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Last year, I reported here on the acquisition by LEAP Legal Software , an international provider of cloud-based practicemanagement software for smaller law firms, of WealthCounsel , one of the leading providers of software, training and support for estateplanning and elder law attorneys.
Many lawyers start their firms focused on helping clients and building a successful practice, not wanting to think about the day they’ll leave it. However, failing to develop a small law firm succession plan for the firm’s eventual leadership transition opens the door to significant risks for your firm and your clients.
Last year, I reported here on the acquisition by LEAP Legal Software , an international provider of cloud-based practicemanagement software for smaller law firms, of WealthCounsel , one of the leading providers of software, training and support for estateplanning and elder law attorneys.
Firms must invest in a lawpracticemanagement system (LPMS) with robust document creation and management tools to move from their current chaos to a future of fluid workflows. An estateplan results in powers of attorney, wills, healthcare directives, and perhaps trusts.
The majority of law firms use just five or fewer unique software products, according to a legal industry study published today by the lawpracticemanagement company Smokeball. Practicemanagement or case management, 34%. Reputation management, 10%. Payment processing, 36%. Teams or Slack, 29%.
This tool is particularly beneficial for law firms with multilingual practices, as it can translate videos into various languages, enhancing client engagement across different demographics. If you want to learn more about how to enhance your client experience, check out our free download, the Complete Guide on Law Firm Clients.
The post Future-Proof Your Practice: A Guide to Law Firm Succession Planning appeared first on Rocket Matter. According to a 2013 Law Firms in Transition Survey , the answer for most firms is usually concerning. Less than 30% of practices have formal law firm succession planning protocols in place.
Law specialization has become increasingly common — almost a necessity. . Abraham Lincoln, licensed to practicelaw in 1837 in Illinois, may be the archetypal general practice attorney. The Lincoln Legal Papers Project identified over 5,600 cases and nearly 100,000 documents related to Lincoln’s lawpractice.
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 law office can feel overwhelming, theres never been a better time to start migrating your office structures online. Get free e-book Is your law firm struggling to keep up with repetitive document creation?
Several recent Legal Talk Network episodes take deep dives into day-to-day tools and lawpracticemanagementpractices. Topics cover: building custom estate documents, developing tags for easier information retrieval, and managing trust accounts to reduce risk. More from Legal Talk Network.
Among the many topics discussed were updates to Florida Law, Blockchain, data breaches, legal education, bar admissions, prepaid legal insurance, and technology competence. . Florida Bar Annual Convention 2019: Chapter 9 and Prepaid Legal Insurance Plans. Florida Bar Annual Convention 2019: Employment Law Updates.
When discussing legal tech as an industry, we often focus on horizontal solutions — research, document management, case management, practicemanagement — that apply to law firms regardless of practice area. I specialize in Intellectual property law, not employment or personal injury. and Canada.
Aiming to help law firms capture more client leads and streamline client intake, the lawpracticemanagement company Smokeball is introducing Smokeball Intake, an intake workflow system integrated within its platform that is intended to provide potential clients with the kind of digital experience they expect from a modern law firm.
While we have recently launched, we spent some time on surveying the market and have planned our product development around the biggest pain points of litigators. AltFee Elevator Pitch: AltFee revolutionizes law firm pricing by offering a foundation for alternative fee structures. Plan for growth: Declined to publicly disclose.
By streamlining tasks, including marketing and client communications (which any lawyer knows can take up more time than expected), law firms that leverage AI can increase their profitability and productivity. Understandably, many law firms are cautious about utilizing ChatGPT and other AI tools.
They focus on business law, criminal defense, estateplanning, family law and labor/employment law. The Problem… With a couple firm locations under his belt, Scurlock reached out to his account manager (AM) at Avvo and requested a focus change in law firm advertising to cover both Texas and Arkansas.
They focus on business law, criminal defense, estateplanning, family law and labor/employment law. The Problem… With a couple firm locations under his belt, Scurlock reached out to his account manager (AM) at Avvo and requested a focus change in law firm advertising to cover both Texas and Arkansas.
Running a law firm is a lot of work. Large law firms understand the need for effective marketing and often hire internal marketing managers to handle this task. They have the resources to hire and benefit from a marketing manager on their staff. What Is a Law Firm Marketing Manager?
LEAP Legal Software , an international provider of cloud-based practicemanagement software for smaller law firms, has acquired WealthCounsel , a leading provider of software, training and support for estateplanning lawyers, and its related company ElderCounsel. LEAP CEO Richard Hugo-Hamman. Going Deep on Content.
