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Billing is an integral part of running the business that is your law practice. That’s why having legal practice management software with robust billing and accounting features is so important to day-to-day operations of your law firm, and for staying competitive in an ever-evolving legal industry.
In poker, table stakes are the money or chips a player needs to lay on the table to be part of the game. Similarly, in a law practice, your ability to compete in legal services increasingly depends on the tools you have available to deliver excellent service to clients. In
For attorneys, missing a deadline is no laughing matter. Depending on the jurisdiction, rules and the judge, sanctions might be a stern admonishment by the judge, an order to pay some or all the attorneys’ fees incurred by the opposing party or, worst case, dismissal of a party’s lawsuit. If
We, as professionals, have been working remotely for years, long before the pandemic. Attorneys and paralegals have been emailing work home to themselves forever – despite IT’s pleas to not do that (you know who you are). The hybrid work environment is not new. What is new, however, is the
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.
Law firm business development is a balance of relationship building, increasing revenue, and cross-selling. As firms continue to grow and evolve, it’s necessary to leverage end-to-end legal practice management tools to help you accomplish all three. After reading this article, you will have a better idea of how to improve
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.
AbacusNext recently commissioned a survey of law firms’ activity and decisions about software. The results revealed that 65% of all firms selected the need to increase efficiency and build a better practice as their motivation for adopting their practice management technology. Growing focus on efficiency Legal practice management software providers
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
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