The lawyers working on hourly rate often leak significant revenue in absence of an efficient system. Fractional time spent on calls and other activities, largely go unaccounted, which when compounded together can increase a firm’s revenue by at least one third as per studies. This happens because firms often don’t track time or if they […]
A calendar is a tool necessary for track crucial dates i.e., deadlines, filing dates, and court proceedings for both your clients and the opposition. A lawyer is aware of an important date or deadline by its presence on the calendar. Large firms have already recognized the value of automation in the managing of their calendar. […]
Knowledge Management for law firms(or “KM”) helps law firms acquire and retain business. For in-house legal departments, it supports more efficient and effective operation. In an era where clients demand efficient and value-oriented service, Knowledge Management is important for economic and adequate delivery to the clients. Knowledge Management stores and utilizes legal professionals combined wisdom. […]
Practicing Law can get tremendously exhausting, considering the number of clients, several different matters for each client and deep of activities and tasks to execute within each matter. The more the business, the more it is difficult to manage the execution of work. A proper Workflow Management System which allows you to create task lists […]
Law Practice, unlike other businesses, is a highly skill-oriented and as well as involving profession. The senior lawyers are vested with Hugh responsibilities toward forwarding their client’s interest and it consumes all their time. This leaves zero or marginal productive time towards the expansion of their clientele or branding their law firm. As a result […]
How often do you change your phone? Do you only change it when it’s damaged? And when you get a new phone, do you buy a phone with the same specifications or u upscale? The answers are obvious. The intention here is not to discuss a phone but to use the example to draw attention […]
If you can’t fight them, join them– Working with your rivals can be beneficial. In a few cases, it just makes sense to collaborate with your competitors. When exploring new opportunities, we should not quickly dismiss certain relationships or deals simply because a competitor is involved. Get rid of anything you do not actually need- For […]
Just like any other industry, there are a large number of law firms, but only a handful of them are successful. It’s not what different things they do, but it’s the way they do the same thing, that puts them on the top of the league. Here are 5 important tips to accelerate growth and […]
In 2016 about 90% of all new software is SaaS. The advantages of SaaS is undisputed and its no longer needed to be explained. Customers are looking for more suitable SaaS solutions that minimize or eliminates customization. This is another reason that SaaS applications are getting industry specific and it’s happening fast. Vertical law practice […]
Lawyers are known to invoice their clients differently depending on the nature of work, practice areas and segments. It often gets confusing for not only the clients but also the lawyers themselves to arrive at a definite structure and invoice amount for a particular case. Here is an attempt to explain various law firms billing structure. […]
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