For several years, industry experts have called for a move to a centralized risk-management function in law firms. As merger activity intensifies and law firms look to lateral hires and international expansion to drive continued growth, they are faced with more complex regulatory requirements and conflicts considerations. Current approaches – distributed, ad hoc, and largely manual — result in […]

Winning business with data-driven insights In the client-empowered era, revenue growth has become increasingly difficult. Legal clients are scrutinizing their spending and are well informed about prices, value, and competitive alternatives. These market dynamics require insight-driven business development strategies that create greater value and efficiency. However, marketing organizations can only provide these insights if they have greater transparency into the client lifecycle, along […]

In the years before the financial crisis, being a CFO of a law firm was (for the large part) about crunching numbers. With an hourly rate structure, it wasn’t as complex as some industries and for the large part CFOs supported strategic decisions rather than made them. However, an increasingly competitive market post-crash, and a […]

Picture the scene. Fancy Investments Inc. (a potentially exciting new client) has decided that they need to review their external counsel. They are looking for a firm to advise their asset management team on regulatory and tax management issues. Their Procurement Manager has got hold of the Senior Partner at your firm to request (amongst […]

Following recent announcements of high profile insurers existing from the solicitor’s professional indemnity insurance market, many firms may be struggling to get cover or may not have received renewal terms at all. What should you do next? For any firm potentially impacted by increased premiums, no renewal terms received or struggling to get cover now […]

Ignition Law is a Virtual Law firm, they’re rapidly growing, have an entrepreneurial spirit and are digitally driven. Like all law firms, they need the right tools and systems to enable them to grow and grow fast, as they’re experiencing 60% year on year growth. See how Actionstep helps the business keep up with the […]

Due to the sensitive nature of client data, Cybersecurity is especially relevant in the legal sector.  Law firms need to know that their IT and Software providers are experts in this field. We have identified four questions on security you should cover with your legal software supplier. 1. What are your accreditations? ISO 27001 is considered best practice […]

AI-powered application reduces search time from hours to seconds for more than 750,000 documents from the firm’s global offices in 20 countries. iManage, the company dedicated to transforming how professionals work, today announced that Linklaters LLP, an elite London-headquartered global law firm, has launched MatterExplorer, an AI-powered search and knowledge management system, reducing search time […]

By Todd Miller, Vice President, Practice Group Leader at Intapp It’s not news that there is churn in the legal CRM market these days. Though hundreds of firms have invested heavily in tech intended to drive up revenue, for most, there has been a fundamental disconnect between that intention and the outcome. The systems that […]

Debevoise & Plimpton LLP has chosen Aderant Expert for its practice management software. A premier law firm with over 700 lawyers in nine offices on three continents, Debevoise sought a reliable business partner to support its market leading global practices. After a comprehensive evaluation of offerings, Aderant Expert was the firm’s choice for improving efficiency […]

Business critical documents such as client pitches can take up a considerable amount of time and hard work. A law firm can typically spend hundreds of non-billable hours each year creating client pitches. Automation can play a huge part in improving productivity and efficiency. By automating key documents drafting tasks and alleviating these form your […]

Tikit, a global provider of technology solutions to legal firms, today announced a new version of their time recording solution, Carpe Diem version 7.3, with some enhanced features that include a new calendar view. The new version of Carpe Diem will include a unique user interface in the style of an Outlook calendar view where […]

For those who have been watching the evolution of Google’s local search pack that sits above organic results on a typical S.E.R.P. page, there may be another seismic shift on the near-horizon. Over the years we have seen that crucial bit of contested digital real estate devolve from a 10 pack to a 7 pack to […]