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)....

Resource - 03/12/2019 : Analytics, business intelligence, dashboards, data, Iridium Technology, legal it, matter pricing, profitability, revenue, Finance, Finance

Automation is becoming so important for law firms today that even the American Bar Association is encouraging more legal professionals to adopt business automation services. Legal automation software makes law firms more efficient, more...

Case Study - 21/10/2019 : Analytics, business intelligence, dashboards, data, Iridium Technology, legal it, matter pricing, profitability, revenue, Finance, Finance

For decades, law firms have charged their clients by the hour. It was a solution that seemed logical at the time. There is a lot that goes into working a case, and no way to tell how long it will take when an attorney begins to pursue one. As...

Resource - 30/09/2019 : Analytics, business intelligence, dashboards, data, Iridium Technology, legal it, matter pricing, profitability, revenue, Finance, Finance

Law firms, like any other business, must continuously track their key performance indicators (KPIs). These metrics go far past the Billable Hours metric that most attorneys track closely and are a great way to help legal teams better manage...

Resource - 27/09/2019 : Analytics, business intelligence, dashboards, data, Iridium Technology, legal it, matter pricing, profitability, revenue, Finance, Finance

Law firms are in the business of helping people, but they are still businesses. Large law firms have teams of people working on analyzing and investigating their performance on key metrics. Smaller law firms, on the other hand, may struggle to...

News Article - 17/09/2019 : Analytics, business intelligence, dashboards, data, Iridium Technology, legal it, matter pricing, profitability, revenue, Finance, Finance

Case Study - 11/09/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Practice Management, Practice Management

Firms often run countless numbers of complex matters at once. Keeping track of all this; the wins, the losses, whether something is over or under budget; is impossible without good project management. However, LPM’s are often held back...

News Article - 27/08/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

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...

News Article - 27/08/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Marketing & BD, Marketing & BD

Picture the scene. Fancy Investments Inc. (a potentially exciting new client) has decided that they need to review their external counsel. They are looking for a firm to advise their asset management team on regulatory and tax management issues....

Case Study - 17/05/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Technology

As some wise person once said, necessity is often the mother of invention. Stephen Allen, global head of legal operations and innovation lead at Hogan Lovells, explains that Clocktimizer, which his firm has been using to wrangle and enrich its...

News Article - 21/03/2019 : Analytics, business intelligence, dashboards, data, Iridium Technology, legal it, matter pricing, profitability, revenue, Technology

Rippe & Kingston and Iridium Technology have announced a strategic partnership to provide advanced financial insights for firms running the Rippe & Kingston Legal Management System (LMS). As mid-size law firms go head to head with large...

News Article - 05/03/2019 : Analytics, business intelligence, dashboards, data, Iridium Technology, legal it, matter pricing, profitability, revenue, Technology

Iridium Technology announced today that they completed the purchase of the legal industry division of Decision Pace Inc. Jay Moeller, the former CEO of Decision Pace, has already joined Iridium in the position of Director - Project Management...

Resource - 27/02/2019 : Analytics, business intelligence, dashboards, data, Iridium Technology, legal it, matter pricing, profitability, revenue, Knowledge Management

Fraser Mayfield, head of EMEA at Iridium Technology, says learning to price your work more collaboratively can reap some real rewards.

When law firms get collaboration between lawyers and their clients right, using open and clear...

Resource - 31/01/2019 : budgets, business intelligence, machine learning, Matter Management, pricing, Technology

Nearly everyone who keeps up to date with technological developments has heard of the term ‘machine learning’. It’s a nice buzzword that is being used more and more in recent years. But what does machine learning actually entail...

News Article - 30/01/2019 : Analytics, business intelligence, dashboards, data, Iridium Technology, legal it, matter pricing, profitability, revenue, Marketing & BD

Iridium Technology LLC, a global provider of BI Solutions for law firms, is proud to announce the appointment of Rod Wittenberg as Vice President of Sales, North America where he will lead Iridium’s direct and channel sales efforts. Rod is...