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Strategic Planning for Law Firms: A Comprehensive Guide for Success

Rocket Matter

In an industry of precision, trust, and consistency, law firms need to plan strategically to achieve sustainable growth. The legal landscape is changing fast, and law firms are under pressure to become more efficient, deliver better client service, and be more adaptable to stay competitive.

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Smart Ways to Use ChatGPT at Your Law Practice—Without Getting into Hot Water

Rocket Matter

By streamlining tasks, including marketing and client communications (which any lawyer knows can take up more time than expected), law firms that leverage AI can increase their profitability and productivity. Understandably, many law firms are cautious about utilizing ChatGPT and other AI tools.

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Not the Witching Hour, the Billable Hour: Unraveling the Mysteries of Law Firm Billing

Rocket Matter

For firms that use hourly rates, clients are billed for this time by the hour. Billable hours are the basis of most legal fee calculations, and putting in enough billable hours is essential to the profitability of law firms—that’s why they generally seek to maximize the number of billable hours that associates and partners put in.

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Matter Cost Tracking Made Simple

Rocket Matter

Hard matter costs might include: Court costs Depositions Expert witness fees Filing fees Mediation fees Medical record expenses Printing costs Transcription costs Travel expenses Soft matter costs Expenses that are less explicit are considered soft costs.

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How Automatic Time Tracking Can Boost Profitability and Decrease Your Workload

Rocket Matter

OK, that’s going way back.) New tools and technologies are emerging every day that provide law firms with advantages and opportunities. Download free guide Establish accurate fees and rates Law firms that offer fee structures beyond the billable hour need to know how much time is required for each project type.