The lawpracticemanagement company LEAP Legal Software has hired Misti Holmes , a 20-year veteran of the legal technology, as its new chief operating officer in the United States. LEAP was founded in 1992 in Australia, where it is the largest practicemanagement company, and it now has more than 60,000 users worldwide.
One of the strongest cases for lawpracticemanagement software (LPMS) is that it understands how legal professionals work. Practicemanagement software excels where Outlook or the Google Suite fails because an LPMS works within the concept of a “matter,” something unique to the legal market.
The majority of law firms use just five or fewer unique software products, according to a legal industry study published today by the lawpracticemanagement company Smokeball. Practicemanagement or case management, 34%. Reputation management, 10%. Payment processing, 36%. Teams or Slack, 29%.
By recording time and knowing, for example, that a $10,000 flat fee estateplan takes $5,000 to prepare ( i.e. , comparing the fee charged against staff salaries and other expenses), the firm gains a profit margin “snapshot.” TimeSolv understands that making time entry simple and quick ranks of first importance.
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. As you track your time, you can measure hours worked against hours estimated.
Thanks to the increasing demand for legal services over the past couple of years, many areas of law are experiencing shifts in their growth trajectories. These sudden changes have jumpstarted many new and growing legal practice areas. We know that the pandemic helped contribute to these emerging areas of law. CCPA laws ).
In an industry of precision, trust, and consistency, law firms need to plan strategically to achieve sustainable growth. The legal landscape is changing fast, and law firms are under pressure to become more efficient, deliver better client service, and be more adaptable to stay competitive.
The lawpracticemanagement company LEAP Legal Software has hired Misti Holmes , a 20-year veteran of the legal technology, as its new chief operating officer in the United States. LEAP was founded in 1992 in Australia, where it is the largest practicemanagement company, and it now has more than 60,000 users worldwide.
billion by 2029, your law firm needs to get on board—and sooner rather than later. Along with e-signatures, secure file-sharing is a must for law firms. Your law firm must find ways to safely share sensitive documents with clients to ensure their personal data remains protected. Still on the fence? Even better?
Law and accounting are two highly-coveted career paths. Legal professionals who work in the highly sought-after field of accounting law assist with audits, offer guidance on the tax considerations of business decisions, represent clients in court cases, and more. Yet, working with two professionals can be expensive and time-consuming.
For example, Attorney at Work’s Top 20 Articles of 2021 captures the zeitgeist of what’s on the minds of small law firms. Legal research tasks used to fall into one of three groups with time as the limiting factor — doable by any law firm, doable only by large firms such as 50 state surveys, and impossible.
They focus on business law, criminal defense, estateplanning, family law and labor/employment law. The Problem… With a couple firm locations under his belt, Scurlock reached out to his account manager (AM) at Avvo and requested a focus change in law firm advertising to cover both Texas and Arkansas.
They focus on business law, criminal defense, estateplanning, family law and labor/employment law. The Problem… With a couple firm locations under his belt, Scurlock reached out to his account manager (AM) at Avvo and requested a focus change in law firm advertising to cover both Texas and Arkansas.
We attended a day-long retreat with practicemanagement advisors from across the U.S. If you haven’t heard of this product, she wrote about it in the January/February issue of the ABA’s LawPractice magazine. His presentation is titled “Law Firm Efficiency Overhaul: Optimize Your Technology for Maximum Performance.”
SOMETHING FOR EVERYONE From the conference kickoff with the ever-popular “60 Tips in 60 Minutes” to the closing session of “What’s Hot and What’s Not in Law Office Management & Technology,” the Solo & Small Firm Conference combines fun social events with 12 hours of MCLE credit, including two hours of ethics. DON’T MISS OUT!
Diversifying into additional practice areas is one way to expand and, hopefully, bring in new income streams. But how do you know what area of the law to get into? And how do lawyers get into a new practice without the requisite experience? That means elder law will be a popular area, as will estateplanning and probate law.
While we have recently launched, we spent some time on surveying the market and have planned our product development around the biggest pain points of litigators. Elevator Pitch: AltFee revolutionizes law firm pricing by offering a foundation for alternative fee structures. Plan for growth: Declined to publicly disclose.
Their conversation ran the gamut from law firm marketing strategy to cultivating positive client relationships. Stay tuned for some inside baseball on creating a legal tech startup and the path that took Matt from practicing attorney to founder of MyCase and, eventually, Lawmatics. How do you create a marketing strategy for a law firm?
Whether you make art in your free time or you simply enjoy touring galleries and art fairs, you can actually channel that love of art into a law career. Want to learn how to utilize your passion for art in your law career? This area of law will offer you plenty of experience with art while you work to help your clients.
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