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Milestones, Startup that Automates Client Updates, Raises $2.1M Seed Round, Rebrands As Hona

Above the Law - Technology

The company, founded in 2021, had previously raised $500,000 in pre-seed funding. ” The majority of the company’s customers are plaintiffs’ personal injury law firms, Griffiths said, but it also has a number of firms in areas such as bankruptcy, criminal defense, employment, family law, and immigration.

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Passive Timekeeping Can Earn A Lawyer An Extra $22K A Year, MyCase Data Analysis Shows

LawSites

Now, an analysis of passive timekeeping data by the law practice management company MyCase finds that lawyers who use passive timekeeping billed an extra 64 hours last year. By practice area, the average per-case number of reminders sent was highest in personal injury and bankruptcy, and lowest in family law and matrimonial.

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Report: Law Firms that Adopt E-Payments See Speedier Collections, Increased Revenues

LawSites

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. during the first quarter of 2021.

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Everything You Need to Know About Law Firm Revenue

Clio

Practice area Even within the same region, the potential revenue a law firm can bring in depends heavily on the practice area. That’s followed closely by bankruptcy law at $343 per hour and intellectual property law at $342 per hour. According to the 2022 Legal Trends Report , the average collection rate was 89% in 2021.

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Passive Timekeeping Can Earn A Lawyer An Extra $22K A Year, MyCase Data Analysis Shows

Legal Tech Monitor

Now, an analysis of passive timekeeping data by the law practice management company MyCase finds that lawyers who use passive timekeeping billed an extra 64 hours last year. By practice area, the average per-case number of reminders sent was highest in personal injury and bankruptcy, and lowest in family law and matrimonial.

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What is LEDES Billing? A Guide for Lawyers

Clio

Today, with growing law firms being 37% more likely to use online payments (according to our 2021 Legal Trends Report ), it’s no surprise that LEDES has become increasingly fundamental for thriving law firms around the world. Enabling UTBMS codes in Clio Manage Enabling UTBMS codes in Clio Manage is an easy process.

Lawyer 59
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Takeaways from ABA TECHSHOW 2023

Legal Tech Monitor

After 2021 resulted in a virtual TECHSHOW and 2022 was a hybrid show, the consensus among attendees was that it was great to be 100% in person again. We attended a day-long retreat with practice management advisors from across the U.S. For us, the ABA TECHSHOW began on Wednesday. and Canada.