In today’s competitive legal market, running a law business is no easy affair. Regardless of their practice areas, most organisations encounter comparable obstacles. To solve three of the most prevalent difficulties that any legal firm faces, firms frequently experiment with alternative strategies and tools. Increasing revenues and controlling cost Speed Accuracy So, how do you […]
Does your law firm offer online payments options to your clients? If not, now is the time to begin! The use of credit cards for payment in India was not acceptable before the 90s. However, Legal consumers today have different expectations than legal consumers five years back. Whether it’s with their bank, doctor, or their lawyer, […]
In recent days, the essence of WFH has pervaded many organisations and the workforce. While few people consider it a blessing, some find it incredibly difficult! The reaction has always been mixed. Like everything else in life, all options have advantages and disadvantages. I’d like to share some thoughts on these possibilities. Individual preferences may influence […]
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 […]
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 […]
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