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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.
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.
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. In a competitive legal world, AI is a winner.
Advisory firm CEB estimates that the percentage is 40%. Small lawfirms are not immune to this trend. How many lawfirm services are in the cloud, especially today? Sometimes those outside the IT department are pretty sharp technologically — and running shadow IT operations doesn’t intimidate them.
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.
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.
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?
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.
Legaltechnology company SurePoint Technologies has acquired the legal practice management company ZenCase in a strategic move aimed at enhancing SurePoint’s practice management offerings for mid-sized lawfirms.
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.
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The rise of online payment solutions has impacted nearly every industry, shaping consumer expectations for everything from grocery shopping to high-level business operations. People aren’t just accustomed to digital payments—they actively seek them. But not all legal CRMs are created equal.
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.
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.
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Finalists have been named for the 2023 American LegalTechnology Awards , which honor exceptional achievement in various aspects of legaltechnology. Winners will be announced at a gala dinner at Gaylord Opryland Resort in Nashville on Oct. 8, the night before the Clio Cloud Conference starts at the same venue.
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 ?
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.
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.
In his keynote speech opening LEX Summit in Salt Lake City, Filevine founder and CEO Ryan Anderson emphasized platforms as the future of technology for lawfirms, criticizing the legaltechnology landscape as a fragmented and inefficient array of point solutions, and promising that Filevine will deliver firms a better way by bringing together everything (..)
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 Digital Transformation for LawFirms: A Guide to Modernizing Your Practice 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. What Is Legal Digital Transformation ?
Two trends in the legal market provide an answer: automation and utilization of legaltechnology and service providers. A host of highly practical, legal-specific do-it-yourself technologysolutions have emerged in the past few years, and many are designed and priced to meet the needs of very modest-sized practices.
For instance, per the 2024 Legal Industry Report, 75% of respondents say their firm has adopted general-use AI tools like ChatGPT to increase productivity. Read on to learn what legaltechnology is available and how you can benefit from it.
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.
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.
It is an all-too-common scenario in legal tech: A lawfirm deploys a new legal tech product, hoping to enhance the productivity and efficiency of its legal professionals, only to see it sit idle and underutilized by the very professionals it was intended to benefit.
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.
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
Since then, the industry has witnessed constant inventions and upgrades in tandem with the ever-changing needs of global legal professionals. Early-aughts witnessed a new era in legaltechnology when pioneering solutions emerged in the market. Legal AI in the early years.
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.
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.”
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.
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.
As lawfirms and legal departments expand technological capabilities, an emphasis remains on increasing efficiency while providing value. Solutions templating in a technology platform can make creating and configuring new sites more intuitive, efficient and seamless.
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.
Because many companies, including lawfirms, were unprepared for the rapid transition to remote work, it was easier for criminals to launch successful cyberattacks. When that malware is activated, all data stored on a lawfirm’s on-premises servers can be locked up and held hostage for ransom.
For contract drafting, CARET Legal offers an innovative solution. By automating the creation of standard contracts using predefined templates and specific client inputs, CARET Legal streamlines the drafting process. Predictive Power in Law Predictive analytics is a fascinating application of AI in law.
Managing an increasing volume of cases and court deadlines– sometimes in multiple jurisdictions – is one of the biggest time management challenges for lawfirms. . The firm had filed a voluntary dismissal back in 2014. The Solution: Integrated Court Rules.
The legaltechnology company Litera has acquired BigSquare , a provider of financial and business intelligence and analytics for lawfirms and corporate legal departments.
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.
Because many companies, including lawfirms, were unprepared for the rapid transition to remote work, it was easier for criminals to launch successful cyberattacks. . When that malware is activated, all data stored on a lawfirm’s on-premises servers can be locked up and held hostage for ransom.
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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