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Mastering Legal Accounting: Best Practices for Law Firms

CaseFox

Proper law firm accounting methods not only ensure compliance with legal and regulatory requirements but also provides insights into the financial health of the firm. Trust accounting involves tracking every transaction related to client funds, including deposits, withdrawals, and transfers.

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A Guide to 5 Key Data Compliance Regulations for Legal Teams

MatterSuite

Amidst a world where cyber threats are becoming very advanced and prevalent, it is now imperative to uphold robust compliance to security frameworks, as well as sufficient cybersecurity measures , to secure data. Failure can result in significant penalties, including fines, legal action, and loss of public trust.

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Building a Better Law Practice: 7 Reasons to Specialize

Attorney at Work

If he were with us today, it’s likely that Lincoln would not have the time or knowledge to pursue such a broad range of legal cases and clients. Technology, regulatory and compliance issues all add to a mix of challenges that vary by industry, location and company size. Practicing Law on Internet Time.

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SimpleLegal’s event management: Reducing risk, one event at a time

Simple Legal

Failure to manage these events effectively can lead to severe consequences such as case dismissal, attorney sanctions, and even lawsuits. Our platform offers rigorous event tracking and timely notifications, ensuring that no deadline slips through the cracks.

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Commingling of Funds: What Lawyers Need to Know

Clio

It may appear to be a technical area, but the commingling of funds is a peril of legal practice that firms must learn to avoid. Generally, people refer to the failure to comply with these guidelines as commingling of funds. Some situations could create the appearance that an attorney is misappropriating the client’s funds.

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The Importance of Legal Docketing for Law Firms Explained

Clio

Legal docketing is the tracking and management of deadlines and events related to legal work. For instance, it is most commonly used in both civil and criminal litigation for tracking court appearances, deadlines, and other time constraints. Ready to streamline your legal docketing process? What is legal docketing?

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Understanding the CCB’s First Two Final Determinations (Guest Blog Post–Part 3 of 3)

Eric Goldman

Step Two: The CCB does a compliance review of the filed claim to determine if the claim qualifies for the CCB. There is an Initial Order, where the claimant pays the second part of the filing fee, this time $60. Others have dropped out because they did not pass the compliance review, the respondent opted out, or for other reasons).

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