Introduction

Keeping up with the latest developments in legal technology is essential for law firms that want to prosper in the twenty-first century. FirmTRAK recently had the honor of taking part in the annual ISBA (Illinois State Bar Association) Conference, which offered a remarkable opportunity to network with legal professionals, showcase our cutting-edge solutions, gain…

A company’s financial health can be assessed using financial statements, which are crucial tools. In-depth discussion of the significance of firmTRAK’s monthly standard financial statements and how they may provide useful information that enables businesses to make wise decisions will be provided in this blog post.
Understanding Monthly Standard Financial Statements
The value of monthly…

Introduction:
Effective communication and transparency are critical to success in today’s fast-paced corporate environment. Businesses need to give these factors top priority if they want to stand out in the crowded market. This blog article will examine how firmTRAK distinguishes itself from its rivals by emphasizing communication, openness, and client collaboration. As a result, they…

Introduction:
Any legal firm’s success depends on effectively monitoring key performance indicators (KPIs) and bookkeeping. In this blog article, we’ll look at how firmTRAK’s specialized reporting and bookkeeping services can help small to mid-sized legal firms streamline their business processes.
Effective Reporting and Bookkeeping for Law Firms: A Critical Process
For legal businesses, accurate financial…

Scaling up is a critical step for small businesses wanting to succeed over the long term in today’s fast-paced business environment. However, managing expansion can be difficult because it calls for thoughtful planning, effective procedures, and accurate data insights. Fortunately, firmTRAK is a potent instrument that may assist you in overcoming these obstacles and advancing…

It might be difficult to keep track of all the matters and deadlines in the fast-paced legal environment of today. Matter Tracker is a ground-breaking solution created by firmTRAK to meet the unique requirements of small and midsize law firms. firmTRAK strives to close the gap between smaller firms and their larger counterparts by offering…

In today’s fast-paced world, setting and achieving goals has become crucial for both personal and professional success. Whether you’re an individual attempting to boost your productivity or a team aiming to thrive, effective goal design and tracking are crucial for ensuring progress and reaching results. We now have powerful tools like firmTRAK available to us…

Productivity dominates in today’s fast-paced commercial landscape. Organizations that can increase productivity and improve workflow are at a significant advantage. Enter firmTRAK, a remarkable software program created to boost output and transform your business. We will explore helpful tactics in this blog post that will enable you to get the most out of firmTRAK and…

Growth should always be a priority for anyone managing a law company. Expanding your business is a terrific method to boost revenue, reach new customers, and provide current customers more value. However, with so many law firms vying for clients, expansion can be more difficult than it sounds. Three suggestions for growing your legal practice…

As the legal industry continues to evolve, law firms are under increasing pressure to optimize their operations and improve productivity. One way to achieve this is through the use of automation. By automating certain tasks and processes, law firms can reduce manual labor, increase efficiency, and ultimately deliver better value to clients.
Here are some…

If your law business is small, you might not have much money to spend on marketing. To expand your company and draw in new customers, you must have a strong marketing strategy. We’ll go through some advice for setting up a marketing budget in small law firms in this article.

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As an attorney in Illinois, it’s important to stay up-to-date with changes to the rules of professional conduct. Recently, the Illinois Supreme Court has made significant updates to their rules, including the codification of three types of retainers, revamped language in rule 1.15 regarding safekeeping property, and the addition of a new section titled “New…

Improving the Law Firm AR Cycle
Record of days sales outstanding (DSO) is one of the key performance indicators (KPIs) for determining law firm liquidity. Reporting of DSO rates for a firm’s sales cycle assists in determining the timeframe until outstanding client accounts are paid. By dividing the total of accounts receivables for a period…