Finance

Aderant, the number one choice in legal practice management among the AmLaw 200, is pleased to announce that Cole, Scott & Kissane has selected iTimekeep and OCG Live as their time entry and compliance solutions. As a long time Aderant Expert client, Cole, Scott & Kissane were certain they made the right choice. 

Your 2019 profitability analysis will soon be behind you, and regardless of the outcome, there is always an opportunity to make improvements.  Let’s jump into the new year with a renewed focus on profitability through our Legal IT Experts’ Profitability Webinar Series. This webinar series is a collaboration between Iridium Technology, LawVision, and Concata – three of the leading profitability and financial analytics advisors to global and regional law firms.

More and more, data visualization is becoming a key component of all industries – especially the legal industry. Data-driven business is booming and keeping up with the trend not only benefits your law firm, it also benefits your clients. As we continue into an age of transparency, clients and lawyers alike want access to specific data regarding their cases, billable hours, and financial success of the firm. Data visualization and storytelling can help to create this transparency, keeping your lawyers and clients happy.

Finding the correct and up-to-date content to insert into a prospective client's RFI/RFP or tender document can be difficult, time consuming and stressful. Enable saw that in addition to the ability to produce high quality branded pitch and proposal documentation, for the complete proposal solution, it is also necessary to be able to respond to client-provided templates. Enable therefore further developed their PitchPerfect solution to encompass the ability to streamline the request for proposal process allowing your firm more time to tailor specific content when giving responses.

Aderant, a global leader in law firm software, announced today the acquisition of Bellefield, a market leader in helping lawyers recover more billable time and grow revenue. The acquisition is a continuation of Aderant’s commitment to cloud solutions for law firms and the growing market for compliance with Outside Counsel Guidelines (OCG). It further broadens Aderant’s solutions and expands its ability to support law firms regardless of their practice management solution.  

Thomson Reuters Elite, part of the Legal Professionals division of Thomson Reuters, today announced an expansion of its partnership agreement with Wilson Allen, provider of consulting services and software that enable professional services firms to enhance business performance.

Thomson Reuters today announced the launch of eBillingHub® Insights, actionable reports that deliver vital data in easy-to-read graphical reports that replace table-only reporting. The new reports are the first deliverable in a robust strategy of delivering more value to eBillingHub clients.

The billing model for law firms has been changing over recent years. As clients want more transparency, law firms have been forced to modify their billing models to include fixed fees, capped fees, and other alternative fee arrangements (AFAs). This can be difficult, particularly for law firms that have relied almost exclusively on hourly billing for decades. Business intelligence (BI) tools can help law firms to navigate the changes in the legal billing model, enabling them to embrace AFA engagements.

The problem with the traditonal law firm business model

Thomson Reuters Elite, part of the Legal Professionals division of Thomson Reuters, today announced a new Technology Partnership with MHR International, a global software and consultancy company specializing in HR, payroll, employee experience, data analytics, and artificial intelligence services. The partnership will benefit users of 3E®, the market-leading enterprise business management solution from Elite.

Automation is becoming so important for law firms today that even the American Bar Association is encouraging more legal professionals to adopt business automation services. Legal automation software makes law firms more efficient, more profitable, and gives attorneys and staff more time to focus on clients by simplifying processes essential to day-to-day operations. Once you discover the many benefits of automating the different processes in your law firm, you’ll realize the rewards of doing so, as well. 

INCREASED EFFICIENCY MEANS FEWER MISTAKES

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