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An age-old joke goes something like this: a person walks into a bank and says, “How can I not have any money, I still have checks left?”. Although checks may be unfamiliar to some younger generations, the comparison between revenue and income is akin to this difference. A firm can
Congratulations! Your law firm is thriving, attracting a steadily increasing stream of clients and handling a diverse array of cases. However, with success comes new challenges. How do you manage a growing caseload while maintaining the high-quality service your clients have come to expect? The answer lies in embracing technology,
While most law firms are starting to see the benefits of legal tech, the headache of onboarding a new legal practice management system (LPMS) — especially one that touches all processes — is a real barrier to becoming a more modern firm.
Legal technology is all about utilizing tech to boost efficiency and productivity, and improve client service. We’re at a fascinating juncture where law and tech are joining forces, leading to a more streamlined approach to practicing law. Let’s get into the best legal tech and tools your firm needs to
As a boutique law firm, your specialized legal services have undoubtedly carved a unique space within the legal landscape. However, the administrative tasks integral to managing a small or specialty law firm can often pose significant challenges. Enter practice management software. Utilizing a practice management software can simplify your operations
As your law firm starts to grow, the structure of your business becomes increasingly critical. Your organization model significantly impacts your firm’s efficiency, profitability, and overall success. Let’s dive into the ins and outs of law firm partnership structures, the role of associate attorneys, and the law firm hierarchy, all
A top priority for law firms is to use technology for improving productivity, with 46% ranking it as a significant need to meet client demands. Cloud-based law firm management software provides law firms with numerous advantages, including streamlined operations, increased efficiency, reduced costs, and improved communication between clients and internal
Managing a law firm chart of accounts and general ledgers involves numerous transactions, strict regulatory requirements, detailed reconciliation needs, and accurate financial reporting. However, the process doesn’t have to be as complex as it often seems. Let’s take a look at some practical advice and strategies to simplify the creation
When it comes to managing legal trusts, accuracy is non-negotiable. Specialized legal trust accounting software provides a distinct edge with its automation capabilities. It’s essential to recognize the importance of legal trust accounting software and its reputation for precision, which solidifies its position as one of the most reliable tools
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