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Legal Industry

While you might have spent years honing your skills to become a proficient lawyer, chances are you did not learn much about data digitization, accounting, and bookkeeping at law school. If you own a legal firm, it’s crucial to know the business’s whereabouts along with knowledge about winning litigations.

If your law firm operates without you ensuring it complies with all the ethical rules, it can be problematic. Plus, no matter how hard-working your team of junior attorneys may be, there are a restricted number of hours in a day to complete the list of to-do tasks that require prompt completion for the success of a law firm. Worry not; experts at 3Alpha can help tackle the work smarter, faster, and more efficiently.

Why Outsource?

Outsourcing data digitization, accounting, and bookkeeping can help scale a legal firm’s operations while helping save costs significantly. There’s a multitude of tasks that external helpers can easily handle. Outsourcing will save costs and leave you ample time to leverage the strength and experience of other legal experts elsewhere while reducing your workload. The newly found efficacy will enable you to focus on attracting new clients and improvising existing services to ensure premium care is offered to your existing clientele.

It’s crucial to understand your team and law firm’s strengths while taking charge of eliminating any weaknesses so that your law firm can gain skyrocketed profits and a credible reputation. There is a chunk of business-related day-to-day issues involved in legal firms, which means that plenty of tasks await your undivided attention every day.

3Alpha understands it’s fairly challenging for you to handle it all alone, and this is why we offer matchless outsourcing opportunities to the legal industry.

Skyrocket Financial Growth

Sustainable Account Management Services

Legal accounting is critical for your law firm’s success and long-term growth. Our team of accountants is well-versed with standard accounting practices of the legal industry. It can help you produce financial statements that are complete, accurate, up-to-date, and comprehensive. Our team can help you with:

  • Tax analysis
  • Financial projections
  • Concise and clear data representations
  • Liquidity and financial ratio analysis
  • Potential revenue streams

Timely Bookkeeping Services

Managing financial accounts is a painstakingly tedious job; our dedicated team understands legal jargon and can proficiently help manage your firm’s revenue by handling your financial transactions accurately and ethically. Our bookkeepers possess myriad administrative and financial skills; from creating invoices to balancing accounts and recording transactions, they can handle it all! Our bookkeepers can help you with the administration of financial record keeping. Core tasks include:

  • Bank reconciliations
  • Administering employee payroll
  • Creating invoices,
  • Balancing financial accounts
  • Recording transactions

While a bookkeeper records data to help your law firm, an accountant uses those financial forecasting, statements, and expenses recorded by the bookkeeper to devise strategies. Bookkeeping and accounting services are both different activities that can be hired in isolation. Still, legal firms must understand that they go hand in hand when it comes to improving your financial management strategies and avoiding costly errors.

Gain An Edge Over Your Competition With Efficient Data Digitization Services

Cutting-edge technologies at 3Alpha have enabled record management that results in legal firms being able to quickly review client records and create efficient and user-friendly databases and indexing structures that save money and time. Team 3Alpha specializes in document management, matter management, compliance management, e-billing, contract management, and more comprehensive data digitization services to expeditated day-to-day tasks at legal firms while processing large quantities of contacts and extracting essential data points from long texts quicker.

It enables law firms to share records with support staff and associates 24/7 and access legal documents from multiple locations anywhere in the world. Digitizing records into searchable databases increases efficiency, reduces costs and human error, and helps provide a seamless customer experience. By outsourcing digitization services, smaller legal firms can also reap the same benefits as international legal firms. Our professional experts are trained to handle time-sensitive and critical documents from file conversion to scanning and other document digitization services.
Get in touch with us to learn more about how to streamline financial and data digitization processes at your legal firm.

Get in Touch with 3Alpha LLC

Email us today at info@3alphallc.com for more information on our services.