GlobalX introduces new efficiencies for practitioners with TrustOnline acquisition

Leading legal technology company GlobalX has announced its latest tool to assist the productivity of Australian legal and conveyancing practitioners, following the acquisition of trust accounting solution TrustOnline. Now available to GlobalX clients through award-winning conveyancing software Matter Centre and practice management system Open Practice, TrustOnline enables legal and conveyancing professionals to securely manage their trust account on any device at any time. GlobalX CEO Peter Maloney is excited to introduce TrustOnline into the company’s suite of productivity tools. “This acquisition is a win for GlobalX, but more importantly a win for our clients,” Mr Maloney said. “We identified our […]

What should we expect from our legal practice software now?

Law firms are asking their software providers: What is the best way for our staff to work together as a team on matters and documents in a remote environment? How do we manage accountability of staff when they are out of sight? How can we efficiently work with clients on their documents and keep them updated about their matters? What are best practices for internal office banter in a remote work environment? Should anyone be allowed to broadcast messages to the whole firm? How do you take advantage of software tools to promote your firm’s culture, to enable office socialising […]

Accountants and bookkeepers on the front line

Accountants and bookkeepers are currently the doctors and nurses of your business. Based on the most recent assistance package announced, they will be scouring your financial records hoping to find that your revenue is down by at least 30% compared to last year. The exact details are not clear at this moment but it looks like if your revenue is down by 30%, even for the month of March, then you will be eligible for a huge benefit. This is in addition to the BAS rebates. According to Macquarie Bank: The JobKeeper Payment is designed to help businesses affected by […]

Suddenly we are all experts on virtual meeting software

If you have been living under a rock like the rest of us (i.e. in home isolation) then you would be well aware by now of virtual meeting software Zoom and Teams. These two seem to be the most common in a professional business setting, although there are many other services being used as well. Zoom appears to be the software of choice for those with a previous history of putting on virtual meetings. Lurking in your Office 365 subscription is Microsoft Teams. This lesser known and newer software is being widely adopted in school and educational settings. This is […]

Publicly listed law firms – share prices

The ASX All Ordinaries is down around 29% off its peak in February 2020. For a little over one month it has been in sharp decline but it seems to have found a floor. Let’s take a look at some listed companies that are connected to the legal sector: Comparison of share price as at 26 March 2020 compared to 20 February 2020. Legal Services Shine Lawyers: share price down 21.7% Slater & Gordon: share price down 26.1% Australian Family Lawyers: share price down 37.9% Intellectual Property Services IPH Limited: share price down 30.3% QANTM IP: share price down 24% […]

LawTap Announces $250,000 COVID-19 Stimulus Package for Small Law Firms

LawTap, which provides appointment booking and scheduling for law firms, is proud to announce a $250,000 COVID-19 stimulus package to support small law firms across Australia, the United Kingdom, and the United States impacted by the COVID-19 pandemic. Funding is available immediately. “In the past three weeks, LawTap booking data shows that the average small law firm has experienced a 43% increase in ‘socially distant’ appointment options – this means phone calls, Skype, Zoom, and where appropriate, appointments at the client’s location,” said LawTap CEO and co-founder Seamus Byrne. “We know local communities rely on small law firms to solve […]

Legal Tech goes from luxury to necessity overnight

By InfoTrack. As the nation moves to remote working to flatten COVID-19, the use of legal technology has gone from being a luxury to a necessity overnight. John Ahern, CEO of leading tech innovator, InfoTrack, said “The original purpose of legal-tech was to automate and create workflow efficiencies in practice. But now more than ever before, legal-tech is becoming a method of survival in today’s unprecedented crisis making the conversation around slow adoption of law firms obsolete, but also raising concerns as to whether firms are prepared.” With lawyers having to switch to servicing their clients remotely overnight, the number […]

Real Estate Institute says no more public auctions or multiple party viewings

Update: Prime Minister announces ban on public auctions and open homes “Real estate auctions and open house inspections – in particular, open house inspections – that cannot continue.” The Real Estate Institute of Australia is now calling on all real estate agents across Australia to make significant changes to the way they conduct their business particularly in relation to house inspections and the conduct of public auctions. Past practice with open homes and public auctions needs to cease. Adrian Kelly, REIA President: We need to take the Covid-19 Virus seriously. The deliberate organising of a gathering of people by a […]

Prospects for small general legal practices

By Peter Frankl. What a shitty situation this is. While there may be things to be thankful for at the moment, there is nothing to be happy about. It is a shitty situation. However, life goes on and business goes on. I believe that if your livelihood depends on legal services, particularly in a small general legal practice, then this is something to be thankful for. Starting with the most obvious: Wills and Estates, which is the cornerstone of so many small practices. This is surely one of those areas of law that is largely disconnected from economic fluctuations. Nothing […]

Digital tools to ensure productivity in uncertain times

by GlobalX. In the midst of the global Coronavirus (COVID-19) crisis, self-isolation and working from home is gradually becoming the norm for organisations across many industries. With video-enabled online meeting platforms, VPN availability and instant messaging services that can be accessed from anywhere, it’s now easier than ever to carry out daily tasks as “business as usual” even when working remotely. While organisations may have their internal systems optimised for remote workforces, what about the solutions they use to ensure little-to-no disruption to their clients? For legal and conveyancing firms, when matters are often time-sensitive – especially with property transactions […]