20 04
In many situations, part of being an attorney is being the fiduciary for your clients. This means you are responsible for making sure that all financial activity concerning the case being worked on is handled appropriately. In personal injury cases, workers compensation cases, family law, and bankruptcy cases, among others, it is common to have […]
19 04
Thankfully we live in a day and age where there is a wide range of technology available to attorneys and their law firms. This technology can improve productivity, accuracy, and a firm’s ability to remain effective wherever they are working. With these benefits, there are also new security concerns that come into play. Attorneys deal […]
14 04
Trust retainers should only be posted to the correct client funds liability accounts. All too often attorneys post retainers as fee income. This is wrong and could be harmful to your practice. Utilize practice management software that has safeguards in place to ensure that all of your client retainers are appropriately posted, otherwise, you could […]
11 04
Attorneys are often dealing with financial information. This can be their own finances or their clients. More and more of the solutions used to manage this information can now be found in the cloud. Because this financial information is so sensitive, simply having a user enter a password to access it is not enough. Guard […]
6 04
Many firms set up their revenue distribution models based on productivity. In order to have an effective model in place, your firm needs to know who the originating attorney is, who is the person responsible for overall efficiency, what contributions have timekeepers made, and what contributions have been made to non-billable time. Learn more about […]
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