Posts Tagged ‘court reporting’

Are you in Word Index trouble?

Tuesday, February 16th, 2010

Avoid a lawsuit by following this advice

When it comes to handling word indexes, does your agency fall under one of the following categories?

  1. You provide word indexes (usually with condensed transcripts) to clients free of charge.
  2. You provide word indexes (usually with condensed transcripts) for a flat fee (e.g., $25).
  3. You provide word indexes (as part of standard transcripts) at the same per page rate as you charge for the transcripts themselves.

If you answered “#3,” then you could be vulnerable to lawsuits unless your rate sheet fully discloses your billing policies concerning word indexes.

Lawsuits have already been filed

This is already happening to other firms. Several class action lawsuits are pending in federal courts that contend that court reporting firms are padding their bills by charging full per-page prices for word indexes without full disclosure.

Here are my observations as to why it will be difficult to justify the practice of charging full price without disclosing that up-front:

  • The word index is not a part of the record prepared by a court reporter.
  • The word index is generated by a computer program, not by a court reporter.
  • The court reporter usually is not paid for the word index.
  • The total page count is different from what the reporter turned in.
  • The client usually isn’t aware of the practice.

Protect yourself

I recommend that you go for peace of mind with full disclosure even though it might hurt your bottom line. Include word indexes for free with condensed transcripts, and use that as your marketing edge. You’ll be more attractive to clients and less attractive to lawsuits.

Yong’s Top Tips for 2010

Wednesday, February 10th, 2010

Introduction

[This introduction & 3 tips are reprinted from OMTI's brochure for the 2010 NCRA Firm Owners Executive Conference, held Feb. 3-5 in Orlando, FL.]

I wanted to give you my top three tips for ensuring your business will survive and thrive in 2010.

Last year was a tough one for many court reporting firms. It was the worst I’ve seen my clients experience in my 25 years of developing software and services for managing and marketing legal support businesses.

While the overall economy is slowly improving, I foresee continued tough times for your industry. The legal industry is experiencing stagnant business growth so cost containment is one area they are focusing on, leading many firms to drop longtime vendors in the hopes of lowering their outside costs.

At the same time, they are also more open than ever to new ways of doing business and using technology to save money and improve their own services. So in spite of the disturbing trend of disappearing loyalty, there is still business for you out there, but only if you do everything you can to cut costs, maximize efficiency, provide relevant services and communicate effectively.

I believe you can be successful in 2010, and to help you hold onto your clients, win new clients and improve your business, I offer you my top tips for 2010 and best wishes for a prosperous year.

Sincerely,
Yong Lee, President & CEO
OMTI, developers of ReporterBase

Tip #1 | Tip #2 | Tip #3

Top Tip #3 for 2010

Wednesday, February 10th, 2010

It’s never too late to get a jump on the competition.

Since everything I’ve described is in RB already, you don’t have to start from scratch finding and adding the latest technology and offering the best services. So even if you feel like you’ve lost ground in the marketplace, you can come out ahead by incorporating RB into your business now.

And if you are hesitating to make such an investment in a down economy, think again:

  • We’ve been developing this system for 25 years, so you’ll have better tools than the big national firms’ proprietary systems.
  • You can rent the system instead of buying it, so you can get $10M software for as little as $125/mo.
  • If you don’t like it, you can cancel it at any time — you’re not stuck if it doesn’t work for you.
  • You can add all the web and mobile features with RB Web for a flat $199/mo. for all of your clients. And if you have only one client who needs an online repository for one case, you can add RB Web to meet their needs. Then when they don’t need it anymore, you can cancel the online services.

Keep your clients and win new clients by offering cutting-edge online services and competitive prices for all of your services with the help of powerful RB tools.

Move your business forward in 2010

While you might have spent 2009 in business survival mode, 2010 should be different.

Be pro-active and talk to your clients now about what you can do to help them control costs and take advantage of the benefits of new technology. Don’t let your clients forget you or wait until they drop you before you contact them about how you can work together to succeed in a difficult business environment.

And as we have for the past 25 years, OMTI is here to help you control your own costs and provide valuable services that lawyers want. We understand your industry and new technology, and actively work with our clients to continue to develop RB to meet the ever-changing needs of court reporting and other legal support firms.

To find out more, visit our website or contact us today.

Tip #1 | Tip #2