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Archives for March 2015

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Why Does a Firm Need Legal Practice Management Software?

Website Slider shutterstock_177305249-croppedHaving defined what comprises good legal practice management software, why does a law firm need it? As with any decision a law firm makes when investing its limited resources, the firm should compare the total cost associated with the system against the economic return that the system brings the firm. If the return is greater than the cost, then it makes sense to invest in the system. With this in mind, what returns can a law firm expect from the use of a LPMS?

With just over half of all law firms in the United States utilizing some type of true practice management system (meaning a system other than Outlook or cobbled together applications acting as a LPMS), there must be a reason why law firms make this type of investment. The common advantages and returns of any type of LPMS are:

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Twitlistmanager – must have utility for Twitter lists

twitlistbird_400x400One of the problems with following a lot of people on Twitter is that your tweet stream gets so active that there really is no way to follow it. Even with a tool like HootSuite that let’s you slice and dice your stream, it helps to have the people you are following designated in lists. I, for example, have four lists:

  • Personal – this is used mostly to track my kids’ Twitter use, but also to get notifications for kids sports, weather, school district news, etc.
  • Law – this list is for lawyers, legal software consultants, legal software companies and the like.
  • Tech stuff – for general technical information like Twitlistmanager, TechCrunch, Gizmodo, CNET, pcworld, PCMag, etc.
  • Dawgs – this is for all the sports information about my beloved UGa Bulldogs.

Creating lists is easy, but what a pain it is to make sure that everyone you are following is assigned to the appropriate list. In Twitter, you have to click on the gear icon, then on the Add list option, then select the list, and then Save. Totally unmanageable.

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NetDocuments 15.1 Update Notes

nd_logo1NetDocuments released its 15.1 update in early February 2015. Go here for the full NetDocuments 15.1 Update Notes.

There were a number of significant enhancements in 15.1:

Advanced Search Redesigned

The Advanced Search module was redesigned and streamlined. The UI has been tightened considerably, making it an easier component to work with. Also, less used fields can be hidden, so as to simplify the searching process. When tabbing from field to field, lookup buttons are skipped and can be accessed by a more universal F2 function key. See the video below or the Advanced Search Help for more information.

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What is Legal Practice Management Software?

lpms-word-cloudLegal Practice Management Software (LPMS) accumulates and aggregates all the relevant information about a case or matter – litigation or transaction – so that it can be easily accessed and used by lawyers and their staff. It is, in essence, an electronic case/matter file. While there is no set rule, basic practice management programs have four primary components: calendaring, task management, people management, and case/matter management.
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What’s Up (or Down) with Bankruptcy Filings?

Down-Graph-Red-ArrowThe newest data indicate that bankruptcy filings continue to decline. Bob Lawless over at Credit Slips reports that the February 2015 filing data show a 10.1% year-over-year decline. This is the 52nd straight month of year over year decline.

If we are looking for a silver lining from the consumer bankruptcy attorney perspective (with which we are obviously aligned), the data charted in the blog post clearly show that the decline has flattened out considerably from the steep 2008 – 2011 decline. Coupled with the departure from the practice area of a substantial number of the attorneys who jumped into consumer bankruptcy around 2008 – 2009, established bankruptcy attorneys have reason to be cautiously optimistic that this trend has bottomed out. I always find it a little uncomfortable to hope that more people will have to file bankruptcy, but based on general economic data and news, as well as the filing data, it would seem that that filings will continue to flatten out with an eventual increase – it’s just a matter of when.

Not all the news is bad, unless you practice in Alaska. While the general filing trend is flattening out, it really depends on where you are located. In another post and in the comments, Bob Lawless and Credit Slips readers discuss the trends for each district. The deep south, good. Alaska, not so much.

Having reviewed this graph with our BKexpress clients in mind, I think one should dig a little deeper into this graph before taking it as good or bad news. For example, Nevada appears as a red state meaning that the per capita filing is high. Yet, the District of Nevada has suffered a wild roller coaster ride with one of the most precipitous declines in bankruptcy filings going from 11,000 filings in 2007, to 30,000 in 2010, 17,000 in 2012, and then dropping to 9,000 in 2014.

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