Let us start by answering the very first question which might come to your mind. What is an Engagement Letter? It is a formal document that is exchanged between the client and the law firm or a lawyer. It describes various important aspects of any engagement such as: Scope of Work Timelines Cost Resources Terms […]
Ashish TripathiAshish has 15+ years of experience in Enterprise Applications. A Technology, Process & Productivity Expert for the law firms from last one decade. www.legalxgen.com
Revenue leakage is one of the biggest problems for almost every business. In fact, law firms fall under the category where maximum revenue leakage is reported. It sounds exaggerated but the fact is most law firms incur 35-40% revenue leakage every year. It’s just a couple of weeks left for the closure of this FY, […]
To understand the importance of the process let me ask a few questions about your law firm: How many new matters did you open in Feb 2021? What is the value of invoices you created and the and receipts in the month of Jan 2021? What is the total number of billable hours entered by […]
I would like to start by wishing you a Happy New Year 2021. In fact, the year 2020 has been unfavorable in many aspects for the entire world. Don’t really know, that how the year 2021 is going to be. But that is the spirit of life and the virtue of time as well which […]
The year 2020 has been really challenging in many aspects. In fact, it’s one of the biggest crises humans would have seen ever. The pessimistic word ‘loss’ has been suffixed with almost every dam thing the society. There would be nobody who remained unimpacted by this wave. Though many losses are uncontrollable and irreversible, but […]
Before we begin to discuss “why time management is very much important for the lawyers”, let’s have a statistic on the average working hours for a lawyer vs other professionals. So, the average working hours for a lawyer is typically 60-65 hours/week where for the other professionals it’s just 40—45 hours/week. This simply tells a successful […]
For any business how important it’s to serve and satisfy existing clients it’s equally important to have new business opportunities. These new business opportunities only are going to turn into a new set of clients for the law firms. Before we began this article let’s be familiar with few keywords related to sales and marketing. […]
Money coming in is the fuel to run not only the law firms but any business. Correct billing practice does not only ensure your firm to be more profitable but also helps to have happy customers. And it’s your happy customers who make you a successful and profit-making law firm. Billing is one of the […]
These days cloud is one of the most loved topics for any kind of discussion on technology. But when it comes to adopting the cloud for the organization there are many people not comfortable implementing it. What people think about the cloud. Not secure. We prefer having our own infrastructure. I’ll not have full control […]
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