Daily Dispatch


Nothing But the Ruth!

Flat Fee or Hourly? Pros and Cons of Billing Options

Nothing But the Ruth

I’ve been practicing law for nearly seven years, both as a solo and with a firm. During this time, I’ve tried different billing arrangements with varying degrees of success and learned plenty of lessons (often about what not to do). Here is my take on the pros and cons of various billing options I’ve used.Read The Rest

Your Personal Finances

Boosting the Value of Your Law Practice

Want to sell your law practice? Assuming your state allows for it (most do), you probably want to maximize your firm’s value and ensure you bring on a competent successor. As a solo or partner in a smaller firm, your law practice might be a substantial component of your retirement plan, making its value even more important.

While there are many factors that will influence the selling price, these five will get you started in evaluating — and increasing — your practice’s value. Read The Rest


Struggle for Work-Life Balance, Part 4

Systems and Procedures: Making Your Practice Work Well — Consistently

How many times have you tried to program a new piece of technology — for instance, a new smart TV —  without the manual? How’d that go? How many times has a team member forgotten a task or step in a matter? How often have you done the same?

In “Why Lawyers Really Struggle with Work-Life Balance,” I gave six steps to building a practice that runs smoothly and allows you to have a life. In this post, we’ll discuss the third step: building better systems and procedures.Read The Rest


THOMSON REUTERS PRODUCT SPOTLIGHT

It Takes More than a Scanner: What Small Law Firms Must Know to Successfully Go Paperless

Documents flying off computer screen Paperless Law office

According to the International Legal Technology Association, almost half of all legal purchases of imaging, scanning or optical character recognition is made by small law firms.* If you’re among them, congratulate yourself for making a smart investment in paperless technology, considering that increasingly: Clients prefer the speed and ease…Read The Rest


The Friday Five

Five Things Law Firms Need to Know About Voice Search

voice search microphone

According to the projections in a VoiceLabs report, about 33 million voice-first devices were in circulation at the start of the year. By voice-first, we mean devices like the Amazon Echo and Google Home that sit on your counter and only interact with voice commands. This report doesn’t even count the hundreds of millions of mobile phones, tablets and convertible PCs that have Siri, Hey Google or Cortana built in.

With all the voice search options in consumers’ hands, here are five things law firms need to know about voice search.Read The Rest


THOMSON REUTERS PRODUCT SPOTLIGHT

How to Make the Smartest Legal Technology Investment

Lawyers using smart legal technology

An Essential Guide to Select the Right Law Practice Management Software for Your Firm We’ve all heard that lawyers are risk averse when it comes to technology. And it could be easy to draw that conclusion from the most recent ABA legal technology survey report, which reveals that the…Read The Rest


THOMSON REUTERS PRODUCT SPOTLIGHT

Want to Quickly Build an Impressive Reputation in the Courtroom? Write Impressive Briefs

Business person writing a courtroom Brief

As a judge reviews your brief, they’re evaluating your argument and your professionalism. Consider the words of the Hon. Raymond M. Kethledge, a U.S. Court of Appeals judge, in an article he wrote for the ABA.(1) “When I read a brief, the first thing I’m judging is the person…Read The Rest