Even slow moving, technology resistant industries like law are gradually being transformed by software. The reason software is so transformative is that it can unlock massive increases in efficiency. As a lawyer, your time is your money. Spending more time than necessary on trivial tasks means you’ll have less time available to bill and generate revenue for your business. With that in mind, it should be obvious why streamlining your operations is a good idea. Here are 7 ways you can streamline your law practice with software, including suggested tools you can use.
Purchasing and implementing new software can be intimidating. There are countless different programs with similar features. Even with a free trial period, you still never really know what you’re getting until you spend considerable time setting it up and actually using it to do your work. In order to make the process of buying law firm software as easy as possible, we put together this ultimate software buying guide for law firms. It uses a simple, 3-phase approach and gives you actionable tips on how to buy great software that will help your firm succeed.
The world has gone digital and there’s no turning back. Technology has already completely rewritten the rulebooks for how we live our lives and run our businesses, and it’s just getting started. Here at Lexicata, we are big believers that technology will make you a better lawyer, and that leveraging the power of software is key to building a successful law practice. The better you understand technology, the easier it will be to unlock the immense benefits technology has to offer. So we put together this list of 30 technology terms every lawyer needs to know to help you improve your tech savviness.
Despite the incredible technology advancements happening all around us, many law firms are stuck in their old ways. They still use software from two decades ago and they still do a lot of their work on paper files. But we are in the midst of a technology driven transformation which will only continue to accelerate as today’s younger generations make up an increasingly large portion of the workplace. As a result, tech savviness is becoming more important for lawyers than ever before. Read on to learn the two main reasons why this is the case.
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.