This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Learn how big tech has changed the legal industry Free Guide The Small Firm’s Guide to Big Tech While any change in how you operate your lawoffice can feel overwhelming, there’s never been a better time to start migrating your office structures online. Determining your paperless processes 2. And more important resources!
Keep in mind that back-office changes can have indirect effects on the client experience. Free Guide The Paperless LawOffice: A 12-Month Plan for Going Paperless This free guide will provide you with an actionable plan for going paperless, with monthly tasks that include: 1. Determining your paperless processes 2.
The post Digital Transformation for Law Firms: A Guide to Modernizing Your Practice appeared first on Rocket Matter. However, Ultimedias 022/23 Digital Maturity Report found that only 3% of law firms offer it take this as an opportunity to differentiate your firm from others.
Here’s how it stands out and scales with your firm’s growth: Legal-specific workflows : Unlike generic CRMs, Rocket Matter includes features tailored to legal practice, such as matter management, billing integration, and trust accounting.
Trust accounting is vital for regulatory compliance and client trust. Trust accounting compliance It goes without saying that mishandling trust accounts can lead to serious compliance issues. Your law firm needs simplified trust account management to automatically track client funds and flag potential problems.
Learn how big tech has changed the legal industry Free Guide The Small Firms Guide to Big Tech While any change in how you operate your lawoffice can feel overwhelming, theres never been a better time to start migrating your office structures online. A Detailed Breakdown appeared first on Rocket Matter.
The post How to Grow Your Law Firm: 10 Strategies for Sustainable Success appeared first on Rocket Matter. One of the biggest mistakes legal professionals can make is over-relying on a platform that wasnt built for the legal industry.
The post 4 Common Challenges Law Firm Workflow Management Can Solve appeared first on Rocket Matter. On the contrary, using workflow software for law firms helps you standardize internal procedures, making sure they remain consistent across cases and reducing the manual effort required from your firm.
The post 4 Common Challenges Law Firm Workflow Management Can Solve appeared first on Rocket Matter. On the contrary, using workflow software for law firms helps you standardize internal procedures, making sure they remain consistent across cases and reducing the manual effort required from your firm.
Non-compliance. It’s common for payment processors to take a cut of the money being paid, which is not legal-friendly. Saying goodbye to chasing down clients for payments. Another feature of a strong legal payment processor is mobile capability. Lack of integration.
Consumers care about security too While convenience and ease are major selling points for legal clients, these aren’t the only things that matter. Your legal clients are now also placing a greater emphasis on security and compliance. Digital payment options offer added protections like two-factor authentication and bank account alerts.
More specifically, there can be a significant difference between generic and legal-specific CRMs. Using a legalCRM rather than a generic one is crucial because it is tailored to meet the specific needs and nuances of legal practice.
Learn how big tech has changed the legal industry Free Guide The Small Firm’s Guide to Big Tech While any change in how you operate your lawoffice can feel overwhelming, there’s never been a better time to start migrating your office structures online.
You can track it automatically , integrate your timer with other applications (think: Word and Outlook), enter time from your phone when you’re on the go, and much more. Automatic time tracking improves your firm’s profitability. Six minutes also works out nicely because it amounts to 1/10th of an hour.
Otherwise, once it’s time to start sending out invoices, you’ll have to deal with a confusing variety of time records that might be difficult to compare. You should have a written policy that explains how everyone in the office is expected to track their time. Ready to learn more?
Learn how big tech has changed the legal industry Free Guide The Small Firm’s Guide to Big Tech While any change in how you operate your lawoffice can feel overwhelming, there’s never been a better time to start migrating your office structures online.
With this in mind, some solo and small law firms hesitate to invest in timekeeping and billing tools and processes. But these basic administrative tasks are important for compliance, billing accuracy, and business planning, no matter the size of your firm. Try us for free , or schedule a personalized demo today!
That’s where SOC 2 compliance comes into play. SOC 2 compliance is a rigorous auditing standard that ensures your payment system handles sensitive data with care. How Rocket Matter Pay supports your firm’s security Rocket Matter Pay takes your firm’s financial security seriously, and SOC 2 compliance is just the beginning.
It’s enough to make your head spin. Of course, if you work in a lawoffice, you likely do that already. Proper legal trust accounting is critical to success in this industry, but it’s tricky for many law firms, especially those with limited time and staffing resources. Determining your paperless processes 2.
Plus, use Rocket Matters LegalCRM to keep client communication consistent and build relationshipsit can be a differentiator in a crowded market. Define KPIs That Drive Long-Term Growth Setting KPIs in law firms goes beyond just revenue or caseload numbers. Running a legal practice is definitely one of those things.
Without them, you might run into compliance violations Law firms must provide itemized bills to clients upon request. Thus, when expense tracking records are incomplete, you’ll inevitably undercharge your clients—and wind up with underwhelming revenue, too. 3.
What security and compliance features need to be implemented? Look for software with the ability to digitize your documents, so paper files can become immediately accessible within the system. Some document management systems are more secure than others. It’s important for firms to find the right balance of security and usability.
