NCBA Law Practice Management Blog

FEBRUARY 25, 2024

Now, this wasn’t always a thing; but, as of now: law firms in any jurisdiction of the United States can utilize ‘trade names’. What that effectively means is that, so long as you don’t choose a name that’s misleading, you can select a brand name for your law. Unless your law firm is winding up; then, don’t waste your time.

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JURIST

JULY 30, 2021

According to the DOJ, POLS is a Panamanian law firm 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.

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MyCase

JULY 22, 2024

Law firm productivity relates to a firm’s overall efficiency, a key factor in profitability. A productive law firm uses minimal resources to complete essential tasks accurately. Productivity optimization can improve law firm profitability, client satisfaction, and workplace morale.

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CARET Legal

SEPTEMBER 16, 2024

Embedding innovation into a law firm’s culture requires a deliberate and strategic approach. Innovation in law firms is essential for enhancing client satisfaction, improving profitability, and staying competitive. Embedding innovation into a law firm’s culture requires a deliberate and strategic approach.

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NCBA Law Practice Management Blog

APRIL 5, 2022

But, really, it’s the law firms that can accommodate the most work, that make the most money. What really separates the law firms 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.

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CARET Legal

OCTOBER 25, 2024

Law firm growth depends on various factors, including the effective use of technology, delivering exceptional client service, and targeted legal business development. competitive legal landscape. For firms looking to expand, adopting modern strategies for growth is crucial.

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CARET Legal

JULY 23, 2024

However, law firms often find themselves grappling with the challenge of balancing data security with operational efficiency. In this blog post, we will explore the limitations of traditional data collection methods and how legal practice management systems (LPMS) can revolutionize the way law firms handle information collection.

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Cenza

JANUARY 27, 2023

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

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Above The Law

MARCH 20, 2024

The post How Generative AI Will Improve Legal Service Delivery appeared first on Above the Law. Learn how emerging tools will likely change and enhance the work of lawyers for years to come in this new report.

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CARET Legal

JULY 5, 2024

By leveraging the data and features provided by a robust management platform, you can make informed decisions about when and how to scale your law firm for sustainable growth. Before scaling, it’s essential to assess the market demand for your services. It is not just about growing bigger, but about growing smarter.

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Attorney at Work

JULY 19, 2021

As an ethics attorney, I am frequently asked about the ethics of subscription legal services. Here is my story of how the practice hatched from an idea to a full-fledged service line. The post Launching a Subscription-Based Legal Services Program for My Law Firm appeared first on Attorney at Work.

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NCBA Law Practice Management Blog

MARCH 24, 2022

Small law firms generally have it pretty good, in that they’ve mostly had to compete only against other small law firms, that aren’t particularly innovative either , and that also don’t spend money aggressively to build their businesses. So, yes: Walmart can open law firms. That’s a whole new ball game.

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CARET Legal

SEPTEMBER 16, 2024

Embedding innovation into a law firm’s culture requires a deliberate and strategic approach. Innovation in law firms is essential for enhancing client satisfaction, improving profitability, and staying competitive. Embedding innovation into a law firm’s culture requires a deliberate and strategic approach.

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Above The Law

JUNE 20, 2023

With many rural areas facing an aging bar association and struggling to provide adequate legal services, small firms could step in to provide solutions. The post Small Firms, Small Towns: Bringing Legal Services To Rural Communities appeared first on Above the Law.

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LawSites

MAY 7, 2021

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 legal services under the liberalized licensing rules the court approved last August. The two principles are Kent Phelps, an Arizona lawyer since 1996, and Jeffery B.

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InHouseBlog

JANUARY 17, 2023

Law firm rate hikes have caused shock and awe in corporate legal departments from time immemorial. The latest rounds have been a doozy, especially taking into consideration macroeconomic trends and a shift in leverage from client to firm.

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CosmoLex

NOVEMBER 8, 2024

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 law firm. 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.

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NCBA Law Practice Management Blog

APRIL 24, 2022

The job, as they see it, is to get the fee out there, and to define the scope of legal services, as quickly as possible – so that the client will sign off, and so that the lawyer can go back to what they really want to do, which is to practice substantive law. Add a Client Communications Clause. We can help!

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Rocket Matter

SEPTEMBER 24, 2024

Get free e-book Efficient billing is crucial for the smooth operation and profitability of any law firm. LEDES billing offers a solution by providing a standardized approach to legal invoicing, enhancing accuracy and consistency. LEDES, pronounced as "leeds," stands for Legal Electronic Data Exchange Standard.

