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In the legal profession, every minute counts. Traditionally, attorneys have relied on billable hours charts to account for their time. However, in today’s modern era, these methods are increasingly seen as outdated. As the industry evolves, there’s a growing need for a more efficient and accurate alternative to conventional billable
Did you know that, according to a report by Zero, 85% of timekeepers spend one or more hours per workday drafting documents? Or that 59% spend five or more hours per week classifying and filing emails? These are critical hours that could have been allocated towards more meaningful revenue-generating tasks.
A top priority for law firms is to use technology for improving productivity, with 46% ranking it as a significant need to meet client demands. Cloud-based law firm management software provides law firms with numerous advantages, including streamlined operations, increased efficiency, reduced costs, and improved communication between clients and internal
For years, law firms have turned to outsourcing law firm administrative support as a strategy to streamline operations. But as we’re about to dive into, there’s a game-changing, cost-saving alternative that’s changing the way law firms operate.
Managing a law firm chart of accounts and general ledgers involves numerous transactions, strict regulatory requirements, detailed reconciliation needs, and accurate financial reporting. However, the process doesn’t have to be as complex as it often seems. Let’s take a look at some practical advice and strategies to simplify the creation
When it comes to managing legal trusts, accuracy is non-negotiable. Specialized legal trust accounting software provides a distinct edge with its automation capabilities. It’s essential to recognize the importance of legal trust accounting software and its reputation for precision, which solidifies its position as one of the most reliable tools
One of the most time-consuming tasks for legal professionals is creating case briefs. However, with the right tools and strategies, this process can be significantly streamlined. In this blog post, we’ll guide you through creating automatic case brief templates in practice management software, using CARET Legal’s features to provide context.
Law firms should be continuously exploring innovative methods to reach out to potential clients while retaining their existing ones. One method is to use email marketing to nurture clients who’ve engaged with you but haven’t secured your services. Strategic (never spammy) email marketing can establish trust and authority while providing
The ethical management of client funds is a pivotal responsibility that falls on the shoulders of lawyers. Two key instruments that lawyers use to manage these funds are client trust accounts and Interest on Lawyers Trust Accounts (IOLTAs).
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