article thumbnail

How Attorneys Can Use Legal Data for Strategic Law Firm Positioning

Attorney at Work

Using legal data for strategic law firm planning is no longer reserved for BigLaw. This allows firms to find new business opportunities and better understand their real market share. But what’s even more important for law firms is to see this happening in real-time. Short-Term Trends.

Law Firms 362
article thumbnail

How to Use Data Analytics In Your Law Firm

CARET Legal

Legal analytics provides actionable insights that help optimize workflows, enhance client relationships, and boost overall firm performance. The ability to harness data analytics is rapidly becoming a key differentiator for law firms. Reducing acquisition costs while maintaining quality clients leads to more sustainable growth.

Law Firms 116
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Law Firms of All Sizes Can Easily Integrate AI Tools Into eDiscovery

Attorney at Work

That doesn’t mean, however, that law firms and litigation support teams have been quick to embrace them. In the ABA 2020 Legal Tech Survey , 23% of law firms reported not being interested in AI, while 34% said they didn’t know enough about AI to speak to their firms’ interest. AI Hesitation.

article thumbnail

Funding Growth: Are You Starving Your Law Firm?

Attorney at Work

Instead of starving your firm by pulling out all the profits, continue funding growth — and accelerating profits — by feeding your firm’s war chest. It’s hard to start a law firm. The downside of funding this extended personal spending is that you are now deferring spending in your law firm.

Law Firms 282
article thumbnail

Empower Your Firm: The Modern Guide To Litigation Financing

Litigation is expensive. Expert witnesses, depositions, staffing, and a long list of other expenses can limit your firm’s options. This guide simplifies the complex world of litigation financing and compares different models and how they can impact the access to justice your firm provides to clients.

article thumbnail

Using An LPMS for Effective Evidence Management in Litigation

CARET Legal

For litigation attorneys, effective evidence management can be the difference between winning or losing a case. Why Evidence Management is Critical in Litigation Litigation attorneys face unique pressures when it comes to managing evidence.

article thumbnail

Understanding Law Firm Profits — And What to Do With Them

Attorney at Work

Here is what you need to know about law firm profits. How Should You Divide Your Law Firm Profits? One part of your law firm profits needs to be segregated into an account that is set up as a “war chest” while the rest gets distributed to the owner or owners. As a corporate litigator.

Law Firms 262