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Accepting Crypto Payments for Legal Services

Attorney at Work

Over the past few years, many law firms have started cryptocurrency practice groups. But are these law firms accepting crypto as payment? Today many law firms accept cryptocurrency as payments. Moreover, it is still unclear whether cryptocurrency is money or property under the law. Getting Paid with Cryptocurrency.

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Time’s Up: Will Law Firms Say Goodbye To Billable Hour In The (Gen)AI Era?

Above The Law

In our forthcoming Spring 2025 publication, Fighting the Hypothetical: Why Law Firms Should Rethink the Billable Hour in the Generative AI Era, [1] we hypothesize that Generative AI (GenAI) technology will change forever how legal services are delivered and will force law firms to re-engineer their legacy economic model.

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Alternative Legal Service Provider and Cenza – A quick recap of the journey

Cenza

The practice of outsourcing certain aspects of legal work by law firms, in-house counsels, and individual attorneys existed for decades. It took years to shape into a formal industry and to be christened Alternative Legal Service Providers. billion market today. billion market today. and reach $25.7 billion by 2028.

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Alternative Legal Service Providers – An ally to embrace

Cenza

Therefore, legal service providers have been contending to streamline their processes and systems with the aid of technology. An effort to maximize the value delivered by technology and enable business growth has resulted in the genesis of Alternative Legal Service Providers (ALSPs). Tracing the ALSPs’ growth path.

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Three Ways AI-Assisted Court Reporting Helps Improve Client Experience 

Attorney at Work

The shortage is forecast to worsen — triggering significant delays to proceedings and a sharp increase in costs by the laws of supply and demand. The challenges of increasing costs, customer service and scalability are a textbook use case for technology — especially AI. Will stenography suffer the fate of Blockbuster?

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Legal Staffing Lessons for Today’s Marketplace

Attorney at Work

Contract attorneys have made it possible for legal organizations to level up their teams’ expertise without increasing headcount. . Law firms didn’t let the pandemic get in the way of profitability or performance in 2020. Corporate law departments made structural shifts as well. Profits per equity partner rose 11.5%

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ALSP Factor Launches Product for Law Firms to Manage and Support Transactions

LawSites

There is no denying that some law firms view alternative legal services providers such as Factor as competitors, particularly for corporate legal work. Now, building on these experiences, Factor is launching a productized, tech-enabled Legal Transaction Optimization service specifically for law firms.