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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. Isnt that bad for the law firm?
The legal analytics platform Lex Machina , which is owned by LexisNexis, has again expanded its coverage, this time adding a Chapter 11 bankruptcy module that provides legal analytics for over 115,000 Chapter 11 proceedings. The module includes the entire docket in any bankruptcy proceeding filed after 2009 in a U.S.
Using legal data for strategic law firm planning is no longer reserved for BigLaw. For law firms, it’s critical to gather intelligence about real-time trends that are creating sharp and sudden changes as well as longer-term trends affecting the overall health of your markets. Long-Term Trends.
Did you know that potential clients don’t always land on your law firm’s homepage first? They might discover your site through a page explaining DUI laws, a blog post about child custody, or even a video testimonial from a past client. They’re comparing different law firms and looking for the right fit.
But, like the efficiencies revealed in the book and movie Moneyball , he encourages lawyers to be more analytical. “[You 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. Christopher T.
Bankruptcylaw firms face mounting competition and pressure to stand out. With a few dominant players controlling a large share of the bankruptcy market, niche practices must get creative and strategic with their marketing to attract clients and grow their business. As a result, firms must adapt their marketing approach.
Patent Infringement: The Spark That Started It All The legal saga began when Rothschilds patent-holding entity, Analytical Technologies (AT), sued 20 food service companies for infringing a patent related to mobile restaurant self-checkout?
Search engine optimization (SEO) is a crucial part of ensuring your ideal clients find your law firm. That’s why it’s a good idea to work with the best law firm SEO companies when developing your SEO plan. SEO is when businesses, such as law firms, use specific techniques that enable their website to be found by online search engines.
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. Jenkins founded Law Street Media in 2013.
Law firms are generally able to double their website conversions with a live chat provider. Someone experiencing potential bankruptcy, facing a DUI charge, or going through a divorce seeks sensitivity, discretion, and legal skill. Firms using Ngage live chat were able to sign on a new client for every 4.04 clients on average!
In the world of law, there exists a unique intersection where legal expertise meets financial acumen. This convergence is found in the field of accounting law, where legal professionals with a strong background in accounting play a pivotal role in resolving complex financial disputes and providing expert advice on financial matters.
Fastcase can provide firms and legal professionals online access to various cases, case law, statutes, amendments, rules & regulations. Not just that, it also provides information about court laws, constitutions and law review articles, etc. FindLaw FindLaw is one of the best free legal research tools for law firms.
This week we have Damien Riehl , VP, Litigation Workflow and Analytics Content at FastCase, and one of the drivers behind SALI (Standards Advancement for for the Legal Industry.) The tags cover everything from the substance of law to the business of law, with over 13,000 tags in the latest version. We are we are longtime fans.
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