Forecast: Law firms will be cloud ready by 2021

  Law firms have long talked about the attractiveness of migrating their IT infrastructure to the cloud, but they have not made appreciable steps to date. This is due in large part to an understandable fear of negative client reaction, especially in regulated markets such as finance. In truth, restrictive outside counsel guidelines of even […]

Advancing the law firm IT function: How clients, the firm and IT pros all win

The number-one law firm IT challenge heading into 2019 had nothing to do with acquiring bigger servers or faster networks. The top law firm IT issue for this year was the strategic challenge of change management, according to the International Legal Technology’s Association 2018 Legal Technology Survey. The ILTA survey report describes an evolution in the […]

Unlock the full potential of your law firm

Most law firms will time record, enabling them to keep a record of the time spent on handling matters for their clients, and to raise their charges, but how effective is your firms’ time recording policy? Other than charging client does your firm use the wealth of data that is available from your time recording […]

Harbottle & Lewis picks Aderant Expert

Harbottle & Lewis LLP, a leading UK-based law firm focused on the Private Client and TME sectors, has chosen Aderant Expert as their new law practice management software. When their former practice management system reached the end of its life, Harbottle & Lewis LLP needed to find a future-proof solution. Aderant Expert was the clear […]

Law department analytics survey reports

The rise of data analytics has in the past decade substantially impacted how businesses operate and provide services. The legal industry, on the other hand, has been much slower to adopt analytics than other verticals. That is beginning to change, as interest and investment grows in legal organizations. Corporate law departments are increasingly embracing data […]

Preparing for the next economic cycle: Why law firms are looking to centers of excellence to increase operational efficiency

Although the predicted time frame varies, most business economists suggest that a recession is on the horizon within the next two years, according to a survey by the National Association for Business Economics released in late February. At the end of the year, many CFOs were predicting a recession in the U.S. by the end of this year, and […]

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 […]