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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.
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. Inefficiency brings a host of problems for lawyers.
For lawfirms, streamlined, effective legal billing software is incredibly important. Enter modern legal billing software. It ensures that your firm’slegal billing processes are efficient and accurate by reducing the steps needed to invoice clients and accept online payments. Hurdle 5: Disparate Solutions.
Why are SIEMs for lawfirms is important? In the simplest terms, it's a security solution that detects threats before your firm is impacted. The post What the Heck Is a SIEM and Why Do LawFirms Need Them? Here’s Your Primer appeared first on Articles, Tips and Tech for LawFirms and Lawyers.
The first problem with cautioning lawyers about the dangers of “shadow IT” is that most of them have no earthly idea what it is. Once lawyers understand the definition, they generally say that everything is within the control of their IT department. Advisory firm CEB estimates that the percentage is 40%.
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.
What do lawfirm CRM systems do — and do you really need one? Clients are the lifeblood of your law practice. That’s why many firms have adopted client relationship management (CRM) solutions to help improve relationships with current clients, attract new ones and transform the way they do business. Is it worth it?
As guardians of clients’ personal and confidential information, legal professionals face an array of complex risks that can be difficult to navigate in such a volatile environment. The good news is that legal tech programs can prove valuable in helping you manage and protect your law practice. Data Security Is Top Priority.
During the past two years, the pace of tech adoption quickened as firms moved to automate their practices for remote work and virtual practice. We wondered what tools or initiatives small firms might open their wallets for this coming year. Your incremental new tech solutions can get you to your next level, without breaking the bank.
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The post Complete Practice Management Solution Now in Tabs3 Cloud appeared first on Articles, Tips and Tech for LawFirms and Lawyers. Take your practice to the next level with the addition of PracticeMaster practice management software. Fully integrated with Tabs3 Billing and Tabs3 Financials.
Abacus Payment Exchange (APX) is a proprietary tool that has been built from the ground up and engineered exclusively for lawfirms. If queried, most lawfirms would point to March of 2020 as the point in time that everything changed. APX is a unique offering to the legal community in many ways.
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 lawfirm. The benefits of such software are numerous.
Product Spotlight | CosmoLex NextGen is designed for attorney-operated firms who need a seamless, end-to-end practice management solution. The post Tired of Juggling Multiple Tools to Manage Your LawFirm? appeared first on Articles, Tips and Tech for LawFirms and Lawyers.
Trust accounting is a critical but often overlooked aspect of financial management for many lawfirms. 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.
While your time in law school gave you a strong legal foundation, chances are you didnt learn much about the numerous lawyer tools that can simplify your job. For instance, marketing may not seem essential when youre pontificating about substantive issues in law school. Technology for lawyers has several benefits.
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 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.
Theyre structured around vendors showcasing their latest products, and while there are educational sessions, the core focus is technology demonstrations and sales pitches. Companies showcase the latest gadgets, AI-powered solutions, and futuristic concepts that are on or will soon hit the market. the real raison detre is products.
The post How to Grow Your LawFirm: 10 Strategies for Sustainable Success appeared first on Rocket Matter. Big tech changed the game in how we run our everyday lives, so stay up to date with the latest available software solutions to keep clients happy. The question is, whats the best way to grow your lawfirm ?
Integrated accounting software is a vital tool for modern law practices. This software understands how lawfirms work and can make daily accounting workflows and overall client and financial management more efficient. For lawfirms, however, this increases labor and operational costs.
Managing an increasing volume of cases and court deadlines– sometimes in multiple jurisdictions – is one of the biggest time management challenges for lawfirms. . A Tennessee lawyer was suspended and put on probation after failing to file a personal injury case. The firm had filed a voluntary dismissal back in 2014.
The 2020 ABA TechReport survey results show that the number of firms experiencing a security breach increased over the prior year; 29% of respondents compared to 26% in 2019. You’ll hear many lawyers say, “Our practice is too small to get hacked.” But the truth is, lawfirms of all sizes (yes, solos too!)
Lawyers must be able to be strong advocates for themselves, as well as their clients. The legal field is known to be extremely competitive. Lawyers are often smart, ambitious, and highly educated. That being said, what does it take to stand out and become a “Top Lawyer” in your specific field of law? My heart sank.
