How to Maximize Billable Hours with Effective Tracking
The legal profession is built on trust and relationships; payment methods should reflect the same. Here's why your law firm should consider this shift
Crafting the Perfect Email Disclaimer
A well-crafted disclaimer can protect your firm from potential liabilities and data breaches. However, are law firms devoting the necessary attention to this aspect? In this article, we'll delve into the importance of email disclaimers and explore what makes it effective.
Mastering the Retainer: A Lawyer’s Guide to Setting Effective Fees
As a lawyer or law firm owner, mastering the art of setting retainer fees is critical to ensuring financial stability and client satisfaction. Retainers secure your fees for services and establish a clear financial relationship with your clients from the beginning. However, determining a suitable
Understanding Mandatory e-Invoicing for Law Firms in Malaysia
https://corematter.biz/wp-content/uploads/2024/07/E-Invoice-for-Malaysian-Law-Firms-16-July-2024.mp4 With mandatory e-invoicing coming into effect in stages commencing 1 August 2024 into next year, law firms in Malaysia must begin preparing for this significant transition to electronically document virtually all commercial activities. The implementation of e-invoicing will impact all law firms, regardless of size. CoreMatter
Boosting Your Law Firm’s Financial Health: Strategies to Improve Receivable Accounts
Running a successful law firm requires more than legal expertise. Mastering the art of collecting accounts receivable is crucial for maintaining a healthy cash flow and ensuring your firm thrives. The frustration of unpaid invoices is a universal experience, but it doesn’t have to be
Understanding Scheduled Payments in Legal Billing
Have you ever browsed an online store and noticed options like Alipay, GrabPay, GCash, or OVO offering installment payment plans? This trend towards scheduled payments isn’t going anywhere, and it’s time to consider how it can benefit your law firm. While some might see scheduled
Streamlining Your Legal Billing: Tips to Avoid Double Billing
Efficient billing process is essential for law firms' profitability and client trust. Utilizing advanced legal billing software like CoreMatter can make your billing process smoother, more professional, and ultimately more profitable.
Choosing the Right Type of Law Practice for Your Career
Venturing into a legal career can be both challenging and rewarding in the dynamic landscape of the legal profession. According to the U.S. Bureau of Labor Statistics (BLS), employment of lawyers is predicted to increase by 10% from 2021 to 2031, a rate faster than
How Legal Assistants Can Be Empowered to Boost Productivity
Here, we explore several strategies, from providing training, building trust and openness, delegating tasks and learning from mistakes, to empowering legal assistants and improving productivity in your law firm
4 Ingenious Strategies to Skyrocket Revenue and Unlock Success for Your Small Law Firm
Are you ready to take your small law firm’s revenue potential to unprecedented heights? Brace yourself for a transformative journey where innovation meets profitability. Prepare to dive into four meticulously crafted strategies for rewriting the rulebook for small law firms, turning them into unstoppable revenue