RevenueManager: Ensure fee earners keep their time recording up to date

In a business that sells time, law firms know and understand that effective and accurate time recording is essential for profitability, and where there are fixed costs, understanding profitability. A poorly executed time recording policy and strategy will impact on the firm negatively.  Being able to monitor, understand, manage and enforce fee earners on their […]

Optimising cash flow management for law firms

A seamless cash flow is of paramount importance for law firms, as they receive 80 percent of their revenue from 20 percent of clients. These firms are the source of recurring revenue, and hence, retaining such clients in the long run is vital for legal organizations. However, due to various constraints such as an increase […]

Insight Legal now recognised by HMRC for making tax digital compliant software

Independent software company, Insight Legal Software has today announced it has been formally recognised by HMRC’s list of VAT compatible software products, ahead of the upcoming Making Tax Digital (MTD) regulation coming into effect on 1st April 2019. MTD is part of the government’s initiative to make it easier for businesses and sole operators to ensure they get their […]

Suppliers in the spotlight: A look at procurement priorities for law firms in 2019

  Procurement plays an essential role in law firms’ ability to reduce and contain costs, manage risks and improve the level of supplier service delivery. Reflecting procurement’s rising value, a majority of law firms (67 percent) have established a procurement function, according to a Procurement Leader survey conducted in connection with HBR Consulting’s 2018 Law […]

The edge effect of the legal ecosystem

In ecology, the term “edge effect” refers to the boundary of two or more habitats. At the edge of two intersecting habitats scientists find greater diversity of life, including unique species that are specially adapted to the conditions of the zone where the two habitats come together. Today’s corporate law departments and law firms are […]

Only 55% UK legal firms will be prepared for Making Tax Digital regulation – Advanced survey reveals

HMRC wants to make it easier for getting VAT returns right first time, minimising costly mistakes, but latest Trends Report shows firms not ready Just 55% of law firms in the UK say they will be ready for Making Tax Digital which comes into force from 1st April, according to Advanced’s latest Trends Survey Report1. […]

Tikit Carpe Diem introduces Intelligent Time

Tikit, part of the BT Group and leading provider of technology solutions for law and professional services firms, today unveiled Intelligent Time as part of its flagship Carpe Diem timekeeping application. Intelligent Time has already been nominated as a finalist for the inaugural Legaltech Product Innovation Competition, taking place January 31 during Legalweek New York […]

HBR Consulting: LegalXchange 2018 executive summary

The legal industry is at an inflection point. Yes, we may still be discussing some of the same challenges that surfaced years ago in the legal ecosystem, but now we have a sense of “vuja dé” – seeing something familiar with a fresh perspective – a viewpoint that allows us to gain new insight from […]

MHA MacIntyre Hudson’s year end tax planning guide

    MHA’s Year End Tax Planning Guide summarises some key tax and financial planning tips which should be considered prior to the end of the tax year on 5 April 2019 or for companies, the end of the financial year on 31 March 2019. The guide covers the following topics:  Brexit Planning Income Tax […]

Brodies LLP chooses Aderant Expert

Aderant, the global industry leader in providing comprehensive business management software for law firms and other professional services organisations, announces that Brodies LLP, the largest independent law firm in Scotland has selected Aderant Expert. Brodies sought a best in class software solution to help the firm achieve its strategic goals. Aderant Expert was the clear […]