Seamlessly manage all your litigations, with effective collaboration all of this by spending less time and money than you do now. Doesn’t it all sound fascinating? Well, it’s not. Lawyers have an enormously busy schedule, and many lawyers agree to the fact that they consider their time as money. Having the right technology and right tools like legal practice management software are key to harnessing the effectiveness of your firm.

Whether we talk about increasing billable hours, how you serve your clients or how you can increase your profitability, tools like practice management software play an important role in your practice. Legal practice management software simplifies and streamlines all your litigation in one place. 

But what is more important after getting a legal practice management software is how you make the most out of it? Does it give you more ROI than before when you were manually doing your work?

Let’s Jump Right into the Section on How to Earn ROI with Legal Practice Management Software

  • Document Management

A report earlier this year quoted that lawyers spent a quiet of their time filing paperwork, paperwork is key to lawyers’ practice. Document management is a key responsibility in a law firm. Proper legal document management is vital and much needed. You wouldn’t want to dig through piles of paperwork every time you open a case study, or you want to know about a client from the past. 

That’s where practice management software comes to save you from all the hassle, all your documents are saved and uploaded on the cloud, so you can easily access any file or any paper related to every case from everywhere. 
You, as a chief attorney or solo practitioner, will not face any problems as all your documents are securely safe and organized in a systematic and effortless way where all your documents can be retrieved by just typing a few keywords. Document management features of practice management software not just save time but also save additional manpower you hire to do your administrative tasks.

  • Profitability 

As we mentioned earlier, many lawyers consider their time as money, so it’s important that they make the most of their time. When you use law practice management software, your time is saved in all the administrative tasks and tasks which you do manually by automating them through practice management software, wondering how? You hire extra support staff to manage your clients, generate invoices and maintain paperwork. These all tasks can be easily automated with just a few clicks by practice management software. This way you save money and time and manpower, as you can assign your support staff for more important and attention-seeking tasks.

Having your support staff assigned to important tasks will assist you in your important litigation matters and will also seamlessly help you to increase your billable hours and make more money out of your time.

  • Your Firm’s Capacity to Serve More Clients 

Wasting valuable hours of your practice in recreating and updating documents and all the other tasks which can be automated by a practice management software, this saved time can be used in knowing and serving your clients better. Your client’s satisfaction is important as they are the key source of your offline marketing, knowing your clients will always be beneficial, spend the saved time for automating tasks with your clients, know any shortfalls coming from your side in your services and ask your clients how you can improve your service, what changes they would like to make, and ask for reviews.

Clients are the core of any law firm. Happy clients often refer lawyers to others. This way, improving your client service can mentally and financially satisfy your law firm’s goals.

  • Having More Time to Focus on Your Marketing Efforts and Grow Your Firm

Lawyers often overlook the word marketing. When you use practice management software, countless hours are saved, and you are left with spare time, which you can use for marketing your law firm. We understand that lawyers don’t have the energy and time to do everything from scratch, but there are a few basic law firm marketing strategies that a lawyer should follow to boost their profitability and business.
Start by making a well-detailed social media page of your firm for all major social media platforms, including  LinkedIn, Twitter, Instagram, and Facebook. It should clearly mention your achievements, services you provide, how to reach you, and most importantly some reviews, then move on by creating daily or weekly digestible content for your audiences like small videos or infographics about situations you would like to enlighten them with. Make a profile on online legal directories, that’s the place where most of the traffic comes to your website these days, putting little effort and time into marketing your law firm can bring substantial growth to your business.

  • How can you calculate a firm’s ROI ?

It’s fair to say that every lawyer would want to make the most out of the investment they did in tools. It is not only important but also essential to analyze the growth rate of your law firm after you started using practice management software. Below is a table with tasks and a comparison study done by MatterSuite about the time taken to complete these tasks in a specific case, when done manually V/S when done with help of practice management software.

Conclusion

A lawyer’s life is hectic and packed up with countless tasks. It’s crucial and fair to have made most of the time and tools you use in your practice. Practice management not only cuts your costs but also saves hours and effort.

Seamlessly managing litigations and all tasks associated with them is essential. Having effort cut down to minimum and revenue to maximum is what you should aim for while using practice management software, tools such as practice management software not only monetary benefit you but also helps you to assist your client better by giving them more time and attention.