Centerbase

OCTOBER 17, 2024

By Paige Roncke, General Manager, Centerbase The legal industry is at a critical inflection point where law firms can no longer identify only as legal services providers. Law firms must also be data and technology companies in order to effectively compete in the market for long-term success.

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Clio

MARCH 25, 2024

Understanding the intricacies of law firm economics is crucial for a firm’s long-term success and profitability. In this comprehensive guide, we will delve into the various aspects of law firm economics, including revenue streams, costs, profitability metrics, and strategies for improvement.

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Rocket Matter

SEPTEMBER 1, 2024

This is a question many people practicing law strive to answer. The truth is, law firm automation can significantly reduce the time lawyers spend on non-billable work. In this guide, we’ll explore the benefits of legal workflow automation and provide practical tips for implementing it in your law firm.

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Law Technology Today

SEPTEMBER 1, 2023

Interestingly, their desires go beyond mere alternative payment methods—70% of clients are keen on flexible payment plans as well. Law firms can fulfill these demands with the right legal practice management software. Protecting client data is non-negotiable, and PCI compliance is key.

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Rocket Matter

AUGUST 22, 2022

Even if you’ve practiced law for years, running a law firm is a unique challenge—and it’s one that’s hard to prepare for. You can learn efficient processes and workflows so that you don’t have to start from scratch, such as tips for a smooth client intake process or bottleneck-proof billing procedures.

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Rocket Matter

JANUARY 23, 2024

Download free guide Don’t compromise on legal detail If you’re using the Legal Electronic Data Exchange Standard (LEDES) , you’ll need those codes in an invoice for certain clients. These codes need to be precisely applied, so make sure your legal billing software has the option to enter LEDES codes as you record time.

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Rocket Matter

DECEMBER 16, 2024

On your quest for the right payment processor, look for features that streamline and support the way law firms operate. Download free guide Why a year-end review matters for your law firm Your financial health checks go beyond tallying income and expenses. Take the hefty load off your plate and the plates of your staff.

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Rocket Matter

OCTOBER 3, 2023

Why the billable hour matters Reports state that many attorneys bill between 1,700 and 2,300 hours per year , so not tracking all your time accurately can lead to tens of thousands in lost revenue. Second, law firms track the billable hours of each attorney. However, it can be hard to keep organized and prone to errors.

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Lawyerist

OCTOBER 25, 2024

Enjoy the freedom to securely work from home, the office, or elsewhere, with all the tools you’d expect from Tabs3 Billing, Financials, and PracticeMaster. Tabs3 Billing This tool sets the standard for legal time and billing software. That’s where the optional PracticeMaster module comes in.

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Lawmatics

FEBRUARY 13, 2024

Here are some common types of software used by lawyers today: Client intake software: Legal client intake software streamlines the process of attracting leads, following up with them, engaging them, setting up a consultation, and ultimately securing and onboarding them as paying clients.

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Lawmatics

DECEMBER 5, 2023

Short for legal technology, legal tech is computer software that provides numerous tools to streamline, automate, and enhance various tasks traditionally performed manually, such as: Document management. Legal document automation software systems enable legal teams to merge data to turn template documents into automated workflows.

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Clio

MARCH 8, 2024

Today, more than ever, law firms face increased pressure to adapt and modernize to stay competitive due to the amount of tools out there that are making it easier for lawyers to reach more clients. Client expectations are also increasing with technology making online payments, online meetings, etc.,

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Rocket Matter

JANUARY 17, 2023

The day-to-day operations of your law firm can be disrupted, including your quality of service. . That’s why it’s so important to establish clear policies and procedures for billing and collections and to follow up on overdue payments quickly and systematically. . The importance of timely payments for law firms .

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Lawmatics

JULY 7, 2023

So how can busy lawyers keep their offices running, serve their current clients and keep new ones coming in – without sacrificing quality and work-life balance? One way is through law firm automation. What Does Automation Mean in Law? Billing management. Document execution. Legal workflows. Online payments.

