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No business owner wants to deal with a financial emergency due to lack of planning. In order to monitor how a firm is doing financially year to year, every law firm should maintain an internal budget/forecast. A budget/forecast report provides the owner a monthly snapshot of how the firm is
Knowing how to determine what factors have the most impact on your financial health requires a solid law firm profitability analysis strategy. The invaluable insights this process produces will ensure that every ounce of your energy is helping you maximize your firm’s profits. But, remember: realization and profitability are not
Without legal project management software, it’s difficult for a firm to sustainably deliver high customer experience and service quality.
How can you avoid wasting time at your firm? The answer lies in implementing the right time tracking and billing technology.
Immigration law firms are preparing for a massive influx of cases as the U.S. has seen a major uptick in immigration activity since the beginning of the year. If you handle immigration work, you should be prepared to see your caseloads as much as double as the year plays out.
Law firm leaders understand the concept and importance of profitability. Nevertheless, in many practices, expenses and revenue are not reviewed on a regular basis. While your firm may be focused on other aspects of maintaining business, it is imperative that steps are taken to ensure your firm continuously reviews its
As you know all-too-well, the hallmark traits of a perfect paralegal are detail-oriented, organized, and efficient. On the days when your self-confidence is waning (we all have them), you may think that your semi-administrative role is designed only to serve and support. You may believe that you cannot play a
It is imperative to stay up to date on the latest technology to keep your law firm running smoothly. However, acquiring current technology and software applications is only one piece of the success puzzle. Most end users use approximately 20% of a software application’s features.
Just because you’re a few rungs from the top of your law firm’s ladder doesn’t mean that you cannot make a significant contribution. Outside of your ordinary course of duties, paralegals like you are often tasked with assisting legal leaders with special assignments, such as preparing preliminary research on making
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