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The post LawFirm Management: Key Insights and Strategies for Success appeared first on Rocket Matter. Get free e-book Legal brilliance alone doesn't guarantee the success of a lawfirm. Running a thriving practice requires a strong foundation in lawfirm management. Financial Oversight.
The post How to Grow Your LawFirm: 10 Strategies for Sustainable Success appeared first on Rocket Matter. Get free e-book If youve been proactively working to grow your lawfirm , you know firsthand that the road to business success is fraught with challenges. The question is, whats the best way to grow your lawfirm ?
The post Next Level Strategy: How LawFirms Should be Using Google Ads appeared first on Rocket Matter. If you run a law practice and need qualified leads who are eager to find your firm, Google Ads is a great way to start. Are Google Ads right for your lawfirm?
You know that to effectively manage your lawfirmfinances that you need to create revenue projections, to establish goals for what you want to make.? In this way, expensing apps are a necessary, if often overlooked, component of the paperless lawoffice. And, that’s the short list.?
Register Now To keep your lawfirm running efficiently, making informed decisions is crucial—whether it’s determining the most effective strategy for a client’s legal matter or identifying areas where your firm can reduce expenses. For example, you can: 1. Start accepting payments online! Download free guide 3.
For lawfirms, streamlined, effective legal billing software is incredibly important, since the more efficient your firm’s billing processes are, the more quickly your firm will get paid. If your firm encounters any of the common legal billing hurdles discussed below, then guess what?
Your firm’slawoffice management and organizational procedures can mean the difference between running a profitable business or running your business into the ground. There are several complex components involved in successful lawoffice management. Why is High-Quality Office Management Important?
One thing lawfirms of all sizes have in common? However, as a small or solo lawfirm with limited resources, the last thing you want to sink potential billable hours into is administrative tasks and paperwork. For your lawfirm, electronic billing also means faster payments. More flexibility!
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 lawoffice can feel overwhelming, there’s never been a better time to start migrating your office structures online. It involves several key areas, including: Case Management.
Lawfirm growth happens when you bring in new business and nurture your current client base. Download free guide Rocket Matter’s unique CRM features and scalability Rocket Matter isn’t just any CRM—it’s designed specifically for lawfirms.
The success of your lawfirm depends highly on the happiness of your clients. Retaining clients is one of the most important goals of any law practice, but unfortunately, m any are struggling to do so. To avoid being left behind, lawfirms must turn to modern data management and client engagement solutions.
On your quest for the right payment processor, look for features that streamline and support the way lawfirms operate. Download free guide Why a year-end review matters for your lawfirm Your financial health checks go beyond tallying income and expenses. Take the hefty load off your plate and the plates of your staff.
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 lawoffice can feel overwhelming, there’s never been a better time to start migrating your office structures online. So, what’s involved in how to start a lawfirm?
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 lawoffice can feel overwhelming, there’s never been a better time to start migrating your office structures online.
Though all lawfirms share some similar concerns, solo or small firms present unique challenges and benefits due to smaller headcounts and fewer resources. To be profitable, smaller law management requires a strategic structure to oversee staff delegation, client relationships, office management, and cases.
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 lawoffice can feel overwhelming, there’s never been a better time to start migrating your office structures online.
Today is the day that you’re ready to open a lawfirm of your own. And so on In this overview, we’ll detail how to start a lawfirm using practical “small” steps, so you don’t put off the idea for yet another year. What Should You Consider Before Starting a LawFirm? Consider the points listed below.
Today is the day that you’re ready to open a lawfirm of your own. In this overview, we’ll detail how to start a lawfirm using practical “small” steps, so you don’t put off the idea for yet another year. This includes what to consider before starting, the costs, and practical tips on how to open a successful lawfirm. .
I work mostly with tech startups handling formation, financing and M&A. However, I believe that I would have ended up in the same place no matter which law school I attended. Part of my journey included founding and growing the Royse LawFirm from a solo practice to 27 lawyers over 15 years. Where do you go from here?
Download free guide What makes a website “good” for a lawfirm? Lawfirm websites aren’t only there to be visually appealing. They’re looking for specifics, like “family law attorney in Charlotte.” Local SEO is another large piece of the puzzle for lawfirms.
Get free guide 6 Billing Strategies to Grow Your LawFirm Scaling your lawfirm doesn’t just mean adding more lawyers or increasing your number of clients. The best way to boost your lawfirm’sfinances is to minimize your non-billable hours and make sure that every hour of your day is accounted for.
Improve your time management strategy with these 5 tips To improve your time management strategy—and prioritize your tasks correctly—you need to see the big picture for your lawfirm: upcoming projects, client needs, lawfirm goals, and more. From there, better time management is just around the corner. 1.
This blog explores why lawfirms are adopting digital payment solutions and how these tools can streamline your payment processing efforts. But, really, a client’s experience has a significant impact on a firm’s bottom-line profitability. Here’s how digital solutions can benefit firms. But, there’s hope.
