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You can look at] small data, I mean think about it, you’ve got a corpus of information in your lawfirm through which you can measure your clients and your staff and the activity of those two groups. Smart lawfirms are motivated to track effectively because if you want to get paid you want to track your financial information.
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Not surprisingly, the pandemic drove greater use of electronic payments across all industries, with the volume of electronic payments up 11.2 % in the first quarter of 2021 over the prior year. Notably, for lawfirms that adopted e-payments and offered clients the ability to pay online, the benefits were tangible, the report finds.
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While TikTok presents a great opportunity for lawfirms to market their services, many attorneys are unsure of how to use the app or whether it is worth the investment. TikTok garnered serious virality in 2020 and 2021, and other social media platforms like Instagram and YouTube have taken note. Kelly Chang @lawyerkelly.
Client testimonials, case studies, and other recognition in outward-facing marketing materials have proven impactful for lawfirms and individual lawyers. A study in 2021 found that 70% of buyers read a review before making a purchase. However, the way clients choose one firm from another is similar.
Building a strong lawfirm brand can help you stand out. This figure excludes profits for lawfirm partners or shareholders. Between 2021 and 2023, average lawyer wages increased by 19.2%. Lawfirm security statistics Which security tools are most commonly used in lawfirms?
This first report, published last week , looks at lawfirm productivity, using anonymized data from lawyers who are MyCase customers. It found that, overall, the number of billable hours lawyers captured using the time-tracking tools in MyCase more than doubled from 2021 to 2022, for a total of 18,426,955 hours. “The
Most recently, on March 2, the new managers at FTX told the Delaware bankruptcy court they had identified a deficit of $8.9 The cases are largely filed in Delaware bankruptcy court, but actions have been filed in state and federal courts nationwide. According to FOIAengine , Silverman’s FOIA request was filed on September 30, 2021.
These principles help lawfirms correctly submit invoices, track expenses, and create detailed reports in a consistent manner. LEDES was released to the legal world in 1998 and facilitated the exchange of legal billing information between lawfirms and corporate clients. What is LEDES billing? Eager to learn more?
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It works like Amazon’s product tags, where a user can search for a specific area of law, such as patent law, and then choose between various services such as advice, registration, transactional, dispute, or bankruptcy services. And the side benefit of that is then the API calls that, you know, he can open that up to lawfirms.
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