News

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 decisions rather than made them. However, an increasingly competitive market post-crash, and a change in perspective on firm billing has moved the goalposts. CFOs now must design financial strategies to make the business more competitive, understand new fee structures and ensure they are sustainable. Technology, more than ever, is essential to supporting and informing them. Welcome to the new generation of legal CFOs.

Following recent announcements of high profile insurers existing from the solicitor’s professional indemnity insurance market, many firms may be struggling to get cover or may not have received renewal terms at all.

It’s not news that there is churn in the legal CRM market these days. Though hundreds of firms have invested heavily in tech intended to drive up revenue, for most, there has been a fundamental disconnect between that intention and the outcome. The systems that were supposed to make the rain fall have instead largely soaked up margins without yielding a measurable ROI.

Tikit, a global provider of technology solutions to legal firms, today announced a new version of their time recording solution, Carpe Diem version 7.3, with some enhanced features that include a new calendar view.

Tikit, a global provider of technology solutions to legal firms, today announced a new partnership with Enable to resell their PitchPerfect solution.

Catalyzed by 2018 strategic merger, Wilson’s focus on streamlining end-to-end client life cycle management for law firms continues to resonate with a rapidly evolving industry