Rocket Matter

OCTOBER 24, 2023

in 2022), it’s the right time to look at your current rates and see if you’re charging enough to remain profitable. Download free guide Five tips to improve time tracking for attorneys Build a productive, effective time-tracking routine with these five Rocket Matter-approved time-tracking tips for you and your law firm. 1.

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Rocket Matter

OCTOBER 31, 2023

For firms that use hourly rates, clients are billed for this time by the hour. Billable hours are the basis of most legal fee calculations, and putting in enough billable hours is essential to the profitability of law firms—that’s why they generally seek to maximize the number of billable hours that associates and partners put in.

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Rocket Matter

OCTOBER 10, 2023

in 2022), it’s the right time to look at your current rates and see if you’re charging enough to remain profitable. This kind of robust law firm time-tracking software allows a lawyer to be on the go and just click start and stop. So, how do on-their-game lawyers track their time?

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Rocket Matter

SEPTEMBER 12, 2023

Time is always in short supply for law firms, especially for firms with limited resources. in 2022), it’s the right time to look at your current rates and see if you’re charging enough to remain profitable. in 2022), it’s the right time to look at your current rates and see if you’re charging enough to remain profitable.

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Rocket Matter

JANUARY 30, 2024

In this post, we’ll review the most common objections law firms face in implementing time-tracking systems, and then offer practical steps you can take so you can overcome them. Challenges law firms face in implementing time-tracking systems Want to get attorneys and legal staff on board with time-tracking processes?

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Lawmatics

DECEMBER 12, 2023

We feel this award recognizes our team’s unyielding drive to refocus lawyers from executing mundane tasks to providing exceptional legal services for their clients.” LM[AI] was launched in June 2023 as an intuitive generative text tool to fundamentally transform how law firms execute marketing strategies and allocate resources.

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Rocket Matter

DECEMBER 26, 2023

ChatGPT was released to the public at the end of 2022, but it took the business world by storm in 2023. Understandably, many lawyers are cautious about ChatGPT and other AI tools. 12 Legal Payment Processing Features to Look For Want to see a healthier cash flow and happier clients? Check. Legal CRM?

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Rocket Matter

JULY 11, 2023

We’re not talking about rates, pro bono policies, or any other conscious decision that law firms make regarding what they charge. We’re talking about the unintentional ways that law firms decrease their profits via lost billable time. Why do lawyers lose billable time ALL the time? Lawyers have a lot going on in the day.

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Rocket Matter

JUNE 6, 2023

But with secure file-sharing and eSignature software , you don’t need to choose between convenience and security. Why you should care about your firm’s digital security Let’s just rip off the bandaid: the average cost of a data breach globally in 2022 was $4.35 In 2022, they agreed to a $1.95

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Lawmatics

DECEMBER 5, 2023

Web-based case management systems help law firms organize information and data related to cases. Whether a firm bills hourly, fixed-fee, or on contingency, time and billing software offers an easy way to record billable hours and increase revenue. How Big is the Legal Tech Industry? What is the Best Legal Tech Software?

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Rocket Matter

FEBRUARY 6, 2024

Time flies, especially in a busy law firm where every minute is spent on client consultations, drafting legal documents, court appearances, case research—and yes, the occasional YouTube video during break. But tracking and managing that time often slips through the cracks during the daily hustle.

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Rocket Matter

JANUARY 9, 2024

Use a time tracker to capture all your billable hours There are lots of reasons why time tracking is vital to your law firm: accurate billing, resource allocation, compliance with ethics guidelines, and increased revenue. But these (excellent) reasons aren’t the only reasons to time track. Download free guide 3.

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Rocket Matter

AUGUST 29, 2023

OK, that’s going way back.) New tools and technologies are emerging every day that provide law firms with advantages and opportunities. in 2022), it’s the right time to look at your current rates and see if you’re charging enough to remain profitable.

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Rocket Matter

NOVEMBER 7, 2023

Firms increasingly see a tech spend as essential to their budget—a 2022 study by Bloomberg Law found that 48% of legal professionals say their organizations had increased their overall tech spend in the prior 12 months. The solution is simple. Problem solved. Download free guide 4.

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Rocket Matter

MAY 30, 2023

Many law firms struggle to define their billable rates, especially new law firms. Your billable rate needs to encompass all those same things for your law firm and account not only for your team’s salary, but also any overhead costs, expenses, and profit goals. But sometimes, that’s easier said than done.

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Rocket Matter

APRIL 4, 2023

What is “lean” law methodology? By using this methodology, law firms can open up more time in their day to prioritize their clients and provide an exceptional client experience. Rest assured: lean management is not some scary overlord tactic to squeeze more productivity out of an already maxed-out team.

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Rocket Matter

NOVEMBER 28, 2023

Filling out timesheets badly, one company figured out, could be costing the professional services sector $74 billion every year. But let’s get specific, because time tracking inflicts specific damage on your law firm. in 2022), it’s the right time to look at your current rates and see if you’re charging enough to remain profitable.

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Rocket Matter

NOVEMBER 14, 2023

You know many attorneys at your firm are burning the midnight oil. in 2022), it’s the right time to look at your current rates and see if you’re charging enough to remain profitable. Increase revenue with firm-wide analytics Even more critical, attorney time-tracking software gives you access to a dashboard of analytics.

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Rocket Matter

MAY 16, 2023

It’s ideal for law firms and their clients when itemizations on invoices are clear, transparent, and accurate. Undercharging leads to lost profits for the firm. in 2022), it’s the right time to look at your current rates and see if you’re charging enough to remain profitable. Download free guide 4.

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Rocket Matter

MAY 9, 2023

Incorporating new technologies into your law firm can feel like a big leap. Greater convenience A 2022 survey found that nearly 90% of consumers use some form of digital payment regularly. And at a law firm, time is quite literally money. Start accepting payments online!

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Rocket Matter

DECEMBER 5, 2023

in 2022), it’s the right time to look at your current rates and see if you’re charging enough to remain profitable. in 2022), it’s the right time to look at your current rates and see if you’re charging enough to remain profitable. To reap all of the above advantages, let’s take a look at some of the habits lawyers should develop.

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Lawmatics

FEBRUARY 6, 2024

Some examples of legal tech tools include legal accounting software, document automation, and appointment scheduling systems. How big is the legal tech industry? The legal tech market is vast and growing by leaps and bounds — in 2022 alone, the global legal tech market was valued at $23.45

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Rocket Matter

JANUARY 17, 2023

Rocket Matter’s innovative matter stream keeps client and case details clear, so you can get straight to making progress on legal matters rather than comparing notes. . Privacy and security are rising problems for law firms. Built-in security safeguards .

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