As we approach the end of the year, you’ve likely set goals for growing your law firm in 2022. Setting a goal necessarily means tracking your progress. In other words … using data analytics. Becoming data-centered, it turns out, should…
Across all industries, financial transactions via electronic payments have been growing in popularity for a few decades. And the use of electronic signatures, one aspect of electronic document management, is also on the rise. These two features are must-haves for…
If you’re spending way too many hours wrestling with manual workarounds for your small or solo law firm reports, you might think 30 minutes a week is a typo! It’s not. It’s a new reality for law firm managers and…
Cloud computing for law firms has slowly made headway over the last decade. Studies show as many as 78% of firms are already using some form of cloud technology. If you’re still on the fence, what’s keeping your firm on…
If automation for law firms brings to mind images of robots and machines replacing humans in your firm, you can rest easy. The reality is that automation is simply technology that simplifies the recurring manual tasks or processes that people…
The latest numbers are in. And once again they confirm the effectiveness of legal reporting tools on the top three KPIs impacting law firm profitability. The October 2021 Legal Trends Report by Clio looked at these three KPIs: Utilization, Realization…
In 2019, law firm workplaces accounted for 5.9% of all U.S. office leases according to CBRE. But real estate investment headlines like this - “Law Firms are Dumping Office Space” - can leave the impression the law office is dead. …
A fee allocation report provides a detailed view of the time and expenses that have been billed and collected at the matter level. In addition to informing fee allocation, fee allocation reports can form the basis of a firm’s bonus…
Trust accounting is arguably one of the most fraught and complex concerns of every law firm. The challenge of safeguarding and protecting client funds, while also sheltering your attorneys and your firm from the extremely serious consequences of improperly managed…
The rapid emergence of new legal technology and a global pandemic have significantly disrupted the law industry. Long before COVID, consumers were growing more and more dependent on technology. As they became accustomed to the convenience it provided, that dependence…