Iridium Technology ask: is your law firm tracking the right KPIs?

Law firms, like any other business, must continuously track their key performance indicators (KPIs). These metrics go far past the Billable Hours metric that most attorneys track closely and are a great way to help legal teams better manage revenue and expenses. KPIs provide law firm partners and administrators with data analytics that provide an overview of […]

Iridium Technology: 5 revenue metrics all law firm leaders need to know and track

Law firms are in the business of helping people, but they are still businesses. Large law firms have teams of people working on analyzing and investigating their performance on key metrics. Smaller law firms, on the other hand, may struggle to allocate adequate resources to analyzing their financial metrics. Regardless of firm size, there are […]

Enable discuss: why time entry is so hard and what law firms can do about it

Time recording in law firms should be second nature to a fee earner, as this is fundamentally how a firm knows what to charge their client and enables the firm to understand the activity of their staff. With this being the case it should be expected that time recording and doing so properly is a […]

The 2019 Legal Lab Executive Summary, from HBR Consulting

Legal Lab 2019, HBR’s fifth annual gathering of leaders from leading law departments and law firms, marked a turning point from prior years where we were poised on the brink of change in the legal industry. Alignment and collaboration between law departments and law firms were the themes of this year’s Legal Lab. As the […]

Implementing a law firm records disposition program, from HBR Consulting

Managing a records retention and disposition program is one of the chronic challenges for any organization in the information age. Businesses and government agencies of all sizes are seeking to implement or improve these programs due to increased risk of cybercrime and data breaches, the complexities of complying with a variety of data privacy laws […]

Five reasons to build your law firm’s IT security framework on NIST standards

Law firms are daily targets for cybercrime and targeted data breaches. Criminals are keenly aware thatlaw firms can be a “back door” to valuable confidential data, such as trade secrets, intellectual propertyand financial information related to potential business deals. In fact, 23 percent of law firms reportedthat they have been the victim of a data […]

HBR Consulting discuss: How law firms and law departments can harness innovation

In a profession enamored with centuries-old precedent, the term “legal innovation” has long been an oxymoron. Lawyers were commonly—and often rightly—perceived as too stagnant and tradition-bound to embrace radical change. But more recently, legal innovation has taken off, garnering extensive buzz in the industry. The “innovation” label has been slapped on everything from alternative fee […]

Fit more billable hours in the day with DocsCorp

Free eBook: Productivity solutions that help lawyers fit more billable hours in the day  How to make every minute count.  Working smarter, not harder is the secret to maximising billable hours. Too many billable hours are wasted on time-consuming administrative tasks. See how productivity solutions can help you get the job done in one step instead of […]

The new SRA standards, Alex Williams at Tikit discusses

On 25 November 2019, the Solicitors Regulation Authority (SRA) will launch its new regulatory model – but what does this mean for firms? In essence, it will allow solicitors greater flexibility in how they work. It will remove many prescriptive rules and take the burden off law firms, meaning their solicitors have freedom to use […]

Cloud prospects: Nick Hayne at Quiss discusses

Nick Hayne, the data master, answers some key questions around cloud provisioning and managed service providers (MSP) relations Q. When talking to law firms, do you find they all want cloud solutions? A. There are any number of reasons law firms are seeking to engage managed service providers and typically cloud features somewhere in the […]