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Law Firm Accounting: Best Practices for Efficiency and Compliance

Centerbase

This article outlines essential accounting practices for law firms, emphasizing compliance with trust accounting rules and strategies for improving financial efficiency. Main Takeaways From This Article: Compliance with trust accounting rules is paramount in legal practice, necessitating strict attention to detail.

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When a Copyright Owner Gets Only a $1,000 Judgment in Federal Court, They’re the Real Losers–McDermott v. KMC

Eric Goldman

Thus, the court summarizes: “Its compliance system may have been imperfect and its conduct negligent, but Defendant did not act recklessly.” Matthew McDermott is a freelance photographer. The New York Post hired him to take photos of NYC police commissioner Keechant Sewell , paying him a day rate of $470. The New York Post story.

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Cyber Security Compliance for Legal Businesses: What You Need to Know

MatterSuite

Therefore, it is crucial for legal businesses to implement robust cyber security for law firm compliance measures to protect themselves and their clients. What is Cyber Security Compliance? Compliance requirements are usually set by government and regulatory bodies, as well as industry associations.

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Why Legal Matter Management Is No Longer Optional for In-House Teams?

MatterSuite

Legal matter management is similar to a lawyer and law firm’s filing system. ” Imagine legal matter management as your team’s individual assistant for each case, contract, and compliance issue. In today’s fast-paced legal environment, in-house legal teams are under increasing pressure to do more with less.

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Is Your Law Firm Website Bar Compliant?

Attorney at Work

Failure to comply could result in serious penalties. To ensure your full compliance, keep reading to learn about the most common law firm website rules. To ensure your full compliance, keep reading to learn about the most common law firm website rules. Bar Compliance and Law Firm Website Rules. Unverifiable claims.

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PCI Compliance Essentials for Law Firms: A Comprehensive Guide

CaseFox

In today’s digital era, lawyers and law firms are embracing online platforms not only for case management but also for accepting payments. While technology and digitalization offer convenience and efficiency, they also come with legal compliance responsibilities. Why Is PCI Compliance Crucial For Law Firms?

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Commingling of Funds: What Lawyers Need to Know

Clio

It may appear to be a technical area, but the commingling of funds is a peril of legal practice that firms must learn to avoid. This can occur when a lawyer holds their funds in the same account as their clients, for instance. Generally, people refer to the failure to comply with these guidelines as commingling of funds.

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