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Despite helping thousands of people get through some of the hardest moments of their lives, it’s still misunderstood. And we get it—anything tied to money and lawsuits is bound to raise eyebrows.
Case managers play a pivotal role in ensuring that legal cases run smoothly and efficiently. However, managing multiple cases, communicating with clients and legal teams, and keeping track of deadlines can be overwhelming. Fortunately, technology offers powerful tools to streamline case management processes, reduce manual tasks, and improve productivity. In this article, we’ll explore five ways technology can help case managers optimize their workflow and deliver better outcomes.
Cash flow and profitability are the backbone of any successful law firm. While providing exceptional legal services is critical, it's equally important to manage your firm's financial health. This article will explore five key strategies that can improve your law firm’s cash flow and boost profitability—helping you achieve long-term success.
In the fast-paced world of law, staying ahead requires more than just legal expertise. To grow and thrive, law firms need to measure and track the right key performance indicators (KPIs). Understanding and acting on these metrics can help law firms make better business decisions, optimize operations, and boost their profitability. In this article, we’ll dive into the key metrics that should be on every law firm’s radar.
Litigation funding is a game-changer for law firms of all sizes, but what does it truly mean for client satisfaction and firm growth? Many firms still hesitate to explore funding options, fearing complications or misconceptions. However, the right litigation funding solutions can significantly impact both how clients experience your service and how your firm scales over time.
Personal injury cases often come with emotional and financial challenges, both for the client and the law firm handling the case. One of the most significant issues faced by personal injury law firms is the delay in settlements. While delays are sometimes unavoidable, the true cost of those delays can go far beyond just the waiting period.
Law firms and corporate clients are increasingly embracing third-party litigation funding as a strategic tool. Despite a recent dip in new deals (U.S. funders committed about $2.7 billion across 353 new deals in 2023, down ~14% from 2022) Source, the overall trajectory is upward. Industry data shows 39 active legal finance funders managing $15.2 billion in assets as of last year Source. Global projections are even more striking – the litigation funding market is expected to quadruple over the next decade, reaching roughly $60 billion by 2037 (up from ~$16 billion in 2024). This growth is fueled by a steady rise in legal disputes and greater acceptance of outside funding to shoulder legal costs.
Let’s face it: legal cases can be long, stressful, and often expensive. Clients are waiting for the right settlement, law firms are managing massive caseloads, and in the middle of it all, the financial pressure can make everyone feel like they’re stuck in a never-ending loop. But here’s the magic trick: litigation funding.
Litigation funding, a practice that involves third-party financiers providing funds to plaintiffs in exchange for a portion of the lawsuit's proceeds, has grown significantly in recent years. Once seen as a prohibited practice due to concepts like maintenance and champerty, it has evolved into a $15 billion industry. This article explores the pros and cons of litigation funding and its impact on the legal landscape, alongside solutions to mitigate potential risks.
Effective case management is critical for the success and growth of any law firm. However, it’s not just about managing cases efficiently—it’s also about having the right insights and data to make informed decisions. Tracking the right metrics can help your firm improve its efficiency, client satisfaction, and financial health.