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Rocket Matter

OCTOBER 12, 2023

Not only that, but the common online payment processors are not compliant with ABA and IOLTA guidelines, which is make-or-break for a law firm. The point is, when it comes to payment processors for law firms like yours, not all payment processors are created equal. Start accepting payments online!

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Rocket Matter

APRIL 25, 2023

What is the client lifecycle? Frequently used in traditional business settings, the client lifecycle concept can help law firms understand how they find and build loyal client relationships. It can also simplify the off-boarding process and make getting client feedback or testimonials easy for everyone involved.

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Rocket Matter

SEPTEMBER 14, 2022

Build a Better Client Intake System. Client intake requires a lot of non-billable hours to attract clients. However, certain clients won’t be the right fit for your firm, and it can be difficult to weed these leads out before you’ve already spent valuable hours on them.

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Lawmatics

DECEMBER 7, 2023

Let’s look at some frequently asked questions about legal software: What are the Types of Legal Software? There are numerous types of legal software programs tailored to various user needs. Case management software: Manages and tracks the details of legal cases, including key dates, contacts, and case-related documents.

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Lawmatics

JUNE 8, 2023

Automation is no longer just a buzzword in the legal industry; it is a necessary tool for law firms to remain competitive and thrive in today's market. In this article, we will explore the benefits of implementing automation solutions in estate planning law firm practices.

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Rocket Matter

JULY 29, 2024

Get free e-book Delayed payments, mounting overhead, and the constant pursuit of outstanding invoices—these are the challenges that plague many law firms. Unpaid invoices not only disrupt the firm's cash flow but also burden attorneys with the task of chasing payments, diverting their attention from their primary focus—practicing law.

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Lawmatics

AUGUST 17, 2023

And while this may sound simple, the truth is that attracting clients to your law firm comes with many different challenges. Marketing a law firm is challenging for attorneys for several reasons: Legal services can be complex and specialized, making it difficult to communicate value to potential clients.

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Rocket Matter

NOVEMBER 3, 2022

Your legal tech “stack” is your firm’s software collection that works together to simplify tasks and duties at your law firm. The goal behind a tech stack is to automate or speed up tasks so that you can focus on important (and revenue-generating) client work. Time tracking and billing . Case management .

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Rocket Matter

AUGUST 8, 2024

Ensure your letter adheres to all relevant laws to avoid potential legal repercussions for your firm. Rocket Matter’s legal billing software , for instance, offers automated invoicing, reminders, and secure payment options.

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Clio

SEPTEMBER 3, 2024

Running a large law firm is a balancing act with many moving pieces—especially when it comes to law firm billing. This is where legal billing software comes in. In the following blog post, we’ll explore how to find the best legal billing software for large firms like yours.

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Lawmatics

FEBRUARY 9, 2023

Being punctual can also help to demonstrate that you're dependable and trustworthy, which can be key to getting ahead in big law. 5 Remember Your Place Knowing your place in a big law firm is crucial for your professional development and success. Sign up for a free product demo today!

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Lawmatics

APRIL 6, 2023

How can busy lawyers serve their current clients and keep new ones coming in? By utilizing law firm marketing automation. Legal automation involves using software to automate the manual or routine tasks that many lawyers perform as part of their jobs. Billing management. What is Legal Automation? Legal workflows.

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Lawmatics

DECEMBER 14, 2023

The use of tech in law firms has increased from advances in AI-powered solutions to the proliferation of practice-specific tools like contract lifecycle management tools or practice management software to operational tools like CRMs and billing software. How Much do Law Firms Spend on Tech?

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Lawmatics

JANUARY 9, 2024

But for small and mid-size firms, the most transformative innovations are tools that directly strengthen client relationships, service quality, and firm capabilities. Small law firms occupy a unique position where owners must balance legal practice and business ownership. Small Law Firms Report.

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