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 […]
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? […]
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 […]
Happy employees mean happy customers and better profits! But do you know Lawyers are one of the least happy careers in the United States. They rate their career happiness 2.6 out of 5 stars which puts them in the bottom 7% of careers. Moreover, only 44% of Big Law lawyers report satisfaction with their profession, […]
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 […]
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 […]
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