ILCA changes name to Institute of Legal Finance and Management

News Article - 19/01/2012 : billing, ilca, Finance, Finance

To keep in line with current developments in the world of legal finance, The Institute of Legal Cashiers and Administrators has today announced an innovative re-branding of the business name. With effect from Friday 12 November 2010, The...

Cravath unveils 2010 bonuses; Citi says US market flat but costs down

News Article - 19/01/2012 : billing, revenue, us law firms, Finance, Finance

Cravath Swaine & Moore has released the details of its year-end associate bonuses, becoming the first major US firm to reveal its hand this year, reports The Am Law Daily.

The awards, which will be paid out on 10 December, range from...

Berrymans Lace Mawer successfully implements Aderant Expert

News Article - 19/01/2012 : aderant, billing, financial management, practice management, profitability, Technology, Technology

Aderant, a global provider of business, financial, and information management software for law and professional services firms, today announced that national law firm Berrymans Lace Mawer LLP (BLM) has successfully completed the implementation of...

Partners working in "silos" pose major danger to law firms' risk management strategies

News Article - 19/01/2012 : billing, compliance, risk management, solicitors regulation authority, Risk & Compliance, Risk & Compliance

Lawyers working alone in "silos" present serious potential risks to law firms, but limiting partners' autonomy can harm your practice's bottom line, a conference heard last week.

Speakers at Managing Partner magazine's risk management for...

Aderant Matter Planning application now available

News Article - 19/01/2012 : aderant, billing, profitability, revenue, Technology, Technology

Aderant, a global provider of business, financial, and information management software for law and professional services firms, today announced the general availability of its newest Aderant Expert module, Expert Matter Planning.

In...

Farrer & Co Successfully Implements ADERANT Expert

News Article - 19/01/2012 : aderant, billing, financial management, practice management, profitability, VAT, Technology, Technology

Prestigious UK Law Firm is the first client worldwide to roll out the latest software version, ADERANT Expert "Golden Gate" Release.

ADERANT, a global provider of business, financial, and information management software for law firms,...

Sloan Plumb Wood Come Out of The Cloud for Partner For Windows

News Article - 19/01/2012 : billing, Matter Management, partner for windows, sloan plumb wood llp, tfb, time recording, Technology, Technology

Newly formed commercial firm, Sloan Plumb Wood LLP, have successfully replaced their hosted system in favour of TFB's Partner for Windows practice management system to improve efficiencies in client and matter management, enhance client...

Civil and Criminal Billing from DPS Software

News Article - 19/01/2012 : billing, dps software, legal services commission, Finance, Finance, Technology

Scott Ridley, Technical Director at DPS Software recently attended an LSC meeting at which the following changes to Civil and Criminal Billing were proposed. The LSC have announced a three phased process of Delivery Transformation for Criminal...

Legal Week - Editor's comment: 2009 and all that

News Article - 19/01/2012 : billing, outsourcing, Finance, Finance, Technology

Reaching the end of what has proved a highly eventful year (and decade) the temptation to turn this column into a mini retrospective has proved irresistible. But oddly, as turbulent as 2009 proved, in many ways it wasn't that surprising. True,...

DLA abandons US associate lockstep in move to performance-based pay

News Article - 19/01/2012 : billing, dla piper, lockstep, pay structures, Finance, Finance

DLA Piper has released details of a new associate pay model that is set to throw out lockstep in favour of a performance-based system, reports The National Law Journal.

The plan will do away with minimum billable hour requirements and pay...

Senior in-housers raise concerns over value for money from law firms

News Article - 19/01/2012 : billing, value for money, Finance, Finance

Law firms represent worse value for money for clients than they did five years ago, according to a recent survey of senior in-house counsel.

Almost two thirds (62%) of respondents to the survey - conducted by US law firm Winston &...

New survey shows billing rates inching up slowly at US firms

News Article - 19/01/2012 : billing, us law firms, Finance, Finance

US law firms increased their average firmwide billing rate by just 2.5% during the last year - one of the lowest increases in recent memory, reports The National Law Journal.

The small rise compares to a 4.3% increase in 2008 and a 7.7%...

Latest from the LSC - November 09

News Article - 19/01/2012 : billing, legal services commission, Technology, Technology

As all solicitors are no doubt aware, the LSC will be introducing a number of reforms to Civil and Criminal Billing designed to cut costs across the board. As a result of these changes, the billing process will become increasingly complex with...

Fitting the bill

News Article - 19/01/2012 : billing, electronic payments, Finance, Finance, Technology

All law firms should adopt an electronic billing system to provide clients with the efficiency and consistency they increasingly expect, says Damian Blackburn

Electronic billing means different things to different people. To some, sending...

Microsoft cuts back legal budget by 15% due to recession

News Article - 19/01/2012 : alternative billing structures, billing, microsoft, recession, redundancies, Finance, Finance

Microsoft's legal department has seen its legal budget cut by 15% over the last 18 months, leading to a 5% reduction in headcount, according to the software giant's general counsel, Brad Smith.

Before the cuts, Microsoft's legal department...