Iridium Technology business intelligence tools help firms to navigate changes in the legal billing model

The billing model for law firms has been changing over recent years. As clients want more transparency, law firms have been forced to modify their billing models to include fixed fees, capped fees, and other alternative fee arrangements (AFAs). This can be difficult, particularly for law firms that have relied almost exclusively on hourly billing […]

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 […]

iManage RAVN enhances knowledge management for Womble Bond Dickinson

Global law firm leverages AI-powered search to unlock knowledge and relationships across its 1,000 lawyers and 65 million documents to help streamline financial operations iManage, the company dedicated to transforming how professionals work, today announced that Womble Bond Dickinson – a transatlantic law firm with more than 1,000 lawyers based in 27 UK and US […]

Interview with Johnny Jones – Implementation Lead at Enable

As co-sponsors of this month’s Document Excellence Day, which featured a terrific line-up of speakers on how to make your legal documents better, and with the interesting panel discussion on how to overcome resistance to technology changes; we speak to Johnny Jones – Implementation Lead at Enable –  to find out a little more on his […]

Rapid client growth fuels largest ever Aderant Momentum Europe Conference in London

With its notable addition of several new clients in the European region, Aderant hosted its largest ever annual EMEA client conference, Momentum Europe, on 15-16 October at the Royal Garden Hotel Kensington in London. Over the two-day event, attendees gained insight into the accelerating shifts for the legal industry and how evolving legal technology will […]

Automate policy, remove guesswork and improve efficiency with Enable Business Solutions

Ensuring your law firm has an accurate policy and process to track billable hours is crucial to a law firm’s existence both for justifying billing and, understanding and predicting WIP and profitability. Most firms have time recording systems in place, and detailed policies to ensure the fee earner and the firm meet their targets. However, […]

How revenue and billing transparency can improve law firm work culture, by Iridium Technology

For decades, law firms have charged their clients by the hour. It was a solution that seemed logical at the time. There is a lot that goes into working a case, and no way to tell how long it will take when an attorney begins to pursue one. As such, working a case and billing […]

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 […]

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 […]