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Understanding Law Firm Expenses: Hard Costs vs Soft Costs

MyCase

Managing law firm expenses is vital for understanding your firm’s financial health and optimizing profitability. This understanding is crucial for legal professionals to gain a comprehensive view of the firm’s financial operations and ensure its sustainability for long-term success.

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Understanding Law Firm Expenses: Hard Costs vs Soft Costs

MyCase

Managing law firm expenses is vital for understanding your firm’s financial health and optimizing profitability. This understanding is crucial for legal professionals to gain a comprehensive view of the firm’s financial operations and ensure its sustainability for long-term success.

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The Five Most Momentous Legal Tech Fails

LawSites

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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How has AI emerged as the go-to legal technology?

Cenza

The legal industry is no exception to this prevailing trend, with law firms worldwide embracing Artificial Intelligence to add efficiency and gain a competitive advantage. Early works on AI in legal services can be traced back to 1956 when professor Layman E. Onboarding the right legal AI. About Cenza.

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The 2023 Fastcase 50 Announced, Honoring Legal’s Innovators, Visionaries and Leaders

LawSites

“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. Bill Girdner , Editor, Courthouse News Service.

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Making a case for Artificial Intelligence (AI) with lawyers in the loop

Cenza

Today, more than 80% of senior lawyers consider AI and machine learning critical to the future success of their firms. However, this interest doesn’t translate into actual deployment, with 54% of all law firms indicating that they are not presently pursuing AI options for their legal practice. 3. Legal Research.

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Attorney Fees and Costs: Strategies for Expense Management

MyCase

Law firms exist to serve clients well and generate profits. Two areas crucial to the profit side of the mission are the firm’s fee structure and expense management processes. A misstep can undermine revenue efforts even as the firm grows its client base. The client is responsible for these fees. billion in 2018.