Technology is reshaping every industry right before our eyes. Some industries have already been completely overhauled, such as the music business and video rentals. Others are dying a slow painful death, like the taxi business and retailing. And in some industries, the technology shift has barely begun. Legal services falls into the latter category, with minimal changes so far. But as technology continues to expand and become more powerful, the pace of change could accelerate. In this post, we’ll discuss how legal services are changing with the times, and how legal process automation will play a major role in the law firm business model of the future.
Subscriptions are a novel idea for the legal industry, with its very traditional hourly billing model. But subscriptions are slowly gaining popularity with transactional law firms, and for good reason. Unlike hourly billing, which leads to unpredictable costs for clients and creates unnecessary friction in the relationship, subscription billing provides predictability. Clients know exactly how to budget their legal expenses, and law firms have a more stable workload and a recurring revenue stream. In this post, we’ll walk through how The Food Law Firm implemented a subscription billing model, how it has impacted the firm and its clients, and how they use software to streamline processes and maximize profitability.
I’m not going to sugar coat it…law firms are downright bad at adopting technology. Many firms, both big and small, struggle to implement new software, and it is rarely due to product deficiencies. It is because of their change-resistant attitudes, their lack of planning, and their failure to prioritize the use of technology to solve problems. Failed technology implementations can cause countless hours to be lost and thousands of dollars to be wasted. Not to mention that when you give up, you end up back at square one, without any improvements to your processes. It’s time for law firms to learn how to implement technology the right way. In this post, we’ll break down how to implement technology at your law firm in 4 steps without wasting time or money.
The law firm model has remained largely unchanged for a very long time. If it ain’t broke, don’t fix it, right? Well, not quite…we are currently in the midst of a broad, technology-fueled shift that is restructuring our entire economy. Maintaining the status quo is exactly what led to the demise of some big, successful businesses like Circuit City, Blockbuster, Toys R Us, and others. They didn’t innovate, and they were replaced by tech-based alternatives that could better meet the changing needs of customers. In order to avoid a similar fate, lawyers need to adapt the law firm model to be more aligned with today’s market environment. The number one thing you can do to stay ahead of the curve is to implement software extensively into your practice. Read on to learn about the 5 primary reasons why using software is the key to a thriving law practice.
Technology is encompassing more and more aspects of our daily lives, and the rate of technological innovation only continues to accelerate. Today, most lawyers are using at least some type of technology to help them run their practices, even if it’s just an email account to communicate with clients. But eventually, we suspect that technology will evolve to the point where it becomes the core engine upon which all law firm processes are running. In this post, we’ll cover some of the primary benefits of adopting technology into your law firm and explain three major ways that technology will make you a better lawyer.
Many lawyers frown upon “out of the box” legal solutions, like those provided by LegalZoom and Rocket Lawyer. There are good reasons for this, most notably that the services aren’t well-tailored to each individual’s situation. LegalZoom and similar companies are not law firms and cannot provide legal advice, meaning the range of solutions they can offer is limited. Nonetheless, these alternative legal services companies have achieved valuations in the hundreds of millions. Not many law firms can say the same, so clearly there is significant market demand for more affordable, easily accessible legal help. In this post, we’ll walk through the process of how to design, market, and sell productized legal services to help your law firm capitalize on this growing segment of the market.
Mobile phones have come a long way from the days when their functionality was limited to just calling and text messaging. Today, a smartphone is a full-fledged computer in your pocket. Since lawyers tend to be on-the-go quite often, whether out meeting with clients or in the courthouse, a mobile device is a key part of the daily workflow for many attorneys. Below is a list of the top 10 apps for attorneys that you should download in order to help improve efficiency and productivity in your law practice.
In today’s legal technology space, there is case management and e-discovery software galore. Literally hundreds of different companies with largely indistinguishable products, all vying for your firm’s business. But at Lexicata, we are pioneering a new breed of software designed specifically for one overlooked aspect of running a practice, and that is client intake. In this post, we will illustrate the value client intake software can bring to your firm and show exactly how it can help you retain more clients and grow your practice. Here are the top 25 reasons why you need client intake software in your law firm.
The internet has become a critical part of our daily lives. We rely heavily on it to communicate, take in information, and conduct business. But, the downside to this network with worldwide accessibility is that it’s inherently insecure, and there is always an element of risk when you submit your personal data online. One way to reduce this risk is to avoid submitting your information to insecure websites, which you can easily identify by looking at the browser’s URL bar. When you see that a website is “secure” it means they have installed an SSL certificate. In this post, we’ll explain what SSL is, how it works, and why you should secure your law firm website with an SSL certificate.
Data security has become a hot topic nowadays, mainly because of the increasing proliferation of technology and the internet in our daily lives. The digital age brings a lot of benefits for businesses and consumers, but it also comes with some added risks around the security of our sensitive data. It’s important to take note of these risks and ensure that you take all possible measures to avoid a security breach which could be catastrophic for your business. In this post, we’ll cover how to improve data security at your law firm in 5 simple steps.