Attorney at Work

FEBRUARY 8, 2022

Depending on your point of view, there’s either lots new or “not so much” new with law firm ownership. In a nutshell, it says that lawyers must own law firms. New Developments in Law Firm Ownership. Australia and the United Kingdom already permit outside ownership of law firms.

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Above the Law - Technology

JULY 10, 2023

Since launching to the legal market in 2021, the matter management platform Dashboard Legal has built a loyal following among law firm associates, who find it a superior alternative to updating and circulating checklists in Microsoft Word or Excel, says founder and CEO Mat Rotenberg.

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Attorney at Work

OCTOBER 5, 2021

Advisory firm CEB estimates that the percentage is 40%. Small law firms are not immune to this trend. How many law firm services are in the cloud, especially today? Often, they think the evasion of the policy is good for the law firm, that it allows for better solutions. The likely answer is no.

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Attorney at Work

DECEMBER 22, 2021

Smokeball has an unusual name, to be sure; but, it actually comes from a famous legal case , which just about every substantive law-loving attorney can appreciate. (I Smokeball was founded in 2010 and has been adding useful features for law firms ever since. I love the smell of precedent in the morning.)

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Clio

SEPTEMBER 11, 2024

If there has been one constant about the qualifications to own an American law firm, it has been this–you must be a lawyer. jurisdictions for decades has been that non-lawyers cannot own law firms. Whether or not you are an attorney, running a law firm is a huge challenge, but the right software can help.

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LawSites

AUGUST 17, 2021

law firms have made little progress towards achieving greater diversity, with only minimal gains over the last seven years, according to a new analysis by Law360 Pulse. More strikingly, in the seven years since 2014, the percentage of minority attorneys in law firms rose just four points, from 14.1% of equity partners.

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Legal Talk Network

JUNE 28, 2022

You can look at] small data, I mean think about it, you’ve got a corpus of information in your law firm through which you can measure your clients and your staff and the activity of those two groups. Smart law firms are motivated to track effectively because if you want to get paid you want to track your financial information.

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Attorney at Work

OCTOBER 14, 2022

Think Again About the Cybersecurity Risks of Small Law Firms. It is astonishing how often small law firms tell us that they are too small to be at serious risk for cyberattacks. Nevertheless, there are plenty of publicly known small firm breaches. Why Are Small Firms at Great Risk?

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Attorney at Work

SEPTEMBER 23, 2022

Here’s how to turn law firm hiring and retention challenges to your advantage. A late 2021 survey by McKinsey & Company found 40% of employees in the U.S. Law firms are no exception. As Lawyers Seek Greener Pastures, Talent Retention Becomes Law Firms’ Top Concern. Flip the Script on Geography.

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LawSites

DECEMBER 28, 2021

These are among the topics that listeners found most interesting during 2021, based on their downloads of LawNext episodes. Notably, the most-downloaded episode featured a discussion of how law schools should teach tech, with April G. An important note about this ranking: These rankings reflect unique downloads during 2021 only.

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LawSites

MAY 27, 2021

COVID was not kind to law firm marketing and business development, with two-thirds of firms reporting that business development was more difficult in 2020, and the overwhelming majority of firms pivoting their marketing strategies, turning from live conferences and face-to-face meetings to social media, email alerts and Zoom.

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Attorney at Work

APRIL 21, 2022

Law firms are one-stop shopping for cybercriminals, alluring because they hold the data of many people and businesses. The average ransom paid at the beginning of 2021 was $118,000 – by the end of the year, it rose to $322,000. The post Ransomware Today: Top Tips for Law Firms appeared first on Attorney at Work.

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LawSites

NOVEMBER 1, 2021

Law Department (Friday, Nov. Law Firm (Monday, Nov. Lauren Sturdivant , founder, Rising Tide Law. Jennifer Mendez , director of knowledge management innovation, Fisher Phillips. David Wang , chief innovation officer, Wilson Sonsini. Startup Legal Garage. Fisher Phillips. Startup (Tuesday, Nov.

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Above the Law - Technology

AUGUST 18, 2023

The lawyer ranking and review company Best Lawyers has acquired Good2bSocial , a digital marketing agency that specializes in serving law firms, legal marketers, lawyers and organizations in the legal industry. In 2021, the private equity firm Abry Partners acquired Best Lawyers.

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LawSites

NOVEMBER 30, 2023

Seven times since 2016, Thomson Reuters has conducted a survey on the state of small law firms in the U.S., and every time, it found that small firms had made virtually no progress on one of their greatest challenges, which is that they spend too much time on administrative tasks to the exclusion of practicing law.

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Rocket Matter

SEPTEMBER 9, 2022

E-signatures had a market share of $3 billion in 2021. billion by 2029, your law firm needs to get on board—and sooner rather than later. Along with e-signatures, secure file-sharing is a… Read More » 7 Ways to Implement File-Sharing and E-Signatures at Your Law Firm.

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CaseFox

FEBRUARY 28, 2023

In 2021, the legal tech market generated revenues of $27.6 In recent years, law firms turned to private legal cloud technology for enhanced safety and security. Why are Law Firms Embracing Private Cloud Technology? billion USD worldwide, with the market forecast to grow at a CAGR of over 4% by 2027. billion USD.

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Attorney at Work

APRIL 19, 2022

Were you a little surprised that you had to write yet another check for 2021 taxes? Here is what you need to know about law firm profits. How Should You Divide Your Law Firm Profits? I ran my family’s law firm before I started my company — I was basically the CFO. Paying Out Law Firm Profits.

