Return on investment (ROI) is a performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of several different investments. ROI tries to directly measure the amount of return on a particular investment, relative to the investment’s cost…
Introduction- One of the biggest challenges faced by law firms is the slow payment of invoices, with uncollected money and low realization rates putting a serious damper on a firm’s profitability and cash flow. When you peel back for the…
What is the cloud technology? It is essentially a network of hosted resources that you can access through the internet. Cloud-based software runs directly from company servers, which you can access through a web browser or dedicated app. Dropbox, Facebook,…
Introduction- Law Firms use data to evaluate and check their marketing efforts and learn more about their customers, making use of some of the key tools available to gather and store data. Attorneys can now use data analytics to inform…
Introduction- Legal utilization is complex for many law practitioners. As a whole, attorneys work hard to show their financial benchmarks by billable goals. For the fact that utilization becomes a differentiator for the success of the firm. Utilization rate in…
Introduction- Running a law firm is no different than running any other kind of business. Although legal business is a service business, the operational aspects should be treated similarly to other types of businesses like retail, hospitality, or even online…
Introduction- Just like the COVID-19 pandemic has had severe detrimental effects on various industries in the world, law firms and the legal industry have also not been spared and have been affected by the pandemic in a very devastating state,…
Introduction- “Most things worth doing in the world had been declared impossible before they were done” – Louis Brandeis, Supreme Court Justice. Well, the quote can be very well applied to the legal trends prevailing and the legal software associated…
Introduction- Law firms also change in the functioning and structuring as most firms do. And it’s quite easier to neglect the change when the profits are up and running. Any amount of change in the industry then hardly matters. But…
Introduction- Is it possible for Law firms to find clients and build the businesses over Facebook? Is it possible for lawyers and legal practitioners to find the right clients via Facebook advertising? Let us see why and how Facebook has…