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Published By: Intapp     Published Date: Nov 01, 2019
Chief Marketing Officers who modernize business development strategies can accelerate revenue and market share growth with both new and existing clients. This requires unifying data across the entire client lifecycle, making that data transparent, and developing insights that drive better decision making across the board. How much of an impact can this modern approach make? According to a recent study conducted by ALM Legal Intelligence and Calibrate Legal, the investment pays off with Am Law 200 firms seeing an average return of $47 million on $1 million of marketing and business development spending. Download this point of view to learn what it takes to transform today’s law firm marketing from reactive to predictive. Topics include: Winning business with data-driven insights CMOs as change agents The data divide Smart collaboration in action: Key-client planning The pivot: From reactive to predictive
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Intapp
Published By: Intapp     Published Date: Nov 01, 2019
The business of law is changing, and literally no corner of a large law firm operates exactly like it did several years ago. The process for evaluating and onboarding new clients in law firms is no exception. Five global legal trends are testing the limits of even the best new business acceptance models. We’ll explore why and how these big trends are causing shifts in law firm approaches, offer insights and practical tips on what firms must do to adapt their business acceptance models, and identify specific areas where technology can help. Lastly we offer law firms a checklist to assess the gaps in their business acceptance approach in this changing landscape.
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Intapp
Published By: Intapp     Published Date: Nov 01, 2019
Pricing matters and engagements accurately and profitably poses a challenge to many firms. However, developing effective pricing strategies has become more important than ever, as clients demand more transparency and alternative fee arrangements become more popular. Technology can help law firms develop both tactical and strategic approaches to pricing. Download this ebook to learn how an AI-enabled approach to pricing can help your firm: Price matters more accurately and profitably Scope and resource matters to ensure better margins Monitor engagements as they proceed and track budget to actuals Improve client relationships with more transparency, accountability, and success
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Intapp
Published By: Quovant     Published Date: Oct 01, 2019
Even with the greatest level of talent on your in-house legal team, you will at some point, need the services of external counsel. When an organization rates its outside law firms, selecting just the right data might be a challenge. Business leaders may not be lawyers, so it may be necessary to rely on the self-assessment of firms to determine the “health” of their programs. But does it need to be that subjective? Hard data is an essential tool when it comes to performance evaluation. There are specific metrics organizations can use to evaluate law firm performance. While it may not be “all about the money,” these key metrics can provide insight into how your panel handles its work and the value of the results you receive.
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Quovant
Published By: PwC     Published Date: Aug 27, 2019
Six hours a day. According to research, that’s how much of a lawyer’s time, on average, is spent on administrative tasks or new client development (sound familiar?). Fortunately, technology and the data it generates can help you streamline systems and processes — and reveal important insights about your firm. But what tools should you use? How should you implement them? We’ve got the answers. Our guide outlines what you need to know when leveraging technology to reduce admin inefficiencies and, better yet, increase cash flow. You’ll learn how to identify what metrics matter most to your practice: like billable hours, profitability by client and hiring decisions. It also spotlights helpful tools, like PwC’s InsightsOfficer, that turn data into insights, impacting your firm’s performance.
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PwC
Published By: Quovant     Published Date: Aug 06, 2019
When it comes to managing your organization’s legal spend, it’s important to set expectations with outside counsel clearly from the onset to avoid confusion and expensive surprises. This in-depth white paper will provide some useful ideas and insights to help you get a better handle on your legal spend. Timekeeper Authorizations – Authorizing timekeepers builds accountability into your relationship with outside counsel. Billing Guidelines – The utilization of legal billing guidelines has become the norm in the day- to-day invoicing processes of law firms. General Counsel willing to enforce billing guidelines can increase savings and promote accountability of tasks billed. Alternative Fee Agreements – Managing legal spend when firms bill on an hourly basis can be challenging. Some companies are using alternative fee agreements (AFAs) to deal with these challenges.
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Quovant
Published By: Blackberry     Published Date: Jul 12, 2019
Law firms have received two dramatic wake-up calls about the vital importance of data security in the last two years. First, there was the leak of 11.5 million documents from offshore law firm Mossack Fonseca, known as the Panama Papers, which became public in 2016.1 Then came the massive cyberattack on prominent global law firm DLA Piper in the summer of 2017.2 As we will explore, despite the industry’s aversion to media coverage of such attacks, less-visible breaches involving the legal profession are being reported worldwide in ever-increasing numbers.
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Blackberry
Published By: Darktrace     Published Date: Jun 21, 2019
Cyber security is today an unavoidable concern for law firms and the legal sector at large, which oversees disproportionately large volumes of sensitive data and which is therefore an attractive target for sophisticated threat actors. From confidential information about mergers and acquisitions to disclosures made under attorney-client privilege, today’s law firms are inundated with data that would be disastrous if leaked, both for the results of individual cases and for these firm’s long-term reputations. Indeed, this reputational damage diminishes the very trust upon which the legal profession is predicated, jeopardizing client relationships and hindering customer acquisition. Legal organizations lose 5% of their clients following a data breach, while significant or high-profile breaches can even prompt a firm’s eventual collapse, as was the case for Mossack Fonseca in the infamous Panama Papers breach. In today’s increasingly digital business world, even the most private legal docum
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Darktrace
Published By: KPMG     Published Date: Jun 06, 2019
Advanced service management platforms help reduce costs, enhance ITSM performance and give employees access to the IT they need. Find out how we helped a global law firm implement a state-of-the-art ServiceNow platform. Read this story to understand: • what benefits advanced ITSM platforms can deliver • how to decide on your preferred platform • how to ensure a fast, efficient, low-risk implementation • five key principles to guide your transformation.
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KPMG
Published By: Intapp     Published Date: May 20, 2019
In our technology-enabled era, most law firms have moved away from manual processes to embrace electronic timekeeping. However, many continue to struggle with time entry accuracy and bill rejections related to noncompliance with outside counsel guidelines (OCGs). All stakeholders— finance, operations, lawyers, and clients—want to solve this problem; not only does it result in inefficiencies of process and reduced realization due to write-offs, but it also impacts client goodwill. Firms know something needs to change, but so far, they haven’t found the answer. In short, they have arrived at a crossroads. This ebook explores the gaps and inefficiencies in the current state. Insights into how current
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Intapp
Published By: Intapp     Published Date: May 20, 2019
Pricing matters and engagements accurately and profitably poses a challenge to many firms. However, developing effective pricing strategies has become more important than ever, as clients demand more transparency and alternative fee arrangements become more popular. Technology can help law firms develop both tactical and strategic approaches to pricing. Download this ebook from Intapp, a leading provider of business applications for professional services firms, to learn how an AI-enabled approach to pricing can help your firm: • Price matters more accurately and profitably • Scope and resource matters to ensure better margins • Monitor engagements as they proceed and track budget to actuals • Improve client relationships with more transparency, accountability, and success
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pricing, profitability, alternative fees, artificial intelligence, engagement monitoring, professional services, legal
    
