By ALB
In Legal
On 20 Feb 2025
Managing finances is an essential part of any law firm’s success. However, for many law firms, handling eBilling and accounts receivable can be time-consuming and complex. That’s where outsourcing eBilling services can make a big difference....
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By ALB
In Legal
On 30 Jan 2025
Billing in the legal industry can be complex and time-consuming. With more law firms turning to ebilling systems to simplify invoicing and payment processes, some are choosing to outsource these tasks to third-party providers....
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By ALB
In Legal
On 28 Jan 2025
Have you ever wondered how law firms manage to juggle serving clients and handling the often time-consuming task of billing? Well, many law firms are finding a simple solution to this challenge. What? Outsourcing their billing services....
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By ALB
In Legal
On 14 Jan 2025
Billing and getting paid is a big part of running a law firm. Lawyers need to track their time, send accurate bills, and make sure clients pay on time. However, doing this manually can take a lot of time and sometimes lead to mistakes. That’s where eBilling, or electronic billing, comes in. It’s an easy way to handle all of this work faster and more accurately....
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By ALB
In Legal
On 09 Jan 2025
Billing and collections are some of the most important but challenging tasks in a law firm. Lawyers and staff spend a lot of time tracking hours, creating invoices, and making sure clients pay on time. Fortunately, Artificial Intelligence (AI) is making these processes easier, faster, and more accurate. In this blog...
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By ALB
In Legal
On 07 Jan 2025
AI billing uses artificial intelligence to automate the entire billing process, from creating invoices to processing payments, managing billing cycles, and ensuring everything is compliant with the rules. It’s like having a smart assistant handle your billing tasks so you can focus on more important things....
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By ALB
In Legal
On 02 Jan 2025
Legal e-billing is a digital system that helps law firms manage invoices and payments. With AI-powered e-billing, the traditional billing process becomes faster, more accurate, and less prone to errors. But what is AI e-billing exactly, and how can it help law firms improve their operations? Let’s break it down....
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By ALB
In Legal
On 12 Dec 2024
When it comes to running a law firm, managing finances is key, and one of the most crucial aspects of this is understanding accounts receivable. Simply put, accounts receivable refers to the money that your firm has earned but has not yet collected from clients....
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By ALB
In Legal
On 10 Dec 2024
Managing finances effectively is a cornerstone of any successful law firm. Among the essential financial processes, accounts payable (AP) and accounts receivable (AR) play crucial roles in ensuring your firm's stability and growth....
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By ALB
In Legal
On 05 Dec 2024
Selecting the right legal billing software is a big deal for law firms. It’s not just about creating invoices; it’s about making your work smoother, staying on top of regulations, and keeping your clients happy. ...
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By ALB
In Legal
On 03 Dec 2024
A law firm’s debt collection service is a specialized service designed to help law firms recover unpaid debts from clients. It involves a set of practices and strategies aimed at resolving outstanding payments while protecting the firm’s reputation and maintaining good client relationships. Law firms handle debt collection more efficiently than businesses, as they have the experience, resources, and legal knowledge necessary to navigate the complexities of this process....
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By ALB
In Legal
On 28 Nov 2024
Electronic billing, commonly known as e-billing, has revolutionized the way organizations handle invoicing and payment processes. It involves the digital transmission of invoices, replacing traditional mail, and utilizes digital formats such as emails, online portals, XML, and EDI (Electronic Data Interchange)....
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By ALB
In Legal
On 29 Oct 2024
Billing and collections services are essential for the financial health of law firms, yet many attorneys find these processes overwhelming and time-consuming. According to the latest Legal Report, lawyers average less than three billable hours per day...
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By ALB
In Legal
On 22 Oct 2024
Managing billing in-house might seem like a simple solution for law firms, but it often presents significant challenges that can affect efficiency and profitability. As legal practices grow, their administrative needs become more complex, making outsourced solutions increasingly attractive. In this blog...
