Silent E: The New Law Firm Default Is Virtual

NCBA Law Practice Management Blog

The legal field is still reeling; and, law firms are adjusting to a new world. For modern law firms to succeed, it’s clear that providing virtual services is now a requirement; it’s no longer optional.

Teleprompter: Choosing a Law Firm Phone System

NCBA Law Practice Management Blog

Phone systems, and managing phone systems, are essential for law firms -- even if managing lawyers can tend to overlook the importance of such things. But, in a very real sense, law firm phone systems are really money machine s.

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Trust Fund Payment Processing for Law Firms

Payment Savvy

Most people think that payment processing for law firms is a simple and straightforward process. Due to the above reasons, law firms need to adopt an advanced payment processing system. Integrating innovative payment solutions within a law firm offers plenty of advantages.

Law Firm Collections – Get More in the Door

Payment Savvy

Unfortunately, many law firms struggle with getting clients to pay and maintaining steady cash flow. Enter law firm collections. There are simple ways law firms can improve their collection practices and get clients to pay them on time.

Arrested Development: What Do Modern Law Firm Associates Want, Anyway?

NCBA Law Practice Management Blog

Yet, law firms continue to require associates to move business forward. Managing partners often think, in these instances, about what the law firm needs. To get started, visit Red Cave's NCBA landing page , and start running your law practice like a business

Go Your Own Way: The First Thing You Need to Brand Your Law Firm

NCBA Law Practice Management Blog

Believe it or not, the most important part of law firm branding is something that law firms often ignore, or throw away. Law firms that conceive of compelling logos separate themselves from the morass of their competitors in a meaningful way.

New or Noob: How Law Firms Tend to Hire

Jared Correia

In the first instance, this notion of law firm training is more theory than practice -- as this purported intensive training for attorneys and paralegals and legal assistants doesn’t really ever materialize beyond dumping a computer in front of someone, and having them figure it out.

Lost Highway: Modern Law Firms Require Revised Intake Systems

NCBA Law Practice Management Blog

More than 60% of law firm do not return voicemails. Law firms often strike out in trying to meet that three-part requirement. In fact, most law firms don’t have an intake system at all.

Brand Aware: Logo Development for Law Firms

NCBA Law Practice Management Blog

Review some law firm logos, and you’ll probably find similar characteristics: prominent use of gavels and/or columns; the logo design will likely be based on the first letters of the last names of the name partners; and, the color scheme will probably be blue/white or gray. What I’m trying to say is that pretty much every law firm logo is the same. What if -- gasp! -- your law firm logo color scheme was not blue and white.)

Getting to Know Amy Mertz Brown of Gurstel Law Firm

Account Recovery

… The post Getting to Know Amy Mertz Brown of Gurstel Law Firm appeared first on AccountsRecovery.net. Getting to Know Amy Mertz Brown Gurstel Law FirmThe “Getting to Know” series is sponsored by Applied Innovation.

Best Law Firm Accounting Software

Nerd Wallet

Law business accounting is unique. In addition to basic accounting responsibilities, law firms must also maintain and reconcile Interest on Lawyers Trust Accounts (IOLTA), track and bill time spent on client work and produce easy-to-understand invoices.

Raise Up: Law Firms Should Increase Rates Annually

NCBA Law Practice Management Blog

The chief method for law firm business management is inertia, largely. They don’t run financial reports regularly ; so , they don’t have a consistent understanding of the financial health of their law firms.

Leading Consumer Rights Law Firm Acquires WebRecon

Account Recovery

April 1, 2021) — Jack Gordon, the founder and chief executive of WebRecon announced today that he has sold the company to a leading consumer rights law firm. Grand Rapids, Mich.

Draw Me a Map: Intake is Still the Biggest Law Firm Challenge

NCBA Law Practice Management Blog

The stats on law firm intake are pretty damning. 64% of voicemails left for law firms by leads are never returned. Only 1 in 3 phone calls for law firms are picked up live. It takes an average of 8 emails to schedule an appointment with a law firm.

Trinity: The Three Software Tools Modern Law Firms Run On

NCBA Law Practice Management Blog

If you’re a lawyer, law firm software is everywhere. Make one online search for the term, and you’re caught up in the vortex of SEO -- you’ll be served law firm software advertisements wherever you go online, from now until the end of time. I get how that can be annoying -- but, the point remains that law firms using the right software are more efficient, and make more money. This is your lodestar for the future of your law firm technology platform.

Net Loss: Law Firms Have Really Poor Net Promoter Scores

NCBA Law Practice Management Blog

Did you know that law firms have a really poor not promoter score? Unfortunately for law firms, their average net promoter score is 25. But, just because an average exists, doesn’t mean your law firm hits it. Through a unique partnership between the bar association and Jared Correia 's Red Cave Law Firm Consulting , National Creditors' Bar Association members now have access to experienced law practice management consultants at a special discount rate.

Way Outside: How to Rebuild Your Law Firm Practices

NCBA Law Practice Management Blog

The first is that law firm managers tend to rely entirely on their own experience. But, there is no one size fits all model for law firms, which means that lawyers should refer to various scenarios, before determining which option works best for them. And so, that’s a good conversation to have with a law practice management consultant *AHEM* , who regularly speaks to different law firms, to gauge their perspective s. )

Low Bar: How to Differentiate Your Law Firm from Competitors

Jared Correia

Because lawyers manage law firms, change within those law firms happens at a glacial pace.? Yet, while law firms cling to the status quo, upstarts in other industries redefine life and culture.? Law firms are reluctant to embrace process management.?

Sign of the Times: eSignatures Offer Law Firms Flexibility

NCBA Law Practice Management Blog

Law firms that require paper-based signatures are committed to in-person meetings ; b ut, th ose may not always be feasible. Of course, there are ot her reasons why your law firm may want to utilize esignatures.

