Thomson Reuters looks at the changing role of the CFO

Today, the role of the Chief Financial Officer (CFO) within law firms is more demanding, broader based, and more critical than ever. CFOs must navigate an extremely challenging macro-economic landscape while keeping tight control of financial governance and operational excellence.

How to relieve the pressure on profitability – guidance from Advanced Legal

The current position for law firms in the UK in 2023 is not straightforward. The cost-of-living crisis is impacting on all areas of business. Energy bills have risen sharply, materials and services are more expensive, and lawyers are demanding bigger salaries as they feel the pinch at home.

Why practice management system training has to be better (and how to do it) says Report Factory

Usually, a forgotten or downgraded part of PMS implementations is the training of end users, of both the Finance Team and Operational Staff (Fee Earners and Support Staff). It’s rarely done well in our experience.

Cubes for reporting, good in theory says Report Factory, but……

Multi-dimensional analysis cubes (OLAP) have been around for a while now. They offer high speed analysis of lots of data, and present simple summaries and analytics in complex environments.

Katchr announces new partnership with insurance broker JMG

JM Glendinning’s Professional Risks business has entered into a strategic partnership with Katchr, provider of business intelligence to law firms, to expand its offering to their nationwide legal client base.

Thomson Reuters adds UK Supreme Court Dockets to Westlaw

Thomson Reuters is providing legal professionals with more comprehensive coverage of UK courts and access to real-time updates, expert editorial case analysis, and content sets unique to Westlaw UK.

Case study: Report Factory and Wedlake Bell move time

Wedlake Bell needed to discontinue their use of Rekoop Time and move to Intapp Time (Cloud) based on the removal of support by Microsoft of one of the underlying technologies used in the Rekoop solution (Microsoft Silverlight).

Webinar: Moving your firm’s financial and PMS to the cloud with Thomson Reuters – March 29th 10:00 AM CT | 4:00 PM UTC

Periods of uncertainty can consistently build apprehension within law firms, including the hesitation to move their financial and practice management system to the cloud.

What does a good gap analysis data roadmap process look like? Asks Iron Carrot

A gap analysis assesses the differences between an organisation’s actual and expected (or desired) performance. The term “gap” refers to the space between “where you are” – the present state, and “where you want to be” – the target or future state.

Why partner remuneration needs an overhaul (and perhaps lawyers as well)

I’ve long thought that the remuneration models in legal and professional service firms don’t really make sense. What seems to typically happen is that firms talk about the desired behaviours and outcomes they desire form Partners, and then reward them based on something entirely different.