LawRD iPhone Application

LawRD Team,  

November 21, 2011

It is already available in Apple App Store, the LawRD iPhone application.

Optimized with the aim of simplifying the inclusion of time in the various matters of each customer, wherever you are.

For now, the application allows the inclusion of time and the user can update the information in any place and at any time from your iPhone by syncing right away with your online application.

This is the first of a series of developments that will accompany the Web version of LawRD. Our goal is to allow, over time, total access to application functionality, with the advantage of access via mobile.

With this new application, LawRD follows the needs of its users and facilitates the effective management of your time, focusing on maximum efficiency and productivity of their work.

Now you are ready to use, just download it at the App Store.

SaaSafras Roots: Attorneys Moving to Web-Based Software Solutions

LawRD Team,  

September 15, 2010

Post by Jared Correia. Jared is the law practice management advisor with the Massachusetts Law Officer Management Assistance Program, providing free and confidential law practice management consulting to Massachusetts attorneys.  True to certain veiled promises, he makes his thoughts on law practice management available generally online, most notably through the LOMAP Blog and his Twitter account.

As a law practice advisor for MassachusettsLaw Office Management Assistance Program, I am afforded a ringside seat for the viewing of trends in the legal field, through, what has become, my informal, detached study of modern lawyers’ habits.  One of the trends that I have noticed, over the time that I have spent in my current capacity, is that most of the attorneys with whom I consult are desirous of finding appropriate new technologies, that can: (1) unlock previously undiscovered efficiencies within their practice; and, (2) save them money. Given these qualifying motivations, it is, perhaps, unsurprising that many of the attorneys with whom I meet are ready, and most willing, to begin to incorporate SaaS solutions into their practices, to the extent that they have not already done so.

SaaS systems essentially (and, I won’t belabor this point, because if you’re a regular reader of LawRD’s “Your Law Firm in Progress” blog, you likely already know what SaaS systems are, and what they do) move the traditional software program from residence on your computer/system to residence on the web, accessible through a secure portal by you (and invited collaborators), following a set of security checkdowns.  SaaS systems, especially SaaS systems with practice management features, like the LawRD: Reports on Demand program, answer for the above-referenced requirements respecting efficiency and cost.  Online practice management systems are, in my experience, more accessible, easier to learn, more intuitive to use and faster in operation than those systems that continue to reside on your own computer systems. Given that certain systems, like LawRD’s, offer practice management components, for the better leveraging of client matter and contact management and for time and billing (among a number of useful features), the efficiency upgrade will be obvious in terms of adding a practice management system where, perhaps, none existed before; and, generally, the ease of use/intuitiveness, and speed additional to such programs, means that you’ll be working faster, and more efficiently, not harder.  Of course, one of the obvious reasons for the speed advance achieved with the use of SaaS systems is the fact that such programs are removed from your own computer system, and are not competing directly for space, memory and processing speed with the other applications that you have already downloaded to your machine; this also means that you’ve got fewer costs related to desktop/system support moving forward, and that the remainder of your traditional software systems will work faster, as well (competition having been removed), making you more efficient, saving you more money.  The cost savings of a move to SaaS are also inherent in the pricing models of most of these systems versus the pricing models of traditional software programs.  Generally, with traditional software systems, you’re paying a significant initial rate, plus for program updates, usually each year. With an SaaS system, you’re paying a fairly reasonable monthly rate (rather than a significant up-front cost), with updates taking place automatically, and behind the scenes, and without additional charge. The cost savings can become large-scale, depending upon the SaaS system you select, and depending upon the size (in terms of accessing employees) and needs of your firm; and, the additional efficiencies achieved through the immediate application of important updates and upgrades, without your spending any time to apply same, can also become significant.

If you want to learn more about SaaS, check out the “The Use of SaaS in the Legal Field” episode of my podcast.  With respect to the vetting of SaaS providers, and some of the security questions related to the utilization, by lawyers, of SaaS systems, look over my blog post respecting a North Carolina Bar Association proposed ethics opinion that attempts to provide some clarification in that space.  And, of course, you should continue to follow LawRD’s “Your Law Firm in Progress” blog, for product-related updates, and information relative to SaaS.