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By ALB
In Legal
On 17 Oct 2024
Outsourced billing and collections have become essential components of modern law firm strategy, enabling legal practices to optimize their financial processes. This approach involves delegating critical tasks such as invoicing and payment collection to specialized third-party providers....
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By ALB
In Legal
On 01 Oct 2024
Legal billing software is transforming the way law firms manage their financial operations, with many firms reporting a staggering 40% increase in invoice processing efficiency after implementation....
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By ALB
In Legal
On 26 Sep 2024
Traditional billing processes in law firms often present significant challenges that can hinder both financial performance and client relationships. Issues such as inaccurate time tracking, complex fee structures, and compliance with regulatory standards can lead to delayed payments and disputes with clients. ...
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By ALB
In Legal
On 24 Sep 2024
Efficient and accurate billing practices are essential for maintaining financial stability and nurturing client relationships within the legal sector. Traditional billing methods often result in errors, disputes, and inefficiencies that can significantly hinder a law firm’s performance....
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By ALB
In Legal
On 19 Sep 2024
Legal billing management software is important for law firms that want to improve their operations, especially smaller and medium-sized practices. These software solutions help streamline billing processes, improve accuracy, and allow legal professionals to focus on providing excellent legal services to clients....
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By ALB
In Legal
On 17 Sep 2024
A law firm’s realization rate is an important financial metric that measures the proportion of billable hours that are actually paid by clients. It reflects how effectively a law firm converts its billed hours into revenue....
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By ALB
In Legal
On 10 Sep 2024
Legal spend management is crucial for corporate legal departments. It focuses on controlling and optimizing expenses related to legal services, whether provided by in-house teams, external counsel, or alternative legal service providers. This practice enhances financial oversight and boosts operational efficiency within legal teams....
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By ALB
In Legal
On 05 Sep 2024
Law firms worldwide increasingly cite operational efficiency as their foremost challenge. To address this issue effectively, legal software has emerged as a crucial solution, providing tools such as automated billing and streamlined payment processes. ...
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By ALB
In Legal
On 03 Sep 2024
In-house legal departments are becoming crucial for managing legal risks and ensuring compliance within organizations. However, they face some significant challenges related to legal billing that can impact their operational efficiency and financial management. ...
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By ALB
In Legal
On 29 Aug 2024
Managing e-billing rejections is a critical aspect of ensuring smooth financial operations in law firms. E-billing, while efficient, can often lead to complications when invoices do not meet client requirements, resulting in rejections....
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By ALB
In Legal
On 27 Aug 2024
The Legal Electronic Data Exchange Standard (LEDES) is a standardized format for legal billing, established in 1995 by the Legal Electronic Data Exchange Standard Oversight Committee. ...
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By ALB
In Legal
On 20 Aug 2024
Double billing is a significant ethical issue in the legal field. It occurs when a law firm charges multiple clients for the same service or work during overlapping periods....
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By ALB
In Legal
On 13 Aug 2024
The continuous evolution of AI technology presents a valuable opportunity for in-house legal teams to optimize their workflows and processes. Adopting legal AI can efficiently manage high-volume, repetitive tasks, freeing up valuable time and resources for legal professionals to focus on more complex and strategic work....
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By ALB
In Legal
On 08 Aug 2024
Ensuring adherence to legal billing guidelines is paramount for law firms committed to upholding ethical standards and maintaining financial transparency. These guidelines, established by entities such as state bar associations, legal ethics committees, and regulatory bodies, govern critical aspects of billing practices, including fee structures, calculation methods, and the management of client funds....
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By ALB
In Legal
On 06 Aug 2024
For a significant amount of time, the process of legal billing has been quite labor-intensive for law firms. It involved manually tracking billable hours and meticulously preparing invoices. These traditional methods often led to errors that could strain client relationships....
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By ALB
In Legal
On 01 Aug 2024
Compliance is an important term in legal billing. It is crucial and directly affects client relationships, efficiency, and financial stability....
