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Wayne Hassay | No-nonsense insight on how legalservice plans work and how they deliver for solo and small law firms. The post Unlocking the Full Potential of Your Legal Practice: How Lawyers Can Leverage LegalService Plans appeared first on Articles, Tips and Tech for Law Firms and Lawyers.
Over the past few years, many law firms have started cryptocurrency practice groups. But are these law firms accepting crypto as payment? Today many law firms accept cryptocurrency as payments. Moreover, it is still unclear whether cryptocurrency is money or property under the law. Getting Paid with Cryptocurrency.
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.
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.
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. Some other practice areas, like criminal law, may perpetually operate on a “rush” basis, and others on contingency. Related Posts and Resources on Legal Fees.
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.
Factor, a managed services company that describes itself as a provider of “integrated law” to corporate legal departments, has acquired Theory and Principle, a legal technology design and development agency, in a move intended to advance Factor’s strategic shift toward developing and delivering AI-first legalservices.
According to the DOJ, POLS is a Panamanian law firm 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.
Using legal data for strategic law firm planning is no longer reserved for BigLaw. For law firms, 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.
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 law firms operate.
The post Fully Fixed-Price LegalServices: How Your Firm Can Make the Switch appeared first on Articles, Tips and Tech for Law Firms and Lawyers. Adam Philipp | Learn how to shift from hourly billing, set fair prices, and improve efficiency. Explore our seven lessons learned.
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 Law Firms and Lawyers.
Diane is honored by LegalServices Corp – Pro Bono Service Award for establishing the Self Help Center at the Arizona Bankruptcy Court. The LSC is an independent nonprofit established by Congress in 1974 to provide financial support for civil legal aid to low-income Americans. Bankruptcy Court Self-Service Center.
A majority of New York City Council members on Monday sent a letter to Mayor Eric Adams urging him to drastically increase funding for legal aid services in the city. ” The letter, authored by Councilperson Shaun Abreu, a former tenant rights attorney, referenced several issues facing legalservices in the city.
Law firms 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.
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.
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.
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.
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. The Latest from the Legal Payments Leaders.
Sooner or later, every lawyer in solo or small firm practice asks themselves whether they should create a law firm website — or how long they can put it off. Given all the unknowns — cost, scope, disruption — they may wonder whether launching a law firm website is really necessary, especially if they already have a robust digital presence.
Contract attorneys have made it possible for legal organizations to level up their teams’ expertise without increasing headcount. . Law firms didn’t let the pandemic get in the way of profitability or performance in 2020. Corporate law departments made structural shifts as well. Profits per equity partner rose 11.5%
The post It Can Be Difficult To Estimate The Cost Of LegalServices appeared first on Above the Law. As with eating, clients are less likely to choke on the bill if it's broken up into smaller pieces.
The post Giuliani Generously Offers His LegalServices To House Impeachment Squad appeared first on Above the Law. Because I'm good enough, I'm smart enough, and doggone it, people like me.
In Season 9, Episode 5 of “Notes to My (Legal) Self,” I had the privilege of sitting down with Robert Hanna, a passionate advocate for legal talent solutions and community building in the age of AI. Watch the full conversation here: Crafting The Next-Gen Legal Community. Enhanced Networking. Career Pathing Tools.
As a solo law firm, 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 Law Firms , the average small law attorney spends less than 60% of their time on the practice of law.
Artificial intelligence tools have become prevalent in legal practice, particularly in eDiscovery. That doesn’t mean, however, that law firms 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 Law Firms 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 law firms to re-engineer their legacy economic model.
Getty Images Legal Operations has evolved into a vital strategic function, helping in-house legal teams navigate todays increasingly complex business landscape. By working together, GCs and Legal Ops leaders can ensure that legal departments are not only efficient but also proactive, business-aligned, and future-ready.
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.
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 law firms. First, Why Is Social Media Important for Law Firms?
The post Biglaw Firm Launches Low-Cost Option For LegalServices appeared first on Above the Law. ‘Biglaw’ and ‘low cost’ aren't usually in the same sentence.
Law specialization has become increasingly common — almost a necessity. . Abraham Lincoln, licensed to practice law in 1837 in Illinois, may be the archetypal general practice attorney. The Lincoln Legal Papers Project identified over 5,600 cases and nearly 100,000 documents related to Lincoln’s law practice.
Depending on your point of view, there’s either lots new or “not so much” new with law firm ownership. In a nutshell, it says that lawyers must own law firms. 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.
Winston & Strawn is offering its clients a lower-cost alternative to outsourced legalservices that uses attorneys trained by the law firm for more routine…
The community rightly expects, and the rule of law requires, a justice system that is safe and accessible, yet we heard time and again from people who did not trust the system enough to engage in the first place or were let down when they did. ” The federal government is yet to respond to the report’s 64 recommendations.
The post How Generative AI Will Improve LegalService Delivery appeared first on Above the Law. Learn how emerging tools will likely change and enhance the work of lawyers for years to come in this new report.
If your marketing strategy is not getting your law firm the search rankings or lead conversions you strive for, it may be time to reevaluate. As an attorney, you can use thought leadership as part of your marketing strategy to express your opinions, share your knowledge and experience and showcase your legalservices to potential clients.
With many rural areas facing an aging bar association and struggling to provide adequate legalservices, small firms could step in to provide solutions. The post Small Firms, Small Towns: Bringing LegalServices To Rural Communities appeared first on Above the Law.
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 Law Firm Marketing Trends. Deregulation of law firm trade names.
But, really, it’s the law firms that can accommodate the most work, that make the most money. What really separates the law firms that make the money versus those that don’t (make as much of the money ) is how many widgets they can make. It turns of those questions about widget-making weren’t just built for law firm hypotheticals.
Here’s how to turn law firm hiring and retention challenges to your advantage. Law firms are no exception. As Lawyers Seek Greener Pastures, Talent Retention Becomes Law Firms’ Top Concern. Aderant’s soon-to-be-released Business of Law Survey found that 56% of law firms named talent retention as their number one challenge.
The difference today is that the remote or hybrid work models being discussed affect the entire law firm 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 law firms across the country. Now we just call them lawyers.)
If you are looking for ways to improve your law firm’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. Brand awareness and trust are crucial factors when someone chooses a law firm.
Legal directories are online platforms where attorneys and law firms 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.
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