Sun.Feb 25, 2024

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Bought & Sold: Law Firms Can Link Booking and Payment

NCBA Law Practice Management Blog

Booking initial consultations are essential for most law firms. That’s how the vast majority of lawyers vet their potential clients, and determine whether or not they are a fit for the firm. It’s also a way to test your potential client’s payment bona fides , which is why the majority of attorneys who hold initial consultation meetings, charge for those.

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Credit card debt hits a ‘staggering’ $1.13 trillion. Here’s why so many Americans are under pressure

Collection Industry News

Americans now owe a collective $1.13 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances increased by $50 billion, or roughly 5%, in the fourth quarter of 2023, the New York Fed found. Credit card delinquency rates also jumped — particularly among younger millennials, or borrowers between the ages of 30 and 39, who are burdened by high levels of student loan debt.

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Talking Back: Internal Communications Platforms Clan Clear Your Inbox Like No Other

NCBA Law Practice Management Blog

In an ideal world, your email inbox is ‘ mission critical ’. That mean it’s a collection of messages from your clients and referral sources, while you screen the remainder of the noise out, via subfolders, as well as labeling junk and phishing messages aggressively. Although, that’s not always how it goes, is it ? You know what else shows up in your inbox, that you can’t ignore – that’s right: questions and notifications from your staff and colleagues.

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Trading Up: Law Firms Can Now Have Brand Names, But Should They?

NCBA Law Practice Management Blog

Now, this wasn’t always a thing; but, as of now: law firms in any jurisdiction of the United States can utilize ‘trade names’. What that effectively means is that, so long as you don’t choose a name that’s misleading, you can select a brand name for your law. That’s kind of a big deal; because it’s difficult to convey what your offering is to potential clients, simply by naming your law firm after your and/or your partners ’ names.

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Solve Your Firms Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.