Stop getting ghosted on Net 30 and collect every billable hour with R ocket Matter Pay , the integrated online payment system for law firms that works seamlessly with Rocket Matter’s legal practice management software. Legal billing must fall within these guidelines, which vary greatly depending on the city or state where you practice.
With an integrated system, staff can generate invoices based on staff time tracked, process multiple invoices at once, and just send the invoices around for final review. As an added bonus, law firms can send invoices via secure links and clients can pay online, so firms get paid faster than ever before.
Cloud computing In 2023, more than any other time, we saw the rise of cloud computing to provide every possible service a law firm could need. Document automation? Check. LegalCRM? Check. Online payment portal? Check. eSignature? Check. File-sharing? Check. Time tracking?
Comprehensive time-tracking policies can enhance productivity, protect financial health, and prevent thorny issues like compliance violations and strained client relationships. Why time-tracking policies matter Law firms experience unique challenges in managing time effectively.
Smart forms help you pre-qualify clients, route inquiries to the right person, ensure legalcompliance, and enhance user experience. They can also integrate with your CRM. In short, they make client onboarding smoother and more efficient so you can focus on delivering top-notch legal services.
Tailored to a law firm’s unique needs Law firms have their own set of industry-specific needs for their website, including client intake, compliance regulations, and more. High-quality, licensed stock photos take the guesswork out of photo use rights and provide a professional and polished appearance for your practice. 2.
Enhanced security protocol It’s only natural to worry that storing payment information might jeopardize confidential client data, especially considering the prevalence of data breaches at law firms. IOLTA trust accounting compliance : No processing fees ever come out of your trust account so you stay compliant at all times.
But in the legal field, where client confidentiality is critical to maintaining ABA compliance , it can be especially tricky. Most people know that online security is a big issue in an increasingly digital world. On one hand, clients prioritize convenience. Determining your paperless processes 2.
Keep an eye out for: Early termination fees PCI compliance security fees Junk fees or bait-and-switch tactics Doing a bit of research now will save you money down the road. Avoid hidden fees with Rocket Matter Pay Your law firm doesn’t have to lose money every month to hidden fees.
Learn how big tech has changed the legal industry Free Guide The Small Firm’s Guide to Big Tech While any change in how you operate your lawoffice can feel overwhelming, there’s never been a better time to start migrating your office structures online.
Document template prompts Draft a welcome letter for a new client joining my law firm for family law. Free Guide The Paperless LawOffice: A 12-Month Plan for Going Paperless This free guide will provide you with an actionable plan for going paperless, with monthly tasks that include: 1.
You should weigh the benefits to your firm and clients while also looking at the potential short- and long-term ramifications. Payment practices are at particular risk for compliance missteps, client frustrations, and tricky workflows. The takeaway here is that law firms need to outline what is expected of them.
Use a time tracker to capture all your billable hours There are lots of reasons why time tracking is vital to your law firm: accurate billing, resource allocation, compliance with ethics guidelines, and increased revenue. Here are six strategies to keep your time-tracking client-centered. 1.
Here are three examples of areas where you can easily make gains: Document management If your files are constantly disorganized, it will take you longer to find what you need (not to mention, it can be a security and compliance hazard). Move forward with Rocket Matter. Schedule a demo or start a free trial today.
Learn how big tech has changed the legal industry Free Guide The Small Firm’s Guide to Big Tech While any change in how you operate your lawoffice can feel overwhelming, there’s never been a better time to start migrating your office structures online.
Rocket Matter lets you reach for the stars Our Rocket Matter Website professionals understand the intricacies of the legal world, from legal-specific content to compliance with industry standards. Whether you're a solo practitioner or part of a large firm, there's sure to be a fully managed solution that's just right for you.
Legal ethics and compliance: ABA and state bar rules prohibit lawyers from charging clients unfair fees for services. Fair compensation: If your rate is $300 per hour but you forget to include just one hour every week, that’s a loss of $1,200 per month. And often, time leakage can be much worse.
Ensure ABA compliance Manual time tracking leaves the door wide open to human error when it comes to billing, which can lead to time-consuming mediation with clients and an increased likelihood of audits. Less work for your clients. It’s a productivity boost for everyone involved.
More useful posts: 9 Reasons Why LegalCRM Takes Your Law Firm To The Next Level Top 8 Technologies to Help You Run a Paperless LawOffice Why is Online Legal Payment Processing a Must for Your Law Firm 12 Legal Payment Processing Features to Look For Want to see a healthier cash flow and happier clients?
The right legal billing software can help your law firm employ a variety of fee structures so that you can use the right tools for each client’s unique needs. 5. Rocket Matter’s legal payment processing software makes it easier for you to bill clients—-and easier for clients to pay. Schedule a demo today!
However, it's crucial to ensure that these donations are made to eligible charitable organizations and are properly documented for compliance. Philanthropic donations often qualify for tax deductions, reducing a firm's overall taxable income. Make sure you’re paid up Are you up to date with all your financial obligations?
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content