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David Odero is a law student at Kisii University and a special correspondent for JURIST who attended Thursday’s protests in Nairobi. The Law Society of Kenya LSK led by their president Faith Odhiambo went to the police station demanding to see their clients and were in turn lobbed with teargas.
ClientCredit is the first BNPL solution for legal clients on the market and is exclusively available through LawPay. With ClientCredit, your clients have the ability to pay for legalservices in installments while your firm still receives 100% of the invoiced amount upfront. The Latest from the Legal Payments Leaders.
The post Law Firm 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 law firm. Running a thriving practice requires a strong foundation in law firm management. Financial Oversight. Operational Efficiency.
Luckily, changes in litigation finance may be changing the terms of engagement. The best way to understand litigation finance is by looking at the arc of its development over the last decade – but why such a short timeline? Simply put, ten years ago, litigation finance as we know it now didn’t really exist in the United States.
Trust accounting is a critical but often overlooked aspect of financial management for many law firms. In a recent MyCase webinar , Florida attorney and legal performance coach Audrey Ehrhardt explored trust accounting best practices and provided actionable tips to enhance financial operations. Image courtesy of AffiniPay.
For the last seven years, Mighty has been a legal technology company operating a portal that helps personal injury law firms interface more seamlessly with the lienholders, such as medical providers, who have claims against their clients’ recoveries. Tackling PI Law’s ‘Incentive Problem’. Faustian Bargain.
Stop thinking you’re smarter than the finance folks at Netflix when it comes to setting rates. While there are myriad ways to market legalservices, digital or otherwise, most lawyers still get the vast majority of their new clients the old-fashioned way: referrals from former clients or other lawyers and professionals.
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%
Recent headlines in the financial press are replete with stories about the new boom in buy now, pay later financing for retail purchases, with many retailers, including Walmart, the nation’s largest, now offering these point-of-sale loans. The maximum amount a client will be able to finance through the service is $15,000.
The post How to Grow Your Law Firm: 10 Strategies for Sustainable Success appeared first on Rocket Matter. Get free e-book If youve been proactively working to grow your law firm , you know firsthand that the road to business success is fraught with challenges. The question is, whats the best way to grow your law firm ?
Luckily, changes in litigation finance may be changing the terms of engagement. The best way to understand litigation finance is by looking at the arc of its development over the last decade – but why such a short timeline? Simply put, ten years ago, litigation finance as we know it now didn’t really exist in the United States.
When it comes to keeping accurate records of your law firms accounts, its essential to use tools that give you a clear picture of your firms performance and meet your legal, regulatory, and ethical requirements. What is law firm accounting ?
3: Enterprise-Wide Collaboration Legal teams dont operate in a silo success depends on strong collaboration with finance, procurement, HR, IT, and other departments. Legal Ops helps ensure legalservices are delivered efficiently across the business, breaking down silos and strengthening cross-functional relationships.
The post Next Level Strategy: How Law Firms 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 law firm? Its one of the most effective marketing channels.
Did you ever sit down, watch “Shawshank Redemption,” and think to yourself: There are real lessons in here for how I should manage my law firm? The managing partner of a midsize San Francisco law firm makes her Non-Eventcast debut, in what may be our most colorful episode ever. You thought we were kidding?)
There is no denying that some law firms view alternative legalservices 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.
Lawmatics , a company whose platform provides client relationship management (CRM), client intake and marketing automation for attorneys, has closed a $10 million Series A financing round, it is announcing today. The financing follows the San Diego-based company’s raise of a $2.5 million seed round in October 2020.
Read on for advice on business law from the legal experts at Handin Law. Hiring And Managing Your Employees First things first: understand your obligations as a business owner when it comes to matters of law. Employee Benefits Federal law requires offering certain benefits to your employees. Handin , P.A.,
Paralegals and legal assistants held about 345,600 jobs in 2020. The largest employers of employees and legal assistants were as follows: LegalServices 73%. Finance and Insurance 3%. Obtaining a legal certification or a degree as a paralegal offers an opportunity to seek a variety of career opportunities.
In a first for an e-discovery technology company, Chicago-based Nextpoint is launching an Arizona law firm June 1 under that state’s liberalized law practice rules that allow non-lawyers to own law practices. Learn more about Nextpoint at the LawNext Legal Technology Directory.