Intapp
Published By: Spectrum Enterprise     Published Date: Mar 01, 2019
FRONTEO provides end-to-end project management, litigation consulting and eDiscovery solutions for a global base of law firms and corporations. To meet clients’ critical information needs, the business requires connectivity and data center solutions that can process, access and interpret terabytes of sensitive data—reliably and at top speeds. Get actionable insights from experts at FRONTEO and learn how switching to a high-performance Ethernet solution from Spectrum Enterprise can deliver security and reliability across your network and IT infrastructure.
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Spectrum Enterprise
Published By: Canon Solutions America     Published Date: Feb 28, 2019
Limiting access to confidential client files is vital. But choosing the wrong document security solution can overwhelm your staff (and your IT department) and leave your data vulnerable. Learn five important features a security solution should offer.
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legal document management, best legal document management systems, law firm data breach, law firm security breach, law firm data security, legal document automation software
    
Canon Solutions America
Published By: Canon Solutions America     Published Date: Feb 28, 2019
Printers, scanners, mobile devices… It’s hard to imagine running a law office without them, but you should know they can expose your client data to theft or misuse. Learn why your office technology may not be as secure as you think.
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legal document management, best legal document management systems, law firm data breach, law firm security breach, law firm data security, legal document automation software
    
Canon Solutions America
Published By: Intapp     Published Date: Jan 09, 2019
The legal industry is well past the days when scrawled notes in a day planner constituted time recording. The business of law has changed, requiring that time entries comply with client requirements and firm objectives. We believe the path forward is a new concept that we call “compliant time”: a way to streamline timekeeping and improve time-capture accuracy while also ensuring adherence to OCGs.This ebook explores the gaps and inefficiencies in the current stateat most law firms and shows how compliant time can help resolve these issues. Insights into how current processes impact and inhibit internal law firm stakeholder objectives reveal why firms simply must find new approaches. Declining realization rates, competitive market forces, and lawyer attraction/retention challenges are all factors that point to a need for change in time and billing technology.
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law firm timekeeping, law firm better timekeeping, law firm improving timekeeping, law firm timekeeping problems, law firm timekeeping issues, law firm automated timekeeping, law firm better automated timekeeping, law firm timekeeping automation, law firm compliance, law firm better compliance, law firm improving compliance, law firm compliance problems, law firm compliance issue, law firm ocg compliance, law firm ocg better compliance, law firm ocg improving compliance, law firm ocg compliance problems, law firm ocg compliance issues, law firm automated ocg compliance
    
