Not identifying your weaknesses
A successful law firm is bringing in the dough, plain and simple. Sometimes you seek outside assistance to boost business, but oftentimes fixing a problem lurking under the radar may be just what you need. Firm management technology allows you to easily identify your firm’s weaknesses. For instance, certain positions may not be bringing in worthwhile revenue. Centerbase is set up to easily access reports and analytics and quickly visualize data. Create custom reports and graphical representations of billing hours, revenues and invoices to provide insight into the firm’s health and productivity and eliminate or improve on problem areas.
Conflicts of interest
Loyalty and independent judgment are essential elements in a lawyer’s relationship to a client. Concurrent conflicts of interest can arise from a lawyer’s responsibilities to another client, a former client or a third person or from the lawyer’s own interests. Sometimes the conflict exists before representation is undertaken, and sometimes it doesn’t. It’s important to have reasonable procedures in place to avoid wasting time and money on a client you may ultimately have to walk away from. Lack of a proper information management is one way firms find themselves involved with a conflicting client. Ignorance is no longer an excuse. With solid firm management technology in place you avoid unnecessary conflicts. Centerbase has a database in place that allows you to automatically show conflicts of interest. Entering a new client or case triggers an automatic and thorough search of your database for potential conflicts and stores it for future cross-checking.
Allowing billable hours to go down the drain
Your time is extremely valuable, don’t waste it focusing efforts on side work. You are not an accountant. Streamline a firm’s billing efficiently with firm management techonology. You can easily and accurately connects clients and matters to time and invoices with CRM. Every minute of every hour is captured, recorded and billed in real time throughout the day with Centerbase. Integrate with Microsoft Office and make it simple to open, edit, save, and keep time from Word. Simplifying tasks allows you to focus on practicing.
Letting opportunities slip through the cracks
The majority of law firms are interested in new clients. Even if you have a strong client book, they could leave in a nanosecond. Forgetting to follow up with potential clients and contacts is a common way to miss out on revenue for the firm. Trusting that you’ll go through your stack of business cards collected is just not reasonable. Snap a picture of a business card and save it automatically in your CRM, reducing clutter and the chances of losing cards. Firm management technology is not just meant to store information, it’s interactive. Ensure you follow up with these contacts by automatically scheduling alerts and reminders. All of your contacts can be organized and linked in one place. Centerbase also allows you to bring in information straight from LinkedIn. Missing out on leads in your backyard is no longer an option.
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