Practical Clio Duo Automation for Your Law Firm Jonathan Watson One of the biggest splashes at this year’s ClioCon was the launch of Clio Duo , an AI-powered assistant to enhance your practice management software. Jonathan Watson is the Chief Technology Officer at Clio. Their ultimate goal?
By introducing and communicating payment plans centered around the client and their experience, law firms can avoid chasing clients for bill payments. . According to the 2021 Legal Trends Report , 81% of consumers prefer to pay their legal fees via a payment plan. How to start implementing payment plans at your law firm .
Sri Lankan law students are reporting for JURIST on the situation in that country since mass protests and the physical invasion of the President’s House in Colombo by demonstrators forced the departure and resignation of Sri Lanka’s president and precipitated the imposition of emergency rule.
Paladin , a legal technology company whose platform enables law firms and legalservices 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. . and Canada.
A positive client experience extends beyond relationships its about making legal processes, from client intake to case closing , easier and more manageable for the people you serve. One way your law firm can improve the client experience is by offering flexible, inclusive lawyer payment methods. But do lawyers take credit cards ?
In the blur of activity that was last week, I attended two legal tech conferences, plus an adjacent legal technology summit. After starting the week in New York at the glitzy celebration of big law tech that is Legalweek , and ending it in Charlotte, N.C., billion was invested in legal tech in 2023 and $2.2
Nextpoint recently became the first e-discovery company to launch a law firm , launching Nextpoint Law Group in Arizona under that state’s liberalized practice rules that allow non-lawyers to own law practices.
Navigating a law firm split requires careful planning, clear communication, and the right tools to ensure a smooth transition. From safeguarding client relationships to fairly dividing case files, finances, and technology, every decision impacts the future of both firms.
As a busy attorney, maximizing your billable hours is crucial to accelerating cash flow and running a profitable law practice. Block billing is a legal billing practice in which multiple tasks are grouped together under a single time entry instead of itemizing each task individually.
Priori Legal , a marketplace for in-house legal teams to find and hire outside counsel, is expanding to also serve as a marketplace for legal technology and alternative legalservices providers. Factor , the alternative legalservices provider that describes itself as delivering complex legal work at scale.
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 legalservices” through its dual-entity model of both a law firm and a technology company. In 2016, legal tech entrepreneur Derek Bluford was riding high.
If a law firm 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? This is not to say that 2021 was without innovation.
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 legalservices 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. .
Transcript: CHRIS NEWBOLD: Hello, well-being friends and welcome to the Path to Well-Being in Law podcast, an initiative of the Institute for Well-Being in Law. And we are in the midst right now of spending a three-part miniseries within the podcast of really looking in terms of what’s going on in the law schools.
I say “fortunately” because, as I wrote when last year’s list was announced, the Fastcase 50 is probably the best-available roster of those who are leading the charge on innovation in law. This year’s list of honorees reflects a year of transformation for legalservices. Joe Breda , President, Bloomberg Law.
Taking charge of your law firm’s spend management strategy is crucial to running and maintaining a successful practice. In this article, we’ll explore the foundational aspects of law firm spend management. In this article, we’ll explore the foundational aspects of law firm spend management. What is Spend Management?
Learn more about the ABA Law Practice Division’s new book titles and their authors! You can find all of the Division’s books in the four core areas of management, marketing, finance, and of course, technology, here. What is the main message of How Successful Law Firms Really Work ? What inspired you to write this book?
The authors, Maya Markovich , executive director and cofounder of the Justice Technology Association , and Tom Gordon , executive director of Responsive Law , an organization that represents the consumers’ voice in the legal system, agreed to allow me to publish it. As I said above, you can read that op-ed here on LawNext.)
The evolution of legal tech was seeded when LexisNexis introduced the red “UBIQ” terminal in 1976 to help lawyers simplify the task of searching case law. 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.
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. Let’s get into the best legal tech and tools your firm needs to start utilizing now.
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. Get free e-book Legal brilliance alone doesn't guarantee the success of a law firm.
That means you can focus on what’s most important: delivering exceptional legalservices to your clients. Rocket Matter is here to help! Get free guide How to Master Your Law Firm’s Time and Billing Lawyers have a heavy workload. Get free guide See More
Cash and accrual basis accounting are both methods for recording law firm transactions. Effective law firm accounting , which includes adopting the most appropriate accounting method for your firm, impacts financial health, growth potential, and compliance and sets you up for long-term financial success.
Setting law firm financial benchmarks may seem like an unnecessary task. Law firms are no exception. 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? Marketing benchmarks .
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