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The goal of all law firms is to be profitable, but achieving that goal can be difficult for some lawyers. Generating income is, obviously, the first step towards making a profit; of course, income can only be generated if billable hours are accurately recorded and invoiced to clients, and if
Picture this: a new client retained the firm, timely work was performed, invoices were prepared and sent to the client and yet those invoices remain unpaid. Sound familiar? Many law firms have very high accounts receivable balances that are aged over 120 days and these high and aged invoices directly
The implementation of law firm cybersecurity best practices has become a top priority for law firms of all sizes.
In most law practices, a qualified professional can predict the costs associated with operating a firm relatively accurately. Most expenses are easily forecasted including salaries, facilities and technology. However, revenue is a bit more difficult to predict.
With cybersecurity threats on the rise, it is imperative that firms proactively improve internal and external security protocols. Keeping confidential information and sensitive client data secure means extending such protocols to each software vendor.
Legal professionals use a wide variety of tools and methods for tracking time spent on billable matters. Some are sophisticated, while others are more problematic and error-prone; for example, lawyers who use giant spreadsheets that are updated at the end of each day or week or sticky notes to jot
Convince your firm that investing in digital transformation is not just a good idea, it’s a necessity. Here are some common concerns preventing law firms from pursuing digital transformation.
Law firms excel at building and executing processes at all stages of the client lifecycle — client intake, running conflict checks, opening new matters, date docketing, and more. These administrative tasks can take up a substantial part of an attorney’s day. But, law firm automation systems can be leveraged to
Legal document assembly software helps firms automate everything from intake to invoice — and gives your firm the best opportunity to thrive.
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