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Clients Are Spending More on Legal Tech: Can Smaller Firms Keep Up?

Attorney at Work

Increasing complexities in a number of industries are creating the need for high-value legal expertise. The ABA Task Force on Legal Needs Arising out of the 2020 Pandemic identified practice areas experiencing rapid growth in demand since 2020, including family law, insurance, data privacy, cybersecurity, labor and health law.

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What Should Be on a Client Intake Form?

Lawmatics

Type of matter, brief description of the legal issue, date and location of event, contact information for other parties involved Financial information. Income, assets, debts, liabilities, relevant insurance information (auto, health, and homeowner’s insurance policies) Signatures. Collaborative.

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How To Reduce Overhead Costs At Your Law Firm?

CaseFox

Law firm overhead costs include rent, salary of employees, accounting software, insurance, etc. These costs can include expenses like rent of the firm, insurance premiums, and salaries of the lawyers. These costs will be there even if you don’t have any profit or you are not selling any legal service.

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Boost Time Tracking Efficiency with an Attorney Billable Hours Chart

MyCase

However, certain qualifying expenses incurred while volunteering your legal services are eligible for a tax break. As a rule of thumb, keep all receipts and request official receipts from non-profit clients as extra insurance. Best Case-Management Software for Tracking Time. For example, this could include: .

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Clio’s recent guides

Legally Speaking

Clio's recent guides Download Clio’s free guides by clicking on the links below: How to Protect Your Law Firm From Rising Inflation Maintain a consistent flow of clients for your firm despite changes in demand for legal services. Provide exceptional client support while optimising the efficiency of your legal practice.

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How to Start a Law Firm

MyCase

Finally, purchase annual malpractice insurance—even if it’s not required in your state. This will provide peace of mind and protection should an error occur while providing services. These pooled funds require donations toward pro bono or non-profit legal services. Don’t let this figure paralyze you.

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How to Start a Law Firm

MyCase

Support services like marketing consultants. Purchased technology, including legal practice management software . Insurance . Finally, purchase annual malpractice insurance—even if it’s not required in your state. This will provide peace of mind and protection should an error occur while providing services.