Persons of Interest: Modern Staffing Options Abound for Law Firms

NCBA Law Practice Management Blog

Fortunately, for law firms owners, there are more staffing options now, than you can shake a stick, even if you’re not ready to make the move to hiring an employee. Many expanding law firms choose to engage contract attorneys, who can make their own hours, and are often experienced enough to manage their own wo r fklows. To get started, visit Red Cave's NCBA landing page , and start running your law practice like a business.

Double Play: The Simple Math Behind Law Firm Growth

NCBA Law Practice Management Blog

You’ve heard the phrase often from busy lawyers, law firm owners particularly: ‘If only I could clone myself’. It’s wishful thinking; but, it gets to the heart of the one barrier to law firm expansion that you can’t fake: In order to grow your business, to scale it. Adding staff is necessary to scale your law firm, but to do so effectively, you need to know how much each person who works in the law firm makes for the business.

Copy That: How to Manage Law Firm Data Backup

Jared Correia

I’m talking about the business disaster that could strike your law firm at any moment: flood, fire, data breach, device breakdown, smoke damage, truck carrying 30000 pounds of bananas careening out of control. Could your law firm recover from a disaster?

This Is Why I’m Single: You Should Only Have One Calendar for Your Law Firm

NCBA Law Practice Management Blog

Every year, when you apply for or renew your malpractice insurance, your provider asks whether you have a ‘dual calendar’ system -- like that’s good practice for running a law firm. To get started, visit Red Cave's NCBA landing page , and start running your law practice like a busines

High Volume: A Basic Encryption Strategy for Law Firms

NCBA Law Practice Management Blog

Nevertheless, most attorneys don’t feel like they have a comprehensive plan for managing encryption in their law firms, when it comes to sending secure files to clients and colleagues. That leaves a lot of law firms feeling a little insecure. But, there’s a simple strategy for managing encryption in law firms, that’s entirely based on the volume of files you need to encrypt. Most lawyers have a general understanding of what encryption does. (If

Product-Market Fit: How to Make More Money by Working with Non-Traditional Law Firm Clients

NCBA Law Practice Management Blog

While that option is good for law firms (hello: uncapped billings), clients often chafe at the model, because $— x however many hours the lawyer decides to work is a little bit more of an investment than, say, a Netflix subscription. Law firms seem to suffer from that very issue: a lack of differentiated offerings and a heavy price point. It’s not; and, this is the very reason law firms are productizing their services.

System Update: Law Firms Must Move from Analog to Digital Processes

NCBA Law Practice Management Blog

As the pandemic grinds on, law firms continue to see fewer opportunities to meet clients and referral sources in person. With no clear end in sight, law firms should be prepared to hunker down for the long-term.

Appeals Court Overturns Ruling Against Consumer Rights Law Firm

Account Recovery

The Law Office of Fox Kohler & Associates Third Circuit Court of Appeals

Convenience Store: Why Your Law Firm Needs to Be Different Now

NCBA Law Practice Management Blog

So, ask yourself: Does your law firm operate on the same principles? And, if yo ur law firm is one of those, you should not be asking yourself how you can improve over what another attorney in town is doing, but how you can more closely align to what Amazon is doing.

Fresh Start: Three Things to Do Before You Start a Law Firm

NCBA Law Practice Management Blog

Lawyers start their own law firms for any number of reasons. Despite that, most lawyers starting law firms tend to make the same mistakes. So, if it’s time for you to start your own law firm, good for you. It’s really hard to market a law firm if you’re trying to sell ‘general practice’ legal services. This process also has the added benefit of opening you up to referrals from law firms focused on complementary practice areas.

Preach What You Practice: Practice Area Pages are Essential to Law Firm Website Design

NCBA Law Practice Management Blog

Lawyers like to practice law; they don’t like to create content. To get started, visit Red Cave's NCBA landing page , and start running your law practice like a business Unfortunatel y, that’s a big deal when it comes to marketing.

Less Is More: Why Targeted Marketing Is So Important for Law Firms

NCBA Law Practice Management Blog

That’s in part because law firms are inherently geographically - limited business es -- in the main. What’s to stop a law firm from doing the same thing? For another, there may be restrictive rules relating to physical office space requirements for law firms, as well as a host of other protectionist measures to keep out-of-state lawyers, well. Because most law firms are still referral-based busines ses, they rely heavily on local connections.

Work Out: Does Your Law Firm Have a Remote Work Policy?

NCBA Law Practice Management Blog

Most law firms are distributed businesses, at this point. That, in part, means that working from home will become more accepted in the law firm environment, and a larger part of every lawyer’s workday.

Virtual Reality: Did You Know You Already Run a Virtual Law Firm?

NCBA Law Practice Management Blog

Most lawyers think of ‘virtual law practice’ as an all-in sort of thing: Either you’re completely virtual, or you’re not virtual at all. Even virtual law practices intending to be totally virtual don’t ever really get there. For one thing, law firms (due in part to jurisdictional limitations) are almost always physical entities, in some sense, even if the physical entity is a home office and the physical network is a limited number of local referral sources.

Collection Law Firm Facing Pair of FDCPA Class Actions

Account Recovery

A copy of the complaint in … The post Collection Law Firm Facing Pair of FDCPA Class Actions appeared first on AccountsRecovery.net.

This Time With Feeling: Empathetic Leadership is Essential for Law Firms Now

NCBA Law Practice Management Blog

There are multi-fronted crises overtaking the American landscape, including those related to reopening of cultural institutions and business, like law firms. One thing that law firm managers should do is to gauge the willingness of staff and employees to come back, and when.