But, with so many products coming online, what should small firms know before they buy? Assembly Legal’s McKay Ferrell explains some common misunderstandings so you can better evaluate the options. . It’s not true that small lawfirms can’t compete with bigger firms. Fortunately, this is not the case.
Last fall, Wolters Kluwer released the sixth annual installment of the Future Ready Lawyer report. Time has flown and the legal profession has moved just as quickly, if not faster. Consider the inaugural 2019 survey that asked 700 lawyers across the U.S. Last year, I suggested the Future Is Now when it comes to legaltechnology.
Lawfirms aren’t e-commerce businesses, but the way consumers shop for a lawyer doesn’t have to be any different from how they shop for anything else online. Here’s how your lawfirm can borrow the best from e-commerce and position itself to attract and serve more clients. An estimated 1.92
Managed service providers can provide small firms with the technology strategies and solutions usually reserved for large firms with in-house IT teams. Starting or joining a small firm is often a wake-up call for those accustomed to the resources available at more established organizations. MSP Services and Costs.
Each year, the team at Lawyaw talks to thousands of legal professionals who are looking for solutions to the myriad challenges of practicing law in the 21st century. The survey found that technology-leading firms were almost 3x more likely to have increased profitability during the past year compared to tech-trailing firms.
LAWCLERK , an online marketplace where attorneys and lawfirms can hire freelance lawyers and virtual associates, is expanding its hiring options today with the launch of its Hourly Associate program, designed to allow lawfirms to hire freelancers on a more-flexible hourly basis rather than by a discrete project or longer-term subscription. .
MyCase , a long-standing case management software provider, has established itself as an effective all-in-one solution for lawfirms, jam-packed with in-house features. Now, in step with the growth of the legal tech space overall, the MyCase universe is beginning to expand. to its stable. integration and that Smith.ai
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 lawfirms on digital marketing and growth strategies through her company Law Quill. Read the full article here.
Last month, we announced the launch of the LawNext LegalTechnology Directory , which we hope will become the most trusted source of legal tech products in the market. ” Wolters Kluwer Passport , “legal spend, matter management, and insurance claims defense applications connect every part of your legal ecosystem.”
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. Since then, the industry has witnessed constant inventions and upgrades in tandem with the ever-changing needs of global legal professionals.
As the pandemic begins to recede and we move into the “new normal,” cybersecurity is top of mind for most lawyers. Because many companies, including lawfirms, were unprepared for the rapid transition to remote work, it was easier for criminals to launch successful cyberattacks. The cloud saves the day.
Embedding innovation into a lawfirm’s culture requires a deliberate and strategic approach. Innovation in lawfirms is essential for enhancing client satisfaction, improving profitability, and staying competitive. Embedding innovation into a lawfirm’s culture requires a deliberate and strategic approach.
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 lawfirms to manage and measure their pro bono programs.
This week’s news of the lawyers whose reliance on ChatGPT led them to file fabricated cases in federal court only underscores the fact that it sometimes feels like the Wild West out there as generative AI gallops onto the legal landscape. Build and configure API-driven solutions in a few clicks.
Ari Kaplan interviews speaks with Laura Leopard of Leopard Solutions, a lawfirm data platform and a SurePoint company. The post How the Selection of Outside Counsel Is Changing appeared first on Articles, Tips and Tech for LawFirms and Lawyers.
Lawcus Review: Lawcus has aggressively cross-pollinated lead and client management features across a single platform for lawfirms. . Even at this late date, the market is inundated with productivity (client management) options, while few marketing (lead management) tools built for lawfirms are available.
In 2024, improving lawfirm efficiency is as important as ever as firms continue to face increasing pressure to improve performance, deliver services efficiently, and reduce costs. Lawfirms that fail to adopt strategies to improve efficiency risk falling behind their competitors.
Throughout the pandemic, lawyers have worked remotely, and as a result, cybersecurity has been top of mind for most lawyers. Because many companies, including lawfirms, were unprepared for the rapid transition to remote work, it was easier for criminals to launch successful cyberattacks. . By Nicole Black .
The legaltechnology company Litera has acquired BigSquare , a provider of financial and business intelligence and analytics for lawfirms and corporate legal departments.
Litera’s strategic vision — sometimes more like a mythic quest — involves building the ultimate end-to-end lawfirm software empire and the company is always on the lookout for providers offering unique technologies that fit into the overall mosaic. Or, at the very least, fewer tabs open in Chrome.
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