Clocktimizer: Can I use data to help me build better budgets?

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

For the last few blogs, we’ve been discussing the importance of data management. A good data governance policy not only identifies how to collect and store data, but why. Data governance is becoming increasingly important, particularly as...

Clocktimizer: Are phase and task codes really accurate?

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

Last week’s blog, on the importance of Data Governance, looked at how and why law firms use data. We stressed how essential it is to have a Data Governance plan, not only for safeguarding the data you collect, but also to use...

Clocktimizer: Why Data Governance shouldn’t be sending you to sleep

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

Data Governance has had something of a resurgence in public consciousness in recent years. Horror stories of Amazon and Google using humans (rather than the more impersonal AI) to listen to your conversations to optimise...

Clocktimizer: Cross-selling – The big win? Or the big bust?

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

Cross-selling pervades most industries. From Zara attempting to push the latest homewares on you, to Apple foisting another wearable on the market. However, within the legal industry, cross-selling is relatively unsuccessful. But why? Cross-...

Clocktimizer: Why operational excellence is more than just the latest legal buzzword

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

Operational excellence. Attendees of this year’s legal(tech) conference circuit will be no stranger to the term. It has become the new holy grail of both in-house counsel and their law firm counterparts. Put simply, it is the desire to get...

Clocktimizer shares the current state of Legal Project Management

Case Study - 11/09/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Practice Management, Practice Management

Firms often run countless numbers of complex matters at once. Keeping track of all this; the wins, the losses, whether something is over or under budget; is impossible without good project management. However, LPM’s are often held back...

Clocktimizer shares the new generation of legal CFO

News Article - 27/08/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

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...

Win new clients with data driven fee quotes from Clocktimizer

News Article - 27/08/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

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....

Top of the clocks

Case Study - 17/05/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Technology

As some wise person once said, necessity is often the mother of invention. Stephen Allen, global head of legal operations and innovation lead at Hogan Lovells, explains that Clocktimizer, which his firm has been using to wrangle and enrich its...

An introduction to machine learning – part three

Resource - 31/01/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Technology

Nearly everyone who keeps up to date with technological developments has heard of the term ‘machine learning’. It’s a nice buzzword that is being used more and more in recent years. But what does machine learning actually entail...

An introduction to machine learning - Part 2 (A history lesson)

Resource - 28/01/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Technology

Nearly everyone who keeps up to date with technological developments has heard of the term ‘machine learning’. It’s a nice buzzword that is being used more and more in recent years. But what does machine learning actually entail...

Clocktimizer: An introduction to machine learning - Part 1

Resource - 22/01/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Technology

Nearly everyone who keeps up to date with technological developments has heard of the term ‘machine learning’. It’s a nice buzzword that is being used more and more in recent years. But what does machine learning actually entail...

Clocktimizer

Network Partner - 16/01/2019 : budgets, business intelligence, machine learning, Matter Management, pricing

Clocktimizer structures your firm’s most valuable data. Its algorithms categorise law firm narratives into activities to ensure  data driven matter management, budgeting and pricing.

From scoping and building project plans to...

Briefing December 2017: Legal IT Landscapes 2018

Resource - 07/12/2017 : AI, artificial intelligence, automation, board, Briefing Legal IT Landscapes 2018 report, briefing magazine, imanage, legal it, legal technology, machine learning, netdocuments, phoenix business solutions, tikit, top 100 law firms, Technology

How does your firm compare to peers when it comes to investment in uncovering the seeds of game-changing innovation? What’s the gap between your current levels of business process automation and the automation you think you could achieve...

Briefing Frontiers – Analytical futures: Making data more available, more visible and more actionable

Event - 05/12/2017 : artificial intelligence, BI, big data, Briefing Frontiers, Brifeing magazine, business intelligence, Central London, data analytics, finance analytics, Historic matter data, Iridium Technology, machine learning, pricing analytics, the future of legal, Wilson Legal Solutions, Finance, Conferences, Knowledge Management, Marketing & BD, Technology, Practice Management

Making data work harder, smarter and faster for both management information and pricing, as well as delivering data and value to clients, means gazing into the future of analytics. Can AI be used to price all legal services better than lawyers?...