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John Scott | Whether or not the client sees billable hours on an invoice, all service-based businesses need to track the time of employees who do client-facing work. The post TimeTracking for Lawyers: Why Every Firm Needs to TrackTime to Stay Profitable appeared first on Articles, Tips and Tech for LawFirms and Lawyers.
Rocket Matter Product Spotlight | Waiting until the end of the week to tracktime could cause you to lose 2550% of your lawfirm's billable hours. Capture more time with Rocket Matter Track.
About the Promotional Offer If you’ve considered Google Ads Pay-Per-Click (PPC) for your lawfirm advertising, now is a good time to start. Google may change the promotional offer at any time. A $1500 Google Ads credit is a nice incentive for new advertisers looking to try Google Ads for the first time.
Your lawfirm's accounting department helps the business stay on the right side of the law, when it comes to both internal operations and external relationships. Since lawfirms work with sensitive information, any misstep can have major consequences. The highest expense most firms incur is for wages.
Link building for lawyers isn’t just an SEO strategy—it’s the foundation of a solid online presence for modern lawfirms. But how can you get high-quality, relevant backlinks for your lawfirm’s website? times more backlinks than the pages ranking in positions #2 through #10. Why should lawyers care?
In August, the Silicon Valley-based international lawfirm Gunderson Dettmer became one of the first U.S.-based based firms — if not the first — to develop and launch a “homegrown” internal generative AI tool, which it calls ChatGD. “I was shocked at how much of a difference it really is.”
To help you attract the right clients, scale your practice, and build lasting relationships , weve rounded up 10 proven lead generation strategies specifically for immigration lawfirms. Want an easier way to track and manage your leads? This can take the form of blog articles , videos , FAQs, or even podcasts.
By Debbie Foster, CEO, Affinity Consulting Group Moving Beyond Billable Hours Lawfirm profitability is often viewed in simplistic terms: the more billable hours attorneys log, the more profitable the firm becomes. This will help optimize profitability while maintaining a balanced workload across the firm.
How your lawfirm compensates partners is of course a financial decision, but it’s also a strategic process that needs to consider multiple factors. For example, how your firm chooses to reward partners reflects firm values, shapes behavior, drives growth, and influences long-term success. How Do LawFirms Share Profits?
Every lawfirm should start the year with balanced accounts and a solid paper trail. Closing the books on the prior year takes time and methodical thought. Your lawfirm can minimize the friction by streamlining its accounting process with the right technology. New year, new you, same audit.
Annual planning is an essential exercise that can help you position your lawfirm for long-term success. Annual planning provides: Clear direction: A well-defined roadmap aligns your firms objectives with actionable steps. Profitability in lawfirms extends beyond simple revenue calculations.
In a crowded legal market, personal injury (PI) lawfirms need a strong online presence to ensure they stand out and connect with their potential clients. Search engine optimization (SEO) is an incredibly effective way to ensure your PI firm is visible to people searching for legal help after an accident or injury.
Lawfirm billing is more than just an administrative function. The way a firm bills its clients can impact everything from cash flow to client retention, but its not always a straightforward process. What Is LawFirm Billing? It's also the engine that drives profitability, sustainability, and client trust.
Sooner or later, every lawyer in solo or small firm practice asks themselves whether they should create a lawfirm website — or how long they can put it off. Maybe you have started by claiming a free Google business profile for your lawfirm and using social media to connect with potential clients.
When economic times get tough, the natural inclination is to cut back on spending. For a lawfirm, marketing may be one of the first seemingly superfluous areas on the chopping block. Take Advantage of Free and Low-Cost Promotional Channels Plenty of free and low-cost marketing channels are available to lawyers and lawfirms.
Here’s what you need to know about becoming a B Corp lawfirm—and why it could be exactly what your practice needs to stand out. Ready to spend more time on what matters? Can a lawfirm be a B Corp? What is a B Corp lawfirm? Absolutely. Your B Corp status tells them this isn’t just talk.
Lawfirm marketing is the practice of attracting new potential clients to your firm. A lawfirm marketing plan may cover a mix of digital marketing, SEO, blogging, print, and digital ads. But no matter how you approach it, one fact remains—marketing your firm can easily consume a lot of your time and energy.
Managing a lawfirm requires more than overseeing cases and delegating tasksit demands a strategic approach that balances client expectations, regulatory compliance, and operational efficiency. It also highlights the best practices forward-thinking firms use to stay ahead in a constantly evolving legal industry.
This blog post will explore the essentials of successful strategies for boosting SEO for divorce attorneys, from optimizing your family lawfirm’s website to embracing local SEO and learning how to track and measure your SEO efforts. avoid including dates in blog post slugs).
My past Daily Record articles can be accessed here. ** Driving LawFirm Efficiency: Proven Productivity Tips In today’s ever-evolving world, technology has become a key differentiator for lawyers, driving productivity and profitability in a highly competitive market. hours per workday.
Video for lawfirms has become a popular digital marketing strategy. Video content is more engaging than traditional long-form articles, and the afforded expression of emotion can help lawfirms convert leads into clients. Types of Video for LawFirms. Firm or Practice Area Introductions.
Billing is critical to the success of your lawfirm. And yet lawfirm billing, including billing clients and chasing down payments, can be one of the most repetitive, dreaded, and time-consuming parts of any lawyer’s day. Billable time and disbursement fees/expenses are logged throughout the case.
