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By ALB In Legal On 14 Jul 2022

Did you know that growing your firm and revenue needs more than an idea or a thought? Just as a business has made it through the risky start-up phase, the next aim is to raise income in terms of being able to support the firm's operations expansion,... Read more

By ALB In Legal On 08 Jul 2022

The legal industry is amongst the widest and rapidly growing disciplines giving away financial sustainability, and there is no denying of the fact that every aspirant who is gearing up to pursue a career in law practice at some point wondering which areas of law practice are best paid. ... Read more

By ALB In Legal On 20 Dec 2021

Many US firms are still offering monthly billing bonuses to attorneys based on a monthly billing quota.... Read more

By ALB In Legal On 14 Dec 2021

Legal e-billing applications aid in automating the invoice submission, review and approval process. By reducing the need for human review, legal e-billing tools eliminate much of the inefficiencies that go hand-in-hand with a manual process and ensure full compliance with clients’ billing guidelines.... Read more

By ALB In Legal On 19 Oct 2021

The most obvious answer to this predicament lies in your expectations from the outside counsel and in the assessment of the benefits vs the risk of employing them to get the job done.... Read more

By ALB In Legal On 13 Oct 2021

When you have been working with TPAs and insurance companies for as long as I have, you tend to agree with their reasonable concerns regarding hiring outside counsel in addition to their in-house panel. ... Read more

By ALB In Legal On 28 Sep 2021

It is no news that the ongoing Covid-19 pandemic has revolutionized the work culture across industries around the globe. The legal sector has been impacted upon as well with great effect and in all fairness, the ‘new normal’ looks like it is here to stay. ... Read more

By ALB In Legal On 21 Sep 2021

The billing department of your law firm is often subjected to almost unfair challenges and pressures on account of being your firm’s financial backbone.... Read more

By ALB In Legal On 17 Aug 2021

Facing cash flow issues due to your client not coughing up the money on time? Well, you are not alone. A large number of small and medium-sized law firms report delays in payments.... Read more

By ALB In Legal On 15 Oct 2020

Almost overnight, law firms of all types and sizes were forced to completely rethink how they operate when the COVID-19 pandemic caused the shutdown of states across the country. In some sense, every law firm became a virtual law firm, relying on systems that allow them to work remotely from home or some other non-office location. ... Read more

By ALB In Legal On 06 Oct 2020

The workplace culture at many law firms is collegial if a little traditional. While lawyers are known to like offices with doors (link to article about office design), the traditions of walking down the hall to have a conversation with a colleague or picking up the phone to talk with another expert in the area of practice to share insight and experience is commonplace. ... Read more

By ALB In Legal On 10 Mar 2020

Reports on law firm performance from 2019 paint a rosy picture of increased profits despite flat demand for services. How could this be? In many cases, this is due to firms continuing success with raising billing rates for lawyer time – and having clients pay the bills!... Read more

By ALB In Legal On 03 Mar 2020

Practicing law is in part about building and maintaining trusting relationships with clients and a key element of building these relationships is providing clear, accurate bills. At first this might seem a little odd – clients don’t seek out legal advice to get billed after all!... Read more

By ALB In Legal On 25 Feb 2020

Innovation is everywhere in the legal sector these days. From job titles to department names and beyond, innovation is omnipresent. One legal industry commentator went as far as to say that “Innovative is the new Prestigious” in law firm superlatives. ... Read more

By ALB In Legal On 17 Feb 2020

2019 was a breakthrough year for legal technology companies, seeming to affirm that technology is changing the ways that lawyers work and that law firms operate. Investors have seen a legal tech industry that is maturing with software and technologies that are ready for use as soon as they are implemented at law firms. ... Read more

By ALB In Legal On 12 Feb 2020

Peter Drucker, who is credited with inventing the concept of modern business management, once said that you can’t manage what you don’t measure. He also said that you can’t improve what you don’t measure. These are simple thoughts, but there is a reason why these ideas have had such a lasting impact on businesses of all types, including law firms. ... Read more

By ALB In Legal On 03 Sep 2019

Compliance with various billing guidelines isn't short of difficult and plain exhausting. Here is our guide on general entries you can bill for, and those you must absolutely not.... Read more

By ALB In Legal On 27 Aug 2019

Technology has opened up possibilities that the world could not imagine existed just decades ago and every industry has reaped the bountiful benefits of technology to update its business modules and bring in plenty more revenue. ... Read more

By ALB In Legal On 19 Aug 2019

In this blog, we explore and analyze the existing technology prevalent in the legal world and throw insight into what the future could look like in terms of legal tech. ... Read more

By ALB In Legal On 15 Aug 2019

Over the course of the past decade, Insurance Carriers, TPAs and large corporations in the US have invested over a billion dollars on bill review vendors and better bill review platforms in order to ensure that each of the panel invoice submitted to them is entirely compliant with their individual billing guidelines.... Read more

By ALB In Legal On 12 Aug 2019

This blog looks into the contemporary state of law firms' financial health across the world.... Read more

By ALB In Legal On 05 Aug 2019

We understand that change can be difficult but it doesn't have to be-implementing changes in software for your firm can be a piece of cake if you follow the steps that we have mentioned.... Read more

By ALB In Legal On 30 Jul 2019

Visualizing and studying the firm's data can provide invaluably directional insights aiding in the firm's financial decision-making process. ... Read more

By ALB In Legal On 15 Jul 2019

This is a comprehensive outlook on the various features of Accurate Legal Billing and how it guarantees an increased profit margin.... Read more

By ALB In Legal On 10 Jul 2019

Relationships between clients and lawyers are fundamentally about trust – trust in legal advice, trust that both sides understand the other, trust that billing is fair, etc. Through this post, we examine several types of technology that helps law firms and clients achieve quality representation and build better relationships. ... Read more

By ALB In Legal On 04 Jul 2019

Your law firm’s profit margins are directly proportional to the judicious use of resources present to you- this is especially true in case of your employees’ efficiency. Read more here.... Read more

By ALB In Legal On 02 Jul 2019

Reducing Write-Offs is an integral move in the implementation of financial structures aimed at improving the profit margins of law firms. Read more to know how your firm can achieve this.... Read more

By In Legal On 16 Apr 2019

The aftermath of the great recession in 2008 for the legal industry has been rather severe and hence it would make a lot of sense for law firms to be prudent and make adequate changes in their administration and finances. ... Read more

By ALB In Legal On 11 Mar 2019

Losing out on billable hours is a lot scarier than it seems and could possibly result in the death of your firm. Here are five ways to prevent this loss.... Read more