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Law Firm Accounting: Best Practices for Efficiency and Compliance

Centerbase

This article outlines essential accounting practices for law firms, emphasizing compliance with trust accounting rules and strategies for improving financial efficiency. Main Takeaways From This Article: Compliance with trust accounting rules is paramount in legal practice, necessitating strict attention to detail.

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Should You Outsource Contract Management Services?

Percipient

The more statistics emerge on contract management, the clearer it becomesthis process is time-consuming, complex, and critical to business success. If your team is spending weeks handling contracts, its not just slowing things downits taking valuable time away from higher-priority work. What Contract Management Tasks Can You Outsource?

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Breach of Contract: How In-House Legal Teams Can Prevent It

MatterSuite

A breach may involve failure to deliver, disputed terms, or complete non-performance. Such breaches can stem from various factors, including: Reliance on third parties An instance that many people will have encountered is the supplier’s failure to deliver services to their clients. But how do they manage to avert such problems?

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Law Firm Management: The Ultimate Guide for Modern Firms

Centerbase

Managing a law firm requires more than overseeing cases and delegating tasksit demands a strategic approach that balances client expectations, regulatory compliance, and operational efficiency. This includes financial management, client communication, human resources, compliance, marketing, and technology integration.

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South Korea Enacts New AI Law

Debevoise Data Blog

South Korea has become the latest country to pass a national AI law. The Basic Act on the Development of Artificial Intelligence and Establishment of Foundation for Trust (the Basic Act or the Act), which has several similarities to – and differences from – the EU AI Act, and comes into force on January 22, 2026.

Law 52
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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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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.