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When a law firm hires an attorney from another firm, certain challenges need to be addressed. It is prudent to address these issues prior to day one, before the lateral attorney becomes an entrenched member of the firm. It is equally important to recognize that each attorney is unique and
Poor access to adequate legal technology has been cited as a key reason for law firm turnover. Learn how your firm can avoid this.
How automated is your law office payment processing? The longer an invoice lingers unpaid, the less likely it ever will be paid.
The key to growing and thriving in real estate law is to stay on top of these changes and to leverage practice management tools in overseeing client activity, communications and cases. Here are some of the important changes happening in real estate law that may signal opportunity for your firm.
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.
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