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By ALB
In Legal
On 30 Jul 2024
Choosing the right law firm for your business is a big decision that can greatly impact your success. Whether you're a new startup or a well-established company dealing with complex legal issues,...
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By ALB
In Legal
On 16 Jul 2024
Accurate and compliant billing is essential for building client trust and ensuring smooth operations. However, manual billing often leads to errors and inefficiencies, causing billing rejections and delays....
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By ALB
In Legal
On 11 Jul 2024
Ensuring compliance with legal billing guidelines is crucial for law firms and their clients. These guidelines dictate acceptable billing practices, such as hourly rates and detailed descriptions of legal work. ...
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By ALB
In Legal
On 04 Jul 2024
E-billing, or electronic billing, has revolutionized how law firms manage their invoicing processes. By leveraging specialized software, this efficient method automates the entire billing cycle, from invoice generation to transmission and management. ...
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By ALB
In Legal
On 02 Jul 2024
Invoice disputes can be a major hassle for businesses, causing delays in payments and straining relationships with vendors. However with the help of artificial intelligence (AI), managing invoices has become more efficient and effective for small and medium-sized law firms and other businesses....
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By ALB
In Legal
On 11 Jun 2024
Running a small law firm can be a rewarding experience, but it also comes with its fair share of challenges. One of the biggest challenges faced by small firms is the overwhelming administrative tasks that can take up a significant amount of time and energy....
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By ALB
In Legal
On 06 Jun 2024
Legal billing professionals face a significant challenge in securing timely and accurate payment for legal services. One of the primary obstacles in this process is the complex insurance company billing guidelines, also known as Outside Counsel Guidelines (OCGs), ...
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By ALB
In Legal
On 30 May 2024
The legal world is changing fast, and one of the big reasons for that change is the use of advanced technologies like Artificial Intelligence (AI)....
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By ALB
In Legal
On 23 May 2024
The legal industry faces a time crunch. Managing between complex cases, maintaining client relationships, and ensuring regulatory compliance, law firms often find themselves bogged down by administrative tasks....
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By ALB
In Legal
On 23 Apr 2024
As lawyers, you face a multitude of tasks, from managing cases to communicating with clients and attending court appearances. In the midst of this busy schedule, it’s easy for billable hours and timely payments to fall through the cracks, causing a significant cash flow bottleneck that impacts your law firm’s financial health and stability....
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By ALB
In Legal
On 18 Apr 2024
The American legal industry is a highly competitive landscape, with over 1.3 million lawyers vying for clients. In this cutthroat environment, a well-defined growth strategy is a necessity for any law firm seeking long-term success....
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By ALB
In Legal
On 16 Apr 2024
Have you ever imagined accessing your data and applications from anywhere, anytime, on any device? Cloud computing, a secure and efficient solution trusted by businesses across industries, can make this a reality for your law firm. ...
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By ALB
In Legal
On 11 Apr 2024
The accurate recording of billable hours is a fundamental element of a successful legal practice. Law firms face the ongoing challenge of balancing fair client billing with capturing the full value of their services....
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By ALB
In Legal
On 28 Mar 2024
The effective management of legal expenditures has become a strategic imperative for contemporary corporate legal departments. Traditional paper-based billing processes, characterized by a lack of standardization and prone to human error in data entry, pose considerable challenges to transparency and cost control....
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By ALB
On 26 Mar 2024
The demand for efficient and economical billing processes in businesses today is undeniable. Traditional paper methods are outdated, prone to errors, and detrimental to the environment. Fortunately, there’s a modern solution: e-billing services....
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By ALB
In Legal
On 19 Mar 2024
Efficiency holds great importance in the competitive world of legal operations. Among the countless tasks handled by law firms, billing processes often present significant challenges that can impede growth and profitability. ...
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By ALB
In Legal
On 14 Mar 2024
Outsource Billing Services involve delegating billing tasks to specialized third-party providers, allowing law firms to free up valuable time and resources. These services encompass invoicing, time tracking, expense management, and accounts receivable management. ...
