Why Law Firms with Payment Options on Their Websites Have Higher Liquidity

Why Law Firms with Payment Options on Their Websites Have Higher Liquidity

We don’t want to ruffle any feathers, but we have to say it: there’s more to operating a successful law firm than practicing law. Sure, it’s a pretty big prerequisite, but at the end of the day, a law firm is also a business.   And as businesses, law firms do need to consider things like online reviews, payment processing, utility … Read More

How to Ensure Your Accounting Data is Kept Safe from Cyber Threats

How to Ensure Your Accounting Data is Kept Safe from Cyber Threats

Last year, cyber attacks cost companies over $6 billion. By 2025, that number is expected to climb to $10.5 billion. Considering that someone falls prey to a new cyber attack every 39 seconds, it’s essential for firms to implement robust security measures to protect sensitive financial data and client information.  A data breach can result in a tarnished reputation, loss … Read More

How Secure File-Sharing and eSignatures Can Streamline the Legal Process

How Secure File-Sharing and eSignatures Can Streamline the Legal Process

It’s no secret that legal professionals are some of the busiest people around. Even the non-billable operational tasks of running a law firm—from managing client intake to billing and invoicing—can leave attorneys to feel stretched thin.  If you’ve been on the hunt for ways to increase your efficiency and streamline tasks at your law firm, you’re not alone. There are … Read More

How to Choose the Best Legal Practice Management Software for Your Firm

How to Choose the Best Legal Practice Management Software for Your Firm

Managing a law practice without the right technology can quickly become overwhelming, as administrative burdens and lack of organization can detract from your efforts to provide top-notch legal services.  The right legal practice management software can be a real game-changer, though. When you choose the right software for your firm, you enjoy improved efficiency, collaboration, and case management.  But how … Read More

Back to Basics: Legal Accounting vs. General Accounting

Back to Basics: Legal Accounting vs. General Accounting

When it comes to keeping accurate records of your law firm’s accounts, it’s essential to make sure you’re using tools for the job that give you a clear picture of your firm’s performance and meet your legal, regulatory, and ethical requirements.  Many firms, however, use outdated accounting methods or an assortment of industry-agnostic tools that don’t account for the unique … Read More

Six Common Legal Accounting Mistakes to Avoid

Six Common Legal Accounting Mistakes to Avoid

Managing a successful law practice is no easy task, and the financial aspect is as complicated as it is important to your firm’s overall health.   In an industry where precision and accuracy are paramount, proper accounting is crucial to safeguarding your client’s interests and keeping your practice afloat.   By better understanding common legal accounting mistakes, you’ll be better equipped … Read More

Avoid These Common Billing and Collection Inefficiencies (and Increase Your Cash Flow)

Avoid These Common Billing and Collection Inefficiencies (and Increase Your Cash Flow)

Money makes the world go ‘round—and that includes law firms. And that’s why billing and collection processes are a critical aspect of running a law firm of any size. Yet many small law firms and solo practices struggle with billing and payments because they operate with fewer resources than their larger counterparts.   The result? Inefficient workflows and cash flow problems.   … Read More

The Total Package: Streamline Your Tech Stack

The Total Package: Streamline Your Tech Stack

Like most attorneys, you likely rely on a range of different tools designed to help you run your law firm more efficiently, productively, and profitability. But the question is, are these different technologies actually providing you with the best solution?  If you’re cobbling together a system to run your law firm, the answer to that question is probably “no.”  A … Read More

Back to Basics: Trust Accounting for Small Law Firms

Back to Basics: Trust Accounting for Small Law Firms

Trust accounts are among the most complex aspects of running a law firm—and they can be especially intimidating for small firms because there are fewer people to bear the fiduciary responsibility.   To add to the stress, compliance mistakes with trust or IOLTA accounts can lead to serious consequences, ranging from fines to disbarment.   But you don’t have to let the … Read More

Five Ways to Improve the Client Experience at Your Law Firm

Five Ways to Improve the Client Experience at Your Law Firm

One of the greatest advantages of managing a solo practice or small law firm? The ability to work closely with your clients.   You get the opportunity to truly know each client who walks through your door, and as a result, you can better serve them. Additionally, building close relationships with clients increases the chance that they’ll be satisfied with your … Read More