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Over the past few years, many lawfirms have started cryptocurrency practice groups. But are these lawfirms accepting crypto as payment? Still, cryptocurrency has risks, so make sure you have a clear understanding of cryptocurrency and how your firm can accept crypto payments. Getting Paid with Cryptocurrency.
It happens from time to time, when a third party pays for the legalservices of another. Theres just a lot of potential for undue influence here; when someone pays for legalservices, theyll likely feel like they can co ntrol the representation but, thats just not how it goes.
Sooner or later, every lawyer in solo or small firm practice asks themselves whether they should create a lawfirm website — or how long they can put it off. Maybe you have started by claiming a free Google business profile for your lawfirm and using social media to connect with potential clients.
As an ethics attorney, I am frequently asked about the ethics of subscription legalservices. Here is my story of how the practice hatched from an idea to a full-fledged service line. The post Launching a Subscription-Based LegalServices Program for My LawFirm appeared first on Attorney at Work.
Using legal data for strategic lawfirm planning is no longer reserved for BigLaw. For lawfirms, it’s critical to gather intelligence about real-time trends that are creating sharp and sudden changes as well as longer-term trends affecting the overall health of your markets. Long-Term Trends.
With the right strategy, you can build your brand authority while establishing relationships with potential clients and other legal professionals. Since implementing a successful social media strategy can take some trial and error, here are some basic social media tips for lawfirms. Nearly four billion people use social media.
As more states are allowing lawfirms to use trade names instead of maintaining the outdated requirement that firms be named after current or former partners, you may be considering rebranding your firm. Wait for the State to Approve Your LawFirm Trade Name 6. Call the Bank Again 7.
The difference today is that the remote or hybrid work models being discussed affect the entire lawfirm ecosphere — beyond the partners to the business professionals and support staff. As firms make plans to return to the office in the coming months, many are looking to adopt remote work 20% to 50% of the time.
Depending on your point of view, there’s either lots new or “not so much” new with lawfirm ownership. In a nutshell, it says that lawyers must own lawfirms. But critics contend the rule contributes to low innovation and the high cost of services and is a considerable factor in the country’s access to justice problem.
The post Fully Fixed-Price LegalServices: How Your Firm Can Make the Switch appeared first on Articles, Tips and Tech for LawFirms and Lawyers. Adam Philipp | Learn how to shift from hourly billing, set fair prices, and improve efficiency. Explore our seven lessons learned.
A LegalServices Network, or an LSN, can open new paths of revenue while introducing your firm to great lawyers from abroad. The post How a LegalServices Network Drives Sustained Global Growth appeared first on Attorney at Work.
Artificial intelligence tools have become prevalent in legal practice, particularly in eDiscovery. That doesn’t mean, however, that lawfirms and litigation support teams have been quick to embrace them. Despite their benefits, many legal organizations have been hesitant to implement AI tools. AI Hesitation.
Virtual lawfirm status has worked out so well for some firms, they’re making the switch permanent. Virtual Firms Aren’t Always 100% Remote. While the term “virtual” lawfirm may sound like everyone works 100% remotely, it’s not about where you are working. Should you?
I lack both the breadth and depth of his knowledge and tend to more narrowly focus here on lawfirm marketing and its regulation. Red Hot LawFirm Marketing Trends. The first wave of lawfirm marketers were often high-performing administrative staff. Deregulation of lawfirm trade names.
How can you keep good people from leaving your firm — quietly or otherwise? Here’s how to turn lawfirm hiring and retention challenges to your advantage. Lawfirms are no exception. As Lawyers Seek Greener Pastures, Talent Retention Becomes LawFirms’ Top Concern. Flip the Script on Geography.
If your marketing strategy is not getting your lawfirm the search rankings or lead conversions you strive for, it may be time to reevaluate. Here’s how building a thought leadership strategy can help your firm reach its goals. Developing yourself or your firm as a thought leader takes time.
As lawyers, we are in a service industry. However, I suspect most of us did not sign up to be on call to provide legalservices 24-7. The post Adding Rush Rates for LegalServices appeared first on Attorney at Work. I’ll admit I’m a bit neurotic and controlling. Getting the Fee You Deserve.
If you are looking for ways to improve your lawfirm’s online presence, one strategy is to get more five-star Google reviews. Even if your clients are satisfied with your legalservices, it can be challenging to get them actually to leave a review. Visitors to your website are likely looking for legalservices or advice.
In our forthcoming Spring 2025 publication, Fighting the Hypothetical: Why LawFirms Should Rethink the Billable Hour in the Generative AI Era, [1] we hypothesize that Generative AI (GenAI) technology will change forever how legalservices are delivered and will force lawfirms to re-engineer their legacy economic model.
According to the DOJ, POLS is a Panamanian lawfirm that offers services with respect to organizing entities and creating offshore financial accounts to help conceal assets and avoid taxes. In exchange for such disclosure, the OVDP imposes a one time penalty. The OVDP was introduced in 2012 and was terminated in September 2018.
