LawSites

MAY 3, 2022

Paladin , a legal technology company whose platform enables law firms and legal services organizations to manage their pro bono programs and opportunities, has raised $8 million in Series A funding, which it plans to use to further develop its product and expand its market internationally. .

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LawSites

DECEMBER 29, 2021

In the realms of legal technology and innovation, the pandemic had yielded silver linings – greater adoption of technology, more flexible workplaces, hybrid courts – that promised a future in which the legal profession and justice system would better serve those who need them. Do courts fully reopen or not?

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MyCase

NOVEMBER 6, 2024

With increasing pressure from clients, regulatory bodies, and court directives on providing clear and precise billing, more attorneys are turning to legal billing software to streamline their processes. Consider using our comprehensive legal billing software to make the transition to efficient legal billing even easier.

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LawSites

FEBRUARY 5, 2024

In the blur of activity that was last week, I attended two legal tech conferences, plus an adjacent legal technology summit. By contrast, at the ITC conference, the attendees come mostly from the ranks of legal aid offices, pro-bono programs, court self-help staff, and the like.

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LawSites

OCTOBER 14, 2022

On the heels of raising an $8 million Series A financing round in May, Paladin , a legal technology company whose platform enables law firms and legal services organizations to manage their pro bono programs and opportunities, has named two legal industry veterans to its board to help it usher in a new phase of growth. .

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LawSites

APRIL 11, 2024

Let’s revisit five of the most momentous legal tech fails of the last 10 years. It launched in 2017 to great fanfare, promising to “revolutionize legal services” through its dual-entity model of both a law firm and a technology company. In 2016, legal tech entrepreneur Derek Bluford was riding high.

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LawSites

MAY 30, 2023

The law firm, Nextpoint Law Group (NLG), will provide discovery and litigation legal services to other law firms and to corporate legal departments, including trial strategy, early case assessment, document review, discovery drafting, legal research and brief writing. Its lawyers will not appear in court.

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LawSites

JULY 19, 2023

“This has been an amazing year of change for legal tech, including at vLex and Fastcase,” said Ed Walters, Fastcase co-founder and the Chief Strategy Officer of vLex. This year’s list of honorees reflects a year of transformation for legal services. Sara Molina , Senior Manager in Legal Management Consulting, Deloitte Legal.

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LawTechnologyToday

APRIL 25, 2023

From increasing efficiency in proceedings to improving access to justice, these advancements have the potential to revolutionize the legal system as we know it. Many marginalized communities lack access to legal information and services due to financial constraints or geographic barriers.

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LDA PRO

APRIL 28, 2023

It is because courts may be closed or operating at reduced capacity. If you’re a landlord, be prepared for these financial losses and have a plan for how you will manage your finances during this time. Uncover more about us ! For help, you can take the help of eviction specialists! Contact us !

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Rocket Matter

OCTOBER 29, 2024

Every attorney’s day goes about the same: juggling client meetings, court deadlines, and endless rounds of document revisions… not to mention managing team members and collaborating with other attorneys. Legal work is complicated, and finding time to breathe—let alone be productive—can seem overwhelming. Get free guide See More

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Conflict of Laws

DECEMBER 3, 2023

Each year, the European Centre for Judges and Lawyers – EIPA Luxembourg hosts a conference on ‘Recent Trends in the Case Law of the Court of Justice of the EU’. The next edition will take place on 18 and 19 January 2024. The hosts have kindly shared the following information with us, which can also be found here.

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CARET Legal

APRIL 24, 2024

The Total Command Center A must-have feature of legal practice management platforms, case management 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. This convenience can greatly enhance client satisfaction.

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LawSites

MARCH 17, 2022

LawToolBox has rulesets for thousands of courts in all 50 states and in countries around the world, offering a rules-based deadline calculator, automated legal calendaring, and matter management within Microsoft 365. Reynen Court Raises $4.3M The legal technology platform Reynen Court announced the closing of $4.3

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MyCase

JUNE 27, 2024

Traditionally, spend management has been used in the legal profession primarily by in-house legal teams to manage and control costs associated with outside counsel and legal service providers. Below are a few of the most common challenges related to managing firm costs.

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SimplyLawJobs

NOVEMBER 30, 2021

The number of reserved legal activities is, however, already fairly small considering the overall scope of the law. The UK’s court system was notoriously slow even before COVID19 struck. Courts are still working under COVID19 restrictions. In fact, it’s currently anyone’s guess when those will be removed completely.

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LawSites

DECEMBER 29, 2021

In the realms of legal technology and innovation, the pandemic had yielded silver linings – greater adoption of technology, more flexible workplaces, hybrid courts – that promised a future in which the legal profession and justice system would better serve those who need them. Do courts fully reopen or not?

Legal 52

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MyCase

JULY 6, 2022

Setting and efficiently managing key benchmarks will help you spot and correct problems before they significantly affect law firm finance. How Does Financing Differ for Law Firms? For most service-oriented businesses, work is performed, an invoice or bill is issued, and the client/customer immediately pays.

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CosmoLex

FEBRUARY 7, 2024

Running a law firm is a complex undertaking that requires a lot more than filing briefs or showing up in court. Your clients have varied billing cycles to account for within their personal or business finances. Question #5: Would you be interested in setting up a retainer agreement for ongoing legal services?

