If you track your daily time and bill by the hour, you know how hard it is to make sure that you don’t miss any billable time. Actionstep, which is already the most robust SaaS legal practice management system, recently added a feature it calls “Suggestions” to help make sure that no work goes unbilled. [Read more…]
Archives for April 2015
No one would debate that a law firm needs to use word processing programs. Consumer bankruptcy law firms would find it extremely difficult, if not impossible, to file petitions without document assembly programs. And, some type of time, billing and accounting software is mandatory for almost all law firms. Yet, legal practice management software (LPMS), which has been one of the most discussed, debated and reviewed legal software genres for the past decade, has just recently reached the threshold of being adopted by half of all firms. This low penetration rate is surprising in that LPMS arguably has more day-to-day impact and, after being used for a time, also provides functionality that no law firm would want to be without. [Read more…]
OTB has implemented LPMS for the past 2 decades. I’ve used some form or fashion of practice management software for the past 3 decades. This series of posts will draw on our vast experience and expertise in this area to help you determine whether LPMS is something that you need to invest in to drive efficiency and profitability in your law practice or business.
Having met with hundreds of law firms that were considering the implementation of Legal Practice Management Software (LPMS), we’ve seen our fair share of lawyers and law firms who view the cost of LPMS solely as an expense, failing to understand that it is an investment with a real return that will far exceed its costs. Let’s start with the cost.
When looking at the cost of a LPMS, there are two high level components: licensing and implementation. [Read more…]