Let our advance worrying become advance thinking and planning.

– Winston Churchill

“Future….!”

It’s something everybody is extremely cautious about. I’m sure, you too would have planned many things to secure it for yourself and the family. Isn’t it? 🤨

But!! How about the future of your Law Firm? Have you Future Proofed it?

Do you feel the meetings you conduct every week in the name of planning is fruitful and taking it to some conclusion with regards to Future Proofing your Firm?

Anyways as always, we’ve explored and identified the key points to make your Law Firm Future Proof.

1. Stay Updated
   Law is a subject that always goes through massive changes, especially in the global arena we’re living in.
   
   These are the two points that could help you to stay updated.
   • New Laws
     It is no longer simply a question of understanding the law; it is now necessary to get it right, and then to make sure you are compliant with the new laws.
   • Efficient Team
     In the world of business, the most important factor to guarantee success is an exceptional team.

     When you have a competent team of lawyers shielded by experience and resources, you can formulate great strategies that elevate your law firm.

2. Processes
   The process is something that’s most underrated. If it’s to be discussed at any conference people can talk about hours and hours. But, when it comes to implementation, many people still have apprehension that it’s just a theoretical concept.
   
   But mark my words, it’s the process only that’s the differentiator between Successful and Not Successful.
   
   Ensure that you must follow these crucial procedures: –
   • Keep a track of Client & Matters
   • Sharing an Engagement Letter is always ideal
   • Clarity about Pricing
   • Time Recording
   • Ontime Billing
   • Receipts & follow up on Pending Invoices/ Bills
3. Technology Advancement
   Technology can never replace the human brain. But it can surely eliminate lot’s unproductive (admin works) from your schedule and could enable you to focus on your core. Many repetitive tasks could be simply automated with speed with accuracy.
   
   Following are the areas where technology is immensely useful to law firms:
   • Collaboration with Team and Clients
   • Productivity boost by 35-40%
   • Revenue Leakage (Unbilled Work and Unpaid Invoices) is minimized by 30%.
   • Data driven decision making.

There are so much that you get due to as a biproduct of process and technology.

Legalxgen acts as a catalyst for productivity and growth. We’ve been successful in boosting the revenue to 1.3X with the same team and setup.

We would love to walk you through and explain the values Legalxgen could bring to your law firm. Reach out to us at relationships@legalxgen.com for a personalized demo.