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Compliance with the American Bar Association competence rule is vital for success in estate planning law. The attorney competence requirement, outlined in Model Rule 1.1, identifies the necessary legal knowledge, skill, thoroughness and preparation for representation. Moreover, competence is not limited to legal knowledge and preparation exclusively.
If you’re not already leveraging legal case management software in your practice, what’s stopping you? Case management systems are the cornerstone of better client management, enhanced efficiency and productivity, robust accountability, and comprehensive audit trails. With a centralized location, managing your legal cases becomes a breeze, allowing you to focus
Transitioning from manual matter management to a legal practice management system is pivotal for law firms seeking to address inefficiencies and implement more productive processes.
You know that feeling when you’re working on a jigsaw puzzle and can’t find the one piece you actually need? That’s how law firm financial reporting can feel at times. Between handling intricacies like client trust accounting, making sense of diverse compensation models, and breaking down the profitability of cases,
For firms, enforcing time tracking, and legal time management in general, is crucial for maintaining a positive cash flow, pricing services, accurate forecasting, and sound budgeting. However, manual time tracking is inefficient, time-consuming, and prone to human error.
Law firms that don’t accept credit card payments are leaving revenue opportunities on the table. However, choosing the right credit card processing service has its challenges, such as high transaction fees and integration inefficiencies.
Law firms have unique accounting requirements — like being bound to a code of ethics to account for any funds held in trust on behalf of clients. It’s important to keep these requirements in mind when selecting the proper legal accounting system to streamline your processes. As an example, law firms are
With unique regulatory requirements, diverse billing models, and the need for precise financial management, law firms require a payment processing solution that’s tailored to their specific needs. A specialized attorney payment processing service, as opposed to a more generic solution, offers a host of benefits that go beyond mere transaction
Law firm compliance can be a burden to adhere to. But, legal practice management software (LPMS) goes a long way in alleviating some of the burden. It relieves you of the constant monitoring for regulatory changes, keeping your systems updated and ensuring that your firm is always in sync with
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