Latest from LSW Blog - Page 2

For any business, reputation is everything. And it very much depends upon how well you stay in compliance with contracts. Your business is more likely at risk of getting its reputation hampered if you miss contractual obligations. If you are running a growing company, you would know the value of repeated business opportunities as they help you meet your business objectives. Failing to complete a business contract is a sign of poor contract management, which…
For any business, reputation is everything. And it very much depends upon how well you stay in compliance with contracts. Your business is more likely at risk of getting its reputation hampered if you miss contractual obligations. If you are running a growing company, you would know the value of repeated business opportunities as they help you meet your business objectives. Failing to complete a business contract is a sign of poor contract management, which…
If there is one thing that holds enormous importance in this digital world is nothing but data. Today, almost every firm has gone digital, and so has gone data of its clients. When it comes to the law firms, the significance of data held by them is a lot since it can directly impact the judgment of a case. According to the California Consumer Privacy Act (“CCPA”), from Jan 1, 2020, California became the first…
If there is one thing that holds enormous importance in this digital world is nothing but data. Today, almost every firm has gone digital, and so has gone data of its clients. When it comes to the law firms, the significance of data held by them is a lot since it can directly impact the judgment of a case. According to the California Consumer Privacy Act (“CCPA”), from Jan 1, 2020, California became the first…
The world is driven by change and innovation. This is the reason individuals and businesses are trying hard to come up with new business models, effective strategies, and inventions that can help streamline internal processes and aid business growth. If something good is created by someone, others try and copy the same. However, this is like taking the rewards of someone who has invested a lot of effort and time in coming up with an…
A case management system plays a vital role in the legal industry as it helps to integrate all the crucial information that is relevant to a particular case. It provides a well-structured overview of the general information of a case, lawyers assigned to it, email communications, deadlines, and much more. The advent of this system has drastically changed the traditional approach of law firms and has made the processes paperless and easy to manage. This…
Similar to any other enterprise, law firms can reap numerous benefits from SWOT analysis as a law firm’s growth heavily depends upon its productivity, profitability, and reputation in the legal sector. SWOT is an abbreviation for Strengths, Weaknesses, Opportunities, and Threats. A thorough SWOT analysis examines internal and extremal factors that can affect the firm’s capabilities to attract and retain clients, and the potentials to run progressively toward growth. What is SWOT Analysis? A SWOT…
It takes a lot of precision and expertise to draft a contract that both the parties are happy with. In contracts, every detail and every word matters; hence, it becomes imperative to avoid mistakes during contract drafting. To provide contract drafting services, thorough understanding and trawling through all the significant details is the key! Lawyers strive to achieve the same by their undivided attention and diligence. Tips by Lawyers to keep in Mind during…