Why settle for a one-size-fits-all template when your lawfirm is anything but generic? For example, most generic templates aren’t optimized for local SEO, a crucial factor for lawfirms that rely on clientele in their geographic area. The truth is that not all websites are created equal.
To help get your firm up to speed on year-end tax prep, we’ve compiled this list of seven essential tips to take the headache out of doing your taxes and allow you to return to focusing on what matters most: your clients. 7 tips for lawfirms to get ready for taxes Grab a holiday cookie and turn off your email notifications.
Why time-tracking policies matter Lawfirms experience unique challenges in managing time effectively. Effective resource allocation Effective time tracking enables lawfirms to allocate their resources efficiently. They should provide opportunities for training , including knowledge base resources and webinars.
For over 20 years, as a former senior legal officer for a Fortune 50 company, Sheila Murphy successfully developed, coached, and transformed talent in corporate America, and lawfirms. However, in law school, my focus switched to corporate law because I was a severe introvert with a fear of public speaking.
So, what's a busy lawfirm to do? Join us as we unlock the secrets to efficiency, free up your time for the important stuff (like actually practicing law), and introduce you to a web service that's so tailored for lawfirms it practically passed the bar exam. So, grab your favorite legal pad, and let's dive in.
How’s your lawfirm performing? But it’s one thing to know that you need to analyze company data, and entirely another thing to carry it out—and do so correctly. After all, most lawfirms don’t have much time to spare. Annual overhead Operational costs add up quickly in a lawfirm.
Contrary to what TV dramas would have you believe, most lawyers in the US do not work at intrigue-filled Big Lawfirms. In fact, 63% of attorneys work for solo or small firms. If you’re ready to see how Rocket Matter can help you get your solo firm up and running and poised for success, contact us today.
All the successful lawfirms you see on TV are full of sharpshooters with the smartest teams, the sleekest offices, and the sharpest suits in town. But wait—is their website still stuck in the dial-up era? Having a lawfirm website is as much of a no-brainer as owning a law library or sporting that indispensable power suit.
By streamlining tasks, including marketing and client communications (which any lawyer knows can take up more time than expected), lawfirms that leverage AI can increase their profitability and productivity. Understandably, many lawfirms are cautious about utilizing ChatGPT and other AI tools.
As you prepare your firm for the new year, you’ll need to take into account the continuing effects of the pandemic and ensure that you build resiliency into your lawfirm’s business plan. That way your firm will be able to survive and thrive in the new year, whatever it may bring. sustain a healthy cash flow.
Poor cash flow is a problem that no lawfirm wants to have. For a lawfirm, client portals make it more likely that clients will pay their bills on time. Lawfirms who accept online payments typically get paid faster, and those payments are easier to track for all parties. The leading cause, though?
Time management is a common challenge many legal professionals face, and it can significantly affect your firm’s bottom line. Legal time-tracking software is a tool designed specifically for lawfirms and legal practitioners that’s used to record, track, and bill for hours spent on various legal tasks.
For firms that use hourly rates, clients are billed for this time by the hour. Billable hours are the basis of most legal fee calculations, and putting in enough billable hours is essential to the profitability of lawfirms—that’s why they generally seek to maximize the number of billable hours that associates and partners put in.
The fact is that even the best-run lawfirms need to adjust their processes occasionally. Get free guide 6 Billing Strategies to Grow Your LawFirm Scaling your lawfirm doesn’t just mean adding more lawyers or increasing your number of clients. To see Rocket Matter in action, schedule a demo today.
Not only that, but the common online payment processors are not compliant with ABA and IOLTA guidelines, which is make-or-break for a lawfirm. The point is, when it comes to payment processors for lawfirms like yours, not all payment processors are created equal. Start accepting payments online!
In this post, we’ll review the most common objections lawfirms face in implementing time-tracking systems, and then offer practical steps you can take so you can overcome them. Challenges lawfirms face in implementing time-tracking systems Want to get attorneys and legal staff on board with time-tracking processes?
They allow you to bill clients accurately When it comes to your lawfirm’sfinances, every dollar counts. If expense tracking is lacking at your firm, your clients won’t understand what they’re being charged for. But no client will give you a dime if they feel their invoice doesn’t add up. Get free guide See More
Why the billable hour matters Reports state that many attorneys bill between 1,700 and 2,300 hours per year , so not tracking all your time accurately can lead to tens of thousands in lost revenue. Second, lawfirms track the billable hours of each attorney. Get free guide See More
Whether you're just hanging a shingle for the first time or have managed a small or solo lawfirm for decades, you want to ensure you have the right software tools for the job. With this in mind, some solo and small lawfirms hesitate to invest in timekeeping and billing tools and processes.
If a lawfirm is unable even to decide whether its staff should return to the office, or when that return should happen, or how to structure that return, then how can that firm implement lasting and innovative changes in its technology infrastructure and systems? You can think of things like sales and finance.
Download free guide Five tips to improve time tracking for attorneys Build a productive, effective time-tracking routine with these five Rocket Matter-approved time-tracking tips for you and your lawfirm. 1. Establish a time-tracking policy at your firm Everyone at your firm should be using the same system for time tracking.
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