Stay up-to-date on all things legal technology, including practice management, payments, automation, and more.
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
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).
Welcome to the digital age, where technology isn’t just a fancy add-on for law firms, but a must-have. But it’s not about who has the most high-tech gadgets or the latest software. It’s about using technology to make a firm more efficient, accurate, and profitable. And when it comes to
Law firm technology can be…overwhelming. It’s hard to know just what capabilities your firm needs versus ones that aren’t high priority. Let’s break down the features of law firm technology and highlight the essentials that can revolutionize your practice.
For all law firms, the flexibility of offering online payments comes with a cost; credit card processing fees. However, there are several strategies that you can employ to offset these costs — one of which is surcharging.
While Excel is great at data organization and basic calculations, software reporting and analytics tools designed specifically for law firms make it far easier to analyze each case’s profitability while tracking expenses and identifying areas where you can cut costs or improve efficiency.
Implementing legal workflow automation eliminates the time burden of manual task completion and promotes consistency. Task management and tracking become more effective, compliance and risk mitigation are improved, client satisfaction is enhanced through streamlined processes and transparency, and data analysis and reporting provide valuable insights. It brings efficiency, standardization, and
CARET Legal now makes taking retainer payments easier than ever with retainer payment links. This feature increases your firm’s cashflow by simplifying client payment interactions and getting you paid faster, and it saves the firm time with a more simple and more secure billing process.
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