Running a law firm requires having access to accurate and up-to-date financial information. Without this knowledge, law firms can struggle to make informed decisions, increase profitability and remain competitive. Are you seeking for strategies to increase efficiency at your legal practice while avoiding losses in revenue? Look no further! Having the right reports in place […]
Pandemic!!!!By hearing this word our soul trembles! During the COVID pandemic, Technology undoubtedly allowed a lot of legal firms to survive. Recent statistics show that 71% of legal firms employed technology to remain profitable. That’s accurate! Law companies were able to continue operating throughout the epidemic owing to advances in Technology including virtual conferencing, online […]
Revenue Leakage is a common problem that impacts law firms on a global scale. Today, we’re going to talk about something that law firms find very interesting: Revenue Leakage. Today’s discussion, we’re going to explore: What’s Revenue Leakage? Efficient approaches for law firms to minimize Revenue Leakage. As always, our goal will be to avoid […]
College plays a significant role in shaping an individual’s personal, professional, and social life. Right college not only creates better Career Opportunities but also helps in Personal Growth, Networking, Increased Earning Potential and Critical Thinking Skills Here are the Top 25 Law Colleges in India. 1. National Law School of India University, Bengaluru Rank 1 […]
Apologies for this title! The intention is not to offend the lawyers. Whenever any new technology is invented, wise people start debating, that it’s going to replace the professionals like doctors, lawyers, engineers and etc… I’m a hardcore techie and the biggest admirer of technology. But!! In my view, any technology can’t beat the human […]
Let our advance worrying become advance thinking and planning. – Winston Churchill “Future….!” It’s something everybody is extremely cautious about. I’m sure, you too would have planned many things to secure it for yourself and the family. Isn’t it? 🤨 But!! How about the future of your Law Firm? Have you Future Proofed it? Do […]
Billing is the subject that requires the least introduction. So, I’ll not waste much time in creating the context instead straightaway let’s get into our primary topic. Before I talk about ‘Billing Automation’, I would like to throw some statistics: Firm Type # Invoices/ month Inv. Amount/ Month Receipts/Month Small Law Firms (<50 people) 30 […]
No need to say, that time is the biggest resource for any professional. The importance of time becomes even more critical for leaders and managers. Because their plans directly impact the team’s productivity and eventually the whole firm. The key difference between a successful person and others is nothing but their Time Management. The last […]
Profitability! It’s one of the most used and important factors for any business. As always, we’re going to be super simple to explain the subject, Profitability and How do we calculate it. (No Bookish Language) Suppose you’re spending X on any team member. What you are making, X, 2X, 3X or 4X from him/her? We’ve […]
Numerous traits are common to successful legal firms. There isn’t a single secret to success. Each company is unique, and the markets they serve and the services they offer can differ greatly. Having said that, it appears that there are guiding principles that, when implemented in a company, produce results. Let’s take a look at […]
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