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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
As a lawyer or legal professional, you are well aware of the pressure to stay productive in order to tackle the never-ending tasks that seem to grow with each passing day. David Allen discusses what it means to be productive without being in a constant state of stress in his
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.
Since the beginning of the 21st century, law firm pricing has evolved significantly. Clients demanded alternatives to the billable hour, and firms responded by introducing new pricing models for their existing services, including fixed fee structures, capped fees, partial contingency arrangements and fixed monthly budgets, among others. Pricing firm services,
How automated is your law office payment processing? The longer an invoice lingers unpaid, the less likely it ever will be paid.
In most law practices, a qualified professional can predict the costs associated with operating a firm relatively accurately. Most expenses are easily forecasted including salaries, facilities and technology. However, revenue is a bit more difficult to predict.
Legal professionals use a wide variety of tools and methods for tracking time spent on billable matters. Some are sophisticated, while others are more problematic and error-prone; for example, lawyers who use giant spreadsheets that are updated at the end of each day or week or sticky notes to jot
Convince your firm that investing in digital transformation is not just a good idea, it’s a necessity. Here are some common concerns preventing law firms from pursuing digital transformation.
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