Tag: Reporting

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

legal accounting and billing software
Billing, Payments & Accounting

Improve Your Law Firm’s Cash Flow

Running a law firm is no small task. In law school, you may have thought you’d spend your hours writing pleadings and arguing in court. Now you know better. Building a successful firm means dealing with office space, technology, marketing, recruiting, finances, and more. You’ve also learned your law firm’s

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someone typing on a calculator with papers and bills in front of them
Law Firm Operations

Flat Fee Practices Should Still Track Time

In a flat fee arrangement, a law firm provides specific services to a client for a specified fee, no matter how many hours the attorneys spend performing those services. The legal fees are decided before the work is undertaken, making billing more manageable and reducing attorneys’ pressure to achieve billable

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payment apps on a phone
Billing, Payments & Accounting

Can I Venmo You? How to Enhance Client Service as Payment Preferences Evolve

Law firm clients increasingly favor the modern convenience and enhanced security of digital payments over paper checks. As this trend continues to accelerate, the payment options law firms offer will significantly impact clients’ choice of firms to hire. Read on to learn how enabling electronic payments through ACH bank transfers

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hands typing on a keyboard on a desk wiht a computer mouse, cup of coffee, stapler, and glasses
Matter Management

A Few of Our Favorite Things from 2021

Each year, the CARET Legal development team releases hundreds of updates and dozens of new features to help law firms be more efficient and profitable. While this year was full of updates and changes, CARET Legal users have spoken, and we’re pleased to share our top 10 releases of 2021.

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calculator and pen on top of papers
Law Firm Operations

Law Firm Budgets and Forecasts 101

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

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lawyers discussing how to improve profitability in their practice
Billing, Payments & Accounting

Conducting a Law Firm Profitability Analysis with Practice Management Software

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

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Two IT professionals looking at computer screens with coding on them
Matter Management

The Human Side of SOC 2: It’s About More Than Just Technology

All organizations – particularly those that outsource crucial business operations to third-party technology businesses and SaaS companies – must ensure that their data is handled properly, protecting customers from data theft, extortion, and malware attacks. Service Organization Control 2 (SOC 2) provides a framework to help stakeholders ensure that vendors

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