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Financial Management

Center For Practice Management, Financial Management, Management

Shopping for an Accounting System

Sometimes shopping can be fun. However, for many lawyers, looking for an accounting system may be as enjoyable as a root canal. Recent circumstances have pushed firms into looking for a new accounting product, and looking for a new product can be intimidating and frustrating. The good news/bad news is there are a lot of options for law firms but…

Ethics, Financial Management

New NC Ethics Opinions Related to Practice Management

Brian Oten and Peter Bolac provided their annual update on what is happening at the North Carolina State Bar during their recent Expert Series CLE.  In addition to topics such as legal deserts, changes to CLE rules, the new random audit selection process, and much more, they discussed two recently adopted ethics opinions related to billing and handling of aged…

Center For Practice Management, Cloud Computing, Financial Management, Marketing, Microsoft Office, PDF, Productivity, Research, Security, Technology

Free and Cheap Technology for Thrifty Lawyers

During the program “Weathering the Storm: Managing Your Firm Through an Economic Downturn” Erik Mazzone and Catherine Sanders Reach presented “Free and Cheap Technology for Thrifty Lawyers“.  As law practice becomes increasingly technology-oriented, law firms spend on technology has also increased to command an ever-larger share of the budget. We can’t turn back the clock and practice without all the…

Center For Practice Management, Financial Management, Management, Marketing, Productivity

Showing Value in Billing Descriptions

Have you ever had a client write down a bill? Or question an amount? Your bill is one of your most important client communications. Find ways to show the value of the work you do for clients, follow best practices for billing and send invoices that clients pay without question. You can also develop standardized descriptions for your whole firm…

Center For Practice Management, Financial Management, Management, Wellness

Feedback Loops: Performance Evaluations in Law Firms

Does your firm have employee reviews for the support team and associates? Is there a system in place to provide regular performance evaluations? Do you have a way for support staff and associates to offer feedback on supervising and managing attorneys? Without regular reviews any disciplinary actions or termination may feel baseless and personal. A regular cadence of feedback will…

Center For Practice Management, Financial Management, Management

A Recruiter’s Thoughts on Resigning Without Having a Job Lined Up

Guest Post by Rosario Canales and Nikki D Green from Ave Staffing Have you ever felt so frustrated at your current position that you have seriously considered throwing in the towel? Have you ever felt that although you don’t have a plan B to resort to, the feeling of quitting feels very tempting?  Perhaps you had a disagreement with your manager,…

Cloud Computing, Ethics, Financial Management, Security, Technology

The Cost of Not Upgrading Technology

Many law firms put off upgrading and replacing outdated software and hardware because of the cost and disruption. However, putting off purchasing replacement hardware and updating your operating systems, server software, and mission critical systems until they are outdated and insecure will cost far more eventually.  The delay in upgrades and replacements will have a cascading effect, forcing you to…

Center For Practice Management, Email Management, Financial Management, Security

Tips from the CPM ICYMI Newsletter (August – September 2021)

Every week subscribers receive the ICYMI enewsletter from the NCBA Center for Practice Management. The newsletter highlights tips, tools, trends, and techniques to help your law practice. Following are a few popular links from the past issues of the newsletter. Technology Competence for Every Lawyer (October 01, 2021) Jim Calloway points out that the comment to Rule 1.1 regarding technology competency applies…

Center For Practice Management, Ethics, Financial Management, Security, Technology

Heightened Discipline for Wire Fraud

In a recent LinkedIn post Patrick Brown, director of information security at Lawyers Mutual, noted that the Fall 2021 North Carolina State Bar Journal has an all-caps message on page 24 from the Grievance Committee stating “… that lawyers who fail to take adequate precautions to protect against wire fraud scams can expect imposition of more serious professional discipline.” Why? Despite…

Center For Practice Management, Ethics, Financial Management, Productivity

I Need Some Help! Virtual Assistance for Law Firms

Feeling a little overwhelmed? Do you need some help but not ready to hire full time or part time in your firm? Whether it is getting bills out, reviewing documents, getting the phones answered, or responding to clients there are many services for law firms that can help! Choose from contract attorneys, virtual assistants and paralegals, virtual receptionists, marketing, and…