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 […]
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 […]
Do you want to expand your business? Well! you’re not the only one in this race! Millions of businesses are battling to turn casual visitors into buyers. And the best part is that understanding how to accomplish it doesn’t require you to go back to school to master the basics of customer service and sales, […]
To understand the subject better let me ask few questions about your law firm: 1. Do you have an idea, how many new matters the law firm has opened last month? 2. What’s the number and value of Invoices the firm has created, and the amount received? If you have the figures related to the […]
Do you ever wonder why industries change, how they adapt, and, most importantly, how they feel about the change? You’re probably wondering why I’m bothering you with this. Let me give you some figures: only one-third of attorneys (34%) believe their firms are well-prepared to keep up with technological advances in the legal business, even […]
Do you often doubt yourself on the personal as well as the professional front? Do you find that the work you’re doing tests your patience time and again, prompting you to seek out an alternative to assist you? Yes? It’s time to bring some changes within yourself. That’s nothing but “Self-Effectiveness”. “Self-belief Does Not Necessarily […]
These days the term ERP has been into the trend. Post-COVID scenario for functioning the business has changed drastically. Technology has appeared a must-have thing for business continuity. There were times ERP systems were thought to be useful just for few sectors only. But now people have understood the importance of technology for the business, […]
Lawyers only needed a specific set of talents to succeed in their careers until a few years ago. The main condition was that the lawyers had the necessary skill set to comfortably carry out their profession. However, with the changing times, increased hurdles, and quickly increasing competition, a lawyer now requires some additional talents to […]
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 […]
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