Why Finance Shouldn’t Be Left Behind in Law Firm Transformations according to Fulcrum

This article was first published in Briefing magazine in September 2024.

Alison Regan, EVP global enterprise solution delivery at Fulcrum GT, makes the case for bringing a firm’s finance function to the foreground of the transformation journey to create a more agile, responsive and client-focused organisation.

Law firm management largely focuses on integrating cutting-edge technologies into client facing areas, such as legal research or client relationship management. However, one critical functional area is often overlooked in the transformation journey: finance. While finance systems are sometimes perceived as static or less glamorous as compared to client-facing innovations, this viewpoint risks missing a significant opportunity for enhanced operational efficiency and, ultimately, increased revenue generation. Successful firms know that finance should not be sidelined in transformations and that integrating advanced technologies into this function can drive substantial benefits for the firm, its lawyers and its clients.

Read the article in full here: https://knowledgebase.fulcrumgt.com/briefing-article-why-finance-shouldnt-be-left-behind-in-law-firm-transformations/