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Attorney at Work

JULY 5, 2022

Over the past few years, many law firms have started cryptocurrency practice groups. But are these law firms 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.

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LawSites

FEBRUARY 7, 2023

Last week, Documate , the no-code document automation platform, rebranded as Gavel , a move designed to better reflect the company’s mission to become the platform of choice for legal professionals and legal organizations wanting to “productize” the delivery of legal services by packaging services as online legal products.

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LawSites

JANUARY 9, 2024

The Thomson Reuters Institute, in its 2024 Report on the State of the US Legal Market , released today in partnership with the Center on Ethics and the Legal Profession at Georgetown Law ( whose URL returns a page not found), uses Pan Am’s story to drive home a simple point for U.S. law firms: Innovate or die.

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CARET Legal

MARCH 27, 2024

As a boutique law firm, your specialized legal services have undoubtedly carved a unique space within the legal landscape. However, the administrative tasks integral to managing a small or specialty law firm can often pose significant challenges. Enter practice management software.

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CARET Legal

MARCH 13, 2024

In 2024, improving law firm efficiency is as important as ever as firms continue to face increasing pressure to improve performance, deliver services efficiently, and reduce costs. Law firms that fail to adopt strategies to improve efficiency risk falling behind their competitors.

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LawSites

MAY 19, 2023

Transforming your law practice to go fully virtual requires careful planning and the right tools, says Annette Choti, a lawyer for more than two decades who now advises law firms on digital marketing and growth strategies through her company Law Quill.

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LawTechnologyToday

AUGUST 16, 2021

Technology continues to flourish in the legal community as online marketplaces provide impressive transparent legal support services to law firms. Marketplaces are the ultimate way for legal support services to improve systems with unique and time-saving features. Vetting of service providers.

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LawSites

JANUARY 10, 2024

In a marriage of pro bono platforms, Paladin , a company whose platform connects lawyers with opportunities to provide free legal help, has acquired Pro Bono Manager , a product developed by Pro Bono Net to enable large law firms to manage and measure their pro bono programs.

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Attorney at Work

SEPTEMBER 2, 2022

Sooner or later, every lawyer in solo or small firm practice asks themselves whether they should create a law firm website — or how long they can put it off. Maybe you have started by claiming a free Google business profile for your law firm and using social media to connect with potential clients.

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My Shingle

MARCH 17, 2022

Once a novelty, subscription legal services are fast becoming a growing trend, with many law firms giving serious consideration to offering subscription services. You could…

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Rocket Matter

OCTOBER 15, 2024

Get free e-book When considering how to grow a law firm and the investment in technology that today’s expanding digital landscape needs, statistics put everything into some sort of perspective. Technology is already reshaping the way legal services are delivered and managed.

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NCBA Law Practice Management Blog

JULY 8, 2020

Legal consumer habits are shifting under the feet of attorneys ; and , law firms, rooted in tradition, are feeling the pressure to reduce prices and overhead, while increasing service. Law firms responding to these pressure points are doing so in a number of ways.

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JURIST

MARCH 22, 2023

This dispatch is from Samar Veer, a third-year law student at National Law University, Delhi. In a major departure from longstanding policy , the Bar Council of India (BCI) last week issued a notification permitting foreign law firms and foreign lawyers to advise clients on broad foreign law and international arbitration issues.

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Law 360

MAY 21, 2024

The legal market expanded more tentatively in 2023 than in previous years amid a slowdown in demand for legal services, especially in transactions, an area that has been sluggish but is expected to quicken in the latter half of the coming year.

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LawSites

APRIL 5, 2023

From appointment reminders to case updates, here are the six types of emails that ensure you’re providing top-notch service to your clients. Email communications are a cornerstone of running a modern law firm. According to the American Bar Association, 41% of law firms use email marketing. once a month).

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MyCase

JUNE 27, 2024

In this article, we’ll explore the foundational aspects of law firm spend management. We’ll cover: What spend management is How law firm spend management systems can benefit your practice What to look for when choosing the right law firm spend management software for your business. What is Spend Management?

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Rocket Matter

JULY 25, 2024

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. Consider a seasoned litigator who excels in the courtroom—their legal acumen is undoubtedly impressive.

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Attorney at Work

OCTOBER 16, 2022

As more states are allowing law firms 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 Law Firm Trade Name 6. Call the Bank Again 7.

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