As we approach the end of the year, many legal professionals will be thinking about making some tax-deductible expenditures to give their firms a little extra shine and reduce their tax bill in the process. While it’s a great idea to grab some new gear while improving your tax position, you don’t want to eat into your profits unnecessarily, so … Read More
The Rise of the Data-Driven Law Firm
In today’s fast-paced legal landscape, data is no longer just a buzzword; it’s a game-changer. The rise of data-driven law firms is reshaping the industry, and for a good reason. Law firms harnessing the power of data are not only improving decision-making but also increasing profitability while delivering superior services to their clients. Legal Talk Network Podcast recently sat down … Read More
A Primer on Deciding When to Change Your Law Firm’s Accounting Software
Is your law firm’s accounting software causing headaches, frustration, and general annoyance among its users? If so, it may mean it’s time for a change. As your law firm evolves, so do its needs, especially when it comes to accounting and practice management support. But how do you know when it’s the right time to upgrade your law firm accounting … Read More
Why SEO Is Essential for Your Law Firm Website
These days, your law firm’s website has to be more than just a digital business card. It must be a beacon, guiding potential clients through the fog of countless search results. But how do you ensure that this beacon shines brightly enough to be seen by those in need of your legal expertise? The answer lies in the art and … Read More
Five Reasons Why a Financial Forecast is Critical to Your Law Firm’s Success
In the dynamic world of legal practice, most principals, owners, and managing partners know that financial forecasting is an indispensable tool for law firms aiming to achieve stability and long-term success. By leveraging historical data and market trends, financial forecasts empower law firms to make informed decisions, set realistic goals, and ensure efficient financial management. Let’s explore the benefits of … Read More
How Legal-Specific Accounting Software Helps Lawyers
As a law firm owner, you’re no stranger to the complexities of running a practice. You’ve got a million things on your plate, and accounting is just one of them. It’s easy to think your current business accounting software is doing the job just fine. But the truth is, legal practices have unique needs that standard tools often overlook. We … Read More
Get Going and Keep Growing with Lawyer’s Business Suite from CosmoLex
Running a law firm in the digital age poses unique challenges. From attracting new clients to managing your leads, cases, time, billing, and accounting, a successful law firm needs more than just a team of skilled lawyers. It requires effective systems in place to ensure smooth operations. Fortunately, there’s a solution that can streamline these processes and accelerate your firm’s … Read More
What Every Attorney Needs to Know About IOLTA
Are you grappling with the complexities of managing Interest on Lawyer’s Trust Accounts (IOLTA)? Ever felt overwhelmed by the meticulous record-keeping, stringent regulations, and the high stakes of handling client funds? You’re not alone. Many attorneys, solo and small law firms, new attorneys, and paralegals face these challenges daily. But understanding IOLTA accounts is not just a regulatory requirement—it’s a … Read More
How to Prevent Losing Potential Clients (Hint: It’s Marketing Automation)
Most law firms know that marketing is a critical component of success, but keeping clients moving through the sales funnel can be challenging for busy attorneys who are already stretched thin with billable work. Using marketing automation with a client relationship management (CRM) software is an excellent strategy for keeping prospective clients from slipping through the cracks or turning to … Read More
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