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In a world where social media sites such as Twitter and Facebook is increasingly driving popular discourse, it no longer makes any business sense for lawyers to not have a social media presence.
In a tight business environment, any financial losses that can be prevented would obviously be invaluable for all firms wishing to maximise their profits.
On 1 July 2016, the Office of State Revenue (OSR) will no longer assess at the counter or through the mail conveyancing documents processed on Electronic Duties Returns (EDR). Documents received after 1 July will be returned by the OSR and will not be assessed. Practitioners may be able to register for EDR or engage the services of an authorised EDR Agent or approved settlement rooms.
In an environment of increasing competition, law firms are under immense pressure to differentiate themselves from the crowd. Furthermore, firms are also increased pressure to provide value for money legal services with transparent pricing models, and new fee structures that move away from time-based billing from their clients.