Any organization is driven by a team and it’s the right team that helps to achieve the goal and growth. Building the right team is one of the most challenging things for any business. Why is hiring challenging? Every human is different and dealing with them is not easy. Lack of process. Nothing could be […]
We are all aware of the need for recycling paper, metal, and glass. But how often do we consider incorporating sustainable business methods into our operations? According to the Big Four firm KPMG’s 2020 Survey of Sustainability Reporting, “The Time Has Come,” 80% of prominent corporations worldwide currently report on sustainability. Although 90% of executives […]
Happy employees mean happy customers and better profits! But do you know Lawyers are one of the least happy careers in the United States. They rate their career happiness 2.6 out of 5 stars which puts them in the bottom 7% of careers. Moreover, only 44% of Big Law lawyers report satisfaction with their profession, […]
The year 2021 is shaping up to be a year of recovery, especially for firms impacted hardest by the COVID-19 pandemic. While many legal firms have adopted various technology, it’s crucial to note that being open during this year isn’t enough. Quickly developing and preparing for a pool of challenges has shown to be the […]
The term Data Analytics is extremely popular nowadays. In fact, it is employed in seminars and tech talks as a sophisticated vocabulary or a trendy topic to speak about. However, only a few people are aware of its practical implications. The purpose of this blog is to give you a basic grasp of buzzword data […]
Unpaid Invoices are one of the biggest issues for any law firm. It’s not law firms don’t have any process and ways for this, they have, but that involves human intervention and has its own drawbacks. Challenges with manual follow up: Time taking. Possibilities of human errors. And of course, Revenue Leakage. Solution by Legalxgen […]
Hola readers, I hope you found the previous blog on various billing types for law firms useful where we have talked about the following billing types: Fixed Fee Consolidated Hourly Fee Person Hourly Rated Fee Retainership Fee Milestone based Fee So, tell me, how confident you are now in choosing the right billing type for […]
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 […]
Have you ever realized how crucial it is to understand the billing policies and types of billing methods for any law firm? A clear, consistent law firm billing policy is vital for saving your law firm’s valuable time and money, and understanding it is a must. It provides something for lawyers and workers to refer […]
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