Introduction Employees should always bring value to your law firm, whether their time is directly billable or not. Sometimes it is easy to identify your heavy hitters, but the relationship between employee value and cost is not always directly tied…
Introduction In the quest to understand performance and boost profitability, most businesses continually measure a ton of different metrics, ranging from customer satisfaction and employee engagement, to lead generation, marketing conversions and sales indicators. But perhaps the most universal metric…
Artificial intelligence (AI) is becoming a commonplace technology that helps us navigate our personal and professional lives with greater ease and convenience. Whether you realize it or not, AI impacts your day-to-day activities—from the Live Chat on your favorite eCommerce…
Cloud technology is a network of hosted resources that are accessible through the internet. Cloud software is hosted on the servers of the company that develops and owns it. As a user, you access the software through a web browser…
Running any business—including a law firm—starts with creating a documented long-term financial strategy and profitability model that aligns with your short-term budgets and reports, as well as with your long-term goals. These things are critical to managing your law firm…
Small law firms and solo attorneys need to prioritize marketing if they are going to compete with the bigger law firms in the area. Creating a marketing budget for a small law firm is integral for growth and success. And…
The fluctuating demand for legal services through out the pandemic and subsequent recession have brought many shifts in the growth of law trajectories. Also, the past year spotlighted more recession-proof legal practice areas. We know that the pandemic helped contribute…
Much has been talked and said about the pandemic ever since its spurge on the world economy. While the world is now getting into better shape with every single passing day, the legal industry also has not left itself behind.…
Small and mid-size law firms shouldn’t overlook the necessity of setting up the right budgeting and accounting strategies to organize financial information. Too often, law business owners see budgeting practice as a norm to be followed for marketing, law business…
Clients facing financial pressures of their own have become more demanding of their legal counsel and hesitant to pay fees billed by the hour which can be unpredictable and opaque. Law firms have had to devise alternative methods of billing…