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Reports on tablet
Compensation and Performance Tracking
Assessing Your Firm’s Financial Health: 6 reports you should be running every month
The financial health of a law firm is ascertained by analyzing and evaluating many different pieces of information. Law firms, like many other businesses, sometimes evaluate their success based on the amount of money they have in the bank. Although it is very comforting to carry large bank balances, this represents very little about a…
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Law firm accounting
Accounting & Reporting
Law Firm Accounting: It Is Not the Same!!!
(Part 2)
Last week, we explored several key elements of legal accounting that differ from general small business accounting, looking at cash basis vs. accrual, account types and costs advanced. In this article, we’ll explore trust accounting which is arguably the most intricate, and ultimately error-prone, component of legal accounting.
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Law firm accounting
Accounting & Reporting
Law Firm Accounting: It Is Not the Same!!!
(Part 1)
Your accountant may be great at handling small business accounting, but you need to be sure your accountant understands the differences between law firm accounting and other small business accounting requirements. It is your responsibility to make sure your books are correct.
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Woman working on her laptop while moving to the cloud
Law Firm Operations
When Is the Right Time to Make a Move to the Cloud?
We’re experiencing an unprecedented time in history, one in which most people are no longer working from their regular offices. For this reason, access to data from remote locations has become more important than ever.
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employee videochatting with her team
Law Firm Operations
Effective Collaboration in Today’s Law Practice
In the new normal since the Coronavirus, it is expected that 80% of lawyers and professionals will do some work via their smartphones. This statistic is indicative of a trend that we expect to continue for many years to come — the legal industry, like so many others, must embrace a remote workforce.
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Migrating data into a law practice management platform
Matter Management
Migrating to a New LPM: How Much Data Should You Move?
Congratulations! Your firm has decided to move to a new practice management, billing or accounting platform. You have gone through the analysis, made a selection, and now comes the big question – What data should be brought over to the new application?
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Lawyer recording her billable hours for the month
Timekeeping & Billing
Productivity and Profitability: Thinking Beyond the Billable Hour
How do you measure productivity and predict profitability? With time-based billing, the simplest way is billable hours. How many hours can (and should) timekeepers work in a period of time and how many of the worked hours are billable? If we assume only two weeks of vacation per year and a forty-hour workweek, the formula will look something like this...
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Three coworkers working on the firm's trust accounting
Accounting & Reporting
Trust Accounting Software 101
All law firms are required to maintain accounting records for client funds deposited in trust accounts. Finding the right software solution to assist with the necessary record-keeping for those funds requires a complete understanding of the bar association rules. Trust Accounting Basics Client funds are held by lawyers for many reasons. A lawyer may hold…
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Attorney on his mobile phone wearing his Apple Watch
Matter Management
Never Miss a Beat With Zola Suite’s Dedicated Apps
As a complete cloud-based solution, Zola Suite allows you to access your firm’s data from any device with internet access whether you’re in the office, courtroom or at home. Using Zola Suite’s native iOS and Android apps, you can keep track of upcoming meetings and appointments, retrieve contact information and initiate calls, add or edit tasks, and access matter-related documents all on the go. You can even track time while you’re out of the office so you don’t miss a beat.
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