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Accounting & Reporting
QuickBooks for Legal Accounting: 4 Risks Your Law Firm Should Consider
Law firms have unique accounting requirements. Selecting the proper accounting system for a law firm requires an understanding of those unique requirements. For example, law firms are required by the code of ethics to account for any funds held in trust on behalf of clients.
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Law Firm Operations
Cloud-Based Practice Management Software Benefits
Adoption of legal technology is on the rise and legal professionals are using legal practice management software to enhance the productivity of their practices. Not only because of more individuals working from home, but advancements in technology overall have contributed to the legal industry embracing technology in the workplace.
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Law Firm Operations
Firms are Implementing Practice Management Platforms with Integrated Payment Processing. Here’s Why.
Payment management is a critical workflow that every law practice must manage. The reality is that payment management is no longer just about invoices mailed to clients or waiting to receive payments by mail. It has evolved into something more mobile and flexible, which benefits both firms and clients.
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man sitting at a laptop
Law Firm Operations
The Rise of the MSP in Legal: Why Firms are Embracing the Managed Service Provider Model
Thanks to tight timelines and a never-ending supply of sensitive information, the legal industry relies more on a dependable IT support structure than many other sectors. Moreover, as a law firm grows, its IT needs often evolve beyond what the current provider can fulfill.
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Law Firm Operations
SOC 2 Compliance & Your Law Firm: What Every Administrator Should Know
Law firms are common targets of cyberattacks due to the sensitive information they obtain and store and their slow adoption of cybersecurity policies.
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Law Firm Operations
Retaining Talent in Your Law Firm
Due to recent events, most law firm employees and employers are re-evaluating their current positions and work environments. Overall, law firms have weathered the COVID storm better than originally expected.
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Law Firm Operations
Change Management in Law Firms: Why Managing a Major Upgrade Just Makes Sense
Law firms that don’t adapt and, as a result, miss opportunities for growth, risk being overtaken by agile competitors who are more willing to embrace change. According to Forbes, research has shown that 38 percent of people enjoy leaving their comfort zone, while the other 62 percent don’t like to leave their comfort zone or rarely do so.
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someone typing on a calculator with papers and bills in front of them
Law Firm Operations
Flat Fee Practices Should Still Track Time
In a flat fee arrangement, a law firm provides specific services to a client for a specified fee, no matter how many hours the attorneys spend performing those services. The legal fees are decided before the work is undertaken, making billing more manageable and reducing attorneys’ pressure to achieve billable targets.
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hand holding Getting Things Done Book in front of the Zola Logo
Law Firm Operations
"Stress-Free Productivity" in Your Law Firm
As a lawyer or legal professional, you are well aware of the pressure to stay productive in order to tackle the never-ending tasks that seem to grow with each passing day. David Allen discusses what it means to be productive without being in a constant state of stress in his New York Times Bestselling Book Getting Things Done.
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