Finance

Jess Carey Posted By Jess Carey
from Burlington Media

There is no doubt that at the start of this year, none of us were aware of the COVID-19 crisis that was just around the corner and how this would ultimately impact on us, both professionally and personally. The legal industry was no different, law firms had to swiftly respond to the lockdown restrictions imposed on certain businesses, and with it have their systems and processes tested in a way that was unprecedented.

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Top 100 UK law firm, Ward Hadaway, has chosen BigHand’s template management solution, BigHand Outline, to standardise document templates and streamline document creation in the firm.

Jonathan Smith, Director of IT at Ward Hadaway explains, “After a thorough review of the market, we knew BigHand Outline was the solution for us, after we saw just how simple it is to use and how easy the implementation and training would be.”

Many of the sessions at ILTA>ON discussed using data in your law firm. Your firm is sitting on mountains of data, all of which is ready for powerful decision making. Is your law firm taking the initiative to leverage data effectively? It’s time to start providing metrics and managing the key performance indicators to sustain or improve the health of your firm.  Take advantage of an off the shelf system that provides you with these metrics quickly and efficiently.

Thomson Reuters Elite, part of the Legal Professionals division of Thomson Reuters, today released the newest version of 3E® Data Insights with updates designed to enhance reporting and improve the user experience.

Data Insights 2020.1 adds the ability for multi-persona reporting which allows firms to view the performance of fee earners across their various personas all in one report. In addition, updated reporting content provides consistent and transparent insight into firm performance.

Jess Carey Posted By Jess Carey
from Burlington Media

Wilson Allen, provider of software, services, and expertise that help law firms and professional services organizations enhance business performance, and Capensys, a leading  provider of software training services and technology, today announced the formation of a strategic training services alliance. Together, Wilson Allen and Capensys will align to help firms accelerate user adoption of technology, streamline change management, and rigorously enforce information security practices.

Jess Carey Posted By Jess Carey
from Burlington Media

The global pandemic and remote working has increased the need for law firms to standardise document creation, new industry research says.

A new industry whitepaper from BigHand, featuring commentary from several law firm experts, has highlighted the need for firms to standardise document creation and assess document tools in the current climate.

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With remote working being the norm these days, lawyers and law firms face many real and perceived obstacles to developing new business and expanding client relationships. Prior to the COVID-19 crisis, most law firms and lawyers invested heavily in, and relied mainly on, in-person lunches, meetings, and events for business development. These traditional methods are not an option in the current environment. 

Jess Carey Posted By Jess Carey
from Burlington Media

In our most recent blog post, we addressed a few examples of knowledge gaps that can impede law firms’ ability to understand their levels of profitability. It covered a few best practices that can help your firm collect the right data and make more informed decisions about clients and matters—and do so quickly.

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Aderant, a global industry leader in providing comprehensive law practice management software, is pleased to announce further expansion of Aderant Expert as a cloud service to Canada. Fueled by client demand and a growing trend toward a service model of support and upgrades, Expert Sierra can now be deployed in compliance with Canadian regulations.

BigHand Quantum Self Service (QSS) is a cube-based self-serve analytics tool aimed at power users within legal finance teams.

 

With QSS in place, users will have access to data directly through any visualisation tool of choice (including PowerBI) to find all required data easily, without needing to consult a SQL specialist. The new development means that legal finance teams will be able to drill into key financial metrics to make more informed business decisions, backed by meaningful data, to drive profitability.

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