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These are those “sneaky” expenses that aren’t quite as easy to track because you won’t always receive receipts for them. Running a legal practice is definitely one of those things. Download free guide Five great reasons to track matter costs Whether matter costs are hard or soft, you’ll want to track them closely.
Is it maximizing your time? Top-tier legalsoftware seamlessly integrates general ledger firm and trust accounting with timekeeping, billing, and more. The software automatically recognizes your data, eliminating the need for manual data entry and reducing the risk of errors.
Gartner predicted that spending on legalsoftware would triple from 2021 to 2025, and venture capital investments in these tools reached a new high of over $1 billion in 2022. Legal tech is no longer seen as a nice to have, but a must have. Legal AI gives you a highly efficient partner in the analysis process.
From assigning projects to tracking contract lifecycles, this feature not only saves time but also enhances productivity by reducing manual intervention. Teams can monitor progress via a collaborative workspace and intuitive dashboard, allowing for real-time updates on project statuses.
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Raising your rates can of course be tricky, especially in these tough economic times when you’re keenly aware of both your pocketbook and your clients’. But raising your rates is far easier when you have all the information you need to set adequate rates and explain them to your clientele.
Read on for an overview of some best practices for keeping your firm’s data secure, a summary of your ethical and regulatory obligations when it comes to tech, a look at the risks and rewards of cloud-based legalsoftware, and resources that can help level-up the data security at your law firm.
Demand for compensation and (possibly) settlement amount Your demand letter should definitely provide some sense of the overall value of your client’s case and what could potentially be recovered at trial. Clio provides personal injury case management software that streamlines the demand letter drafting process from beginning to end.
During this time, your firm could miss out on potential clients while you’re waiting for the final product to be designed, reviewed, approved, and implemented. Running a legal practice is definitely one of those things. Running a legal practice is definitely one of those things.
Sponsored by Clio – the #1 legalsoftware for clients, cases, billing and more! www.legallyspeakingpodcast.com info@legallyspeakingpodcast.com Support the show Show notes Here are 3 reasons why you should listen to the full episode: Hear about how to look after your mental health as a legal professional.
The conversation focuses on LegalMation’s products, overcoming resistance to adopting new legal tech, and predictions for the future evolution of legal service delivery. Suh provides background on founding LegalMation about seven years ago to help streamline the “scut work” litigation associates spend time on. It was my mistake.
This helps him to start a marketing firm for the legal space in which he shares everything he wishes he knew when he started running his business. ??, ??? ?????? ??? ?? ????????? ??? You can catch Rob and Jordan talking about: What’s the definition of marketing in the legal profession?
She then founded the First 100 Years program in 2014, which looks closely at women’s contributions to the legal profession. This fearlessness has driven Dana to achieve an extraordinary amount of change in the legal industry. Dana was personally recognized numerous times both in the legal industry and beyond.
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