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Law firm business development is a balance of relationship building, increasing revenue, and cross-selling. As firms continue to grow and evolve, it’s necessary to leverage end-to-end legal practice management tools to help you accomplish all three. After reading this article, you will have a better idea of how to improve
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.
AbacusNext recently commissioned a survey of law firms’ activity and decisions about software. The results revealed that 65% of all firms selected the need to increase efficiency and build a better practice as their motivation for adopting their practice management technology. Growing focus on efficiency Legal practice management software providers
Thanks to tight timelines and a never-ending supply of sensitive information, the legal industry relies more on a dependable IT support structure than many other sectors. Moreover, as a law firm grows, its IT needs often evolve beyond what the current provider can fulfill.
Law firms are common targets of cyberattacks due to the sensitive information they obtain and store and their slow adoption of cybersecurity policies.
AbacusNext recently commissioned a survey of law firms’ activity and decisions about practice management software. The survey reveals that firms today certainly understand and appreciate the benefits of cloud technology. Well over half – 65% – of firms name improved data security as an advantage of cloud practice management. About
Due to recent events, most law firm employees and employers are re-evaluating their current positions and work environments. Overall, law firms have weathered the COVID storm better than originally expected.
Law firms that don’t adapt and, as a result, miss opportunities for growth, risk being overtaken by agile competitors who are more willing to embrace change. According to Forbes, research has shown that 38 percent of people enjoy leaving their comfort zone, while the other 62 percent don’t like to
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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