Tech Tip #276: Ethical Considerations For Outsourcing Legal Work

Ethical-Considerations-For-Outsourcing-Legal-Work

Outsourcing can be a useful way to scale your firm’s business, especially since reports show that lawyers spend up to six hours a day doing non-billable work. It’s common to outsource work such as court coverage, brief writing, marketing, bookkeeping and more. Just make sure you take into account the ethical considerations surrounding outsourcing. Whoever you decide to work with … Read More

Tech Tip #275: Three Ingredients for Law Firm Growth

Three-Ingredients-for-Law-Firm-Growth

Being a successful lawyer isn’t just about winning cases. Today’s modern lawyer must focus on business development and digital outreach to build a sustainable law firm. Here are three areas of focus that firms can capitalize on to promote law firm growth: The first area should you focus on is rainmaking. There are many routes you can take, but you … Read More

Tech Tip #274: Optimize Time and Billing Practices to Grow Your Firm

Optimize-Time-and-Billing-Practices-to-Grow-Your-Firm

One of the five pillars of running a successful law firm includes having a strong foundation for time tracking and billing practices. Optimizing your time tracking and billing leads to three benefits: Compliance: Keeping accurate real-time balances at the matter level allows firms to catch inaccuracies and issues earlier on.  Happier clients: Easy-to-understand and accurate billing practices make it easier … Read More

Tech Tip #272: 5 Ways to Support Healthy Cash Flow and Profits at Your Firm

5-Ways-to-Support-Healthy-Cash-Flow-and-Profits

When you think of law firm billing workflows, you think of daily time and expense tracking entries, account reviews, generating invoices, sending out invoices, recording payments and sending out collections reminders. There are a lot of little steps that go into billing, but if you follow these 5 tips, you’ll be able to support a healthy cash flow and profits … Read More

Tech Tip #269: Regularly Review Your Profit & Loss Statement

Regularly-Review-Your-P&L-Statement

Knowing your firm’s revenue doesn’t actually determine how well your firm is doing. You need to look at your profit and loss statement (P&L statement), which takes into account both your revenue and expenses. Regularly checking your firm’s profit and loss statement will allow you to be more proactive with reducing expenses and increasing revenue-generators. Below are a few action-oriented … Read More

Tech Tip #267: Seven Data Points to Consider When Switching Practice Management Systems

Data-Points-to-Consider-When-Switching-Practice-Management-Systems

If you’re thinking about switching law practice management systems, don’t forget to take into account the data migration process. This process can be costly and time-consuming, so you’ll want to make sure you get it right the first time. Here are seven data points that both you and the software provider should consider during the migration process: Matter information, including … Read More

Tech Tip #266: Use LinkedIn to Build Relationships into Clients

Use-LinkedIn-to-Build-Relationships-into-Clients

LinkedIn is a powerful business development tool for lawyers if used correctly. Luckily, it’ll only take 10 minutes a day to increase your exposure and relationships.  First off, just having a basic profile is not enough. Create a profile that highlights all of your accomplishments and expertise: Your profile photo should be clear, professional, and not pixelated. Your job title … Read More