How a Legal Practice Management Solution Can Save Your Firm
“The leading rule for the lawyer … is diligence. Leave nothing for tomorrow which can be done today. Never let your correspondence fall behind. Whatever piece of business you have in hand, before stopping, do all the labor pertaining to it which can then be done.” -Abraham Lincoln
The American Bar Association’s Legal Technology Resource Center defines Legal Practice Management as a system that provides attorneys with a convenient method of effectively managing client and case information, including contacts, calendaring, documents, and other specifics, while preventing having to enter duplicate data in conjunction with billing and other services. LPM is the hub in which the information storage and retrieval, and a firm’s finances are tracked and billed.
Today’s law firms are drastically different from those of the past. Technologies ranging from cloud-based software services to today’s bevy of mobile devices are allowing more and more lawyers to better manage their legal practices, the business of their practice, and their lives.
Legal Practice Management is often accomplished by using services that facilitate automation in law practices. These services share information with other members of the firm and remove errors by keeping everyone organized. Repetitive tasks and schedule reminders can also be programmed into these services to remove the need to burden a lawyer with non-billable work and having to remember every upcoming meeting.
LPM not only keeps lawyers and law firms organized, but it also tracks time on behalf of the lawyer. Rather than entering time every six minutes, a lawyer can use an LPM solution to track their time, apply the right billing rates and description, and even store notes about the work being done.
In a modern, fast-paced age where efficiency is currency and every billable moment counts, most firms will be able to benefit from some form of LPM; a unified and centralized interface where firm members can share information, matters, precedents, documents, and billing details. The days of index cards, file folders, and big clunky calendars have gone the way of the abacus. Useful tools in their day, but not the most efficient or most modern. This is the era of the smartphone, the tablet, and the laptop. Of wifi and the cloud. And legal practice management solutions live and thrive in this era. So too do the lawyers that use them in their daily practice.
Ultimately, legal practice management solutions do exactly what the name suggests: they offer innovative, intuitive, and ideal solutions for managing your law practice. They’re a time saver. A convenience. A competitive advantage. And an all-around great system for making sure that your practice not only runs well, but runs better.
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