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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.
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.
Get free e-book For modern lawfirms, selecting suitable tools is no longer a matter of choice but of necessity. The right technology can automate processes, enhance output, and ensure that a legal company remains relevant in the market. Without technology, even the most basic administrative tasks eat into billable hours.
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. A hybrid work model, which allows for both in-office and remote work, is taking root in lawfirms across the country.
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.
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.
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.
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.
SXSWor as some call it, South Byis a sprawling, nine-day event (13 if you include the education-focused portion) that blends technology, music, film, media, and culture into an immersive experience. Over the years, it has morphed into a global event that brings together emerging technology, digital media, and internet culture.
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.
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.
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.
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.
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?
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.
Financial services startups have carved out niche segments for millennials, homeowners, entrepreneurs and bitcoin investors. Similarly, lawfirms are finding success by focusing on a particular industry or area of law, such as real estate, environmental law, immigration, civil litigation or a host of other specialties.
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.
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.
The post The Future of LawFirms: How to Adapt in a Changing Industry appeared first on Rocket Matter. Get free e-book What will the future of lawfirms look like in a few years? Emerging technologies are transforming every corner of the business world, and the legal industry is no exception.
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.
Technology continues to flourish in the legal community as online marketplaces provide impressive transparent legal support services to lawfirms. With newfound marketplaces, the legal industry is hesitant to accept these access-to-justice advances. Vetting of service providers. Efficiency.
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.
The job, as they see it, is to get the fee out there, and to define the scope of legalservices, 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!
The post Future-Proof Your Practice: A Guide to LawFirm Succession Planning appeared first on Rocket Matter. Is your firm prepared to handle this transition without losing clients, momentum, or revenue? According to a 2013 LawFirms in Transition Survey , the answer for most firms is usually concerning.
As a solo lawfirm, you are small but mighty — able to run a lean business operation, offer customized and competitive pricing, and outperform your BigLaw competitors through personalized legalservices delivery. Small LawFirms , the average small law attorney spends less than 60% of their time on the practice of law.
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.
The post Digital Transformation for LawFirms: A Guide to Modernizing Your Practice appeared first on Rocket Matter. Today, better and expedited access to legalservices is simply a baseline to meet, not a privilege. The answer is simple: a lack of digital transformation in lawfirms.
Technology has shaped consumer expectations in recent years, particularly as smartphones continue to evolve and digital tools become a more integral part of our daily lives. Two methods for communicating internally with intention are: Work Chat: Internal comms shouldn’t just be about the lawfirm spitting information one way.
Winners have been named for the second annual American LegalTechnology Awards , a competition launched last year to honor exceptional achievements in legaltechnology. Glenn Rawdon , program counsel for technology, LegalServices Corporation. Law Department (Friday, Nov. Startup Legal Garage.
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.
Small lawfirms generally have it pretty good, in that they’ve mostly had to compete only against other small lawfirms, that aren’t particularly innovative either , and that also don’t spend money aggressively to build their businesses. So, yes: Walmart can open lawfirms. That’s a whole new ball game.
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. Let’s talk about document automation.
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.
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 ?
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?
By leveraging the data and features provided by a robust management platform, you can make informed decisions about when and how to scale your lawfirm 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.
Did you ever sit down, watch “Shawshank Redemption,” and think to yourself: There are real lessons in here for how I should manage my lawfirm? The managing partner of a midsize San Francisco lawfirm makes her Non-Eventcast debut, in what may be our most colorful episode ever. You thought we were kidding?)
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.
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?
Lawfirm 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.
The post Next Level Strategy: How LawFirms Should be Using Google Ads appeared first on Rocket Matter. If you run a law practice and need qualified leads who are eager to find your firm, Google Ads is a great way to start. Are Google Ads right for your lawfirm?
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.
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