When deciding on the purchase of SaaS products in the legal space, you might consider LawRD’s flagship “Reports on Demand” program; you should also consider, as well, (LawRD parent company) muchBeta’s other useful SaaS product offerings: Teepin and Yoomit.

A Client’s Global Current-Account

Daniel Nunes,  

June 15, 2010

Post by Daniel Nunes, muchBeta’s Chief Financial Officer:

A client current-account represents the financial situation before a lawyer or law firm.

That being said it’s all very clear: when I (lawyer) issue a billing sheet to clients they owe me money, therefore I will log that debtor position on the current-account. By the time clients pay billing sheets, they no longer owe me any money, i.e. they now have a creditor position before me (lawyer). Thus, clients payments are always credited on their current-accounts. This is why, whenever a money provision is advanced for fees and expenses, I have to credit the client’s current-account.

Yet, a current-account that just reflects financial movements and responsibilities is not enough. A practical example:

A lawyer starts a new matter for a client and asks for a fee provision of $2,000. The current-account shows a creditor balance of $2,000.

Throughout one week, a lawyer has input 20 hours of work into the client’s matter. If that lawyer charges a $150/hour fee, what is the client financial position then?

For any usual billing software the answer would be: the client is creditor of $2,000. According to that application all is OK regarding this client.

But if that lawyer were a LawRD user, when checking the client’s current-account the information would have be:

LawRD displays two balances:

  • A green one shows the amount of $2,000 representing a credit to the client, for the advanced provision.
  • A red one with the negative amount of -$1,000.

This red -$1,000 stands for the real financial situation of the client towards the lawyer. By the end of the month LawRD will read the client situation as:

$2,000 (provision) - [20 hours input x $150] = $2,000 - $3,000 = -$1,300

LawRD displays two diverse concepts of current-account:

  • The traditional, i.e. one that reflects the issuing of billing sheets and the client payments.
  • And another, we call Global Current-Account, which mentions tasks and expenses already logged on the matter, but not yet issued  and billed to the client.

Given the scenario on the example, a lawyer faces two options: either a new provision is requested or all debts are billed to the client so that the balance is altered.

Looking at the first option and that a new provision of $2,500 has been added, the current-account will show a positive balance of $4,500, if only financial flow is considered. A positive balance of $1,500 is shown if the total input of tasks already accomplished but not yet billed is taken into consideration, though:

That $1,500 balance equals about 10 hours worth of work ($1,500 divided by $150) that the lawyer may use for that matter. Once that happens, the client will be in debt before the lawyer, again.

Should the lawyer bill all work to the client, the balance in both accounts will be the same: a negative -$1,000:

LawRD displays as negative and in red all the client’s debtor positions. This is a way to red flag the client’s debtor positions to the matter manager or anyone in charge of the administration.

So, what is the upside of showing two concepts of current-account? Here’s one: the client financial situation to the lawyer or law firm is displayed in real time. Billing never keeps up with the work actually done. By using LawRD, users are informed earlier when the client’s financial position is negative… and real time info is valuable for it allows swifter decisions without having to wait on the administrative time it takes for billing sheets to be issued and only then being able to decide.

LawRD is valuable data for your valuable time.

European Lawyers - Special Offer

LawRD Team,  

May 12, 2010

To celebrate our presence at London’s European Lawyers event next June 5th, we’re giving a LawRD - Reports on Demand special offer:

This means a special offer of, up to 6 months, free use of LawRD.

To access this give away, just click the following fields in LawRD, when signing up for free trial:

We’d like to stress that during free trial, LawRD is fully functional for the better assessment of our app.

This is another initiative in order to strengthen our bond to European Lawyers, just like it happened with the 2009 Brussels event. We’re counting on all of you being there… if the Icelandic volcano doesn’t decided to alter our plans.

Invoices and Receipts of LawRD

LawRD Team,  

May 6, 2010

We have been asked whether muchBeta - developers of LawRD - Reports on Demand - issue invoices and receipts proving LawRD user monthly payment. Of course we do.

Our clients can use one of two ways to paying the monthly fee: credit card or bank transfer.

Should a client choose to pay via credit card, invoices and receipts are automatically issued thus being available on LawRD’s dashboard so they can be downloaded on PDF.

If the payment is done by wire transfer, LawRD will inform the client on the amount to be transferred and the IBAN account number.

