Boilerplate Special: Modern Fee Agreements Should Contain Technology Provisions
Modern legal consumers may want to know about the technology a law firm uses, as well as the data security principles to which it adheres. Modern legal consumers expect that type of transparency from data and software companies; and, as law firms become more technically viable moving forward, there are going to be more similarities than differences between those two (seemingly wholly different) business models.
Adjustment Bureau: It’s Time to Look at Your Expenses
As the coronavirus pandemic continues to persist in some form or another, law firms should continue to scrutinize their expenses to see whether and where they can reduce their overhead.
Sign of the Times: eSignatures Offer Law Firms Flexibility
A number of esignature options exist. If you utilize a law practice management software, it may already be included, or available for integration. If you’d prefer or require a standalone solution, DocuSign, RightSignature and AdobeSign are popular options.
What Meeting Means Now: Video Conferencing Is An Essential Law Firm Technology
Everything you did in-person before, you now need to be able to do virtually as well. Since law firms have thrived on traditional business models, built on handshakes and in-person meetings, that can be a difficult conversion; but, it’s not impossible.
Real Estate Development: How the Landscape of SEO Has Changed
One current trend is the increasing exposure of paid advertising on the sought-after first page of Google search results. Looking at a first page result now versus those same results, even as compared to a few years ago, yields a significant difference. There are more paid advertising results (generally PPC) at the top of the page than ever before, and the prominence of those ads has been amplified.
Product Placement: How to Use Document Automation to Develop an Additional Revenue Stream
Traditionally, law firms had no way to reach, or capture revenue, from DIY clients. With legal products, however, law firms can appeal to both DIY-focused and cost-sensitive legal consumers.
Researching Legal Research: There’s a Handy Dandy Tool You Might Not Know About
To cut through the noise, check out the ‘Legal Information Buyer’s Guide & Reference Manual’, which is updated annually, to get am organized, unbiased collection of legal research tool features and costs.
Pretty Paper: Modern Lawyers Can Still Use Pen and Paper
I often tell attorneys that, if you can think of a workflow you need covered, there’s a technology tool out there for the job.
Teleprompter: Choosing a Law Firm Phone System
In a very real sense, law firm phone systems are really money machines. Getting a lead to the right person, transferring calls appropriately, accessing a message in a timely fashion, utilizing a system in which leads most often reach humans, even if those humans are part of a contracted virtual receptionist service . . . any or all of those attributes of a feature set and their application can increase your chances of converting a lead by degrees.
Open for Business: Why You Should Never Close On the Internet
Every time you complete a business-facing page — your website, a social media profile, a review platform page — you’re always asked to provide an opening and closing time for your office. Don’t.
Respect the Process: Clients Desire to Know How It All Works
Because clients choose lawyers based not only on their general expertise, but also based on their specific expertise in particular niche practice areas, they want to know more about the legal process that effects their claim.
Relaunch: How to Market Your Old Law Firm Like You Just Opened It
So, if your law firm is really bad about keeping in touch with clients and referrals sources, why not pretend like you just started your law firm? Reannounce yourself to the world, then use that as the launching pad for a consistent marketing program.
To Serve Man: The Time to Adopt the Cloud Is Long Past
If you haven’t fully adopted cloud software, you’re likely storing your documents and email on a server. But, there are a lot of associated costs for maintaining physical servers, like: the space they require, their need to be cooled, the electricity they suck up, the requirement to manage your own data backup and the frequent replacement cost.
Future Proof: What’s Your BHAG?
Not every goal is going to represent a total transformation of your business — but, you should have at least one that does represent that.
Web Client: Move Beyond Referral Marketing
All lawyers have marketed their law firms in the same fashion since time in memoriam. The idea was always to build a personal referral base via business networking, and that the rest would take care of itself. Even as the world around law firms has changed over time, that one constant has not changed. But now, if a new report is to be believed, other modes of client acquisition may be outstripping this tried and true option.
Settle Down: Build a Rate Sheet to Capture More Revenue
The majority of business owners have a very difficult time price setting. However, much of that effort (meant to define the value for what a professional does) is most often undone by those same professionals. This is especially true of lawyers, who don’t like to talk with clients about money, and are more than willing to discount their services at the slightest provocation.
Trigger Happy: Automation is the Key to Law Practice Efficiency
Efficient law firms return the most revenue by a wide margin. Yet, much of what law firms do cuts against efficiency.
Go Your Own Way: The First Thing You Need to Brand Your Law Firm
All I’m saying is: ignore logo design/creation/recreation at your own peril. In a hypercompetitive environment for small law firms, you need to show distinct differences between your firm and your competitor firms, to draw and convert client interest.
Copy That: How to Manage Law Firm Data Backup
Because any law firm could be struck by disaster, every law firm should develop and maintain a disaster recovery program. And, the primary component of any disaster recovery program in a cloud-based world is an effective data backup program.
Get Back: Lawyers are Really Bad at Following Up with Leads
89% of lawyers surveyed believed that their law firms followed up with potential clients within 24 hours; 62% of law firms actually never follow up with leads at all.