14
Mar
When a law firm decides to upgrade its legal software by moving to the cloud, it invests in its future. While migrating data is an involved process, the benefits of...
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13
Mar
Attorneys are attorneys, but any attorney with their salt also knows that they have responsibilities tied to accounting matters as well. Many firms use software to help manage some of...
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01
Mar
Managing a law firm is much like any other business, you need to find your most successful areas and grow from there. Implementing a practice management system that allows you...
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27
Feb
Most small firms are looking for ways to grow and expand their business. There are 3 things all of these firms can do to grow: Make sure you are tracking profit...
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22
Feb
Trust accounts are something that is specific to legal accounting, so your firm should be using an accounting system that is legal specific. Generic systems may offer workarounds, but they...
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21
Feb
“Follow the money. Always follow the money.” When Deep Throat said this to Woodward in All the President’s Men, he may not have been referring to legal practice, but the rule...
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20
Feb
Attorneys need to strictly manage their matter ledgers. Failure to do so can result in overdrafts or the commingling of client funds. All of this can result in ethics violations...
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15
Feb
Many businesses will tout their flexibility in many different areas, but when it comes to retainer management your firm can’t afford to be flexible. Having clear and defined processes in...
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14
Feb
Trust accounting is not just about reconciling and regular reporting; the fact that client retainers can also be held in a trust account necessitates that both billing and accounting activities...
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13
Feb
Most attorneys use client retainers to maintain positive cash flow for their firm. It’s important to be aware of the most common pitfalls associated with client retainers. If your firm...
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