How Practice Management Software Can Help Small Firms Meet Today’s Challenges
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https://www.rocketmatter.com Thomson Reuters recently published their annual State of U.S. Law Firms Study, and consistent with results in past years, two of the top challenges small law firms face are client rate pressure and spending too much time on administrative tasks. Also, the survey shows that firms struggle with a lack of internal efficiency as well as information overload from growth in documents. The good news is that by using a reputable legal practice management software, firms can easily address these problems and many more. This CLE will walk you through Rocket Matter’s features that will help you easily streamline and automate your workflow, manage your cases, make clients happy, and increase profits. Learning Objectives: Learn how to address client rate pressure by not only offering alternative fee arrangements, but also automating them with recurring billing and payment plans. Find out how your clients can pay with credit cards, which cuts down on your overhead costs and administrative time and increases your bottom line. Discover how to improve internal efficiency with workflow and billing automation, as well as our batch billing feature. Learn how to manage and organize your documents with document folders, document templates, and our integration with ScanSnap Cloud. Hear about our time-saving integrations with other applications you use every day, such as QuickBooks Online and Office 365. Find out about our user-friendly reports that offer you a powerful glimpse into your firm’s finances and productivity.
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How Practice Management Software Can Help Small Firms Meet Today’s Challenges
- 1. How Practice Management Software Can Help Small Firms Meet Today’s Challenges
- 2. 888-432-1529 www.rocketmatter.com Thomson Reuters 2016 State of U.S. Small Law Firms “Attorneys running small law firms know that they sit in a unique position. Successful small firms not only provide excellent service to their clients, they are also savvy entrepreneurs capable of building a successful small law firm in a rapidly evolving market.”
- 3. 888-432-1529 www.rocketmatter.com The struggle is still real!
- 4. 888-432-1529 www.rocketmatter.com Client Rate Pressure • Start Proactively Offering Alternative Fee Arrangements • Automate the things you can (automatic invoice sharing, recurring billing, payment plans)
- 5. 888-432-1529 www.rocketmatter.com The Administrative Burden • Customize your firm’s invoices, rates, document templates and matter templates to save time • Cut down on time-to- payment by accepting credit card and ACH transactions
- 6. 888-432-1529 www.rocketmatter.com Internal Efficiency • LPM Software: A single point of entry for all matter- related data • Use Integrations and LPM Features to reduce double entry • Workflows, Billing Automation, Batch Billing
- 7. 888-432-1529 www.rocketmatter.com Complex Technology • Your firm’s technology solutions should be intuitive and easy! • Use up to date devices, on a system you’re comfortable with • CLE’s and Webinars can help keep you up to date
- 8. 888-432-1529 www.rocketmatter.com Control Your Expenses • Technology education and improvement as a necessary business expense • SaaS model helps with Cash Flow • Reducing paper and other overhead costs helps your cash position
- 9. 888-432-1529 www.rocketmatter.com Rocket Matter was founded in 2008 as the first cloud-based product on the market.
- 10. Rocket Matter users capture 33% more billable time!
- 11. 888-432-1529 www.rocketmatter.com Rocket Matter Differentiators Superior integration with Quickbooks Online & Office 365
- 12. 888-432-1529 www.rocketmatter.com Rocket Matter Differentiators Bill As You Work Technology
- 13. 888-432-1529 www.rocketmatter.com Rocket Matter Differentiators Automatic Billing and Payment Plans
- 14. 888-432-1529 www.rocketmatter.com Rocket Matter Differentiators Tightly Integrated Payment Processing
- 15. 888-432-1529 www.rocketmatter.com Rocket Matter Differentiators Intuitive Batch Billing
- 16. 888-432-1529 www.rocketmatter.com Rocket Matter Differentiators Customizable Matter Templates
- 17. 888-432-1529 www.rocketmatter.com Rocket Matter Differentiators True Conflict Checking
- 19. 888-432-1529 www.rocketmatter.com Rocket Matter’s Legal Productivity
- 20. 888-432-1529 www.rocketmatter.com 866-710-1845 Sign up for a free trial, no credit card required!
- 21. Thank You!Nefra MacDonald | nefra@rocketmatter.com Cherise Guarino | cherise@rocketmatter.com
Editor's Notes
- RECORD! -Put questions in questions widget Introduce yourself- Business Development and Strategic Partnership Coordinator Introduce Cherise- Cherise Guarino is the lead Customer Success Manager at Rocket Matter. An expert in helping firms fix problem areas with actionable steps, she’s dedicated to helping small and medium-sized law firms grow. Cherise works with law firm administrators, controllers, IT directors, and partners to aid them in adopting technology and streamlining workflows to maximize their profitability and productivity.
- - Clients are looking for more value for the dollar You’ve got to keep up with technology and legal market trends Changes in laws and regulations means you’re constantly learning There are so many challenges and threats that could drive your small firm out of business. Let’s talk about some of these struggles that small firms say they feel, and then we’ll talk about solutions that might help alleviate some of those burdens.
- Nefra
- Cherise Rocket Matter users spend 40% less time spend on administrative tasks What is time-to-payment? It's the amount of time it takes from when you print and send an invoice to when you actually receive payment from the client for that invoice. When you print and send, it typically takes a minimum 0f 30 days to receive payment. When you start sending invoices via email, and your clients have the option to pay with credit cards or e-check, the time to payment is cut down to around 7 days.
- Nefra Quickbooks Online, Office 365 (including Outlook Calendar, Contacts and Email)
- Cherise Devices you're comfortable with are important, because the learning curve will typically be reduced if you're generally familiar with how it works. But you want the latest technology for security and functionality reasons. Cloud based software enables you to work from any device, anywhere, anytime. So if you like your PC, but love your iPhone, you're not restricted in terms of which device you chose to run your firm on. And with continuing education, Rocket Matter offers free webinars 2-3 times a month, live training webinars 2 times daily, and we're present at live events all over the country.
- Nefra What good is the latest device or a great software program if you’re not using it to its fullest potential? It’s a necessary business expense, but many cloud based solutions are on a SaaS model. You don’t “own” the software, but you should always own your data! Cash flow: Cash position: level of cash in relation to expenses and liabilities. *reference back to Cherise's example and how that must reduce overhead too
- Nefra The solutions that I’ve been speaking about are solutions we developed from years of serving thousands of attorneys around the country. Rocket Matter, which is based in the south-east in Boca Raton, FL, offers an all-in-one legal practice management platform with the most powerful and easy-to-use time and billing software in the industry. When law firms want to make more money, go paperless, or increase their confidence in their trust accepting, Rocket Matter helps them achieve those goals.
- Nefra
- Cherise If you're not currently a customer with us, make sure to mention that you'd like to learn more about these integrations when you speak to our sales team. And if you're a current user, reach out to your Success Manager, and they'd be happy to tell you more.
- Nefra $= somewhere you can add billable time Used to be 9, but this year we've added at least 4 new locations
- Cherise We'll show you this in just a few minutes
- Cherise
- Nefra
- Nefra
- Cherise
- Touching on heavy hitters- Automation areas Matter templates and recurring billing and payment plans
- Nefra Visit rocketmatter.com/blog for articles on legal technology and productivity, e-book and white paper downloads, plus fun stuff like our 10-minute legal podcast and “shelter pet of the week”
- Nefra Contact one of our award-winning account executives to set up a demonstration or free trial!