LawFuel Power Briefing: Nicolet Law, Minnesota Image credits: AI-generated by Gemini The era of building a personal injury empire solely relying on splashy billboards and late-night TV ads is over. While some markets are still saturated with traditional advertising—with law firms spending an estimated $2.5 billion nationwide in 2024 to solicit legal claims, a figure […]
Everyone’s talking about the future of work, but it feels like the plot of a prestige TV show—lots of drama, cliffhangers, and unexpected twists? Deloitte’s latest survey of Gen Z and millennials is basically the season finale, packed with insights about what the new guard wants from their jobs, their employers, and, well, life in
Why Law Firms Must Adapt or Risk Losing the Next Generation of Legal Minds Read More »
LexisNexis CEO Sean Fitzpatrick recently made a jaw-dropping prediction that lawyers leveraging AI could charge up to $10,000 per hour within the decade. He says 39 percent of private practice lawyers now expect to adjust their billing practices due to AI, up from only 18 percent in January 2024.
The tension between skyrocketing rates and fundamental business model changes creates the perfect storm for the legal industry with the onset of AI tools.
Lawyers may soon charge $10,000 an hour thanks to AI, says LexisNexis CEO Read More »
Law firm invoice issues Image: Freepik Navigating the complexities of running a law firm involves many challenges – and invoicing is one that just can’t be ignored. Efficient invoicing is not just about sending bills: it’s about ensuring consistent cash flow and maintaining good client relationships. However, optimizing your invoice-related processes isn’t always straightforward, and
Tom Borman, LawFuel contributing editor There is more being written about AI and legal tech developments in the law than ever and as the pace of words continues its onslaught, the key emerging realism is that law firms are rapidly changing in the services they offer and the way they are delivered. Legaltech developments and
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Law firms transitioning from physical to digital archives need a strategy that emphasizes security, compliance, and accessibility. This guide offers practical steps to efficiently manage legal documents in the digital realm. So, discover how you can transform your document management practices into streamlined and secure processes. Assess the Security Needs for Your Legal Documents Begin
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Melanie Vairawanathan Starting a law firm is an exciting milestone. Yet, diving into entrepreneurship while also growing your family can feel like balancing on a tightrope without a net. I experienced this firsthand when I found out I was expecting my first child just months after launching my own law firm in 2022. The journey
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UK Law Hourly Rates Take An Upward Hike Tom Borman, Big Law contributing editor Britain’s top law firms have hiked hourly fee rates by nearly 40 percent for the top 10 law firms according to a new survey from PwC. The survey of the UK’s top 100 law firmsshowed that average hourly rates at top
The Generation Alpha Issue Norma Harris, LawFuel writer As law firms continue to grapple with integrating Generation Z into their ranks, an even newer cohort is on the horizon – Generation Alpha – the generation born after 2010. So how should law firms prepare for the oncoming Gen Alpha wave? The oldest members of Gen
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Key Advice For New Lawyers Jordan Furlong, Legal market analyst and consultant The ability to initiate, grow and maintain professional business relationships is absolutely critical to your future legal career. Here’s why these skills matter and how to start developing them. f you are: (a) starting or continuing your law degree, (b) preparing for bar
New Lawyers – Start Building Your Client Relationships Now Read More »