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By ALB
In Legal
On 12 Mar 2024
In recent times, the legal industry has witnessed a notable trend with many law firms opting to defer their incoming classes. This practice, although not entirely new, has gained momentum in recent years, raising concerns about its potential impact on law firms in the future.
In this blog, ...
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By ALB
In Legal
On 05 Mar 2024
The world of billing is rapidly changing, with traditional paper-based invoicing being replaced by electronic billing (eBilling). This shift represents a significant evolution in billing processes, offering a range of benefits including increased efficiency, improved accuracy, and enhanced environmental sustainability....
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By ALB
In Legal
On 29 Feb 2024
Legal billing has never been easier with the help of advanced invoicing software designed specifically for law firms. This software automates billing tasks and ensures accuracy in financial transactions, making a significant difference in operational efficiency and client satisfaction....
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By ALB
In Legal
On 22 Feb 2024
As we step into the year 2024, law firms are faced with both new opportunities and challenges in their quest for profitability....
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By ALB
In Legal
On 20 Feb 2024
Machine learning, a subset of artificial intelligence (AI), has gained significant traction in various industries, including the legal profession. It uses smart computer programs to learn from lots of data and make decisions or predictions. ...
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By ALB
In Legal
On 17 Jan 2024
Over the past 30 days, our eBilling team played a pivotal role in aiding US law firms recover $5,768,235! ...
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By ALB
In Legal
On 16 Jan 2024
Efficient and accurate legal billing stands as a cornerstone for the success of law firms, directly influencing their operational efficiency, cash flow, and overall profitability. ...
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By ALB
In Legal
On 11 Jan 2024
Legal billing is a crucial aspect of law firms, impacting profitability and client satisfaction. To address the inherent challenges in the billing process, law firms must adopt the best legal billing practices to ensure efficiency, accuracy, and transparency. ...
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By ALB
In Legal
On 02 Jan 2024
Billing disputes pose significant challenges for law firms, straining client relationships and wasting valuable resources. This blog explores effective strategies to prevent billing disputes, ensuring smooth financial interactions within the legal profession....
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By ALB
In Legal
On 28 Dec 2023
The legal industry has traditionally relied on manual billing processes, which have posed significant challenges in terms of accuracy and transparency. However, the emergence of AI-powered legal billing software is reforming the way legal professionals bill their clients....
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By ALB
In Legal
On 19 Dec 2023
Traditional billing methods, rooted in paper invoices and manual data entry, are a drag on the ability of a law firm to thrive in today’s dynamic legal landscape. ...
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By ALB
In Legal
On 14 Dec 2023
The legal profession is a complex and demanding field that demands meticulous attention to detail, particularly in the realm of financial management. Law firms handle a vast volume of billable hours, expenses, and client invoices on a regular basis. ...
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By ALB
In Legal
On 12 Dec 2023
Legal counsel plays a crucial role in navigating the intricate legal landscape, ensuring legal billing compliance, mitigating risks, and providing sound legal advice to support organisational goals. ...
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By ALB
In Legal
On 05 Dec 2023
E-billing and billing services have completely transformed the traditional paper-based billing process, paving the way for digital efficiency and transparency....
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By ALB
In Legal
On 02 Nov 2023
Clear billing guidelines are essential for law firms of all sizes. They provide transparency, foster trust, eliminate conflict, streamline billing practices, and help law firms in complying with guidelines....
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By ALB
In Legal
On 26 Oct 2023
Corporate counsel billing guidelines are essential for law firms of all sizes to ensure accurate, timely, and compliant invoicing, leading to improved revenue realization....
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By ALB
In Legal
On 19 Oct 2023
Insurance billing guidelines can be complex and confusing, but they are essential for law firms that want to stay compliant and maximise reimbursements. ...
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By ALB
In Legal
On 12 Oct 2023
In the current ever-shifting legal setting, law firms must understand and comply with complex outside counsel guidelines (OCGs) to grow their revenue. ...
