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Wayne Hassay | No-nonsense insight on how legalservice plans work and how they deliver for solo and small lawfirms. The post Unlocking the Full Potential of Your Legal Practice: How Lawyers Can Leverage LegalService Plans appeared first on Articles, Tips and Tech for LawFirms and Lawyers.
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.
Using legal data for strategic lawfirm planning is no longer reserved for BigLaw. This allows firms to find new business opportunities and better understand their real market share. This allows firms to find new business opportunities and better understand their real market share. Long-Term Trends.
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.
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. With her expertise and understanding of exactly what was needed and his developer expertise, Legal Subscribe was born.
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.
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.
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.
According to the 2025 In-House Legal Budgeting Report from Axiom and Wakefield Research, 96% of general councils said they expect “AI will meaningfully reduce costs within their legal department.” As we step into 2025, we’ll continue to experience technological evolution at an unprecedented pace that will reshape how lawfirms operate.
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. Related Posts and Resources on Legal Fees. Don’t Be Afraid to Raise Your Legal Fees. The post Adding Rush Rates for LegalServices appeared first on Attorney at Work.
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.
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.
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.
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 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.
Bob Denney was a kind, generous and insightful man who had his finger on the pulse of the legal profession like no one else. For nearly 30 years, Bob published a newsletter under the banner of “What’s Hot and What’s Not” in the legal profession. Red Hot LawFirm Marketing Trends. Deregulation of lawfirm trade names.
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.
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.
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.
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.
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.
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?
note : This is the latest in the article series, Cybersecurity: Tips From the Trenches , by our friends at Sensei Enterprises , a boutique provider of IT, cybersecurity, and digital forensics services. Bassford Remele, a Minnesota-based lawfirm, announced that it had experienced a data breach starting last summer.
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.
Contract attorneys have made it possible for legal organizations to level up their teams’ expertise without increasing headcount. . Lawfirms didn’t let the pandemic get in the way of profitability or performance in 2020. Corporate law departments made structural shifts as well.
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. Automating these tasks not only saves time, but also reduces human error.
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…
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.
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.
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.
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.
If you were to believe everything being written about legalservices today, you might think lawyer-client relationships have boiled down to one thing: legal pricing. Opening the Lines of Communication About Legal Pricing and Fees. Have good conversations upfront about the expected costs of services.
* 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.
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 are enjoying strong and steady market-based tailwinds as 2022 unfolds. These will drive another year of growth for the lawfirms who can deliver — and target the best spots. The biggest legal spenders lead the list of companies increasing spending on outside counsel. The 6 Top Growth Legal Practice Areas.
Winston & Strawn is offering its clients a lower-cost alternative to outsourced legalservices that uses attorneys trained by the lawfirm for more routine…
Learn how big tech has changed the legal industry Free Guide The Small Firms Guide to Big Tech While any change in how you operate your law office can feel overwhelming, theres never been a better time to start migrating your office structures online. Get free e-book How do you make your firm the go-to choice for clients?
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. Look for these six features when choosing a legal CRM—and put them to work for your lawfirm. Download the Infographic Now 1.
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.
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.
Some lawyers always seem fearful of increasing legal fees — recession or no recession, crisis or no crisis. The Two Biggest Reasons Lawyers Are Afraid to Raise Legal Fees. Someone has already vouched for the quality of your services. The clients looking for the cheapest legalservices don’t rely on referrals.
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