As we have noted in recent blogs, data collection and analysis is essential to the long term success of your business. Whether it be profitability analysis or looking for ways to improve processes, data guides the process. However, data analysis is not something to jump into blindly. While working on drawing meaningful conclusions from your data, […]

For the past few blogs, we have been highlighting the importance of data in law firms. Not only how it is collected and stored, but why. We have shown the importance of evaluating the quality and accuracy of your sources. We have also looked at how good data can keep budgets on track in a huge variety […]

For the last few blogs, we’ve been discussing the importance of data management. A good data governance policy not only identifies how to collect and store data, but why. Data governance is becoming increasingly important, particularly as the legal profession is becoming increasingly data-driven. Clients are demanding transparency and an end to billing by the […]

Last week’s blog, on the importance of Data Governance, looked at how and why law firms use data. We stressed how essential it is to have a Data Governance plan, not only for safeguarding the data you collect, but also to use it to improve the business of law. For many law firms, this will entail […]

Data Governance has had something of a resurgence in public consciousness in recent years. Horror stories of Amazon and Google using humans (rather than the more impersonal AI) to listen to your conversations to optimise performance have taken over the media. In large part, poor communication about who or what uses your personal information have fuelled these […]

Cross-selling pervades most industries. From Zara attempting to push the latest homewares on you, to Apple foisting another wearable on the market. However, within the legal industry, cross-selling is relatively unsuccessful. But why? Cross-selling, when successful, is of huge value to a law firm. In previous blogs we looked at research which demonstrated cross-selling by one or […]

Operational excellence. Attendees of this year’s legal(tech) conference circuit will be no stranger to the term. It has become the new holy grail of both in-house counsel and their law firm counterparts. Put simply, it is the desire to get work done faster, smarter and more efficiently. No wonder, then, that clients are increasingly demanding […]

Law firms pursuing too many new business opportunities is adversely impacting their business development efforts, according to a study released today by LexisNexis InterAction. This lack of focus and poor prospect targeting was among the top obstacles for business development success, along with a lack of follow-up and heavy competition. As was the case during […]

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 first two reports include Accounts Receivable and Rejection Summary and are a direct […]

Following an insightful and engaging series of Agile Firm events in Bristol, Manchester and London, which saw over 200 firms register from across the UK, that’s a wrap for 2019! Our thanks go to our co-hosts Claremont for helping share the story and process of agile working; Womble Bond Dickinson, Shoosmiths and DAC Beachcroft for […]

One of the weaknesses of the partnership model as a business structure is that it is less open to public scrutiny than businesses with external investors. Law firms may employ experts in the areas of IT, finance, marketing and HR but they don’t always have to take their advice. The advent of non-lawyer partners has […]

Leading law firms choose Advanced’s ALB Practice and Case Management Solution 9th December 2019 – The appetite for next generation technology amongst legal firms shows no signs of slowing down, as Advanced today announces that more than 700 law firms have now adopted its ALB Practice and Case Management System. The most recent firm – […]

Our UK team has been actively making connections and meeting customers throughout the busy autumn LegalTech events & networking season in London, including Legal Support Network, NetDocuments Elevate EMEA 2019, Legal Innovators and Legal Geek. These events brought together the top minds and leaders in Legal Technology in the form of talks, presentations, panels and networking. Here are some […]