The market size of CRM software expands every year. According to the assessment of Future Market Insights, the global CRM application software market is predicted to reach about US $62,200 Mn in 2022.
To analyze the impact of CRM on Legal Services, let’s use some stats. According to Statista, 84% of law firms have admitted that using legal CRM has increased efficiency in their organization.
More than that, 77% of them are expanding their use of legal technology, adding contact management software for lawyers, intake management software, billing automation, and other software to their work processes.
Choosing CRM software for legal services requires time and deep expertise.
To help you make the right decision, we’ll cover the following aspects:
In this post, we explain how to choose CRM software for legal services and provide our list of top 7 CRMs for law firms you should consider.
Legal CRM is legal client relationship management software that helps legal professionals to store all essential data and history of communication with all stakeholders.
Legal CRM helps law firms to manage critical information about clients and engage with them effectively.
In other words, a legal CRM is a “brain” of a legal practice that tracks each lead and walks clients through their journey.
The ultimate purpose of law firm CRM is to manage the client intake process, attract, retain and interact with clients while lawyers and attorneys focus on practicing law.
Legal CRM helps keep the high rates of customer satisfaction and increase client referrals that boost the total revenue.
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According to Legal Trends Report in 2020 by Clio, firms using CRM software for legal services collected $15,124 more per lawyer in 2019 and projected to collect $27,304 more in the next years.
Source: Legal Trend Report by Clio
In a similar vein, Clio stated that СRM boosted caseloads on a per-lawyer basis for 16% more casework in 2019. In 2020, firms using client intake and CRM software saw over 20% more cases every month from February onward.
In 2019, firms using online client intake and CRM systems saw 9% more revenue per lawyer. This difference increased overall in 2020, reaching a high of 26% more income in August.
Reasons to Implement Legal CRM | Source: Legal Trends Report by Clio
As you can see on the chart, the usage of legal CRM leads to a significant increase in matters and revenue for firms that actively use CRM.
According to the State of CRM at Law Firms (2019) report by Ackert, 78% out of 120 law firms across the US use CRM on a regular basis.
Legal CRM Prevalence in Law Firms
Most of the firms that don’t have CRM are small (1-30 lawyers). The larger the firm, the more likely it has legal client relationship management software.
Legal CRM Prevalence by Firm Size
As you can see, a significant number of law firms evaluated the viability and value of implementing legal CRM software.
If you still hesitate whether to implement a CRM in your law firm or not, read the list of reasons below to increase your education and lessen your fears or apprehension.
Feel free to contact Ascendix. We’ll assist you in choosing the best legal CRM software and customize it according to your needs.
As you know, the legal industry is a competitive market. And legal CRM helps to be on the wave. Legal CRM solutions enable quick and effective engagement with potential clients.
Law firm CRM helps lawyers improve client relationships, intake and case management, billing, matters management, marketing automation, and more.
Subsequently, CRM can generate new casework. Quick response and arranging the appointments are one of the keys to winning the race. Using legal firm CRM tools, you increase your chances of sustained uplift in lead flow.
Considering COVID-19 restrictions, CRM supports remote workflows so that your law firm can provide matter information quickly and efficiently. In this way, you facilitate the engagement process and create suitable conditions to solve a legal problem.
By implementing legal client relationship management software, law firms can automate their routine business processes and track and win more deals, leading to increased profitability.
Store all the essential information in one place. CRM for lawyers increases efficiency — it streamlines contact management and relationships with potential clients, keeping legal issues top of mind.
CRM for legal services is akin to a central repository where you store client and matter files. This information is accessible within the system. Operating in a single interface allows attorneys and staff to get information in one click instead of searching through multiple databases and folders.
Legal CRM platforms provide real-time visibility of key metrics across sales, marketing, legal operations, accounting, billing, and other functions. Having collected this data, you can predict trends in casework, matter, and client profitability.
In some cases, CRM is more than a law firm contact management tool. It can also personalize your law firm’s outreach. Having information about clients’ location, industry, or type of targeted legal services, you can create personalized marketing and email campaigns.
We will teach you how to use CRM software to the fullest without overpaying for unnecessary functionality
Legal CRM makes it easy to track the client’s or contact actions: when they reach a particular stage or submit an online form on the website, they subscribe to emails, etc.
It helps you automate parts of your law firm contact management processes and tailor workflows that suit your business needs.
The process of choosing legal CRM should be two-fold. On the one hand, you need to compare several CRMs for legal services to get familiar with the benefits and features they offer.
On the other hand, you need to analyze how your law firm operates and how legal CRM will support and automate your workflow.
Therefore, the proven to-do list for choosing legal CRM covers the following:
Now, when you have a list of steps to think about before choosing a legal CRM software, we want to share our top 7 CRMs for law firms.
