As a business owner, you have a variety of skills that make your business successful. The knowledge of your services, your expansive prior experience, and passion for your business. Out of the many business operations, one that some may shy away from is accounting, but it doesn’t have to be
In today’s fast-paced and dynamic legal industry, time is more valuable than ever before. As a law firm’s book of business grows, it becomes increasingly important for lawyers to track their time accurately and efficiently. This is why firms should incorporate systematic time tracking for lawyers. Systematic time tracking is
Legal billing is a necessary component of law firm operations, ensuring that attorneys are fairly compensated for their hard work. Although it may be complex and time-consuming, it is important for law firms to approach the process with a commitment to ethical practices. Professional conduct rules such as Model Rule
As an attorney, you understand how collecting payments can be a major challenge. Between tracking billable hours, generating invoices, and sending them to multiple clients, you can end up spending more time on administrative work than on practicing law. That’s where legal billing software comes in — it can automate
Think about what makes your firm stand out. Quality of service or a long-standing reputation may come to mind. However, there are thousands of law firms and lawyers that do the same work you do. To increase law firm growth, it’s important to hone in on what sets your practice
It can be an ongoing effort to get clients to pay their invoices faster or even just on time. Clients run on a different timeline than your firm, so they may not understand the moving parts involved in your invoice and billing department. Before you start placing blame, you need