What Is LEDES Billing for Law Firms?
Category: Blog
Though LEDES billing has been a common legal billing format for law firms for over two decades, it’s not uncommon for lawyers with years of experience to have trouble navigating its intricate formulas. If a lawyer’s only interaction with the billing process is time tracking, they may not have an
Though you may have opened your own firm to practice law, at its core, a law firm is a business. Whether you’re tracking overhead expenses, billing, or taxes, you have to pay attention to key law firm profitability metrics and what they mean for your firm and legal practice management.
What Is an Attorney Referral Fee?
Category: Blog
With the growing competition in the legal industry, client acquisition is often the most challenging and expensive aspect of your law firm. It takes time and money to find clients that align with your expertise and fit into your schedule, but with attorney referrals, you can gain new cases for
In a slowing economy, cash has been tight. Many consumers are focused on building their savings and lowering their monthly spend, taking advantage of payment plans whenever possible. Think of any large payments you couldn’t pay outright — a car, a house, student loans, credit card debt, and more. For
Law firms amass sensitive client data and confidential information, an appealing reward for a sophisticated cyber attacker. According to the 2022 ABA Cybersecurity Tech Report, 27% of law firms experienced a security breach. Law firms need to be proactive about data security so they don’t become a statistic. Learn about
How to Master Legal Data Analytics
Category: Blog
Legal data analytics opens a new world of possibilities for law firms to achieve operational efficiency and improve outcomes for clients – all with existing data sources. It’s likely that you already use legal analytics without realizing it but devising a strategy can help maximize your firm’s success. Here’s everything