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Knowing how to determine what factors have the most impact on your financial health requires a solid law firm profitability analysis strategy. The invaluable insights this process produces will ensure that every ounce of your energy is helping you maximize your firm’s profits. But, remember: realization and profitability are not
Without legal project management software, it’s difficult for a firm to sustainably deliver high customer experience and service quality.
All organizations – particularly those that outsource crucial business operations to third-party technology businesses and SaaS companies – must ensure that their data is handled properly, protecting customers from data theft, extortion, and malware attacks. Service Organization Control 2 (SOC 2) provides a framework to help stakeholders ensure that vendors
How can you avoid wasting time at your firm? The answer lies in implementing the right time tracking and billing technology.
With law firms already having to address the needs of remote workers, now is the time to move off of legacy systems and modernize.
Integrated legal practice management (PM) help today’s multi-practice law firms leverage digital transformation efforts to the best effect.
Immigration law firms are preparing for a massive influx of cases as the U.S. has seen a major uptick in immigration activity since the beginning of the year. If you handle immigration work, you should be prepared to see your caseloads as much as double as the year plays out.
Law firm leaders understand the concept and importance of profitability. Nevertheless, in many practices, expenses and revenue are not reviewed on a regular basis. While your firm may be focused on other aspects of maintaining business, it is imperative that steps are taken to ensure your firm continuously reviews its
By keeping in touch with your network and actively building new connections, you’ll move closer and closer to potential clients. A larger, stronger network increases opportunities for new client referrals. If your firm’s referrals have declined, it may be time to review your marketing and networking efforts.
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