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Everything You Need to Know About Law Firm Revenue

Clio

It’s also an important metric for law firm owners to track —especially if you want to grow your firm and improve your profitability. You’ll learn the average amount of compensation that attorneys bring in, key factors affecting law firm revenue, and ways you can increase revenue at your firm. What affects law firm revenue?

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Project Management Essentials for Law Firms in 2023

Rocket Matter

To provide timely service to every client in a timely manner, clear ownership and deadlines for tasks are vital. . When your tasks are clearly organized, it’s easier to tell whether matters are on track. . Digital document management offers more than time-saving benefits, though. Electronic payments .

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CRM Platform Lawmatics Expands with Time and Billing Features; Adds E-Payments through Gravity Legal

LawSites

Lawmatics , a company whose product provides client relationship management (CRM), client intake and marketing automation for attorneys, is now adding timekeeping and billing tools, with the goal of offering law firms a comprehensive platform with everything they need to manage their administrative sides. Adding a time entry in Lawmatics.

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Safeguarding Against Commingling of Funds: Best Practices for Your Law Firm

Law Technology Today

Similarly, if the client paid a retainer that the firm bills against, timely withdrawal of earned fees becomes crucial to avoid commingling firm funds with client funds. Consequences of Commingling Funds Whether intentional or accidental, attorneys found to have commingled funds can face a variety of consequences.

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Payment Plan: Abacus Payment Exchange Offers Law Firms New Ways to Get Paid

Attorney at Work

Abacus Payment Exchange (APX) is a proprietary tool that has been built from the ground up and engineered exclusively for law firms. If queried, most law firms would point to March of 2020 as the point in time that everything changed. And when was the last time you held physical cash in your hand? It’s been a while, right?

Law firm 101
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New LawPay/MyCase Survey Provides Insights Into The Tech That Matters For Smaller Law Firms

LawSites

The 2022 Legal Industry Report was compiled by the electronic payments company LawPay and the law practice management company MyCase, both of which are owned by AffiniPay , based on a survey of more than 2,300 legal professionals during August and September. Legal billing and time-tracking software, 42%. ”

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Commingling of Funds: What Lawyers Need to Know

Clio

Since the Model Rules are the basis for ethical rules for attorneys in numerous states, they serve as a good outline of lawyers’ ethical duties nationwide. provides that, if an attorney has property of clients or third parties in their possession, they must keep that property separate from the attorney’s property.

Lawyer 78