The billable hour is a cornerstone of the legal profession. For generations, lawyers have relied on increments of time to create value-based billing and quantify the services provided to clients. The more time a matter takes, the more lucrative it is for the attorney and the law firm. Yet, as the practice of law evolves…

Like any successful business, the success of your law firm’s profitability requires dedication, hard work, and attention to details. This means that you should be running regular reports about your firm’s performance in order to identify areas for improvement and make necessary changes. Key Performance Indicators (KPIs) are often talked about within the business arena,…

Far too many solo and small law practices utilize outdated and ineffective tools for their legal accounting needs. If you are one of them, you could be putting your firm at a significant disadvantage. Inadequate legal accounting software can lead to excessive amounts of time spent on accounting tasks, as well as the potential for…

As members of a profession highly steeped in tradition, many attorneys choose to run their law offices with tools and resources that have been utilized within the legal community for years and even generations. When opening a new practice, young lawyers may look to their older and more established peers for law practice management guidance.…

Business bottlenecks refer to areas of your business that run slowly, resulting in a workload backup or slow movement of other operations. They are essentially inefficiencies in your process that cause your workflow to become backed up. It’s important to identify bottlenecks within your law firm because they lead to inadequacies and may result in…

Before we get into the meat of this post, let’s answer the question that most of us are still asking. What is blockchain? Well, it is simply a chain of blocks. The chain is a public database and blocks are pieces of digital information. Still confused? Blocks store transactional data, such as date, time, and…