Block billing is a billing practice where attorneys group multiple tasks into a single time entry instead of separately detailing each task. It can lead to confusion and client disputes over charges, as it lacks the transparency that detailed billing
Despite their practice area, size, or location, all law firms have one thing in common—they want less non-billable work. The Thomson Reuters’ 2023 State of U.S. Small Law Firms Report revealed that spending too much time on administrative tasks is
There’s more to making money than simply earning it. After all, it doesn’t matter how many hours you work if you can’t properly track and bill for them. That’s why streamlined, effective legal billing systems are essential for law firms.
For over 23 years, Gonzalez & Morales Law Offices LLC has provided legal counsel on civil law matters ranging from wills and probates to collections. Located in Humacao, Puerto Rico, Jose Gonzalez Rivera, managing partner of Gonzalez & Morales, and
The legal industry continues to evolve each year. With generative AI settling into the legal tech space, law firms adopting more technology, and client expectations shifting, it can be tough to keep up with the latest changes.
Understanding the state
Key takeaway: Legal document automation software is a tool that creates smart, customizable templates for common legal files and forms. Law firms can use this software to quickly generate and share documents with clients—eliminating issues with human error, versioning, and
Key takeaway: Law firm accounts receivable is the money clients owe after a law firm delivers legal services. The process can be as simple as executing the work, sending the bill, and receiving payment. However, some law firms struggle to
Key takeaway: Law firm accounting is a process that involves meticulous recordkeeping to comply with regulations set out by local jurisdictions and the American Bar Association (ABA). Detailed information is crucial to reaching your law firm’s financial goals and maintaining
Key Takeaway: An Interest on Lawyer Trust Accounts (IOLTA) account is a trust account that sends earned interest to local Bar Associations. Interest funds are used for charitable causes like pro bono legal work.
Whether you’re new to managing trust
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