The invoice and receipt will be issued once muchBeta has confirmed the due transfer is done (2-5 working days on average).

For clients to view their invoices and receipts, a LawRD administrator will go to the ‘Settings’ tab and click on:

The PDF containing invoices and receipts is reachable by clicking on ‘Current-Account’:

Finally, given that muchBeta is located within the European Union, our company is compliant to all VAT regulations.

The Software Salesperson Stigma

Braz Pereira,  

March 10, 2010

Post by Braz Pereira, muchBeta’s Chief Commercial Officer:

Since we got LawRD out, we’ve had a two way approach as to spread its users community: the Internet and its social networks and the direct approach to legal practice professionals.

When contacting law firms for demoing LawRD (on the premises or online), we’ve systematically faced the ’software salesperson stigma’, which recalls them an array of bad memories from previous cases of IT deployment: the need for training, trying to figure how ‘this and that’ is done or bothering someone with tons of questions about it, trying to get in contact with the vendor to solve problems and glitches and never getting to solve them in due time, …

It’s by the time when clients realize that LawRD is altogether different from what they’re used to, or someone who has used or already using LawRD recommends us, that the ’software salesperson’ label gets yanked off. From then on things get smoother, our clients can immediately spot what sets our app from the rest: easy and intuitive use, available from any Internet connection, free 30 day trial, great pricing and no need for upfront investment.

Aiming to override this hurdle when presenting LawRD, we’ve come up with an affiliates program so we can support and reward those willing to make LawRD known and used by the most number of users. This means that we will pay a monthly amount for as long as 10 years, per active user each affiliate brings to us. Whoever has tested LawRD’s performance has the chance of having an extra source of income, helping us overcome the ’software salesperson stigma’ by scheduling LawRD demos.

We have a SaaS application for supporting the email contacts from our affiliates, which allows them to keep up with their contact performance and who have read their emails and when.

The challenge is set. It pays to pay a visit to affiliates.lawrd.com:

General Internal Matters

Daniel Nunes,  

March 5, 2010

Post by Daniel Nunes, muchBeta’s Chief Financial Officer:

Your LawRD account has a preset matter: General Internal Matters.

This matter is devised for logging the time spent on tasks not to be billed to clients. Let’s consider two examples that will show how useful this particular matter can be:

  • Lawyers will log here the time spent on weekly firm meetings.
  • The partner in charge of back office chores (i.e. overviewing accounts receivable and accounts payable) may log that time spent into this General Internal Matters.

On both cases, by not logging, the data on time spent will not be realistic. This time is actually allocated and is of the firm’s interest. For the weekly meetings instance, it will look as if there is a day in the week that less work is done, whereas the partner in charge of the back office tasks seems to put in less than all the others who just work for the clients matters.

Checking the Status tab within General Internal Matters, allows for consulting data on how do internal affairs affect the overall firm performance as well as, keeping up with its evolution through time.

Following the said example and figuring that we are in early March 2010, we may state that:

  • The total amount of time spent on Internal Affairs is increasing by the month (Time chart).
  • Consequently to that, losses related to this matter are growing (Money chart)
  • The General Internal Matters quota for the Inefficiency Share will rise up to 45% by December 2010 (Productivity chart). The Inefficiency Share is the ratio of the non billed time on a matter and the total non billed time on all the firm’s matters.

In presence of this data, it is up to the firm whether or not to hire to someone to supervise internal affairs, thus freeing lawyers to just working on clients matters. The best first step in order to best go through this issue might be checking reports on the time  each lawyer wastes on internal affairs:

The Complaint’s Paradox

Braz Pereira,  

March 3, 2010

Post by Braz Pereira, muchBeta’s Chief Commercial Officer:

When we first started to develop LawRD, we were quite aware that, in many fronts, the concept we meant to come up with was going to be ground-breaking to most law practice professionals.

The innovation here, is the fact that LawRD is a service, not software sold in a CD-ROM demanding an upfront investment and periodical upgradings.

Being a SaaS, all its data is hosted in the “cloud” (Amazon data centers in LawRD’s case) thus being available through any Internet connection, freeing its users from concerns with servers, firewalls, viruses, IT infrastructure, compatibilities and safety.

