Sunday, June 20, 2021

Efficiency increasing techniques for Law firms

Efficiency increasing techniques for Law Firms:

An innovative approach is essential for adoption in every field of life to adapt oneself to the changing times and get the maximum benefit out of it. The field of law is no different. Law firms in dubai also need certain efficiency-increasing criteria to maintain their assets and reap utmost advantages from the technological advancements. Efficiency is a measure of the ratio between total productive output to the total given input, using time and energy in a way that they do not get wasted. Some of the efficacy-increasing techniques are discussed below.

Implementing the Latest Technological:

Implementing the latest technological innovations in the firm to draw up more clients is a good practice but not the ultimate efficacy call. An increase in a law firm's productivity begins by stimulating ask-and-tell culture from within. Employees feel empowered, and more inclined towards productivity when they are given importance by garnering their opinions.

They feel motivated to deliver better when their input is valued regarding any change in the firm's policies for enhanced output. Law firms in dubai need to automate their systems for administrative tasks as well if they need efficiency. This shall make the attorneys focus on their primary occupation for revenue generation and leave the backhand working like billing system to the automated technologically updated software.

Another useful technique:

Another useful technique applicable here is to feed on the data generated by the law firm itself, use that data to eradicate the shortcomings, and strengthen the high-yielding methods. A quantitative measure of the firm's legal ventures and the costs incurred by it is necessary, without which one cannot even plan or invest for future growth prospects. It is vital for optimal refinement in the provision of legal services and smooth operational execution. Tech-savvy law firms have already made the paper-keeping of records practice redundant.

Firms now advocate the use of cloud-based legal management practices. Internet comes here as the boomer by helping the free information streaming and case handling between the advocates through the firm's central network server. The legal reps get authorized access to the firm's data, update it, and share it among themselves as well, cutting the firm's overall expenses and increasing profits.

The Price of Law Firms/Fee Structures of Law Firms:

The Fee Structure of a Law Firm is obviously decided by the Lawyers who are the owners. These Law Firms managed by the Lawyers are nothing except the plan made by the Lawyers. The Plan can be operations, sales, client servicing, and the fee structure. The Fee Structure plans in UAE were used to be like this;

  • Contingent Fee grounds
  • Instalment Fee grounds
  • Half upfront and half upon completion grounds
  • Half up front and Half upon Recovery
  • Percentage Basis
  • Half up front and Hald After the Execution
  • Some Amount Upfront balance in Installments
  • Some Amount Upfront balance upon completion
  • Some Amount Upfront balance upon recovery
  • Some Amount Upfront balance upon the judgment
  • Some Amount Upfront balance upon execution
  • All upfront
Though there is no Fixed Fee Structure. But the Fee received by the Lawyers in the United Arab Emirates is like other countries e.g. US, UK, Canada, North American Countries, etc. Now the Diwan Court has introduced new standards regarding the Fee. Some Law Firms were taking the advantage of the confusing agreements and such practices have been stopped by Diwan Courts.

Diwan Courts set some rules to charge the fee in particular manners. We suggest you check with DIWAN Courts in this regard. We all know that the good Lawyer is always a good Lawyer but the rules are also rules. Diwan always works for the betterment of lawyers, law firms, legal consultants, people, businesses, and all the segments of society.



Affordability Factors and Sensitivity of Legal Services:

The client's affordability factor is one of the biggest factors to hiring a Lawyer or Law Firm. Legal Services are different in nature. It's not like Event Management, Facility Management, Recreation, Entertainment, Banks, Hospitality sectors. The lawyer has to understand the importance of the legal services first. A court case of divorce, alimony, millions of compensations, trade license can turn against when a lawyer does not pay special attention. It turns against and costs millions when lawyers do not perform well intentionally and legal consultants in dubai do not offer the right services. Therefore a lawyer/law firm has to take care of a few things of clients;

  • Narrative
  • Money
  • Stance
  • Future Value
  • Tangible and Intangible Value
  • Case Protocols
When a Client arranges the money with difficulty or even he gets no issue while spending but still he (lawyer) has to take care of the interest of the Client. He has to look after the subject of the client.

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