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LawSites

MAY 4, 2021

Awards will be given in eight categories: access to justice, court, enterprise, individual, technology, law department, law firm, and startup. Nominations open today for the second annual American Legal Technology Awards , a competition launched last year to honor exceptional achievements in legal technology.

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Above the Law - Technology

JULY 25, 2023

Nextpoint recently became the first e-discovery company to launch a law firm , launching Nextpoint Law Group in Arizona under that state’s liberalized practice rules that allow non-lawyers to own law practices. Founded in 2001, the company had been bootstrapped until 2021.

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Clio

AUGUST 21, 2024

It’s also an important metric for law firm owners to track —especially if you want to grow your firm and improve your profitability. But how do you know if your law firm’s revenue is enough to grow and scale your business? And how does your firm’s revenue stack up against the average law firm revenue?

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LawSites

JANUARY 25, 2022

The International Legal Technology Association today announced the winners of its 2021 Distinguished Peer Awards , which honor achievements in leadership and innovation by individuals, legal technology vendors, law firms, corporate legal departments, and others. McKenzie Mayer, Customer Success Manager, NetDocuments.

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3 Geeks and a Law Blog

JULY 3, 2023

Justis, powered by OpenAI’s GPT-4, was able to have a natural conversation with Greg and provide insightful perspectives on the use of generative AI in the legal industry, specifically in law firms. While many law firm leaders recognize its potential, some are unsure of how it fits into legal work or worry about risks.

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LawSites

JANUARY 31, 2022

It is the platform on which the law firm Ogletree Deakins built its ODConnect 2.0 intranet, which last week was named Transformative Project of the Year in the International Legal Technology Association’s 2021 Distinguished Peer Awards. Each office in a firm can have a unique page with information tailored to the location.

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LawSites

NOVEMBER 10, 2021

The legal technology company Litera today announced the winners of The Changing Lawyer awards for 2021, which recognize individuals, firms, and companies in the legal industry for their role in embracing and driving change through new technology, service models, or behavior across five different categories. Law Firm of the Year.

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Above the Law - Technology

DECEMBER 4, 2023

AltFee Elevator Pitch: AltFee revolutionizes law firm pricing by offering a foundation for alternative fee structures. This system empowers firms to precisely assess and assign value to projects, vital in a landscape where AI/efficiency gains drastically shorten task timelines. We have small and midsize law firm customers.

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Legal IT Insiders

JUNE 7, 2023

Kula describes itself the world’s first AI business development associate for law firms, letting attorneys reach the right new clients automatically.

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Above the Law - Technology

MAY 3, 2023

Whether they work in law firms or corporate legal, academia or government, law librarians play a central role in testing, recommending and deploying legal technology, according to the American Association of Law Libraries’ 2023 State of the Profession report, an exhaustive 252-page survey of the legal information landscape.

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Above the Law - Technology

JULY 10, 2023

In what is clearly a major milestone for Milestones , a legal tech company whose product provides law firm clients with automatic updates on their cases, it has closed a $2.1 The company, founded in 2021, had previously raised $500,000 in pre-seed funding.

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LawSites

JANUARY 3, 2023

LAWCLERK , an online marketplace where attorneys and law firms can hire freelance lawyers and virtual associates, is expanding its hiring options today with the launch of its Hourly Associate program, designed to allow law firms to hire freelancers on a more-flexible hourly basis rather than by a discrete project or longer-term subscription. .

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Dewey B Strategic

MAY 22, 2023

The unstable economy and a tighter legal market have not caused law firms to pull back on billing rates. To the contrary law firm partner billing rates rose faster last year than they have in a decade. in 2021 and 3.5% Average rate increases were up compared to 2021 in all law firm tiers and practice areas.

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Colin S. Levy

FEBRUARY 25, 2025

And if clients refuse to pay for humans to handle routine work, what will that mean to a law firms bottom line? Weve heard all of the fears about GenAIs use in the practice of law. Imagine a world in which a law firm has figured out a way to use GenAI to do simple tasks quickly and well. We dont think so.

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LawSites

JUNE 26, 2024

This brings the company’s total funding since its founding in 2021 to nearly $8 million. Clearbrief, a legal technology company that uses AI to help lawyers find and insert facts to support their legal writing, has raised an additional funding round of approximately $4 million.

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LawSites

DECEMBER 14, 2022

A legal industry report released today by the sibling legal technology companies LawPay and MyCase provides unique insights into the technology tools that matter most to smaller law firms in the post-pandemic era. Other types of cloud software used by firms: Calendar management software, 44%. Firms Ready for Remote Work.

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Legal Tech Monitor

JUNE 12, 2023

Law firms eagerly invested in the metaverse in 2021 and 2022. But since then, high costs to entry are keeping the audience for such virtual services stagnant.

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Above the Law - Technology

FEBRUARY 19, 2024

We discussed Clio’s greater focus on midsized law firms, its impending launch of generative AI, its roll-out of features for legal aid providers, and its rebranding of its Lawyaw document automation software. That’s the superpower we have,” he said.

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Above the Law - Technology

DECEMBER 29, 2023

You can also check out the most popular LawNext episodes of 2022 , of 2021 , of 2020 and of 2019. As ALSP Axiom Opens A Law Firm in Arizona, Its Chief Strategy and Legal Officer Catherine Kemnitz Shares Details. Documate Founder Dorna Moini on Rebranding As Gavel and How Law Firms Can Productize their Legal Services.

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