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The legal industry, in recent years, has witnessed a seismic shift towards the adoption of “flat fee billing”, an alternative to the traditional “hourly rate billing.” This trend has emerged in response to client demands for greater predictability and transparency in legal costs. T
Most businesses keenly understand the ebb and flow of seasonal cycles. Service companies like air conditioning contractors, vacation travel firms, resorts and airlines see peak business during the hot summer months, while many retailers tend to see their busiest season right around the holidays and tax attorneys and accountants see
Setting the right billing rates for your law firm is crucial for your success. It’s not just about being competitive; it’s also about ensuring profitability while considering market realities, such as prevailing rates, your firm’s reputation, and your clients’ ability to pay. In this blog, we’ll explore the key factors
An aging population, increased awareness of health risks brought on by the pandemic and concerns about inflation are prompting more Americans to consider wills, estate plans and comprehensive legal guidance for their later years. However, the majority of Americans – approximately two-thirds – have not yet prepared any form of
The key to sustainable profitability is keeping track of crucial law firm financial metrics and insights to assist in decision-making.
Despite the limited vacation time that most Americans receive, billions of dollars’ worth of paid vacation days still go unused. Even when people do manage to take time off, many find it challenging to relax fully. According to a Glassdoor survey conducted in 2022 of over 20,000 professionals, 54% expressed
In today’s rapidly evolving legal landscape, technology plays a pivotal role in shaping the efficiency, productivity and competitiveness of law firms. While a slowing economy may prompt cautious financial decisions, it can also present an opportune moment for law firms to strategically invest in technology.
With the rise of digital payment options, traditional methods like mailing checks have become less secure and more susceptible to theft. Recent statistics from the U.S. Postal Service (USPS) indicate an alarming increase in mail theft and robberies targeting mail carriers. As a result, it is important for consumers and
Recently Amy Reynolds, senior training specialist at CARET Legal, caught up with Zack Glaser, legal tech advisor & lab coach at Lawyerist to talk about what’s new at CARET Legal.
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