james

The legal industry is renowned for being slow to adopt new technology, particularly those firms who operate with the “not broken, why fix” mindset. Unfortunately, as the legal tech around them advances, firms may incur many hidden costs by holding on to outdated solutions, often foregoing potential productivity gains across the business. Perhaps the most [...]

Given the progressive implementation of legal technology in response to demographical changes, rising competitive pressures and growing client demands, the practice of law is becoming increasingly influenced by an overwhelming amount of data. Throughout its life cycle, a law firm will naturally accumulate a wealth of dynamic data from a range of different sources. Outside [...]

The legal accounting function is the backbone of understanding the financial activities and health of a law firm. The accounting requirements used to understand the financials of a law firm are unique and take into consideration activities such as expense tracking, time billing, client costs, retainers, tax compliance and trust reconciliation. Inadequate legal accounting practices [...]

In a hypercompetitive marketplace law firms are under increasing financial pressure to differentiate their services against alternative legal service providers. While historically, and in comparison, to other industries, the legal profession had expressed a level of scepticism towards technology, few businesses today have the luxury to operate outside of the technology [...]