Productivity Multipliers: An Overview

Trust Accounting

Don’t make the mistake of being so focused on the law that you forget about managing your legal practice. Without a unified practice management strategy and the legal software to support it, you are doomed to constantly floundering around wondering why your work never gets done. A well-organized office handles more cases and generates more revenue but there are other benefits to improving productivity.

When you are productive, you are focused. You didn’t spend all that time and money on law school to be a file clerk, collection agent or secretary. Get control of your practice management to spend less time as an administrator and more time as an attorney. Be more organized so you are less likely to commit unintentional mistakes that lead to lost cases or even ethics complaints. Have more time for the things that are really important like family and friends.

Over the next few weeks we are going to talk about the secret to a successful, lucrative and (relatively) low stress law practice: the productivity multiplier.

What Is A Productivity Multiplier?

When you find a faster way to accomplish a task, you can do more in a day and that boosts productivity. That’s a pretty simple concept. However among these many practice management options you’ll find a few crucial strategies that work together to provide disproportionate benefits. They build upon each other providing far more benefit together than they do alone. Mastering these strategies is essential to a well run legal practice.

It’s like teamwork. A coordinated and well-managed team of people will accomplish far more than they could working as individuals. That kind of synergy is an important concept in managing people, but it also is true when managing a legal office. We call those critical strategies productivity multipliers.

The nine best productivity multipliers we have found are:

  1. Efficient Billing And Collection
  2. Integrated Trust Accounting System
  3. Automation Using Workflows
  4. Integrated Calendaring And Tasks
  5. Team Collaboration
  6. Comprehensive Overview
  7. Matter-Centric Recordkeeping
  8. Paperless Office
  9. Cloud Productivity

We will look at these components in more depth in future posts, not only looking at the benefits of each one but how they work together to multiply productivity. You will also see how CosmoLex law firm management software provides a comprehensive solution for implementing these strategies in your practice. Stay tuned to future blog posts to learn how to bring your practice into the 21st century.


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