Law firms work with dozens, or even hundreds, of different vendors each month. Without the right tools, tracking all of the contracts, invoices and tax information for these companies can be a full time job. CARET Legal’s robust vendor management tools help firms efficiently manage all invoices and outgoing payments (including the ability to cut checks and even associate expenses with a matter). CARET Legal's dedicated Vendor Reports provide a holistic view of all payments, outstanding balances, expenses to be passed along to a matter and tax information.

Global Workplace Analytics predicts that approximately 30 million U.S. employees will regularly work from home within the next two years, which is six times more than before the COVID-19 pandemic. Remote work is now commonplace, and will remain so for quite some time. With the increase in employees working remotely, law firm leaders have become even more concerned about keeping employees engaged in their work. While there is no one-size-fits all solution, mentorship programs can help. Mentorship has long been a staple in most firms, and while it’s more logistically challenging these days, it’s never been more critical to employee engagement and professional development.

As a lawyer, you start off your work day by checking your emails. You see one regarding a task that needs to be done, so you forward the message to your legal assistant. You then receive a reply with questions regarding the task. You reply, and so begins a long email thread. A week later, you’ll add to that thread when you inquire as to the status of the project. It’s an all too common, wildly inefficient, scenario that plagues legal teams.

It’s becoming more and more difficult to stay current with all the cybersecurity threats that individuals and businesses face. The “bad guys” are focusing not only on accessing data, but they are continually sending emails, texts and phone calls. They are targeting smaller business entities with the assumption that these businesses do not have the appropriate protection in place. As more people continue to work remotely, it is becoming increasingly important that everyone understand why security is critical and what is at risk. We all understand the importance of locking the doors to our homes and apartments as well as our automobiles. Cybersecurity is just as important, and in many cases, cyberattacks can be more detrimental than experiencing a home or auto being vandalized. Let’s review some of these cyber threats and ways to protect your firm from them.

CARET Legal’s Split Billing Feature allows users to divide the invoiced amount for services and expenses on a singular matter between multiple parties. Users can set unique rates for each client and split percentages independently for fees and costs. Once Split Billing has been configured on the Matter-level, users can generate invoices as usual. Using the previously-entered percentages, this tool generates a unique invoice for each billing client listed with its own unique invoice number. Each invoice will include the Matter, as well as each individual billing clients’ contact information.

In many firms, “succession planning” is important, but not urgent. It is human nature to deal with tactical issues and delay any strategic initiatives, but many professionals do not have an end-goal in mind. Many believe that they will “die at their desks.” However, no one can remain in a leadership role forever. Succession planning is a critical component to maintaining and growing the business by maintaining current talent and developing future leaders. It is a continuing process and has to become part of the culture.

Since breaking with tradition and starting the next-generation cloud practice management movement (what we refer to as Cloud LPM 2.0) nearly six years ago, CARET Legal has helped tens of thousands of legal professionals work more efficiently, creating a synergistic solution that helps rid firms of disjointed applications for matter and financial management.

Goodbye 2020 and hello to 2021! As we kick off a new year, we asked some of our partners to make some predictions on what we can expect to see across the legal industry in 2021.

Personal injury cases are complex and so, too, are the workflows involved in managing them. CARET Legal's Suite’s end-to-end practice management platform is loaded with specialized tools that help personal injury firms streamline processes, increase productivity and maximize profitability. CARET Legal's Settlement Management tools enable firms to efficiently manage settlement allocations and seamlessly generate settlement memos for all parties, even referring attorneys.