7 Tips to Clean-Up Law Firm Collections
Category: Blog
Like any business, law firms provide services with the expectation of being paid at the time the work is finished. Unfortunately, the average law firm only collects about 85% of invoiced amounts, which can add up to tens of thousands of dollars in lost revenue. Collecting debts can be challenging,
All businesses, law firms included, need reliable, consistent systems to maintain efficiency. While traditional processes served the legal industry for decades, those manual systems may not be sufficient to meet the current demand in the market. This is especially true when it comes to the law firm billing processes. Manual
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
In the modern legal industry, providing exceptional service isn’t just about winning for the client. According to the American Bar Association, a big part of maintaining legal competence is understanding relevant technology. Law firms that operate with outdated software — or worse, no legal technology — not only negatively impact
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