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How The Legal Industry Needs To Change

Covid-19 has hit law firms especially hard. The face-to-face nature of a lot of legal work and in-person courts have ensured that legal settings are breeding grounds for the virus. Quarantines and business slowdowns have ensured that firms are suffering a significant reduction in both clients walking through the door and in the ability to conduct litigation and legal work.

If there’s any silver lining for the legal industry during this outbreak, we hope that it includes an increased realization amongst the members of the legal community that some things need to change. What do we think is most in need of transformation? Continue reading below to find out.

Live Courts

For most kinds of legal matters, litigation is almost always conducted in-person. And this makes sense, for the most part. Litigation is a high-stakes game dealing with sensitive subjects. It’s only fair that a defendant is able to see the witnesses arrayed against him or for a plaintiff to be in the same room with the defendant.

But there are undoubtedly ways to decrease the amount of in-person contact between the parties to a court proceeding. Some simple court proceedings, like routine criminal court matters (bail hearings, for example) could be conducted by videoconference at a fraction of the cost.

While complex trials likely won’t be going virtual any time soon, things like depositions could very well occur online. The presumption towards in-person hearings should shift in favor of a presumption for virtual presence.

Lawyer Culture

Legal culture is extraordinarily conservative. It’s not unusual to hear lawyers bemoan the advent of computer technology and brag about their ineptitude with technology. This is unfortunate. A culture that clings to the past forfeits the future.

A culture shift is required amongst lawyers, especially the more established ones, to allow for new and more technological ways of doing business. Whether that’s an openness to storing documents in secure clouds, conducting virtual meetings, allowing for documents to be e-signed, or encouraging support staff to work from home, there are countless ways that lawyers could encourage innovation in the legal workplace.

Lack of Preparedness

Because lawyers and law firms are usually so busy, many of them do very little strategic planning for the future. As a result, disaster mitigation strategies for a lot of firms simply don’t exist or are woefully inadequate.

We hope that one of the consequences of the current crisis is a renewed focus by lawyers and firms on the importance of planning and strategy. Just as important as meeting the day-to-day needs of their clients, proper plans guide the future of a firm and prepare it for success.

Final Thoughts

Covid-19 has suddenly created a new and unpleasant reality. Our hearts go out to everyone affected. We hope, however, that some good will come of this crisis. We hope that the legal industry will learn the lessons of the outbreak and put them to good use so that we’re better prepared for the next disruptive event.

The Benefits of Law Firm Budgeting

The Benefits of Law Firm Budgeting

Planning in financial matters usually takes the form of budgeting. And while it’s a simple process, it’s amazing how many businesses, especially law firms, don’t do it. Not having a budget means you don’t have even a rough sketch of what your year will look like financially. It’s akin to taking a walk around town during rush hour with a blindfold on.

You may have a few questions. What are the benefits of budgeting in your small firm? What do you get out of it? And is it really worth it in a firm as small as mine? Continue reading below to find out some of the benefits of budgeting. We’re pretty convinced you’ll be persuaded that budgeting is a must, no matter the size of the firm.

What Bookkeepers Don’t Do

What Bookkeepers Don’t Do

Good bookkeepers can seem like wizards or sorcerers. They take chaos and conjure a complete set of books, seemingly out of thin air. And on many occasions, they can be as useful as any master of the mystical arts.

But bookkeepers shouldn’t be imbued with omnipotence because there are definitely things they cannot, either for professional or practical reasons, do for you.

3 Habits Not to Fall Into With Your Bookkeeper

3 Habits Not to Fall Into With Your Bookkeeper

Lawyers first considering whether they should hire a bookkeeper may be wondering if there are any practices they should avoid. Those who’ve had a bookkeeper for some time may have fallen into some bad habits. Whatever your situation is, this article is all about those things that you shouldn’t do when you’re dealing with your bookkeeper.