Finance Resources

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Downloadable and online resources about finance from LSN and our networkpartners.

  • How to use this extended period of uncertainty positively for your career

    There are a million videos and articles about staying mentally well and physically healthy during this time, but what people can do to use this time in a positive way to help their career or boost their skillset.
  • Alternative Legal Service providers: how are law departments using them?

    The 2019 HBR Consulting Law Department Survey found that corporate law departments are shifting their focus to adopting innovative legal service delivery practices, such as the increased use of other service providers, including alternative legal service providers (ALSPs).
  • COVID-19 supply chain response plan for law firms

    With the support of their procurement functions, firms can navigate the supply chain issues they face in the immediate environment, as well as prepare for ongoing expense management as the legal industry emerges from the current situation.
  • Legal’s pressing opportunity to advance the new normal: strategic focal points

    What began as a temporary disturbance to how companies and law firms operate has all indications of settling into a “new normal.”
  • HBR Consulting: Analytics maturity in legal organizations: Lessons from “The Karate Kid”

    Many corporate law departments and law firms are legal analytics novices: they have not yet developed the ability to ground their guidance in historical data, measurement and statistics. In order to do so, they must incrementally increase their capacity to capture, organize and analyze data related to the practice of law, much like a karate student learns fundamental skills before building upon that knowledge to advance from level to level.
  • HBR Consulting: Creating a culture of privacy

    Complying With Domestic and Global Requirements by Changing the Way We Value Data Privacy
  • 2019 Law Department Survey: Key takeaways from HBR Consulting

    Law departments are maximizing internal staff and embracing innovative resourcing strategies as legal needs continue to rise. This infographic summarizes the key takeaways from the 2019 HBR Law Department Survey.
  • HBR Consulting: How Can Firms Punch Above Their Weight?

    It is an increasingly competitive market for law firms. Law departments are bringing more work in house, continuing to consolidate the number of outside firms they use, and sending more work to alternative legal service providers. To differentiate themselves, law firms of all sizes are seeking strategies to provide increased value to their clients, while simultaneously increasing profitability.
  • Automating the un-billable hour for greater efficiency with Enable

    Law firms are all too aware of the strain that crucial but unbillable tasks such as marketing, time management and pitch development have on revenue loss.
  • Iridium Technology discuss avoiding errors: Why the law firm CFO must use legal automation software

    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.
  • The next five years: future of legal technology, legal business report by Aderant

    Four years ago, we introduced a thesis called “Your Firm 2020.” At the time, we predicted the majority of law firms will expect legal technology to support better automation, mobility, and collaboration. We also noted that cybersecurity would be one of the most pressing concerns. As we publish this paper, we’re closing in on the final quarter of 2019 and we think those forecasts have largely played out.
  • 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 performance for the total firm and across the various firm “slices” such as by timekeeper, practice group, or office. To get the maximum benefit from tracking KPIs, law firms must choose their KPIs wisely. Below are the KPIs that every law firm should track to boost firm revenue and profitability.
  • 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 specific metrics that the firms must track and publish to their attorneys. It is ironic that some attorneys want to focus on spending time with their clients, but if they don’t focus enough on their financial metrics they may not have enough clients to spend time with! To ensure that the firm is financially profitable and growing their client base, it is important that every law firm tracks five essential sets of metrics.
  • 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.
  • 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 and regulations worldwide that dictate how long personally identifiable data can be retained, and the desire to reduce their data footprint in order to cut back on their storage expenses however possible.