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According to the American Bar Association, as of 2016, there are 1,315,561 licensed lawyers in the United States (check out this interactive map to see the number breakdown by state). And with a 10% projected job growth (which is faster than the average for other occupations), it’s safe to say that the need to stay […]
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As an attorney, you know your time is not free. How much time do you think is lost to simply billing, invoicing clients, and keeping track of multiple forms of communication with clients? Employing technology that brings these activities together and automates some of these processes will cut down on errors and free up more […]
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You probably use retainers to secure cash flow from clients. Heading into 2018, the last thing you want is for your accounting related to client trust funds to be out of order. Some things you should make sure of or clean up before the new year hits are; ensuring that no clients’ funds are commingled […]
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Back in 2014, we published a post titled, “Are Law Firms Letting Technology Pass Them By?” Over three years later, a lot has changed when it comes to the software and services out there, but the question remains: Is your law firm taking advantage of the right technology to make business run as smooth as […]
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There are 3 major components of legal business accounting: Client Funds Accounting, Matter Cost Accounting, & Back Office Accounting. All three need to be integrated and work alongside each other. To do this effectively, find an accounting solution that takes the specific needs of a law firm into account, eliminates double data entry, has the […]
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