While your legal practice management software keeps the daily work of a law firm moving, legal CRM software makes it easier to bring in new clients, engage current clients, and increase your profits. But not all legal CRMs are created equal. Look for these six features when choosing a legal CRM—and put them to work for your law firm.
After assessing your firm’s financial health and organization, it’s time to shift your focus to client relations and growth opportunities. Here are some questions to consider to help you strengthen your relationships with clients and plan for growth in the upcoming year.
Client retention is generally more cost-effective than acquiring new clients. A simple thank-you note or a small token of appreciation can go a long way.
CRM (client relationship management) software can enhance these efforts by allowing you to keep track of personalized information like special dates, client preferences, or past interactions, making your appreciation efforts even more impactful. This enhances client relationships and can drive referrals and positive reviews, boosting your firm’s reputation.
Reviewing vendor contracts is crucial for optimizing expenses and ensuring you’re getting the best value for your firm. Secure document storage and sharing can assist in this process by providing a centralized location for all your contracts, making them easily accessible for review.
This way, sensitive information remains confidential, and you can keep track of terms, renewal dates, and compliance requirements. The information can help you negotiate better terms and avoid unexpected costs or service interruptions.
Strategic planning is crucial for any business, including law firms. Outline your goals for the coming year, whether expanding your client base, entering a new practice area, or implementing new technologies.
Robust reporting tools can help you analyze your firm’s performance and identify areas for growth. A well-thought-out plan can serve as a roadmap, helping you allocate resources more effectively.
Your online presence is often the first impression potential clients have of your firm. An outdated or poorly designed website can deter potential clients, so this is an area worth investing in.
Evaluate the effectiveness of your current website (or have an outside assessment) and consider updating it to reflect your services and expertise better. Specialized website services for law firms ensure that your online presence is professional and delivers an excellent user experience.
Team alignment is vital for achieving your firm’s objectives. Regular team meetings and performance reviews help keep everyone on the same page. Another source of support here is a comprehensive practice management system with tools for task management, performance metrics, and communication, ensuring everyone knows their role in achieving the firm’s goals.
Now that you’ve asked all the right questions, you’re on track for success in the new year.
Start things off right with a comprehensive, legal-specific software solution: CosmoLex streamlines your law firm’s operations, making it easier to focus on what you do best—practicing law. Here’s how CosmoLex can support each phase of your year-end close:
These features contribute to a smooth and efficient year-end close, setting the stage for a successful new year. If you’re ready to make 2024 the best year yet, sign up for a free trial of CosmoLex today.
While your legal practice management software keeps the daily work of a law firm moving, legal CRM software makes it easier to bring in new clients, engage current clients, and increase your profits. But not all legal CRMs are created equal. Look for these six features when choosing a legal CRM—and put them to work for your law firm.
CosmoLex is part of ProfitSolv, a collection of best-in-class software solutions for professional services firms, allowing the freedom for growth and innovation. Using a product-centric and customer-first approach, ProfitSolv collaborates with firms to offer better client services.
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