At the end of the day, the number one goal of your law firm’s website is to be a sales tool. You want the experience for potential clients to be as smooth as possible and you want to set the right expectations. One quick tip is to set up email responders for your forms (of course, that assumes you already … Read More
10 Metrics Law Firms Should Track
Like every other business, law firms should be making data-driven decisions in order to succeed. Data can provide insights to answer key questions such as to what initiatives have the most likelihood of increasing profits or where expenses can be reduced. By analyzing and reviewing key metrics, you can make informed decisions for the firm’s future. Work in Progress & … Read More
5 Billing Best Practices Used by Profitable Law Firms
The key to a profitable law firm is directly tied to billing, but it’s not as simple as sending out an invoice. From staying current to eliminating leakage and lost billable hours to correctly handling matter-level allocations, there’s a lot that goes into a solid billing process. To have a strong bottom line, firms need to take proactive steps to … Read More
Getting to Know Cloud Practice Management: Pros, Cons, and Everything in Between
Running a law firm can be challenging, especially with all of the tasks that go along with managing a successful practice. To make your firm as efficient as possible it’s important to choose the right technology to fit your needs. With all the talk about the cloud, you may be wondering whether it’s the right choice for you. In our … Read More
Question of the Week: What’s the best way to run a conflict of interest check?
Every client intake process should start with a conflict of interest check to avoid any compliance issues or potential malpractice claims. During the check, you’ll want to see if there are any ties between the prospective client and any of your connections, including previous clients as well as non-matter related relationships. Once connections are found, you’ll need to determine if … Read More
Tech Tip #270: The Tools You Use to Manage Your Practice Have an Impact on Your Bottom Line
There are countless tools out there that help lawyers manage their practice, such as with billing, accounting, and matter management, but there are hidden costs that many lawyers are not aware of. Simply finding different tools to handle different aspects of your firm can actually be hurting your bottom line. For example, how are you capturing your time throughout the … Read More
Question of the Week: Why do I need to run three-way reconciliations and how do I do it?
Three-way reconciliations are one of the most critical components of trust accounting. This particular report verifies the accuracy of three balances in order to make sure there is no apparent fraudulent behavior or bookkeeping mistakes. While these reports are necessary for compliant trust accounting, they’re also extremely helpful for any firm who wants to ensure accuracy and mitigate the risk … Read More
Is Your Law Firm’s Website Designed to Bring In Leads?
You can’t be everywhere at once, so the best way to continue to bring in business while you’re focusing on billable hours is to make sure your digital presence and law firm’s website is designed to attract leads. Websites are just one component of digital marketing but if someone has made their way to your website, there’s a good chance … Read More
Question of the Week: Why should my law firm have a business plan?
No matter what stage your law firm is in, from brand new practice to an established firm, a business plan can provide guidance and direction to help your firm meet its goals and achieve success. Without a laid-out strategy and expectations, a firm is often working toward goals but less effectively than if there was a tangible objective and plan … Read More
7 Ways for Lawyers to Hit a Home Run With Their Blog Topics
Blogging is an excellent way to boost your website’s search engine rankings and to create thought leadership on a particular practice area or topic, solidifying your personal brand and establishing you as a known expert. While many lawyers are familiar with the benefits of blogging, it’s challenging to regularly come up with topics readers are going to be interested in. … Read More