Navigating one’s lawfirm partnership structure isn’t just about achieving a rank. However, capturing that dream isn’t always an easy feat—especially with the variability of lawfirm partnership models today. In the following guide, we’ll start highlighting some lawfirm partnership models.
From : Blog Entry >> Marcos’s Blog Entry As a lawyer, managing your time and billing can be an unnerving task. Without proper management, you could easily lose track of your billable hours, miss important deadlines, and ultimately. In this article, we will explore how legal time and billing software can benefit your lawfirm.
It’s also an important metric for lawfirm owners to track —especially if you want to grow your firm and improve your profitability. But how do you know if your lawfirm’s revenue is enough to grow and scale your business? And how does your firm’s revenue stack up against the average lawfirm revenue?
Lawfirms nationwide and across all practice areas struggle to find high-quality leads, largely due to increased competition and shifts in the way people search for legal services. Most people will use online resources to find and research lawfirms, making a lawfirm’s digital marketing strategy vital to overall success.
The problem starts when those steps live in peoples heads or get reinvented every time something comes up. This article breaks down what a legal workflow looks like, how it helps, and provides examples you can actually use. Built-in deadlines Deadlines keep things on track and help avoid last-minute stress.
Article writing is an excellent lawfirm marketing strategy for many attorneys, especially if the thought of making a speech causes you to break out in a cold sweat. Corporate general counsel, among others, frequently contact attorneys based on published articles.
As you will see from the ballot, you may vote for your top-five favorites or five times for top favorite, or any other mix of five votes. The substantial amount of time lawyers spend drafting documents during litigation. Another example is our Directory of Alternative Fee Providing LawFirms. What problem do you solve?
In an evolving legal environment with market competition at an all-time high, the technical competence of lawfirms and legal departments of large organizations have to be top notch. This entails identifying activities that are non-value add, not required, or even those necessary activities that cost too much time and resources.
While many lawfirms require that their attorneys work a mandatory number of billable hours (the time clients pay for directly) per week, that isn’t the extent of a lawyer’s workload. Timetracking: what you need to know . The attorneys at your lawfirm work a lot of hours every week.
Even though the themes generally tracked those I’ve already seen raised in other forums and articles, the insights that came out of the summit were enlightening and thought-provoking, especially given the bona fides of those who were there. Even as lawfirms adopt AI, they are finding implementation to be a challenge.
Do you have a lawfirm marketing strategy? To grow your lawfirm so that it’s thriving and more profitable, you need to attract new clients and cultivate new business. How do you market a lawfirm? The process takes time and patience, but we’re here to talk you through how to do it—and how to do it well.
Attorneys know LawPay as the preeminent payment processor for lawfirms. LawPay is expanding its offerings to include invoicing, trust accounting, timetracking, and expense tracking. LawPay notes how each invoice is paid, so the firm can look back and see which clients pay by which method.
TimeSolv Time-Tracking Benefits: Tracktime on any device, manage budgets, and analyze timekeeping patterns to improve efficiency and profitability. The post Working Smarter, Not Harder: How TimeSolv Simplifies LawFirm Timekeeping appeared first on Articles, Tips and Tech for LawFirms and Lawyers.
A Complete Solution in the Cloud With Tabs3 Cloud, you can access your firm’s Tabs3 data from any internet connection, on any device, at any time. Tabs3 Billing This tool sets the standard for legal time and billing software. PracticeMaster There’s obviously more to a case or matter than time entries and accounting.
Lawfirm data security should be a top priority for any practice, and here’s why: Clients trust you with their most confidential information. Since clients entrust lawyers with so much of their sensitive data, lawfirms make prime targets for cybercrime. You don’t want your lawfirm to become part of that statistic.
This area of lawfirm accounting is a fundamental component of the legal industry because it involves the management of client funds that a lawfirm holds in trust for its clients and requires strict adherence to ethical and legal obligations. What Is Trust Accounting?
Legal workflow automation software helps cut through the clutter by handling routine tasks like contract review , e-signatures, case tracking, and client intake. Instead of wasting time on admin work, you can focus on what really matterslegal strategy and client needs. And its not just for big lawfirms.
Attorneys know LawPay as the preeminent payment processor for lawfirms. LawPay is expanding its offerings to include invoicing, trust accounting, timetracking, and expense tracking. LawPay notes how each invoice is paid, so the firm can look back and see which clients pay by which method.
As a lawfirm, it’s crucial to be aware of the significant risk posed by the commingling of funds and take proactive measures to prevent it. In this article, we will explore the basics of commingling funds, discuss its consequences, and provide effective strategies for avoiding inadvertent commingling.
To provide timely service to every client in a timely manner, clear ownership and deadlines for tasks are vital. . When your tasks are clearly organized, it’s easier to tell whether matters are on track. . Digital document management offers more than time-saving benefits, though. Simple reporting .
Want to spend more time connecting with prospective clients on Bluesky, and less time on routine administrative tasks? Jordan Furlong Legal sector analyst and author of Law is a Buyers Market Jordan is a thought leader for legal business insights. Soak up his posts on everything from AI, legal linguistics to lawfirm financials.
Web technologies, remote virtual assistance, and even AI have altered how clients find and interact with lawfirms, and when they expect to be able to do so. Reaching Prospects When and Where They’re Ready ZillaMetrics aims to eliminate the common pitfalls of lawfirm marketing, producing high-quality leads within a reasonable budget.
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