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Rocket Matter

OCTOBER 3, 2023

This might include, but definitely isn’t limited to: Researching or performing due diligence for a client’s matter Correspondences or meetings related to a case Drafting briefs Filing paperwork Court appearances On the other hand, a great deal of legal work falls into the non-billable hour camp. Get free guide See More

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Rocket Matter

DECEMBER 19, 2023

a business credit card) for your firm, and you constantly have to dig into it to cover basic expenses, this is a problem. Experience: This can consist of years of experience and notable legal work (e.g., appearing in front of your state’s supreme court). You’re taking out loans to cover expenses If you have a line of credit (i.e.,

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MyCase

JUNE 17, 2024

Hard Costs Hard costs are expenses that are paid upfront and directly to a third-party vendor for services rendered on behalf of a client matter. This level of financial clarity can provide you and your team with a greater sense of confidence and security, allowing you to focus on delivering exceptional legal services to your clients.

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MyCase

JUNE 17, 2024

Hard Costs Hard costs are expenses that are paid upfront and directly to a third-party vendor for services rendered on behalf of a client matter. This level of financial clarity can provide you and your team with a greater sense of confidence and security, allowing you to focus on delivering exceptional legal services to your clients.

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Law Firm Law Firms Laws Legal Services 52

MyCase

SEPTEMBER 29, 2022

This should clearly outline the percentage of the award that the lawyer is due and whether that percentage is taken before or after court fees and litigation expenses are deducted. . This means that they compensate the attorney or firm in order to reserve their services should the need arise. Retainer Fees. Payment Plans.

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MyCase

AUGUST 18, 2023

At its core, legal matter management involves overseeing crucial components such as: Case Information and Documents Accurate and up-to-date information is the backbone of legal matter management. Tasks and Deadlines Legal cases involve numerous tasks and critical deadlines that need to be met.

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MyCase

JULY 29, 2022

Trust accounts hold the client’s money, usually in the form of client fees (typically a retainer), settlement money, or court fees. Revenue is the income received as a result of issuing your legal services. Quickbooks is the easiest way for organizing all of your legal accounting. Profit/income distributions .

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LawSites

DECEMBER 4, 2023

While we are happy to lead an industry disruption, we welcome new competition, which we believe will help accelerate adoption of new AI-powered eDiscovery technologies by courts, law firms, and other stakeholders. We securely give fiduciaries access to assets when required with no password-sharing, no court orders, and correct titling.

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MyCase

DECEMBER 15, 2022

Start by calculating your personal/family finances. This can include: Mortgage or rent (plus utilities) Groceries Gas Wifi and phone bills Car payment(s) Streaming services Gym membership dues Budgeted fun money (outings and shopping) Add up the total monthly amount to determine how much money you need to be financially stable.

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MyCase

DECEMBER 15, 2022

Start by calculating your personal/family finances. Streaming services . Next, set up the necessary accounts to ensure that you’re in compliance when handling business finances and client funds. This includes client retainer or flat fees, settlement money, court fees, and advanced costs. Wifi and phone bills.

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MyCase

JULY 14, 2022

All the time spent on case work (requiring legal skill and judgment) qualifies as billable time. As a refresher for your law firm, this includes but is not limited to case-focused research, drafting of pleadings, and court appearances. Non-billable hours typically involve clerical tasks that require no legal skill.

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LegalTalkNetwork

MARCH 4, 2020

We also learned some new things about “ deepfakes ” and how that could affect legal practice, why litigation finance is about to get really interesting, how ODR is closing one part of the A2J gap, and why virtual reality may become a real staple in courts very soon. The future is nigh!

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MyCase

OCTOBER 10, 2024

External factors like the state of the economy and the average prices for local law firms can also significantly affect what people are willing to pay for legal services. Evergreen retainers : Funds paid in advance that a lawyer bills against after completing services.

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Rocket Matter

JANUARY 16, 2024

These rules may change with the emergence of new legislation or court cases. Some states prohibit surcharging entirely: Massachusetts, Maine, Connecticut, and Puerto Rico. The best way to boost your law firm’s finances is to minimize your non-billable hours and make sure that every hour of your day is accounted for.

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MyCase

SEPTEMBER 30, 2024

Key takeaway: Law firm accounts receivable is the money clients owe after a law firm delivers legal services. Our 2024 Legal Industry Report found that: 47% of legal professionals say their firm can accept more cases by offering “Pay Later” options (legal fee financing).

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Rocket Matter

NOVEMBER 3, 2023

Trying to attract new clients for your law firm and juggle leads while ensuring your existing clients get the exceptional service they deserve is no walk in the park. You’ve already got court dates, paperwork, document reviews, and client meetings to manage. Get free guide See More

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Document Review Law Firm Law Firms Legal 52

MyCase

AUGUST 10, 2022

Attorneys can charge in several different ways, the most common include: Fixed fees : A fixed fee is a predetermined and fixed amount charged for a legal service. This is commonly used for routine legal matters, such as drafting up a final will and testament or a standard real estate closing contract. .

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MyCase

SEPTEMBER 16, 2024

Revenue is the funds earned after completing legal services and before deducting expenses. Interest earned on IOLTA accounts is sent directly to local Bar Associations to support charitable legal services. For example, if your firm paid court filing fees for the client, a part of their paid invoice must cover that cost.

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