Effective billing language is crucial for attorneys to maintain a positive client experience, avoid payment disputes, and foster transparency in billing practices. In this guide, we’ll provide sample language for fee agreements and tips to ensure a seamless billing process.… Continue Reading
PayPal, Venmo, Google Wallet—with so many convenient digital payment options available, it’s no surprise that online payments have become the norm and most people’s preferred payment method for everything from groceries to professional services. Let’s consider what that means for the legal industry and your firm.… Continue Reading
In today’s fast-evolving tech landscape, industries are transforming rapidly, and the legal sector is no exception. For smaller practices, embracing legal-specific technology is no longer just advantageous—it’s essential to stay relevant.… Continue Reading
Introduction Properly managing IOLTA accounts helps prevent the risk of being disbarred. However, the process can be confusing and cumbersome due to the commingling of prevention and client ledger/reconciliation management. In this e-book, we’ll guide you through the proper management of IOLTA accounts, including key tips for starting and operating these accounts and how LawPay … Continue Reading
Solo firms can fail for any number of reasons. The good news is if you can identify and responsibly address the risks, you can help ensure the long-term viability of your practice. The following are of particular concern.… Continue Reading
A work-life balance is challenging for many professionals, and lawyers are no exception. In fact, less than half of lawyers report being satisfied with their work-life balance. So, where’s the best place for a lawyer to start to maintain their well-being and ability to practice law? You need to first evaluate your current situation. Spend … Continue Reading
Billing is the lifeblood of law practice, but many of us have no idea what we are doing when it comes to invoicing and collecting payments. Similarly, we know we have to adhere to regulations regarding trust accounts, but how do we as attorneys actually accomplish three-way reconciliation? Law school did not prepare us to … Continue Reading
As the economy shifts online, law firms must adapt to clients’ evolving payment preferences, including accepting electronic payments (or e-payments). Why are e-payments beneficial for clients and law firms? This article highlights the most common advantages of electronic payments. Advantages of Electronic Payments for Law Firms 1. Provide a Positive Client Experience Clients increasingly prefer … Continue Reading
Advising clients involves myriad legal, financial, and personal considerations to ensure client assets are managed and transferred according to their wishes. Often, clients seek advice and wise counsel before a liquidity event. Whether it is the sale of a closely-held business, real estate parcel, minerals or some other asset, attorneys can leverage the use of … Continue Reading
Your law firm’s website is a powerful tool for reaching potential clients. In order to get those leads, you need your site to appear at the top of the search results on Google. Google Business Profile (GBP) is one of the best free tools available to help increase leads to your law firm. Optimizing your … Continue Reading
Your law firm’s website is a powerful tool for reaching potential clients. In order to get those leads, you need your site to appear at the top of the search results on Google. Google Business Profile (GBP) is one of the best free tools available to help increase leads to your law firm. Optimizing your … Continue Reading
From Houston to Dallas to El Paso, one issue that unites attorneys in the Lone Star State is: we suck at billing our clients. I didn’t go to law school (don’t ask me how long ago) to learn how to become a bill collector, and my school certainly didn’t offer any law firm management courses. … Continue Reading
Mineral ownership is often fractionalized, creating a complex situation for attorneys working to protect their clients’ interests and maximize mineral values. It becomes further complicated when family members are not working in concert to maintain leverage in their interests.… Continue Reading
More than half of surveyed lawyers say acquiring new clients is their biggest challenge. Retaining them can also be difficult in today’s fast-paced legal landscape. Fortunately, there are simple ways to provide an exceptional client experience, appeal to more prospects, and increase referrals.… Continue Reading
In 1829 U.S. Supreme Court Justice Joseph Story stated, “the law is a jealous mistress and requires a long and constant courtship.” This sentiment has held true to this day for far too many attorneys and that’s a problem, particularly for those who are unable to say no to their jealous mistress’s demand for a … Continue Reading
If you’re a lawyer in Texas who handles client money, you need to know and understand Interest on Lawyers’ Trust Account (IOLTA) rules. While IOLTA accounts aren’t applicable to all lawyers, it’s important to know whether you must use such accounts and how to manage them.… Continue Reading
In my previous life as a practicing Estate Planning attorney, I would often joke with clients who brought me revocable trusts to review. My go-to quip was to ask the age and retirement date of their former planner. Whether that got a laugh is debatable, but one thing this is certain. Revocable trusts have become … Continue Reading
Is the billable hour becoming a thing of the past? In an era where client expectations are reaching new heights, it’s crucial for your law firm to stay ahead of the curve. Legal firms should carefully consider several business elements to ensure they are crafting a pricing model that is fair, sustainable, and aligned with … Continue Reading
From the rise of generative artificial intelligence (AI) tools to cloud-based options that allow lawyers to operate more efficiently while working remotely, many firms are adopting more technology right now. However, it can be challenging to keep up with the latest options to find the tools that best fit your firm’s needs. In this post, … Continue Reading
There are countless ways to take on the skies in aviation. Whether traveling to meet with colleagues and clients or working on a case in another city, general aviation can help take you there while saving you time.… Continue Reading
In the immense landscape of Texas, there is a need for efficient and flexible travel solutions, especially for business professionals. While traditional travel has its place, chartering an aircraft offers many advantages that can enhance productivity and the overall experience of business travel across the state. Here’s why it is worth it for legal professionals … Continue Reading
Many business professionals use private planes to increase efficiency and enjoy a seamless travel experience. In law, the day-to-day schedule is typically one with many twists and turns, which makes looking for ways to ease the chaos even more critical. Piper Aircraft stands out as a top choice for those looking to travel comfortably and … Continue Reading
Law firms rely on clients for revenue, but acquiring and retaining them is a major challenge. In this article, we provide straightforward strategies to enhance the client experience, attract more prospects, and boost referrals.… Continue Reading
In the ever-evolving world of law, adaptation is the name of the game. One way to do this is by embracing entrepreneurship. Let’s explore why lawyers in small law firms should consider wearing their entrepreneurial hats:… Continue Reading
