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Why is legal practice management important, what impact does it have on risk and compliance, and how can your law firm drive efficiency and maximise revenue?
Practice management for law firms is essentially the art of keeping all the moving parts of a legal practice working seamlessly. It’s the combination of strategic, administrative, and operational processes that optimise the day-to-day operations of a legal practice.
We’re talking about:
• Client, case, and document management
• Automatic time capture
• Know your client (KYC) checks
• Ensuring compliance and addressing risk management
• Managing legal accounts
• Customisable reporting suite
A well-managed law firm delivers exceptional client service, consistently meets deadlines and maintains clear communication. These advantages lead to higher client satisfaction and retention.
The benefits of practice management software for law firms
Increased productivity: Simplifying tasks like document management, client communication, and scheduling gives you more time to focus on core legal work.
Enhanced client satisfaction: This, in turn, leads to better client service with quick response times, accurate billing and transparent communication boosting client loyalty.
Complete practice oversight: Track performance at practice, department and individual level to monitor billable work and revenue.
Secure management of client money: Easily facilitate monetary transfers, post bills, pay disbursements and other ledger transactions.
Improved efficiency: Streamline administrative tasks, automate processes, centralise information and ensure nothing is overlooked, saving time and costs.
Know your legal clients: Conduct and record due diligence checks to verify identities before engagement.
Secure client information: Store all client, contact and case information securely, making it easily accessible.
Reduced risk: Robust compliance features help your firm meet regulations and ethical standards, reducing the risk of malpractice and legal disputes.
Financial control: Ensure accurate financial records with general and trust accounting, and straightforward billing to help you stay in control of your firm’s finances.
Reporting and analytics: Gain valuable insights through reporting tools that enable you to make data-driven decisions for growth.
Why choose unity® practice management?
Dye & Durham delivers a flexible, friendly and scalable solution – taking the stress out of running your law firm while remaining fully compliant. Cloud-based and robust, and delivered by a Law Society Strategic Partner, Unity® Practice Management offers a comprehensive dashboard overview of your practice so that you can focus on what matters most – building a more efficient, profitable, competitive and successful law firm.
Our software is trusted by over 750 small to medium-sized law firms in the UK and meets all rigorous regulatory requirements to ensure that you’re managing cases and monies correctly.
And now, Unity® Practice Management includes new features to make your practice even more efficient, including:
DeeDee, your legal information AI assistant, that can help research, draft, and answer legal questions and streamlines tedious tasks so that you can compete better and maximise fee-earning time.
Easy-to-order residential conveyancing searches that meet independent compliance standards, follow a standardised format that makes it easy to quickly share key insights with your clients, and simplify accounting and cost management with national pricing.
Instant AML checks including PEP, Sanction, Adverse Media, Law Enforcement, and Disqualified Director checks for improved risk management.
Practice management top four tips
If you remember anything from this article. Let it be these key points:
Tip 1: Actively encourage everyone in your firm to use the practice management system as their primary tool.
Tip 2: Use the data insights from your practice management system to make informed decisions, monitor performance and identify areas for improvement.
Tip 3: Allow the practice management software to handle tedious admin tasks, freeing your team to focus on practising law and impressing clients.
Tip 4: Ensure client information is securely stored. Protecting your firm’s data not only meets ethical and legal standards but also reaps benefits for your firm with clients by building client trust and enhancing your reputation as a trustworthy and reliable practice.
Further reading
The Complete Legal Practice Management Playbook: Your Roadmap to Law Firm Success is available in full as our latest eBook, covering everything from the evolution of cloud-based practice management systems to potential pitfalls of software selection, to glossary of practice management terms, and more.
Download the Complete Legal Practice Management Playbook here
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