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Friday Wrap: Four Notable Legal Tech Deals as Athennian Raises $33M, Nexl Acquires Jade, Proof Raises $7M, and Justpoint Raises $6.9M

LawSites

Then last year, it raised an additional $7M CAD in Series A extension funding, with the notable addition of Jack Newton , the cofounder and CEO of law practice management company Clio, as an investor. . Read about Nexl in the LawNext Legal Tech Directory. ” Nexl Acquires Jade. Fishman founded Jade in Atlanta in 2020.

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Legal Time Tracking Essential Insights: Overcoming Challenges in Implementing Effective Time Tracking Systems for Law Firms

Rocket Matter

In this post, we’ll review the most common objections law firms face in implementing time-tracking systems, and then offer practical steps you can take so you can overcome them. Challenges law firms face in implementing time-tracking systems Want to get attorneys and legal staff on board with time-tracking processes?

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What Are Billable Hours? A Guide for Lawyers

Rocket Matter

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. What is a billable hour (and what isn’t)?

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Not the Witching Hour, the Billable Hour: Unraveling the Mysteries of Law Firm Billing

Rocket Matter

Billable hours are the basis of most legal fee calculations, and putting in enough billable hours is essential to the profitability of law firms—that’s why they generally seek to maximize the number of billable hours that associates and partners put in. Some firms have a billable rate for key support staff, such as paralegals.

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Maximize Your Billable Hours with These 10 Time Tracking Tips

Rocket Matter

Time is always in short supply for law firms, especially for firms with limited resources. Get free guide 6 Billing Strategies to Grow Your Law Firm Scaling your law firm doesn’t just mean adding more lawyers or increasing your number of clients.

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Custom Dashboards: A Revolution in Legal Data Management

Lawmatics

Managing a law firm is hard enough. Understanding the health of your firm shouldn’t be. Every facet of your law firm is unique – the clients your firm attracts, the investments you make in marketing channels, your intake process, even the services you offer. Welcome to Lawamtics Custom Dashboards.

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Do Lawyers Use CRM?

Lawmatics

More and more lawyers are using customer relationship management — or small law firm CRM — software to help them keep track of their clients, and no–we're not talking about the old Rolodex systems of yore. With today's streamlined CRM systems, it has never been easier for lawyers to manage client data efficiently.

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