LawRD has a mandatory free 30-day trial, no upfront investment and its monthly payment is done  accordingly to the number of active users. No long-term contracts or commitments, quit when you want to.

These facts are self-evident and, in our view, point to the new paradigm to which we move into at fast pace (thanks Gmail, homebanking, Salesforce and all other that paved the way to solutions such as LawRD).

The awareness for these advantages really stands out when a software “glitch” turns up, though. Usually, users call the software vendor presenting a complaint or asking for customer support. Then, a location visit from a technician is scheduled, which never happens as soons as needed, plus there are delays of all sorts, traffic jams and other setbacks until the problem is fixed and that support is paid for.

On the other hand, LawRD’s support is requested through the application itself:

Right away, LawRD team takes charge of the situation and, on most instances, users doubts are cleared or the problem is solved in a couple of hours. Most of our replies to help requests are just to inform our clients that the situation they contacted us for in the first place, is now solved.

Odd as it may seem, it is there and then, when doubts and problems arise, that we can better prove the edge that SaaS presents, being much more than software that one must pay for the the right to use it, LawRD is actually a service, provided by a team that stands only a click away, to solve any doubts or problems from our clients, in a quick and swift way, shortening waiting and offline times to a minimum.

To conclude, for LawRD, solving doubts and problems, is a deciding factor in our clients trust and satisfaction.

Profitability

Nelson Teixeira,  

March 2, 2010

Post by Nelson Teixeira, muchBeta’s Chief Data Officer:

The wage/hour value on LawRD is directly preset on the Users tab. By default, only those who have System Administrator profiles can access it:

In order to check the wage/hour value and fee of any given lawyer, just click their name and then click Change:

The Wage/Hour box displays the firm’s cost per hour for that lawyer and the Client cost box stands for the hourly rate billed to the client that very lawyer has worked on the client’s matters.

The Wage/Hour value is mostly used within reports and on the Timesheet tab within the Matters tab.

In reports, the wage/hour value is key when assessing lawyers profitability. The equation to assess profitability is:

The desired result for this indicator should be over 100%. Values under that bar mean that cost has surpassed gain during the period chosen to assess.

This indicator can be analysed through time for the same lawyer, compared against the same indicators referring to other lawyers and the firm’s global profitability indicators .

Thus, LawRD allows for comparisons throughout time and space!

Clients demand to be informed

Braz Pereira,  

February 26, 2010

Post by Braz Pereira, muchBeta’s Chief Commercial Officer:

From its genesis LawRD was devised in close proximity to law firms’ reality, so that their performance and ease of use needs are met.

During the stage of sorting procedures and requirements, the law professionals we’ve consulted were unanimous on the growing level of demand from their clients, regarding client support and on updating them on their matters.

More and more, clients want be informed and updated on the development and what’s being done in defense of their interests. To fulfill such legitimate yearning, they usually contact directly the lawyers or firms they’ve contracted. To keep their trust and satisfaction, one has to display professionalism, control over the matters and the ability to answer issues such as dealines, tasks undertaken, fees and payments.

With this reality in mind, we aim to ease the work of those who have the responsability of keeping updated and supporting clients, enabling, from a simple Internet connection, data related to any given matter thus allowing them answering, on the fly, to most questions clients ask.

Once the Matter is clicked on, the matter in question  selected, the following page opens up:

Besides the header showing the client’s contacts and matter ’s generic info, it is possible to consult immediately reports on: money, time, productivity and profitability. These provide for an overview and immediate grip on the matter’s status.

Questions on tasks already executed or billing sheets, can be answered through the Time tab, wherein one can find about: who, when and what!

Any doubts on matter expenses, a click on Expenses gives way to seeing all expenses, sorting the ones pending on approval, the ones already approved and the ones that have been billed:

The Comments tab gives access to comments submitted by the team working on that matter and other documents related to it:

The Events tab presents dates and events with significance to the matter:

The Billing tab adresses billing sheets, with the matter’s history and the billing sheets already issued:

Gathering all data concerning a matter in a single place, gives way to respond, on the fly, to the majority of concerns by clients, thus conveying professionalism, control over the matters, transparency, service quality and aiming the client’s satisfaction.  This approach ranks high on LawRD’s users degree of satisfaction, namely those who deal directly with client support.

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