For attorneys looking for a job, the legal job market is looking great! But for law firms looking to hire, statistics tell another story. In April, the U.S. Legal Services sector declined in jobs for the first time in six months, which is the only sign that competition will decrease for law firms looking to compete for top talent.
In 2021, Bloomberg Law’s Attorney Workload and Hours Survey reported that attorneys experienced burnout about half the time and that attorney wellbeing was declining. Because burnout is stress that is specifically related to the workplace, this is a huge cause for concern for small law firm owners, who face the high cost of turnover if employees are left feeling exhausted and cynical about their roles in the firm.
For law firms, Q3 is a time to get serious about reaching revenue goals, especially if they’re not on track to exceed those goals already. The third quarter is one of the best times to make changes that will bring increased revenue to your firm because there’s still plenty of time to see a big shift in your firm’s financials by the end of the year, based on the actions you take today. If you’re a firm owner looking to increase revenue this quarter, we have some advice to share about how to make it easier. Today, we’ll be talking all about the “little” things you can do to increase your revenue and keep cash flowing into your firm continuously over the last two quarters of the year.
With all the different case management software solutions available to law firms, deciding which one is right for your firm can be a challenge. Because we specialize in supporting law firms specifically, our team is experienced in multiple different software solutions and can help recommend the best one for your unique situation. One of the ones we frequently recommend to clients is LeanLaw, which offers deep integration with QuickBooks online.