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Law Firm Operations
How To Become a More Efficient, Profitable, & Secure Law Firm (Part 1)
There are so many ways for a law firm to become more profitable, which go beyond the standard approach of cutting costs and obtaining more business. Additionally, the new option for a hybrid work environment has caused new data safety concerns, which require new and tighter procedural requirements to combat them. Due to this current chaotic business environment, the legal industry has become one of the most susceptible industries to cyber-attacks. Every firm, no matter how big or small, must protect itself. So, what can a firm do to reduce the threat of being hacked?
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Law Firm Operations
Data Analytics: You Can’t Manage What You Don’t Measure
Our title borrows a famous quote from William Edwards Deming, an American engineer, statistician, professor and author often labeled “the original data scientist.” Deming also said, “Without data, you're just another person with an opinion.” Fortunately, the legal landscape is rapidly shifting, and digital transformation is allowing us to inform our business strategy opinions with facts. Firms of the future will enjoy a new digital reality with the help of practice management platforms and data analytics solutions. As new tools reduce complexity, data analytics has become a primary driver of business strategy. This is particularly in response to the continuing situation with COVID-19, which has changed every aspect of how and where law firms work and collaborate.
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Law Firm Operations
Legal Practice Management Software Pricing: 6 Quick Tips
Purchasing a new practice management system is a major step in moving towards increased productivity, efficiency and collaboration. However, when it comes to purchasing a legal practice management system (LPM), it is not a one-and-done deal. Your law firm will come to see that there are many LPMs to choose from, with varying degrees of transparency among the brands. Whether you work in a small practice or a larger one, firms of all sizes can benefit from understanding the costs associated with choosing a legal practice management software.
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Law Firm Operations
Shopping for Legal Practice Management Software: 7 Questions to Ask
According to a McKinsey Global Institute report, over 23 percent of a lawyer’s work can be handled by technology. In addition, half of all lawyers are already using some form of workflow automation. Legal practice management software is a valuable part of a law firm’s toolkit that will save time by automating tedious, low-value tasks, allowing attorneys to focus on substantive legal work instead.
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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
Conflict Check Basics: What Every Legal Professional Should Know
Most lawyers have multiple clients, and many will work in more than one firm throughout their careers. These circumstances dramatically increase the possibility of conflicts of interest between former and new clients.
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Law Firm Operations
The Human Side of SOC 2: It’s About More Than Just Technology
All organizations – particularly those that outsource crucial business operations to third-party technology businesses and SaaS companies – must ensure that their data is handled properly, protecting customers from data theft, extortion, and malware attacks. Service Organization Control 2 (SOC 2) provides a framework to help stakeholders ensure that vendors protect the interests of the company they serve and the personal data of vulnerable clients.
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Law Firm Operations
Why Branded Touchpoints Are More Important Than Ever Before
With so much technology at our fingertips, individuals are inundated with information in the form of email, text messages, news alerts and social media notifications. As a business, it can be difficult to cut through all of the “digital noise” and connect with people; branded touchpoints are more important than ever.
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Law Firm Operations
Are Your Software Providers SOC 2 Compliant? They Should Be.
With cybersecurity threats on the rise, it is imperative that firms proactively improve internal and external security protocols. Keeping confidential information and sensitive client data secure means extending such protocols to each software vendor.
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