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By ALB
In Legal
On 07 Sep 2023
The legal landscape, well-known for its data-intensive nature, grapples with the management of multifarious documents, case files, and client records. This information is quite difficult to handle manually. ...
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By ALB
In Legal
On 05 Sep 2023
In the current global legal economy, law firms find themselves under pressure to offer high-quality legal services while keeping costs low. Billing practices are one area where law firms may profit immensely. ...
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By ALB
In Legal
On 31 Aug 2023
Efficiency is the key to success in the fast-paced world of law firms. Manual billing processes can be time-consuming and prone to errors, hindering productivity and profitability. ...
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By ALB
In Legal
On 20 Jun 2023
In today's dynamic and highly competitive legal landscape, law firms face the challenge of increasing revenue realization and maximizing profitability. Clients demand more value for their legal services, requiring firms to adopt proactive strategies....
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By ALB
In Legal
On 13 Jun 2023
Law firms face the significant challenge of boosting their revenue and maximizing profitability in the dynamic and highly competitive legal industry. As clients increasingly demand greater value for their legal services,...
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By ALB
In Legal
On 08 Jun 2023
In today’s dynamic legal landscape, precision and efficiency in billing are crucial for the success of large law firms and international powerhouses. ...
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By ALB
In Legal
On 20 Apr 2023
As a law firm, you know how important it is to maintain the profitability of your practice by billing accurately. However, write-downs and write-offs can significantly impact your bottom line. ...
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By ALB
In Legal
On 18 Apr 2023
Law firms are facing unprecedented challenges that hover over their financial stability in today’s highly competitive business landscape. ...
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By ALB
In Legal
On 13 Apr 2023
In the legal industry, clients’ billing guidelines are a crucial aspect that firms need to comply with to maintain a good relationship with their clients. ...
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By ALB
In Legal
On 11 Apr 2023
As a legal practitioner, you are certainly familiar with the challenges posed by billing reductions. For insurance law firms, in particular, such reductions often stem from non-compliance with client billing guidelines and time entry, ...
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By ALB
In Legal
On 06 Apr 2023
Legal billing is a critical and complex task that demands accuracy and efficiency. Using legal innovation has become significant in recent years in order to increase the effectiveness and accuracy of billing procedures....
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By ALB
In Legal
On 16 Mar 2023
Law firms are adapting to the evolving legal industry by incorporating new practices, particularly regarding legal billing and timekeeping. The rise of legal billing software has greatly impacted this process, with over 80% of law firms now using it....
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By ALB
In Legal
On 07 Mar 2023
As the world becomes more digitized, so do the processes that businesses use. The legal industry is no exception, and e-billing software has emerged as a key tool for law firms. ...
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By ALB
In Legal
On 02 Mar 2023
Are you tired of spending hours and hours on billing and invoicing for your legal practice? Do you want to increase your cash flow and reduce billing errors?...
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By ALB
In Legal
On 09 Feb 2023
Legal billing software is becoming increasingly popular as a tool to improve the efficiency of law firms’ billing processes. The software streamlines the process of managing client billing, which can help reduce costs, improve accuracy, and increase transparency....
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By ALB
In Legal
On 07 Feb 2023
Growing a solo law firm can be a challenging endeavor, necessitating significant time and energy to attain success. Whether you want to raise revenue, cross paths with growing demand, or just have the funds to hire professionals to manage the current situation, read on to know some tips for growing your solo law practice....
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By ALB
In Legal
On 02 Feb 2023
As a law firm, having the right legal software can help you become more productive and successful. With the right software, the law firm can improve its efficiency, reduce errors, and increase profits. ...
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By ALB
In Legal
On 31 Jan 2023
Whether you are a novice or a veteran in the legal industry, chances are you are always searching for methods to increase the productivity and growth of your business....
