Apologies for this title! The intention is not to offend the lawyers. Whenever any new technology is invented, wise people start debating, that it’s going to replace the professionals like doctors, lawyers, engineers and etc… I’m a hardcore techie and the biggest admirer of technology. But!! In my view, any technology can’t beat the human […]
Billing is the subject that requires the least introduction. So, I’ll not waste much time in creating the context instead straightaway let’s get into our primary topic. Before I talk about ‘Billing Automation’, I would like to throw some statistics: Firm Type # Invoices/ month Inv. Amount/ Month Receipts/Month Small Law Firms (<50 people) 30 […]
No need to say, that time is the biggest resource for any professional. The importance of time becomes even more critical for leaders and managers. Because their plans directly impact the team’s productivity and eventually the whole firm. The key difference between a successful person and others is nothing but their Time Management. The last […]
Profitability! It’s one of the most used and important factors for any business. As always, we’re going to be super simple to explain the subject, Profitability and How do we calculate it. (No Bookish Language) Suppose you’re spending X on any team member. What you are making, X, 2X, 3X or 4X from him/her? We’ve […]
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? […]
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 […]
The term Data Analytics is extremely popular nowadays. In fact, it is employed in seminars and tech talks as a sophisticated vocabulary or a trendy topic to speak about. However, only a few people are aware of its practical implications. The purpose of this blog is to give you a basic grasp of buzzword data […]
Unpaid Invoices are one of the biggest issues for any law firm. It’s not law firms don’t have any process and ways for this, they have, but that involves human intervention and has its own drawbacks. Challenges with manual follow up: Time taking. Possibilities of human errors. And of course, Revenue Leakage. Solution by Legalxgen […]
Hola readers, I hope you found the previous blog on various billing types for law firms useful where we have talked about the following billing types: Fixed Fee Consolidated Hourly Fee Person Hourly Rated Fee Retainership Fee Milestone based Fee So, tell me, how confident you are now in choosing the right billing type for […]
Let us start by answering the very first question which might come to your mind. What is an Engagement Letter? It is a formal document that is exchanged between the client and the law firm or a lawyer. It describes various important aspects of any engagement such as: Scope of Work Timelines Cost Resources Terms […]
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