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The practice management platform Rocket Matter, whose launch in 2009 alongside Clio helped usher in a new generation of cloud practice management platforms, has been acquired by a private equity firm. It will become part of a new company, ProfitSolv, that will focus on billing, payments and software for professional services firms. The new company was formed by Lightyear Capital LLC, a New York privacy equity firm focused on financial services, as the lead investor, with a significant minority stake held by Greater Sum Ventures. Two other companies have also been acquired and made part of the new company,…
Last Friday, Ruth Bader Ginsburg died at the age of 87. Ginsburg, affectionately known as RBG, was a trailblazing jurist who spent her career fighting for equal justice for women and other marginalized communities. She occupied the roles of U.S. Supreme Court justice, gender equality pioneer, and pop culture icon with decorum and humility, striving to use her position of power to benefit those less fortunate. She once said: “I tell law students … if you are going to be a lawyer and just practice your profession, you have a skill — very much like a plumber. But if you…
When the COVID-19 pandemic took hold in March, I thought we would be working from home for a couple of weeks to help flatten the curve. As Executive Director of the Commission on Professionalism, I didn’t make any long-term plans for my staff to work remotely for months on end. Nor did I consider how I would maintain our corporate culture while my team was working across the state and beyond. Then, reality sank in: we are in this for the long haul. Employees across industries are learning new skills and applying innovative tools to help them adjust to working…
From : Blog Entry>>Michael’s Blog EntryIn the New Normal a law firm needs a digital mailroom, not an ad hoc scan-to-email workaround.  A digital mailroom built for a law firm needs to be integrated with the firm’s document management system (DMS) so that postal mail can be digitized and seamlessly delivered within the safe confines of the DMS. When the pandemic sent the workforce to home offices, most law firms quickly starting scanning to email to get the mail out. Facilities management or available clerical staff went into the office [More]
In this episode of Reimagining Law, we talk to Ken Koehn, Chief Financial Officer at Gould & Ratner LLP and President of the Chicago Chapter of the Association of Legal Administrators (ALA). Ken discusses how law firms can maintain their corporate culture during COVID-19, why strong leadership is more important than ever, and how firms can nurture success in their attorneys. Timestamps  1:04 – How has the virtual work environment impacted the team culture at Gould & Ratner and law firms across the nation? 2:03 – Now that most employees are virtual, how can firms continue to connect with their…
In many ways, managing your law practice is a lot like playing a game of Tetris. When you zoom out and consider the big picture, you can easily see that your law practice is composed of a bunch of different components. At one level you have your operations component, and also a marketing component. But there are financial components (time & billing, accounting, payroll). And staffing, file management, etc. As you zoom in you see smaller components like the invoices you send out and the template you use to do that. Or you have a process for processing incoming mail…
Though the debate of whether or not law firms should embrace legal technology continues, the pandemic has brought to light the advantages of document automation.  Since mid-March, the COVID-19 pandemic has fundamentally altered the way law firms operate. While some firms were forced to adapt on the fly as they spent weeks setting up a viable virtual office, other firms were well-suited to handle the situation as they already had the necessary digital infrastructure in place. As law firms continue to adapt to the current climate, legal professionals are increasingly seeing the benefit of utilizing legal technology — and, in…
The web has transitioned in the past decade from somewhat to secure to much more secure. That is reflected in how many sites now support secure connections (https in your browser location bar). You could see the change as web searches like Google started to use SSL as a ranking signal. One of the big factors was the creation of Let’s Encrypt, a free certificate option that eliminates most of the friction in acquiring SSL for a web site. But not all the friction, as I was recently reminded. This post is as much a reminder for me…
If you have not yet checked out LawSitesResources.com, it is a frequently changing collection of white papers, e-books and other resources, all available at no cost. The page currently lists 20 different resources, covering topics that range from CCPA compliance to data privacy to the law firm of tomorrow. This week’s featured resource is a free report, How Parenting Plans Are Being Modified During COVID. Written for family lawyers and family law professionals, the report focuses on COVID-19’s impact on child custody situations and the difficulties of learning how to co-parent during a pandemic. In particular, the report…
No matter what happens during this economic, political, health, and social crisis, Olga Mack reminds us that our skills are ours to keep. Olga is the CEO of Parley Pro, and brings her wisdom to the podcast on what lawyers and other legal professionals need to do to take care of themselves and thrive through the good times and the bad. Olga is the CEO of Parley Pro, a company that developed an innovative contract lifecycle management (CLM) tool, but she is so much more than that. A prolific speaker, a thought leader in the legal industry, a litigator,…
I am being interviewed by one of my favorite bloggers, Bob Ambrogi of LawSites about what else? — Blogging, If you have ever wondered how bloggers get started and keep going – join us for what is sure to be a lively discussion. Live Interview, This Week in Legal Blogging, September 24, 2020, 12 Noon (pacific), 3 PM Ieastern).The show will run on Facebook LiveTwitter and LinkedIn Live on Thursday at Noon PDT but, if you can’t catch it live, we’ll have the full video and selected answer on LexBlog.…
I’m a reader. Given the choice on a web page of reading the content or watching a video, I’m normally heading for the text. (How-to Videos are certainly the exception to this rule.) An increasing number of consumers prefer videos as the preferred method to receive new information. There are certainly generational differences at play here. Lawyers may believe a twenty-page brief has to be better than a ten-page brief. But for many, the belief is that shorter reading material is superior to lengthier treatments. So the lessons for law firm websites include having more videos and tightening the text…
Some iPhone users can’t wait to see what the new iOS update will bring. Others don’t like the changes come to their phones with software updates. I know one lawyer who refuses to let automatic updates install because “the last thing I want first thing in the morning is to learn my phone changed overnight.” But iOS14 is worth the effort. Just look at the graphic of how you can improve your home screen to show your next two scheduled events by using the improved widgets on the home screen. Doesn’t every lawyer want to do this? The Verge calls…
Our Legaltech Week journalists’ roundtable is on again this Friday, as it is most Friday, to discuss and dissect the top news stories of the last two weeks. However, we will start an hour earlier this week, at 2 p.m. Eastern time. Join us Friday, Sept. 15, at 2 p.m. ET. It’s on Zoom and all free, but registration is required. Register once and you’re registered for every subsequent week. All prior episodes are also available, both as a podcast and on YouTube. The panel changes from week to week, but usually includes: Nicole Black, legal technology…