Legal industry is a field that doesn’t welcome lawyers on easy terms. Unlike all other businesses, a legal professional faces constant burnout. Research has found that nearly two-thirds of legal professionals have experienced burnout as a result of their work. Reports also suggested even before covid pandemic lawyers faced difficulties in adapting to tech to jumpstart their efficiency.Moreover, the last few years of the Covid pandemic introduced new challenges too. Last few years have also made the industry stronger and left the legal industry with lessons. Precious lessons about the importance of efficiency and productivity for law firms. All businesses…
Author: Ankita Singh
It’s you v/s the legal industry! Clients, competition, budgeting, and growing your legal practice, all come on your plate. According to multiple reports; “Overall, 32% of solo respondents from that report said that“no one” is responsible for marketing in their firms.” ABA’s 2020 tech report stated, that less than half of law firms of all sizes have a marketing budget, and only 14% of solo respondents say their firms have marketing budgets, as compared with 63% from firms of 10-49 lawyers. Solo law practitioners face new obstacles in everyday tasks. Moreover, to work in a dynamic environment it’s vital to…
The Internet is flooded with a new AI buzz, we all know where this is pointing out. ChatGPT – newest member of the AI family disrupting every industry from education to law. With its capabilities on the table the question that legal industry professionals are asking is; can ChatGPT replace lawyers? Well, after detailed research by our team, we built a whole set of analysis with ChatGPT’s capabilities, impact on the legal industry, and how it’s going to disrupt the legal industry in coming years. ChatGPT is an OpenAI production company that develops highly autonomous systems that can replace humans…
It’s often said that on average a lawyer handles somewhere around 25-30 cases annually. Whether these cases are outsourced to paralegals or handled by an in-house team to manage this much workload and cases. A law firm needs a rigorous workflow process and tech to support its practice. 2021 was a year where legal tech upsurge to towering heights with edgy competition. To gain and serve high-paying clients in a better way, attorneys have to adapt to newer tech and techniques. However, with all the information revolving around, it’s hard to identify which one goes best for you. In this…
The legal industry in the US holds a market share of $397 Billion approximately. Such a huge number shows that the legal industry is rushing to higher advancements and edgy competition. To gain a market fit, attorneys and law firms are stepping towards a technological approach to upgrade workflow efficiency. Back in 2021, the global legal tech market held a value of approximately 18.4 Billion USD which is estimated to raise up to 400 Billion USD by 2025. Lawyers have always faced barriers adopting new technologies. Reports also suggest that, even before the Covid pandemic, law firms were having difficulties…
According to a Gartner, report lawyers spend as much as 20% of their time in collecting and assembling documents. Managing and assembling piles of paperwork is a daunting task. Document management is one of the many challenges lawyers face in the legal industry. Yet, the bigger question is why do lawyers face challenges in document management practices? After doing detailed research we came down to three main reasons; 1. Not being tech savvy 2. Lack of automation 3. Not enough bandwidth of knowledge A complicated document management process can create barriers in collaboration, effective sharing, and management. To understand how…
Attorneys in the US work over 60 hours a week, claiming the award to be the best hustler in the legal industry. Aiming to provide their clients with the best service and solutions, lawyers often step out of the box. In all the hustle, most of the time the crucial parts are ignored or not planned and prepared for. Wondering what makes financial planning for lawyers so important? While managing a law firm lawyers often face challenges in the financial planning process. In our blog today, we will help our readers get a better understanding of financial planning for lawyers…
The end of the year is always a busy time for law firms. On top of preparing annual budgets, coordinating department reviews, and planning end-of-year holiday parties, many law practices also have to contend with an increased workload in the final month or two of the calendar year. In fact, accounting for your law firm can often feel like one big never-ending cycle – lots of tracking and updating and revising and rechecking until every last detail is just so. And don’t even get us started on what happens when you start thinking about all that paperwork you need to…
Whenever you send a follow-up email to your customers and prospects, it’s important to make sure that the message is received with enthusiasm. The more positive the email, the greater chance that the recipient will return and lay down an opportunity to do business with you. Unfortunately, many businesses overlook the importance of making sure that their messages are received by their targets efficiently. This can lead to a lack of response or even abandonment of further efforts. In this article, you will learn how to create an effective follow-up email that will increase your chances of converting your leads…
A chatbot is an application that aids or replaces in-person client communication by using either a rule-based system or artificial intelligence. Legal chatbots are an excellent tool for law firms to maximize efficiency and customer satisfaction. Increasing your overall efficiency in the legal industry is key to becoming a data-driven lawyer. You can save time and create strong client relationships by incorporating new technology and communications practices. What is a Legal Chatbot? A legal chatbot is an application that helps manage client communication tasks on law firm websites and social media pages. Chatbots can help offset client management tasks and…