The working environment has drastically changed over the years, and the pandemic has played a huge role in this. Businesses all over the world has changed the way they used to work and adapted to the newer ways of working, and law firms are no exception. In this dynamic business world, one must strategize financial management. Financial health is a vital part of law firm growth. To have the resources sufficient and working in your favor, you need to carefully allocate the budget to every need of your law firm. If all of this is going over your head, don’t…
Author: Ankita Singh
Marketing has a great influence on law firms’ growth, it’s no wonder that marketing your law firm holds weightage in your growth strategy. Marketing is something that is often overlooked and considered an expense and time taking effort. In such situations, big law firms come to an advantage as they can budget quite a big amount for their marketing. Small law firms have countless financial obligations and are unable to grasp the advantage of marketing due to budget constraints. For effective marketing you need to have effective strategies that work for you, it doesn’t always mean that marketing your law…
Today, when the economy is fully taken over by the pandemic, the way to find payment plans and methods is a new search for many law firms. According to an estimate, over 1.31 billion people would prefer mobile payment mechanisms over cash payments in the year 2023. With the growing trend of online payments, the need for law firms to shift towards automated payment methods is the best way to attract potential clients worldwide. Improvements and modifications are always the keys to reaching success and growth. Everyone fears change, and so do law firms. It’s not easy to automate payment…
Does fund management serve a chief aspect in your law firm?
Your clients pay for various heads which may include fines, court fees, case fees, etc. Continue Reading IOLTA Accounting – A Lawyer’s Gesture to Charity