Digital prebilling reduces costs and boosts profits with Intapp

A reliable way law firms can improve their revenue without adding new work or new clients is to implement digital prebilling for improved realization. Below we elaborate on how digital prebilling increases your law firm revenue and profits.

Precision matters: How to stop profit-killing inaccuracies according to Advanced Legal

In an industry where profits are squeezed and matters are scrutinised as closely as they are in the legal profession, the importance of driving efficiency into the practice’s day-to-day processes is the difference between being profitable and struggling to remain competitive. In this push for greater efficiency comes accuracy.

Discover the three competitive advantages law firms gain from collaboration technology with Intapp

Law firm profits are falling; clients are dropping law firms due to inadequate client service; and associates are leaving law firms in droves. But what if implementing one change could help address each of these problems?

Law firm profits continued to slide in Q4 2022: Thomson Reuters Law Firm Financial Index

Law firm profitability fell for a fifth consecutive quarter in Q4 2022, according to the Q4 2022 Thomson Reuters Law Firm Financial Index (LFFI) powered by Financial Insights.

LEAP: What is meant by a Single Source of Truth and why is it fundamental to the success of your law firm?

Many law firms continue to struggle with multiple sources of information, disconnected databases and inaccurate records, this has an extremely detrimental effect on profits and negatively impacts the service levels they can offer clients.

Iridium: 2022 law firm outlook – Driving profits with targeted finance control, BI analytics and automation

Uncertain. Unpredictable. Volatile. These words describe the outlook of some law firm leaders since 2020, when the pandemic drove consumer and business digital adoption to advance five years forward in about eight weeks.

Iridium Technology: Law firm timekeeping software – Understanding and improving the relationships that drive profits

With the latest advancements that are now available in law firm timekeeping software, the legal profession’s long-required practice of relentlessly tracking every work-related activity can finally pay off ten-fold.

Webinar: Close deals from anywhere, with ease, and higher profit margins with Litera Transact

Join Emma Vertigen and Valerie Pennacchio on 17th November at 10:00 am CST to learn how Litera Transact revolutionizes each stage of the deal lifecycle to help legal teams get deals done more securely, efficiently, and collaboratively while boosting profits and amazing clients.

MHA: Professional practices – Proposed change of taxation basis (CITB) for the self-employed, partnerships and LLP’s

The current year basis (“CYB”) of assessment of self-employed and partnership profits came to us about a quarter of a century ago, replacing the previous and highly anachronistic ‘previous year basis’ of assessment.

Intelligent Office UK: Top five operational trends that successful law firms are embracing

In the lead up to a post-pandemic world, law firms are thinking about the best ways to respond to the most urgent operational questions that would improve firm profits and fee earner efficiency in the most cost-efficient manner.