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Tag Archive: legal management software

With PCLaw, Save Lawyers Time And Improve Your Firm’s Processes

What are qualities of a good lawyer? Of course, a skilled lawyer is astute, perceptive, supremely knowledgeable and thinks well on their feet. But when evaluating a lawyer’s skill set, one quality that’s often overlooked or dismissed entirely is efficiency.

Any lawyer knows that in addition to demanding clients and challenging cases, they also face mountains of paperwork. Indeed, the more cases a lawyer takes on, the more daunting their paperwork becomes. In order for lawyers to succeed, it remains crucial for them to keep all of their paperwork organized, and easy to track at all times. Effective legal management software is the key for a lawyer’s — and entire firm’s — efficiency and reputation in the long-run.

LexisNexis’s PCLaw is the trusted software of lawyers in the country. Used by over 12,000 firms, PCLaw streamlines accounting and billing, effectively forcing lawyers to make their processes more efficient. One of the software’s biggest advantages is its all-in-one nature — it lets you manage tasks you would normally organize separately. For busy lawyers who already put in long hours, the importance of a time-saving, organizational tool cannot be emphasized enough. PCLaw lets you do trust accounting, client management, billing and accounting, track billable hours, capture expenses all in one place. Moreover, with PCLaw, you can generate reports into your firm’s finances, saving valuable time typically spent on billing and accounting. All this time will let lawyers pour more hours into cases at hand, honing their skill set and ultimately bettering your firm.

Even if lawyers aren’t at the office, they often want to get updates with what’s going on at the firm. PCLaw is available remotely and can be connected through mobile devices, giving you access to your firm’s information at all times.

You also don’t need to worry about spending even more time training lawyers how to use PCLaw. PCLaw has a visually-friendly dashboard that presents important details where you need them. There’s no need to search different areas of the software for what you need. Instead, PCLaw immediately lets you access what you need all in one dashboard.

Still not sure if PCLaw is right for your firm? You can book a free demo, which gives you an in-depth tour of the online billing and accounting software.

Featured image source: LexisNexis

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Protect Your Firm Against Personal Legal Action With LexisNexis

According to a global report issued by Allianz Global Corporate & Specialty (AGCS), new risks put corporate leaders at higher risk of experiencing investigations, fines, or persecution over alleged wrongdoings. D&O Insurance Insights: Management Liability Today found that there’s a “growing trend toward seeking punitive and personal legal action against executives for failure to follow regulations and standard, which could result in costly investigations, criminal prosecutions or civil litigation.”

AGCS stated that these new risks include cyber incidents, data privacy, rising regulator and shareholder activism, and the influence of third-party litigation funders. One of the main findings from the report was that the top cause of Directors and Officers’ (D&O) loss is non-compliance with laws and regulations. The average claim for breach of trust and care came to more than US$1 million, globally. However, D&O claims can be valued much higher, as in the hundred of millions of dollars higher, when the time it takes to resolve claims is taken into account.

For Canada, the report states that “regulatory aggression continues to feature heavily in the landscape for directors. The Ontario Securities Commission (OSC) is becoming more demanding in its investigations, as is the Alberta Securities Commission.”

With these new risks, it’s imperative that businesses have the resources they need to ensure they’re complying with the law. LexisNexis can help. With the Lexis Advance Quick Law program, LexisNexis can provide organizations with legal information and insight from commentary to legislation, case law, and tribunal decisions.

For legal firms in particular, LexisNexis also has legal management software call LexisNexis PCLaw that can help law firms get a full view of their practice. This program gives legal firms control over trust accounting, client management, case and matter management, and also provides resources to track billable hours, capture expenses, and manage billing and accounting. With PCLaw, you can keep your trust accounts compliant, gain insight into your law firm’s finances, and reduce the time you spend on accounting.

Visit the LexisNexis website to learn more about their programs. To learn more about the AGCS report findings, click here.

Story source: Canadian Underwriter, LexisNexis

Featured image source: University of Utah

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