Research indicates practice management can make a substantial impact for small law firms both in terms of billing efficiency and cost savings in overhead.
Raleigh, NC (PRWEB) August 11, 2015
LexisNexis® Legal & Professional, a leading provider of content and technology solutions, announced today the LexisNexis Firm Manager® practice management solution, earned recognition as “best practice management software” during this year’s Legaltech News Innovation Awards. The Legaltech News Innovation Awards program is an annual recognition of the best legal technology leaders, products and projects in the legal community. This year’s winners were revealed at the City Club of San Francisco during the Legaltech West Conference.
“We are thrilled the LexisNexis Firm Manager practice management software has earned the top spot in this year’s Legaltech News Innovation Awards,” said LexisNexis Legal Software Solutions Managing Director Michael S. Lipps. “This recognition reinforces the fact that we’re listening to the needs of the market and delivering innovative solutions to help legal professionals manage their law firms more effectively and efficiently.”
Research indicates practice management can make a substantial impact for small law firms both in terms of billing efficiency and cost savings in overhead. For example, a recent report by Blue Hill Research examining the ROI of practice management found that solo and small law firms can save between four and eight billable hours each month, which translates into upwards of 48-96 billable hours per year. The study also concluded firms using law firm practice management software, decreased the need for investment in additional support staff by 40 percent.
The Legaltech Innovation Award comes directly on the heels of a steady drumbeat of praise for the LexisNexis Firm Manager product. In April, the Firm Manager product earned first place in National Law Journal’s “Best of 2015” products in the category of “Docketing & Calendaring Software.”
In addition, the industry newsletter TechnoLawyer publication assessed the product a “TechnoScore” of “A” based on the conventional letter grading system in a published review. The online publication Attorney at Work, which is geared for small law firms, said in a Firm Manager review the product “shines.” The Lawyerist blog, which publishes advice for small- and solo-law firms noted, “Firm Manager is one of the few cloud-based practice management software packages to include a conflict-checking feature.”
In addition to recent industry awards and reviewer and analyst accolades, over the course of the year, the Firm Manager product has added additional features and functionality, including:
- Calendar Synchronization with Microsoft Office 365. Integration with Microsoft Office 365 ensures important deadlines are uniform across attorney and law firm devices.
- Batch Invoicing for Small Law Firms. The new functionality enables law firms to get their bills out faster, reducing the time, and expense firms spend preparing monthly invoices.
For more information about the LexisNexis Firm Manager product or to try it for free for 30 days, visit: http://www.firmmanager.com
About LexisNexis Legal & Professional:
LexisNexis Legal & Professional is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organizations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today, LexisNexis Legal & Professional harnesses leading-edge technology and world-class content to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. LexisNexis Legal & Professional, which serves customers in more than 175 countries with 10,000 employees worldwide, is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries.
LexisNexis helps professionals at law firms and legal departments of all sizes manage the business element of their practice or departments with innovative software and mobile solutions for customer relationship management, competitive intelligence gathering and assessment, time and billing management, matter management, client analysis, legal holds and more.
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