New Ideas for Texas Solo Practitioner Attorneys

Document Type:Research Paper

Subject Area:Business

Document 1

They will be able to save on costs and this will enable them to make good profits after deduction of the operating costs. Primarily, there are various ways which when followed by a firm, reduce operating costs. The operating cost is usually termed as the cost that an organization, firm or company is supposed to pay for the day to day operations of its business. This is usually experienced on a daily basis and the company has to incur this costs so as to be able to survive or operate in the future. This is best explained when the firm earns a substantial profit after it has paid off the day to day costs which may include: paying off the staff, paying the rental space, paying bills for water, electricity, postal, transport and advertising costs. When this is solved the firm is able to make good profits and is able to save money spent on operations. One of the various ways in which a law firm can cut its costs is by reducing the number of employees. This is possible when there are a number of employees who can do a variety of jobs in the small organization. For instance, there might be various employees who have several job duties in a day for example cleaners, cooks, and the secretary. The firm will save when it cuts down the cost of employing many employees and in turn, use the abilities of some who will multitask and be able to do the different jobs altogether.

Sign up to view the full document!

This will reduce the tiresome job of dealing with paper and which might at times get lost resulting in a situation where there are a lot of people to blame. When there is improved technology in an organization, the organization is able to run effectively and efficiently and this will help in minimizing costs and also fulfilling its main purpose which is increasing shareholders equity and attending properly to customers. For every organization, billing is a crucial and unavoidable procedure and which if well maintained, sees to it that costs are well covered. The firm should consider paying their invoices on time or earlier than the due dates. This will help in cutting operating costs since some vendors offer discounts once their invoices are paid early. These may include establishing ways in which the organization considers saving on electricity.

Sign up to view the full document!

Everyone involved in the organization should always strive to ensure that lights are switched off when not in use or when it’s daytime, any electronic devices including computers not in use should be turned off. In addition, replacing the LCD computer monitors with the newer LED thinner flat panel monitors will aid this course since this will assist in saving the amount of electricity consumed. The law firm can also focus and consider going green if possible, where the usage of green energy will be paramount in aiding the cost-cutting objective. They can do this by using alternative types of lighting such as the fluorescents which are compact instead of the regular bulbs. The communication can be done through the most established ways which are calling and texting the customers and notifying them of the progress of what they might want to know.

Sign up to view the full document!

This are the best and fastest methods of updating the customers and reminding them of the different meetings and the importance of attending them. This helps clients and firms as well give their views and opinions in a clearer way. The firm can also opt to use the email services and notify customers as a way of updating the clients on the important information and dates that are scheduled. Other strategies that could help in updating clients could be through the use of the online social media updates. Portals will help the clients get personal messages that involve them and other general messages that the firm generally sends all clients. Once customers are updated using the portal, they will feel part and parcel of the organization and this will, in turn, make them feel valued by the firm.

Sign up to view the full document!

The client portal will also help clients keep personal information safe since they will have different usernames and passwords. Providing information to clients could be made easier and interactive through the creation of networking events that provide opportunities for clients to come together. The firm should strive to understand the additional needs of particular clients and introduce them to other clients or third parties whose assistance would make a difference. This will help in scheduling the time and date when the meetings with the attorneys are set to be held. There are different advantages of online scheduling which include easy scheduling of appointments and their organization by the firm. Online scheduling helps the firm to schedule events during times when attorneys are available and whom to see and talk to. In case there are some appointments that are due to hold similar discussions, then the online schedule notifies the firm so as to hold the appointments at the same time but this is after approval by clients.

Sign up to view the full document!

There is also the use of software that is instrumental in scheduling the appointments.

Sign up to view the full document!

From $10 to earn access

Only on Studyloop

Original template