Billing is one of the least favorite activities associated with running a law firm, but it’s an absolute must if you want to get paid for the work you’ve done. A few common challenges make it harder than it needs to be. By using the right approach and efficient tools you can make billing easier and create a streamlined process … Read More
Ask an Expert: Better Billing & Faster Payments
Billing can be tedious and time-consuming—but it doesn’t have to be. With the right processes in place, you can be on your way to streamlined billing that gets your invoices paid quickly. We got together with Amanda Hyuck from AffiniPay, the company behind LawPay, to find out what key areas law firms can focus on to improve billing, reduce the … Read More
Grow Your Law Firm With Data-Driven Decisions
Making data-driven decisions is a powerful tactic that can help any business, including law firms. Basing strategy and initiatives off of numbers and trends makes it much easier to identify challenges, opportunities for growth, and help keep a competitive edge. In order to see the big picture and make informed decisions, there are key metrics that will give you the … Read More
Tech Tip #257: Know Where Firm Revenue is Coming From to Grow
Running a practice involves many moving parts, but a key area legal accounting many firms don’t capitalize on is tracking where revenue is coming from. By closely looking at where income is being generated, you can make decisions about your firm using accurate data, opening the door to new business opportunities by creating valuable business intelligence around cases types and … Read More
Feature Spotlight: Client Portal
With much of our information now in digital form, law firms are looking for more convenient ways to share information with their clients. While email tends to be a common channel, it is not a secure one. A client portal is a digital gateway between a business and their client where they can share documents and other information securely. Most … Read More
Procuring Profitability in Your Law Firm
Billing seems like it should be straight-forward, but there’s a lot more to it than you might think. Done the right way, you can turn it into a profit-building activity while avoiding damage to your reputation, clients, and bottom line. Once you know the dos and don’ts of law firm billing, you’ll be ready to improve your billing processes and … Read More
Tech Tip #256: Identify Key Metrics to Determine Your Law Firm’s Success
If you want to run a successful practice, it’s important to identify key metrics to evaluate. For example, within cases you evaluate your average revenue per case, how many days it takes for a lead to call you for them to schedule a consultation, and how many of those leads become clients. These numbers will help you identify areas for … Read More
Tech Tip #255: Law Firms Should Handle Bad Online Reviews Properly
Online reviews can be very powerful, but when someone leaves a negative review it’s critical you take the time to respond and address the review. Otherwise, potential clients are only seeing one side of the story and then come to their own conclusions. Avoid responding defensively and instead answer humbly, transparently and professionally, giving yourself and your firm the voice … Read More
Ask an Expert Series: Better Business Practices for Lawyers
You may work in legal, but the success of your firm is pure business. Many of the best practices that apply to the business world translate directly to the legal industry as well. There are three basic principles that make up best business practices: planning for success, making good decisions, and focusing on the culture of your business from the … Read More
Better Billing Practices and More
In April we’ll be focusing on all the ways you can improve your billing and increase profits at your law firm with “Better Billing Practices and More.” Billing your clients may seem straight-forward but taking a closer look can be the difference between healthy cash flow and always waiting for the next check to come in. Check out our upcoming … Read More