Are you still using manual processes for legal research, document generation, and workflow in your law firm? Let me make it crystal clear, YOU ARE LAGGING. According to a recent McKinsey Global Institute study, at least 23% of a lawyer’s job can be automated through the usage of existing solutions and applications. These technologies assist […]
Do you know that having a social media presence has become a must for doing business in today’s society and this is equally applicable to law firms? In fact, 4.62 billion people currently use social media and as of 2019 and 2020, the average daily social media usage of internet users worldwide amounted to 145 […]
I’m sure you must be familiar with this kind of document storage. In fact, this is a typical example of how most people organize their documents. (Maybe in your case it could be slightly better by creating various folder structures or the client names etc.) Do you feel this kind of document storage is helpful? […]
Are we on the same page if I say the key to a profitable law firm is closely related to its billing practices, though it’s not as simple as it appears? From staying current to eliminating leakage and lost billable hours to correctly handling matter-level allocations, there’s a lot that goes into a solid billing […]
According to the Legal Trends Report for 2021, your firm’s utilization rate allows you to assess the workload and productivity of your firm. It’s one of the most crucial KPIs for legal companies to monitor. Utilization, Productivity and Profitability are the terms that often confuse. In this article, we’re going to discuss Utilization & its […]
You must be wondering it’s been only a week and I am asking you if you could imagine, a day or a world without lawyers? Well, without troubling you further let me tell you the purpose of today’s blog is to understand the importance of the legal profession. So many people believe that the world […]
Do you remember your last year’s (new) resolution? Yes, definitely. Before telling me what your new year’s resolution is to tell me do you even remember your last year’s resolution? If you do, tell me how far have you been successful in executing the same? No??? “Oh Please! Don’t be kidding” This must be your […]
Isn’t it quite obvious that regardless of the sector a firm belongs to, the profitability factor is quite universal? No matter the size or scope of the business or the industry in which it operates, a company’s objective is always to make a profit. Profitability, in general, is defined as bringing in more revenue than […]
Any organization is driven by a team and it’s the right team that helps to achieve the goal and growth. Building the right team is one of the most challenging things for any business. Why is hiring challenging? Every human is different and dealing with them is not easy. Lack of process. Nothing could be […]
We are all aware of the need for recycling paper, metal, and glass. But how often do we consider incorporating sustainable business methods into our operations? According to the Big Four firm KPMG’s 2020 Survey of Sustainability Reporting, “The Time Has Come,” 80% of prominent corporations worldwide currently report on sustainability. Although 90% of executives […]
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