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In poker, table stakes are the money or chips a player needs to lay on the table to be part of the game. Similarly, in a law practice, your ability to compete in legal services increasingly depends on the tools you have available to deliver excellent service to clients. In
With payments trending as such a buzz-worthy topic in the legal industry, we were excited to sit down with Ari Kaplan, attorney, author and leading legal industry analyst, to hear all about the evolution of payment options for law firms on Ari’s podcast Reinventing Professionals. Our very own General Manager
Let’s be honest: Billing and invoicing are no one’s favorite tasks. Manual processes have long made these tasks time-consuming and tedious. Nonetheless, they’re still critical to the success of any firm. Thankfully, there’s a better way, and many firms are starting to realize it. Manual processes are slowly giving way
According to a McKinsey Global Institute report, over 23 percent of a lawyer’s work can be handled by technology. In addition, half of all lawyers are already using some form of workflow automation. Legal practice management software is a valuable part of a law firm’s toolkit that will save time
Law firms have unique accounting requirements. Selecting the proper accounting system for a law firm requires an understanding of those unique requirements. For example, law firms are required by the code of ethics to account for any funds held in trust on behalf of clients.
Payment management is a critical workflow that every law practice must manage. The reality is that payment management is no longer just about invoices mailed to clients or waiting to receive payments by mail. It has evolved into something more mobile and flexible, which benefits both firms and clients.
You might hesitate to make major changes at your firm for any number of reasons. Not only do you have to choose new billing software, but your team also must learn it and fully transition into new processes. There’s nothing easy or simple about navigating change management. But you’re staring
Running a law firm is no small task. In law school, you may have thought you’d spend your hours writing pleadings and arguing in court. Now you know better. Building a successful firm means dealing with office space, technology, marketing, recruiting, finances, and more. You’ve also learned your law firm’s
In a flat fee arrangement, a law firm provides specific services to a client for a specified fee, no matter how many hours the attorneys spend performing those services. The legal fees are decided before the work is undertaken, making billing more manageable and reducing attorneys’ pressure to achieve billable
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