As the world’s #1 CRM, Salesforce boosts the business of thousands of companies around the world. Salesforce CRM assists law firms in managing relationships with prospective clients by promoting interaction.
With data processing and report automation, law firms optimize their efficiency and produce more profits through structured and simplified marketing campaigns.
Additionally, Salesforce CRM minimizes the volume of documentation between the firm’s clients and the jury for law firms.
Salesforce benefits for lawyers:
Salesforce doesn’t have a prebuilt version for lawyers so you should create the necessary objects and fields on your own or hire a Salesforce consulting partner.
If you are not ready to invest in Salesforce customization, then you should consider Litify.
Litify is a practice management platform for law firms. Built on Salesforce — the world’s most secure and flexible platform — it helps manage and automate marketing, CRM, intake, matters, documents, referrals, reporting, and finances.
Advantages of Litify CRM for lawyers:
HubSpot CRM system helps you standardize the workflow of your legal business and automate tasks like data entry, scheduling follow-ups with your clients, etc. It empowers legal firms to generate more leads and interact with them through automated marketing activities.
Advantages of HubSpot CRM for lawyers:
HubSpot doesn’t have legal functionality, but it is easy to customize it if you don’t have lots of customization requirements.
LegallyCRM is a Polish-based CRM provider that offers affordable, no-frills CRM services tailored to the requirements of the legal industry. LegallyCRM helps in document management, contact management, optimizes communication with clients, etc.
Advantages of LegallyCRM for lawyers:
Clio is legal practice management and client intake software for legal companies. Clio lets you manage your law firm securely from anywhere. Also, it offers an entire suite of tools covering the client’s journey from intake to invoice. The team behind Clio understands the specific pressures and pain points of legal practices making this CRM user-oriented.
Advantages of Clio software for lawyers:
InterAction by LexisNexis is a CRM that provides large law companies with client insights. It helps law firms manage business relationships by incorporating insight into their sales activities.
Tracking engagement scoring analyses relationships among prospects, identifying key relationships that can lead to new opportunities.
Advantages of InterAction CRM for lawyers:
PracticePanther is a law practice management software that works well for law companies of all sizes. The software contains time tracking capabilities, expense management features, billing capabilities, payment processing functionality, and more. All these functionalities are integrated into an intuitive and user-friendly interface.
Advantages of PracticePanther software for law firms:
To win the race in the post-COVID market of CRM-equipped law firms, you need to find an experienced CRM consultant that helps you to choose CRM with strong incentives and achievable usage.
Ascendix is a reliable provider of CRM consulting services and custom CRM development that has been working within the various industries for more than 25 years.
Ascendix Technologies is a certified Salesforce, AppExchange, Dynamics 365 partner and has multiple certifications and awards that prove our expertise.
The company provides CRM consulting services in three main vectors:
Ascendix takes care of clients and doesn’t offer solutions without conducting an in-depth business analysis. The company’s CRM consultants work thoroughly to find a genuine alignment between each lawyer’s personal goals and those of your firm.
At Ascendix, we aim to provide your law firm/department with win-win solutions. We start with an in-depth analysis of your current systems, how you’re using them, and what parts need to be improved.
Ascendix believes that the approaches for legal CRM adoption is the #1 consideration when choosing your firm’s CRM consultant. That’s why we have a wide variety of Salesforce consulting services:
Nowadays, the legal sector is experiencing a rapid shift. For modern law firms, CRM is the rule, not the exception. Any firm that still lacks a CRM consultant is about to be left behind in a big way.
Ascendix wants to make your law firm a high performer that achieves better year-over-year performance.
As a CRM consulting company, we can prove that legal CRM can take the headache out of routine tasks like follow-up, entering client data, generating complex legal documents, scheduling appointments, etc.
Our CRM consultants can help your law professionals spend less time of their workweek on menial administrative tasks by adapting a suitable CRM in your law firm.
If you are interested in transforming your law business using CRM, feel free to check our case studies and contact us. We will be glad to provide you with a professional legal CRM consultancy to move to a new CRM platform that meets your business needs.
Kateryna creates engaging content about Salesforce consulting, Ascendix products, and CRM best practices for the commercial real estate industry and legal services. Her articles provide readers with relevant data, stats, business tricks and overviews of new industry trends and CRM updates.
(35 votes, average: 4.90 out of 5)
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Fantastic guide on choosing the right legal CRM! Clear, insightful, and packed with practical tips.
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This article provides valuable insights into selecting the right CRM for legal professionals. The comprehensive breakdown of features and considerations simplifies the decision-making process. Thanks for shedding light on such a crucial aspect of legal practice!
Thanks for your feedback! It’s a pleasure to get a review from an industry-expert.