Many lawyers rely on legal time tracking software to manage their time tracking and billing effectively. This digital solution is the first choice for tracking casework hours and simplifying client billing. Tailored to meet the unique demands of the legal profession, such software ranges from simple legal billing software to
Many law firms struggle to get their invoices paid on time (about 59%). There are several situations that prevent a client from paying their invoice, ultimately leaving the firm to chase down bills or send an account to collections, a process that would rather be avoided by all parties involved.
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