Law firm compensation models can be complex and difficult to navigate if you’re unfamiliar with them. There is no gold standard and firms typically create their own unique compensation models based on specific formulas and metrics.  Depending on the structure, the topic of a law firm’s compensation model can create

According to a national survey sponsored by the American Bar Association (ABA), remote work options are becoming a must-have for many lawyers. 44% of surveyed individuals expressed a willingness to quit their current job if offered another with better remote work flexibility. Additionally, most participants prefer conducting pretrial hearings, depositions,

Law firm invoices are the foundation of communicating the value of legal services and building brand trust — and they all start with a good template. A well-designed invoice template is a major contributor to a law firm’s reputation and cash flow. And in the wake of stories like the

Most law firms make money by the billable hour. The target minimum ranges between 1,700 and 2,300, but some firms quote higher numbers. However, lawyers simultaneously face the challenge of balancing billable work with non-billable tasks. They must bill sufficiently to cover the firm’s salaries and overhead expenses while ensuring

According to recent law firm productivity statistics, the top-cited challenge for law firms worldwide is operational efficiency. Technology, including legal time tracking software, is one of the best solutions to operational issues, offering capabilities like automated timekeeping and billing that can relieve stressful workloads. Wondering how legal time tracking software

Billing can often be a challenging aspect of law firm management. Along with being a time-consuming process, outstanding bills and poor cash flow can have a negative effect on law firm profitability. Some law firms wait 60 or 90 days for payment after an invoice is sent, and if it’s