Law firm management encompasses everything needed to manage the business side of your law firm. With CoreMatter, be rest assured that these matters are well taken care of.
As a legal practitioner, there is nothing more important than the workflow of your firm and maximising the efficiency of your time. It happens more often than you think, and it is even more so when the law practice is ever evolving. Lawyers must cultivate a growth mindset and be willing to break free from tradition – though sometimes, that’s easier said than done.
But with the right system in place, law firms can be set up for success. Here are 4 features of CoreMatter that can help lawyers manage their firm more efficiently:
1. Plug holes in your spending
One good reason to endure the occasional drudgery of budgeting is that it alerts you to trouble, all while you still have time to do something about it. You’re forced to find out why your expenditures are climbing and to take immediate action. But really, it’s time consuming and may not be always accurate.
With CoreMatter, you get a bird’s eye view of billing details that may be normally overlooked, and identify areas for improvement easily, making it more efficient in the long run.
2. AML/CFT-compliant
Besides that, there is also protection for your organisation from the current and emerging risks in the compliance sphere in a number of ways and areas. CoreMatter allows for AML/CFT-compliant client creation that is vetted and approved by relevant Partners before a Matter can be opened.
3. Departmental accounting
This is where accounts are prepared and maintained for different departments of an organisation on an individual basis, in order to evaluate them in a fair manner. By using CoreMatter, departmental account modules are available for firms that need to capture accounting entries of different departments, branches, practice areas etc.
4. Multiple timers
If you want to accurately bill for your time, all you have to do is get in the habit of capturing time as close as possible to when it’s being expended.
With CoreMatter, users are allowed to run multiple timers for the fee earners to capture their time in the most efficient manner. These timers will run in the background, even when the users log off their CoreMatter session, and their time will be captured to the respective calendar, making every minute count.
For many law firms, law firm management structures haven’t changed much over the past 100 years or so. Essentially, there is a managing partner and firm partners. There may also potentially be equity partners and non-equity partners. And then there are associates and staff, including legal assistants, paralegals, receptionists, and office managers.
Depending on the size of the law firm, there may also be IT managers and an HR department. This is a strict hierarchy, with equity partners at the top reaping the most rewards for the firm’s success.
But it doesn’t have to be that way. Get CoreMatter today, and you’ll see what can be improved and automated in terms of improving your law practice.
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If you schedule a demonstration now, you will receive one (1) month of usage free upon the service activation. Just click on https://corematter.biz/signup/ to sign up.
