Tag: Practice Management

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

e-billing
Billing, Payments & Accounting

Decoding the World of E-Billing in Legal Practices 

If the mention of electronic billing conjures feelings of confusion or intimidation, rest assured that you’re not alone. The nuances of e-billing formats are daunting in a field brimming with acronyms and complexities. LEDES, or the Legal Electronic Data Exchange Standard, is a leading format designed to standardize billing communications

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lawyer meeting with their client discussing services and scope
Law Firm Operations

How to Alleviate Client Rate Pressure With Better Legal Tech

Law firms are grappling with a growing trend – client rate pressure. Today’s clients, armed with a wealth of information and numerous choices, are demanding greater value, transparency, and affordability from their legal service providers. While this pressure might seem daunting, it also presents an exciting opportunity for law firms

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Legal tech helps civil litigators prepare for cases
Matter Management

How Legal Tech Helps Civil Litigators Prepare for Cases

In civil law, preparation for a case is a task that demands precision, extensive research, and an acute understanding of legal intricacies. It can often be a time-consuming process, but what if there was a way to make it more efficient? Enter civil litigation legal tech – a suite of

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Litigation lawyer using techniques to save time
Law Firm Operations

Litigation Management Techniques That Save Time

For law firms, time is more than just a commodity—it’s the cornerstone of a successful practice. The task of managing multiple cases, undertaking comprehensive research, adhering to rigid deadlines, and sustaining clear communications can often seem daunting. However, rest assured that these challenges can be turned into stepping stones for

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overcoming legal challenges in the office
Billing, Payments & Accounting

What Is the Biggest Challenge Facing Law Firms Today?

In the demanding world of legal practice, the pressure to accumulate billable hours is a persistent challenge, affecting lawyers’ work-life balance, mental health, and overall job satisfaction. This intense focus on quantifying productivity through billable targets often leads to overwork, stress, and burnout, with lawyers finding themselves submerged in administrative

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lawyer experiencing burnout
Law Firm Operations

Using Tech to Prevent Lawyer Burnout

Lawyer burnout is a significant and prevalent issue in the modern legal profession. Studies show that many lawyers face intense pressure and long working hours, causing mental health issues and exhaustion. However, practice management technology is increasingly becoming a viable solution to curtail lawyer burnout. Tools like CARET Legal help

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law firm profit margin
Reporting & Analytics

What’s Your Law Firm’s Profit Margin & Is It Good?

Understanding the financial health of your law firm can be a complex task. One critical metric is your law firm’s profit margin. But what is it, and more importantly, what is considered a good profit margin for a law firm? Let’s explore these questions, discuss the average law firm revenue,

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attorney recording billable hours
Billing, Payments & Accounting

Average Billable Hours for Attorneys: What’s Realistic?

Calculating billable hours as a law firm can be overwhelming. The question often surfaces: “How many hours do most lawyers bill?” By offering insights into the average billable hours for attorneys and their integration into daily legal practice, we can help create clarity. It’s time to simplify this topic and

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