Posts

Bailout: Are Accounts Receivable Sinking Your Profitability?

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Lots of small and solo  law firms  have  staggering  amounts of accounts receivable; and, even if those numbers are not sky high , for you  – smaller amounts are still vexing .   Accounts receivable end up counting against your  profitability, because  these reduce the amount of gross revenue you collect = the top line for your profit margin .   So, the more you collect :  the more you make.   But,  what if you have existing accounts receivable ?   Do you just write them off, entirely ?   Now, while it rarely makes sense to sue your clients for unpaid legal bills – there are a whole host of things you can do short of that, which may help you to recoup (at least, some) of your billing .   And, as with most things related to business management, it starts with a  process – that you  likely don’t  have now .   So, the very first thing you can do is  followup ...

Duly Noted: Transcription Apps Can Save You Note-Taking Time

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With so many meetings now taking place online, via web conferencing tools – your notetaking responsibilities may have just gotten a whole lot easier.   Yes, lots of attorneys take meeting notes – whether  they’re  talking with  leads, clients, other  attorneys  or referral sources .   It’s   kind of a  thing .   Maybe it  stems from law school outline-making . . . or,  maybe  it’s  just ingrained into an attorney’s psyche .   But, while note-taking is something that lawyers feel compelled to do,  it’s  not often easy .   Maybe you   can’t  read your handwriting .   Maybe it  takes you even more time to  consolidate  what  you’ve  done, after  you’ve   already taken a boatload of notes .   Maybe you  just never want to hold a pen  again, and  are laser-focused on using automation tools to improve your...

New Jack City: Authenticator Apps Are a More Secure Form of Two-Factor Authentication

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If you just have passwords for your technology application s , without any  additional  factors of authentication,  it’s   probably  past   time to  start looking a t  solutions in that space, to better secure your confidential data .   Now, while there are  different  authentication factors that exist (from  biometric indicators , like a fingerprint or voice recognition) to 4-digit to 6-digit codes  ( that  come via your email or smartphone, as secondary access protocols) – the  primary option that many folks utilize for business  softwares  is th at   numeric  code option.  However, savvy  business  owners  ha ve  already moved beyond th at option .   And,  I guess you could view that as good or  bad news ,  depending – because it may mean that you can skip a step   😊 .     Now, the reason that this traditional method of ...