There’s more to making money than simply earning it. After all, it doesn’t matter how many hours you work if you can’t properly track and bill for them. That’s why streamlined, effective legal billing systems are essential for law firms.
If systems run smoothly, legal billing can be a painless—and fruitful—endeavor. But if your firm
For over 23 years, Gonzalez & Morales Law Offices LLC has provided legal counsel on civil law matters ranging from wills and probates to collections. Located in Humacao, Puerto Rico, Jose Gonzalez Rivera, managing partner of Gonzalez & Morales, and his staff consistently work to achieve outstanding client outcomes and satisfaction. How can they ensure
Key takeaway: Legal document automation software is a tool that creates smart, customizable templates for common legal files and forms. Law firms can use this software to quickly generate and share documents with clients—eliminating issues with human error, versioning, and access.
Document creation and management are non-negotiable parts of the daily grind in the legal
The legal industry continues to evolve each year. With generative AI settling into the legal tech space, law firms adopting more technology, and client expectations shifting, it can be tough to keep up with the latest changes.
Understanding the state of the industry can help your law firm stay ahead of the curve. Below, we’ll
Key takeaway: Law firm accounts receivable is the money clients owe after a law firm delivers legal services. The process can be as simple as executing the work, sending the bill, and receiving payment. However, some law firms struggle to receive on-time payments and may not receive payments until well past the due date.
Most
Key takeaway: Law firm accounting is a process that involves meticulous recordkeeping to comply with regulations set out by local jurisdictions and the American Bar Association (ABA). Detailed information is crucial to reaching your law firm’s financial goals and maintaining client transparency.
Law firm accounting is a complex system that’s responsible for countless non-billable hours
Key takeaway: Trust accounting involves closely managing and tracking client funds under requirements from the American Bar Association (ABA) and local jurisdictions. General guidelines for all firms include:
Customer relationship management (CRM) applications are known for their ability to store client data, but the best CRM systems for lawyers accomplish more than data storage. They also drive revenue and referral business by improving lead conversions, client satisfaction, team collaboration, and marketing effectiveness.
Let’s explore these CRM benefits in more detail, define the features
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