LegalTechnology for Efficiency Technology has become the backbone of efficient law firm operations.
In an integration between two law practice products, Lawmatics , the legal CRM product founded by Matt Spiegel in 2017, now integrates with MyCase , the law practice management platform that Spiegel originally founded in 2009 and left in 2015. ” Learn more about Lawmatics at the LawNext LegalTechnology Directory.
Matter management systems leverage automation and analytics to streamline the triage process, allowing law firms to operate more efficiently and effectively. Efficiently managing a growing caseload is a significant challenge for many law firms, starting with inefficiencies in the triage process.
Which Technology Is the Best Fit for Your Law Firm? As with most professional service providers, legal professionals have a tendency to fall into the “If it ain’t broke…” camp. It’s a big part of the reason why many law firms have historically been slow to adopt new technology.
A document management system (DMS) isn’t just where firms store and organize documents — it’s where work happens. Replace Inflexible, Generic Document Management Tools With a Best-in-Class, Cloud-Based Solution That Inspires Your Best Work. That’s Work Inspired.
Today’s law firms need tools that eliminate busy work and keep teams focused on streamlined workflows and client outcomes and results. Now, more than ever, you need tools that eliminate busy work and keep your teams focused on client outcomes and results — by helping them communicate, coordinate document feedback, and manage tasks.
AI is expected to automate nearly half of legal tasks in the US and Europe. Several legaltechnology trends are set to reshape how law firms operate. According to a Goldman Sachs report , AI is expected to automate nearly half of legal tasks in the US and Europe.
What Is CaseManagement Software and Why Do Law Firms Need It? Legalcasemanagement software helps law firms take care of and run the business side of their law practice. time-tracking and legal invoicing tools. customer relationship management tools. rules-based calendaring.
In collaboration with a technology subsidiary of my law firm, I had the opportunity to help design a matter management system in recent years, and I heavily rely on this system for the efficient management of a large group of cases in my current practice. Capturing the Data. Analysis and Reporting.
In 2024, improving law firm efficiency is as important as ever as firms continue to face increasing pressure to improve performance, deliver services efficiently, and reduce costs. Law firms that fail to adopt strategies to improve efficiency risk falling behind their competitors.
EvenUp , a company that uses AI to turn medical documents and case files into demand packages for personal injury lawyers, has raised $50.5 “One glaring illustration of this is when we observe two cases with similar injuries settle for multiples apart. In February, it acquired a majority stake in Litify.
Ever since we launched the LawNext LegalTechnology Directory , which debuted in February , I am consistently fascinated to see the products that get added. As closely as I follow legal tech, I always discover products that are new and interesting. Developed by attorneys for law firms. RazorLex , RazorCube and Razor365.
The case review process, often one of the most time-consuming and resource-intensive aspects of legal work, presents a significant opportunity for optimization. Is your law firm currently under increasing pressure to deliver high-quality work products in shorter time frames while managing costs?
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