Iridium Technology announces merger with DFTech to create law firm financial analytics powerhouse

News Article - 24/02/2020 : Analytics, business intelligence, dashboards, data, Iridium Technology, legal it, matter pricing, profitability, revenue, Finance, Finance

Iridium Technology, a leading provider of Business Intelligence (BI) for law firms, today announced its merger with Data Fusion Technologies, Inc. (DFTech). The Iridium BI product offerings have now been extended to include the Intellistat line...

Clocktimizer platform now available through Reynen Court solution store

News Article - 24/02/2020 : budgets, business intelligence, machine learning, Matter Management, pricing, Practice Management, Practice Management

Clocktimizer, a market leader in pricing, budgeting, and business intelligence tools for law firms, announces that it has partnered with Reynen Court to make its platform available through Reynen Court’s solution store.

“We...

CFOs take up tech to embrace millennials’ thirst for data visualization says Iridium Technology

News Article - 17/01/2020 : Analytics, business intelligence, dashboards, data, Iridium Technology, legal it, matter pricing, profitability, revenue, Finance, Finance

More and more, data visualization is becoming a key component of all industries – especially the legal industry. Data-driven business is booming and keeping up with the trend not only benefits your law firm, it also benefits your clients....

Clocktimizer: Firmwide analytics and legal project management

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

Welcome to the third instalment in our blog series on firmwide analytics. Ask anyone who has attended a legal conference recently, and they will tell you that data is everything. From AI applications to machine learning, it all hinges on...

Clocktimizer: Firmwide analytics and succession planning

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

Welcome to the second installment in our blog series on firmwide analytics. Ask anyone who has attended a legal conference recently, and they will tell you that data is everything. From AI applications to machine learning, it all hinges on...

Clocktimizer: Firmwide analytics and client satisfaction

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

As we outlined last week, we are starting a new blog series covering firmwide analytics. Having already looked at what a data governance policy actually is, we will be diving further into the topic’s practicalities....

Clocktimizer: An introduction to Firmwide Analytics

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

“Time and money are your scarcest resources. You want to make sure you’re allocating them in highest-impact areas” – Matt Trifiro 

At Clocktimizer, we’re in the business of data. We...

Clocktimizer: A quick guide to data fallacies (and how to avoid them)

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

As we have noted in recent blogs, data collection and analysis is essential to the long term success of your business. Whether it be profitability analysis or looking for ways to improve processes, data guides the process. However, data...

Clocktimizer: Pricing, profitability and data: the missing link

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

For the past few blogs, we have been highlighting the importance of data in law firms. Not only how it is collected and stored, but why. We have shown the importance of evaluating the quality and accuracy of your sources. We...

Clocktimizer: Can I use data to help me build better budgets?

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

For the last few blogs, we’ve been discussing the importance of data management. A good data governance policy not only identifies how to collect and store data, but why. Data governance is becoming increasingly important, particularly as...

Clocktimizer: Are phase and task codes really accurate?

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

Last week’s blog, on the importance of Data Governance, looked at how and why law firms use data. We stressed how essential it is to have a Data Governance plan, not only for safeguarding the data you collect, but also to use...

Clocktimizer: Why Data Governance shouldn’t be sending you to sleep

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

Data Governance has had something of a resurgence in public consciousness in recent years. Horror stories of Amazon and Google using humans (rather than the more impersonal AI) to listen to your conversations to optimise...

Clocktimizer: Cross-selling – The big win? Or the big bust?

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

Cross-selling pervades most industries. From Zara attempting to push the latest homewares on you, to Apple foisting another wearable on the market. However, within the legal industry, cross-selling is relatively unsuccessful. But why? Cross-...

Clocktimizer: Why operational excellence is more than just the latest legal buzzword

Resource - 16/12/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

Operational excellence. Attendees of this year’s legal(tech) conference circuit will be no stranger to the term. It has become the new holy grail of both in-house counsel and their law firm counterparts. Put simply, it is the desire to get...

Iridium Technology business intelligence tools help firms to navigate changes in the legal billing model

News Article - 10/12/2019 : Analytics, business intelligence, dashboards, data, Iridium Technology, legal it, matter pricing, profitability, revenue, Finance, Finance

The billing model for law firms has been changing over recent years. As clients want more transparency, law firms have been forced to modify their billing models to include fixed fees, capped fees, and other alternative fee arrangements (AFAs)....