Tag: Legal Accounting

Stay up-to-date on all things legal technology, including practice management, payments, automation, and more.

group of lawyers discussing the latest technology and tools for their firm
Law Firm Operations

The Best Legal Technology & Tools for Lawyers (2024)

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

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A boutique law firm utilizing legal practice management software
Matter Management

How Boutique Law Firms Benefit From Practice Management Software

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

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Structuring a growing law firm
Law Firm Operations

How to Structure Your Law Firm As You Grow

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

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Attorney working in a cloud-based law firm management software
Matter Management

Benefits of a Cloud-Based Law Firm Management Software

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

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Attorneys discussing law firm chart of accounts and general ledger reports
Billing, Payments & Accounting

Law Firm Chart of Accounts and General Ledgers Made Easy

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

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Attorneys using legal trust accounting software
Billing, Payments & Accounting

The Top Legal Trust Accounting Software 

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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trust and IOLTA accounts
Billing, Payments & Accounting

When to Use Client Trust Accounts vs. IOLTA

The ethical management of client funds is a pivotal responsibility that falls on the shoulders of lawyers. Two key instruments that lawyers use to manage these funds are client trust accounts and Interest on Lawyers Trust Accounts (IOLTAs). 

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