Capturing those billable hours: Windows 95, with its added muscle, will boost time-and-billing software capabilities, leaving more hours for generating revenue

Article Abstract:

Law firms face a transition in time-and-billing software as Windows 95 and associated hardware bring greater speed, power, and connectivity to the office. Beginning in spring 1996 users can expect electronic billing over the Internet, decentralized data processing, online account access for clients, and widespread use of graphics in statements. Experts disagree on the importance of Windows 95 versus the prior Windows version, but all agree that change will continue and continuous upgrading is important.

Prepackaged software, Business Software Pkgs NEC, Usage, Software, Technology application, Law offices, Collection (Accounting), Billing software, Microsoft Windows 95 (Operating system)

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Budgeting boom; these are the days when miscalculating the price tag on corporate litigation could bankrupt a law firm. Getting a handle on costs is an art that not only boosts efficiency but carves out a competitive edge

Article Abstract:

The increasing cost-consciousness of corporate clients and the popularity of fixed-fee arrangements for lawyers make estimating with some exactitude what each phase of a lawsuit will cost a necessity. The increasing use of technology is also forcing law firms to be more conscious of financial factors. Joseph Kashi, chair of the ABA Law Practice Management litigation interest group, favors using decision-tree analysis to figure out expected costs based on the probability of certain events happening.

Finance, Lawyers' fees, Law firms

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Increase in M & A legal work; lawyers work more hours to handle the load while hiring remains steady

Article Abstract:

Legal work in the field of mergers and acquisitions has increased although not to the level of the 1980s. Corporate strategy rather than entrepreneurs are the driving forces behind the mergers activity of the 1990s, meaning that lawyers are spending more time investigating the target company and evaluating tax, environmental and antitrust concerns. Joint venturing has also become more popular and provided another source of legal work.

Management, Acquisitions and mergers, Legal specialization

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