Law firms that have multiple databases often must cope with daily uncertainty and stress. It is risky having your information stored in various systems and spending hours trying to locate that important document. You carry the cost yourself. Most likely, you will charge your client for your inefficacy, or you will charge another client too much to compensate for losses due to poor management. Find out how your law firm can achieve success with one database of information, or as we like to call it one version of the truth.
Imagine the improvement in your work life if you and everyone who works in your firm knew for certain that every document relating to a matter was safely stored in a chronological, sortable, and searchable sequence to find and use. Think of the benefits if everyone in your firm had identical access to every one of those electronic files always, in and out of the office. If you do not have a solid document management system in place, you may be giving your competitors a head start.
Whether you time record, do fixed fee work, value bill or a combination of these what is important is that you always record. Guess work a day or week or month later will see you sell yourself short. You have professional obligations to do so, but more importantly you owe it to your clients and yourself to make accurate records. Discover how your firm can profit with a disciplined time recording system.
Opportunities are often lost if your clients cannot access a simple system to pay you. Law firms should not be wasting time on administrative processes for clients’ payments. Instead, your practice should have a program in place that allows your clients to pay you quickly and with ease. It’s time to get a system that has fewer clicks from the bill to the payment portal, so you can get paid faster.