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Tag Archives: law firm practice management

Infographic:  Billable Hours Gained with Practice Management

Infographic Money Saved and Earned with Law Firm Practice Management-header

Eight extra hours a month is just one of the benefits law firms can achieve with practice management technology. That translates to 12 days a year or just about two weeks. How that time translates to a return on investment, depends on what an attorney does with it. If the time is used for billable work, Blue Hill Research estimates ... Read More »

4 Telltale Signs Your Small Law Firm Has Outgrown its Software

4 Telltale Signs Your Small Law Firm Has Outgrown its Software

“One poor guy,” a legal administrator was spending six hours a day, twice a week running compensation reports for partners.  That amounts to 12 hours a week, or nearly 50 hours per month, where a survey of small law firms suggests most firms spend eight hours a week on the entire billing process, let alone running a single report. When ... Read More »

Building Client-Value Processes Into Law Firm Client Intake

Building Client-Value Processes Into Law Firm Client Intake

Every buttoned-up law firm builds protective measures into client intake. Whether it’s conflict searches, sending out engagement letters for signatures, setting up matters in practice or financial management software or any of the day-to-day tasks that play a key role in establishing proper records and conducting due diligence, all are considered standard processes for shielding the firm, and the client, ... Read More »

The Business Case for Law Firm Practice Management ROI

Case of the Cloud in Law Firm Practice Management

If the equation for return on investment (ROI) equals the gain from an investment, minus the cost of the investment, and in turn divided by the cost of the investment, then the ROI for law firm practice management could exceed 4000%. This estimate comes from a report published by Blue Hill Research titled Building a Business Case for Law Practice ... Read More »

4 PCLaw User Tips from Legal Tech Consultants  

4 PCLaw User Tips from Legal Tech Consultants

One of the good fortunes among the law firm practice management business at LexisNexis is an ecosystem of technology consultants. Many of these people have years of specialized knowledge and experience designing and implementing technology solutions for law firms – and have completed a certification process for LexisNexis software.  In some cases, many of them are also lawyers and have ... Read More »

Should Law Businesses Transform or Wait to Have Change Imposed

Transform or Wait to Have Change Imposed

The following is an excerpt from a new eBook titled 15 Ideas for Getting a Jump-Start on 2015 which is freely available with registration. According to the 2014 Law Firms in Transition Survey from Altman Weil, a large majority of law firm leaders report that greater pricing competition, practice efficiency, commoditization of legal work, competition from nontraditional legal service providers, ... Read More »

6 Practice Tips from Law Firm Management Experts

6 Practice Tips from Law Firm Management Experts

Anyone that peruses the list of predictions for the legal industry in 2015 might be struck by a more upbeat tone than in previous year’s predictions. There is a sense of renewing optimism, cautious as it might be, within the legal community. We can see that reflection in the words of 15 experts in a new eBook we published today ... Read More »

Firm Manager Brings a Case to a Close

firm-manager-close-a-matter-BOLB

It was a first degree charge in a matter of closure – a case of a case that could not be closed in a cloud-based tool for law firm practice management. That was true, however in the latest update to our Firm Manager product we’ve added that capability – and we’d like to believe it’s a demonstration of how responsive we ... Read More »

Should You Upgrade your Law Firm Practice Software?

Should You Upgrade your Law Firm Practice Software-web

Note:  The following is a guest post by Steven Best of Affinity Consulting. Here it comes again.  Your software vendor is releasing a new software update.  Should you upgrade?  How many times are we supposed to put up with this? As annoying as you may find it, and as irked as you may be at the price of the upgrade, ... Read More »

Does Software Solve a Problem Well for a Law Firm?

Does Software Solve a Problem Well for a Law Firm

Which approach is better for a law firm: cloud or premise software? It’s a question that inherently calls for a comparison style checklist of features and functions – and may overlook a better question:  Does the software solve a problem well for a law firm? Some of the debates – including those in which we’ve participated – forget well-established benefits ... Read More »