LLMs and generative AI are revolutionizing text generation and comprehension, and the legal industry is feeling their impact. The post How LLMs and Generative AI Can Transform LegalServices appeared first on Articles, Tips and Tech for LawFirms and Lawyers.
Tower Legal CEO Leslie Firtell says contract staffing will grow in importance this year. The post Contract Staffing: 3 Ways ALSPs Can Support Your LawFirm in Uncertain Times appeared first on Attorney at Work.
Elevate, a nonlawyer-owned alternative legalservices provider, has been approved to operate in Arizona in tandem with an integrated lawfirm, the company announced…
Biglaw firms that haven't entered the ALSP market might want to get a move on. The post As LawFirms Start Layoffs, Alternative LegalServices Providers Grow Like Gangbusters appeared first on Above the Law.
* Will the rest of the Big 4 follow KPMG's lead into legalservices? American Lawyer ] * Associates getting squeezed by new firm hiring model. [ Reuters ] * Rare three-way lawfirm merger. Philadelphia Business Journal ] * Lawfirm mergers are still all the rage, but don't overlook the lawfirm alliance model.
Get free e-book How do you make your firm the go-to choice for clients? The answer lies in your lawfirm branding. A lawfirms brand is an identity that communicates your expertise, builds trust, and sets you apart from competitors. What does your firm stand for? Heres how: 1. Who do you serve best?
But not all legal CRMs are created equal. Look for these six features when choosing a legal CRM—and put them to work for your lawfirm. Download the Infographic Now 1. Implement an effective design and layout A clean, easy-to-navigate interface can establish trust and demonstrate professionalism within seconds.
As we step into 2025, we’ll continue to experience technological evolution at an unprecedented pace that will reshape how lawfirms operate. The continuous evolution of legal technology is not just a trend; it’s a fundamental shift in how legalservices are delivered, managed, and experienced.
The Arizona Supreme Court has approved the first three entities to be licensed as alternative business structures, enabling businesses owned by non-lawyers to deliver legalservices under the liberalized licensing rules the court approved last August. The two principles are Kent Phelps, an Arizona lawyer since 1996, and Jeffery B.
The post 4 Common Challenges LawFirm Workflow Management Can Solve appeared first on Rocket Matter. Worse, they often pull legal practitioners away from the actual billable work leaving the firms revenue at peril. LawFirm Workflow Management : How Can Automation Help Attorneys?
Legal directories are online platforms where attorneys and lawfirms showcase their expertise, credentials, and services. These directories serve as a vital resource for potential clients seeking legal help, offering quick access to detailed attorney profiles categorized by practice area, location, and reviews.
Winston & Strawn is offering its clients a lower-cost alternative to outsourced legalservices that uses attorneys trained by the lawfirm for more routine…
In the legal world, this means developing a narrative around your firm that builds feelings of attachment, emotional investment and a strong connection with your target clients. For all businesses, but especially lawfirms, it’s important to gain the trust of your target audience. Storytelling Builds Trust.
The post 4 Common Challenges LawFirm Workflow Management Can Solve appeared first on Rocket Matter. Worse, they often pull legal practitioners away from the actual billable work leaving the firms revenue at peril. LawFirm Workflow Management : How Can Automation Help Attorneys?
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. How Your Firm Benefits from ClientCredit.
A lawfirm answering service manages client calls and website live chats on behalf of a lawfirm by answering, addressing, and forwarding calls and communication as needed. Think of it like a legal virtual receptionist. With legal answering services and virtual receptionists, lawfirms can lighten the load.
But, really, it’s the lawfirms that can accommodate the most work, that make the most money. What really separates the lawfirms that make the money versus those that don’t (make as much of the money ) is how many widgets they can make. Ah, the Gilded Age, indeed. Lawyers often think it’s pricing, that makes them money.
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 ?
It would be wise for legalservice communities to navigate the complexities of AI/ML with a nuanced approach that balances innovation and caution. The post Securing The Use Of Artificial Intelligence And Machine Learning In LegalServices appeared first on Above the Law.
Lawfirms of all sizes are feeling pressure to meet client demand for both tailored services and greater efficiencies in this rapidly changing industry. Legal teams are being pressed to control costs and better respond to changing regulatory and risk management obligations. Increasing law practice specialization.
Technology continues to flourish in the legal community as online marketplaces provide impressive transparent legal support services to lawfirms. Marketplaces are the ultimate way for legal support services to improve systems with unique and time-saving features. Vetting of service providers.
The legal industry is steeped in tradition and established processes. While they will continue to serve lawyers and lawfirms, modern clients demand innovation. Lawfirm innovation must become a foundational part of your business strategy if you want to thrive in the legal environment of tomorrow.
Legal consumer habits are shifting under the feet of attorneys ; and , lawfirms, rooted in tradition, are feeling the pressure to reduce prices and overhead, while increasing service. Lawfirms responding to these pressure points are doing so in a number of ways.
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