Legal Talk Network

JUNE 28, 2022

Some firms will just look at billable hours at the end of the month, but more and more, especially firms that are consumer-facing like personal injury and bankruptcy, will look at their client revenue against the costs to bring that client in the door. Christopher T. Their time is not well-spent in that first interview with a prospect.

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Clio

AUGUST 21, 2024

Our 2022 Legal Trends Report found that the rate of inflation is outpacing the Billable Hour Index. Interestingly, though, when reflecting on revenue in the year ahead, a 2022 State of Small Law Firms Study found that most small firm lawyers had high expectations for their key financial metrics. billion in revenue in 2022.

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Legal Tech Monitor

APRIL 17, 2023

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. However, for solos who had at least 5,000 time entries in 2022, their utilization rate was notably higher. hours per day, for a utilization rate of 39%.

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Attorney at Work

JULY 6, 2022

In April 2022, a headline caught our attention. The opinion points out that the client is more likely to find that disclosure of the fact of a current or prior representation by a lawyer is embarrassing or detrimental where the representation involves or involved criminal law, bankruptcy, debt collection or family law.

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Clio

JANUARY 1, 2025

The Legal Trends Report found that for law firms, bankruptcy was the practice area with the highest average hourly billing rate. The 2023 Cybersecurity TechReport the latest report on cybersecurity in the legal industry from the ABAfound that 40% of firms have cyber liability insurance, a decrease from 46% in 2022.

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Attorney at Work

OCTOBER 11, 2022

This model is typically used when the anticipated work is predictable, such as simple estate planning, uncontested divorce and personal bankruptcy. Joint Formal Opinion 2022-300 addresses ethical considerations in the handling of several related forms of billing for services: flat fees, earned upon receipt, and nonrefundable fees.

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Legal Tech Monitor

MARCH 10, 2023

Most recently, on March 2, the new managers at FTX told the Delaware bankruptcy court they had identified a deficit of $8.9 Thirty-one suits were filed against FTX entities in November 2022 alone. The cases are largely filed in Delaware bankruptcy court, but actions have been filed in state and federal courts nationwide.

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Debevoise Data Blog

DECEMBER 28, 2023

Bankruptcy Litigation Demonstrates the Extent of the Crypto Contagion (June 15, 2023) In the wake of the industry’s 2022 “crypto winter,” which spiraled into a “cryptopocalyse,” industry watchers were focused on the contagion effect of the various crypto-related bankruptcy filings.

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Legal Tech Monitor

SEPTEMBER 27, 2023

The following year, IAALS honored Rohan Pavuluri, CEO and co-founder of Upsolve, for his pioneering efforts in harnessing technology to assist individuals without legal representation in filing for bankruptcy for free.

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Legal Tech Monitor

APRIL 13, 2023

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. Lee is a bankruptcy attorney (or, as she likes to call it, a debt and credit strategy attorney) and is licensed in California and North Dakota. and Canada.

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Richmond Journal of Law and Technology

APRIL 13, 2023

6] Along with acquiring banks in Australia and Hong Kong, DAAG Trading DMCC, based out of the United Arab Emirates, was also included in FTX’s bankruptcy. [7] 8, 2022), [link] [11] Charlotte Alter, supra note 8. [12] It will be interesting to see what else surfaces as he approaches his trial in October. [1] 13, 2023), [link] [2] Id. [3]

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Above the Law - Technology

JANUARY 9, 2024

While law firm expenses have moderated somewhat compared to 2022, the overall picture for expenses remains unclear due to persistent high growth in overhead expenses and an apparent resurgence in direct expenses due to increases in salaries and associate hiring.

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3 Geeks and a Law Blog

FEBRUARY 8, 2023

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. That’s a dispute tech, and then I deal with patent assets in bankruptcy, that’s the bankruptcy service tech.

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The North Carolina Journey of Law and Technology

MARCH 2, 2023

In 2022, more than $145 million was spent on television and social media advertising towards soliciting clients to join the suit. The rapid growth of mass torts may lead to more bankruptcies among commonly targeted industries like pharmaceutical and device-making companies. Yet, the amount is likely to double or triple.

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Clio

SEPTEMBER 20, 2023

Bankruptcy law Bankruptcy law refers to the system of rules that govern the rights of debtors (people or companies facing financial insolvency) and creditors (those to whom money is owed). Bureau of Labor Statistics , the median annual wage for lawyers was $135,740, as of May 2022. Learn more about how to become a tax attorney.

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Legal Tech Monitor

JANUARY 9, 2024

While law firm expenses have moderated somewhat compared to 2022, the overall picture for expenses remains unclear due to persistent high growth in overhead expenses and an apparent resurgence in direct expenses due to increases in salaries and associate hiring.

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Debevoise Data Blog

DECEMBER 23, 2022

As we approach the end of the year, here are the Top 10 posts on the Debevoise Fintech Blog in 2022. How Will Bankruptcy Courts Measure Customer Crypto Claims? Bankruptcy Code and, if so, whether and under what circumstances, crypto-assets held by the debtor may become property of the debtor’s “estate.”

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