Resources
Blog
Pinpointing Your Law Firm’s 3 Biggest Time Wasters (and How to Solve Them)
It’s no secret that time is money, especially for law firms. It’s a constant challenge to balance practice management with revenue generation. Even if you believe that technology reduces the inefficiencies that rob profitability, it can be overwhelming to know where to start. Start with the top three law firm time (and
Shivani Kulkarni
Customer Success and Marketing Manager, LawKPIs · September 3, 2021
Effective Budgeting Strategies for Law Firms
Small and mid-size law firms shouldn’t overlook the necessity of setting up the right budgeting and accounting strategies to organize financial information. Too often, law business owners see budgeting practice as a norm to be followed for marketing, law business development, practice
Rishikesh Sardeshmukh
Co-founder & COO, LawKPIs · August 13, 2021
How law firms can reduce write-offs
Clients facing financial pressures of their own have become more demanding of their legal counsel and hesitant to pay fees billed by the hour which can be unpredictable and opaque. Law firms have had to devise alternative methods of billing through budgeting and commoditization to add
Sachin Bakhai
Founder & CEO, LawKPIs · July 26, 2021
Impact of Big Data Analytics on Legal Industry
Introduction- The importance of big data is soaring. Each day, the profound impact of data analytics can be felt across myriad domains of digital services – courtesy endless stream of information they generate. Yet, a handful number of people actually ponders over how big data is inf
Rishikesh Sardeshmukh
Co-founder & COO, LawKPIs · June 29, 2021
Small Firm Changes with a Big ROI
Return on investment (ROI) is a performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of several different investments. ROI tries to directly measure the amount of return on a particular investment, relative to the investment’s
Rishikesh Sardeshmukh
Co-founder & COO, LawKPIs · June 7, 2021
How to deal with Late Payments
Introduction- One of the biggest challenges faced by law firms is the slow payment of invoices, with uncollected money and low realization rates putting a serious damper on a firm’s profitability and cash flow. When you peel back for the reasons for this dilemma, you often find ineff
Rishikesh Sardeshmukh
Co-founder & COO, LawKPIs · May 28, 2021
Why more and more legal firms are moving to Cloud Technology
What is the cloud technology? It is essentially a network of hosted resources that you can access through the internet. Cloud-based software runs directly from company servers, which you can access through a web browser or dedicated app. Dropbox, Facebook, Evernote, Gmail, or Amazon,
Sachin Bakhai
Founder & CEO, LawKPIs · May 17, 2021
Why Data Analytics is needed for Law Firms
Introduction- Law Firms use data to evaluate and check their marketing efforts and learn more about their customers, making use of some of the key tools available to gather and store data. Attorneys can now use data analytics to inform the cases they try for clients. With the power o
Sachin Bakhai
Founder & CEO, LawKPIs · May 5, 2021
Utilization – Expectation V/s Reality
Introduction- Legal utilization is complex for many law practitioners. As a whole, attorneys work hard to show their financial benchmarks by billable goals. For the fact that utilization becomes a differentiator for the success of the firm. Utilization rate in a very simple form can
Sachin Bakhai
Founder & CEO, LawKPIs · April 28, 2021