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By ALB
In Legal
On 17 Jan 2023
Law businesses can benefit from AI-powered legal billing software in several ways. AI-powered legal billing software can improve speed and accuracy, lessen errors, and provide more accurate data for analytics by automating the billing process. ...
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By ALB
In Legal
On 12 Jan 2023
The legal sector is in a state of flux, and technological innovation is at the forefront of this evolution. AI-enabled legal timekeeping software is one of the most valuable advancements in this area and can help law firms stay ahead of the competition. ...
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By ALB
In Legal
On 10 Jan 2023
The legal sector has a long-standing reputation as one of the most esteemed professions around the world. Nevertheless, as the 21st century has brought about various technological advancements, the industry has had to adapt to remain relevant. ...
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By ALB
In Legal
On 05 Jan 2023
The legal industry has traditionally been slow to adopt technological advances, but in recent years, they have come to recognize the power of Artificial Intelligence (AI) to optimize efficiency, productivity, and profitability. ...
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By ALB
In Legal
On 03 Jan 2023
Managing OCGs and ensuring billing compliance is an important task for any law firm, as it allows the firm to remain compliant with regulations and maintain a good reputation. ...
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By ALB
In Legal
On 29 Dec 2022
We all understand that compliance with billing guidelines improves client-firm relationships, but do you know how it also improves your firm’s revenue? Billings are the lifeblood of any business. ...
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By ALB
In Legal
On 27 Dec 2022
Artificial intelligence (AI) has a huge impact on the corporate world, and it is no different when it comes to billing compliance and timekeeping. AI can help with this by providing an automated system to track and monitor employee time and billing information. ...
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By ALB
In Legal
On 20 Dec 2022
Billing guidelines and compliance practices are the rules and procedures a law firm uses to track and bill its clients for their legal services. They provide a standard for determining the total costs of a case, billing rates, and the breakdown of those rates for each service....
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By ALB
In Legal
On 27 Oct 2022
The legal industry has always had to overcome a variety of challenges in their everyday work because of the legal profession’s fairly conventional approach and resistance to adopting new technologies. ...
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By ALB
In Legal
On 25 Oct 2022
The legal sector has seen significant upheaval over the past ten years. The growth of technology has resulted in more effective business practices, allowing lawyers to work more efficiently. ...
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By ALB
In Legal
On 20 Oct 2022
With the recent trend of remote working accelerated by the COVID-19 pandemic, many firms have been looking for ways to improve the way they operate. ...
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By ALB
In Legal
On 18 Oct 2022
Law firm billing systems are moving away from the traditional practice of having a partner as the head of a legal team. Instead, CEOs are being recruited to lead teams and handle the day-to-day operations. ...
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By ALB
In Legal
On 06 Oct 2022
Profits for legal firms play a crucial role in a world of fierce rivalry for business, where more and more deals fail than thrive. Law firms must be as profitable as possible. This can seem like a daunting mission for a company that doesn’t possess the gift of gab or a set of bionic hands. ...
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By ALB
In Legal
On 04 Oct 2022
The relationship between attorneys and law firms is complex. They know they are in a service business, but they also expect more from their law firm than any other profession. This culture of high expectations, coupled with the demands of their profession, ...
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By ALB
In Legal
On 29 Sep 2022
Attracting high-performing new talent seems to be on everyone’s minds. But how can you entice the most talented individuals to join your firm? ...
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By ALB
In Legal
On 27 Sep 2022
Legal associates are the lifeblood of law firms that not only bring in clients and make connections with people but also frequent the firm’s offices and offer extra assistance outside of working hours....
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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,...
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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. ...
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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....
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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....
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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....
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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. ...
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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. ...
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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....
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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....
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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. ...
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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. ...
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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!...
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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!...
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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. ...
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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. ...
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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. ...
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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....
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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. ...
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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. ...
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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....
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By ALB
In Legal
On 12 Aug 2019
This blog looks into the contemporary state of law firms' financial health across the world....
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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....
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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. ...
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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....
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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.
...
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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....
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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....
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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. ...
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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....
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