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Law firms are common targets of cyberattacks due to the sensitive information they obtain and store and their slow adoption of cybersecurity policies.
Although many people think that customer management relationship systems (CRMs) are relatively new in existence, the practice of keeping customer records has existed for centuries. Merchants, even those selling their wares in ancient times, understand that it’s much easier to sell your goods to a current or past customer than
Most lawyers have multiple clients, and many will work in more than one firm throughout their careers. These circumstances dramatically increase the possibility of conflicts of interest between former and new clients.
One of the worst situations that can arise when onboarding new legal clients is making mistakes during a conflict check. These are serious situations that can carry a wide range of negative consequences for all involved, especially your client. The best way to deal with this type of scenario is
It is critical for your business to align itself with competent and ethical business partners. Mediocre business partners can have a devastating impact on your firm. Every business partner, no matter the size or how often they are utilized, must be transparent, ethical, competent and communicative.
In today’s environment, networking is a key factor in building professional relationships and an attorney can easily spend a good part of their day networking, if they don’t manage their time appropriately. It is important, therefore, that legal professionals choose wisely those groups that will make a real difference for
With so much technology at our fingertips, individuals are inundated with information in the form of email, text messages, news alerts and social media notifications. As a business, it can be difficult to cut through all of the “digital noise” and connect with people; branded touchpoints are more important than
In recent years, an alarming number of law firms of all sizes have failed. It is important to understand what happened with these firms and install certain procedures to avoid similar circumstances. These procedures should help any firm to thrive in the near-term and long-term future.
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.
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