Intapp
Published By: Intapp     Published Date: Jan 09, 2019
In what ways can your firm distinguish itself from competitorsto land new clients? Leaders at the firm could likely provide a snapshot but may not have formally articulated these qualities or implemented astrategy built around them. Firms that successfully claim their place in the market do so by considering what clients need and value. And they help business development fill its critical role by freeingcapacity—a long-standing, though not insurmountable, challenge.This ebook provides concrete tips on how you can differentiate your firm to drive growth and promote client success.
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law firm client development, law firm client development trends, better law firm client development, improving law firm client development, law firm client development problems, law firm client development issues, attracting new law firm clients, attracting new law firm clients better, attracting new law firm clients issues, getting new law firm clients, getting new law firm clients better, getting new law firm clients problems, getting new law firm clients issues, growing law firm client base, growing law firm client base better, growing law firm client base problems, growing law firm client base issues, law firm growth, faster law firm growth
    
Intapp
Published By: Intapp     Published Date: Jan 09, 2019
New researchconducted by Intapp found that, while Mid Law firms attest that data-driven strategies are highly important in all areas of the client lifecycle, a significant gap exists as to how or whether they are currently deploying enabling technologies such as intelligent automation. Read the ebook to discover the full breadth of this gap, and learn best practices for how you can use technology to drive growth in the client-empowered era.
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law firm time, law firm better time, law firm automated time, law firm time sheet, law firm timesheet, law firm better time sheet, law firm better timesheet, law firm automated time sheet, law firm automated timesheet, law firm time capture, law firm better time capture, law firm automated time capture, law firm time sheet software, law firm better time sheet software, law firm automated time sheet software, law firm timesheet software, law firm better timesheet software, law firm automated timesheet software, law firm better time recording, law firm better time reporting
    
Intapp
Published By: Intapp     Published Date: Jan 08, 2019
Five global legal trends are testing the limits of even the best new business acceptance models. In this ebook, you’ll explore their effects, learn best practices on how to adapt to them, and evaluate your current processes with an assessment checklist.
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law firm business acceptance, law firm business acceptance trends, law firm improving business acceptance, law firm better business acceptance, law firm business acceptance problems, law firm business acceptance issues, law firm client onboarding, law firm better client onboarding, law firm improving client onboarding, law firm conflicts, law firm conflicts clearance, law firm better conflicts clearance, law firm improving conflict clearance, law firm client terms, law firm managing client terms, law firm managing client terms better, law firm compliance, law firm better compliance, law firm improving compliance
    
Intapp
Published By: Thomson Reuters     Published Date: Aug 10, 2018
Documents reviewed for production are the facts that underlay all claims and defenses – and they matter. But with volumes and costs exploding, it’s harder than ever to find the needle in the haystack. Join litigation experts from Thomson Reuters as they show you how to design a document review with an eye toward fact-finding, case analysis, and litigation strategy. Attendees should have a basic understanding of document review and production practices and terminology. In this complimentary webinar, you will learn more about: How to design a strategic review protocol Optimizing process to increase communication Knowledge sharing between the review and the law firm teams Next steps once production is complete This is Part I of a multi-part webinar series on leveraging document review to maximize litigation strateg
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leveraging, document, review, maximize, litigation, strategy
    
Thomson Reuters
Published By: Thomson Reuters     Published Date: Jul 30, 2018
How confident is your law firm in its document review process? Learn more about cost-effective and defensible document review and the benefits of partnering with a managed review provider instead of contract attorneys. According to a recent study of Alternative Legal Service Providers (ALSPs), the use of ALSPs such as managed review providers for doc review is expected to grow by more than 50% in the next five years. The top reasons cited for using such providers aligned with the benefits listed here: to control costs and meet peak demand without increasing permanent headcount.
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document, review, law, thomson, reuters
    
Thomson Reuters
Published By: Thomson Reuters     Published Date: Jul 30, 2018
Law firms are – or should be – rethinking the way they approach the delivery of legal services and leveraging service providers to achieve the efficiency their clients are demanding. According to the Alternative Legal Service Study, 51% of law firms report using an Alternative Legal Service Provider (ALSP) such as a managed review provider for at least one type of service today. And the use among law firms is set to grow dramatically in the next five years.
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firm, demand, clients, legal, services, thomson, reuters
    
Thomson Reuters
Published By: XpertHR     Published Date: Jun 13, 2018
A renewed focus on pay equity at the state and federal levels, coupled with the power of movements like #MeToo and #TimesUp, have companies and their HR/compliance representatives dusting taking a deep dive into pay practices to ensure equity for all. Recent lawsuits settled in favor of plaintiffs, and activist call-outs for companies to be more equitable and transparent about pay practices, add fuel to the fire: ? Seven female law professors at the University of Denver won a $2.6 million settlement in May ? Activist investor Arjuna Capital is pushing major tech firms to publish data to support equitable pay practices ? Google is facing a class action battle over equitable pay practices That’s just the tip of the iceberg. If you’re not on top of this critical issue, you could be next on the list of companies facing legal and public scrutiny. XpertHR can help you wade through the regulatory requirements and practical considerations to audit and revise, as necessary, your pay practices.
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pay equity, equal pay, gender equality, #metoo, #timesup, pay practices, compliance, fair pay
    
XpertHR
Published By: Globality     Published Date: Apr 05, 2018
Frustration with high legal fees and demand for local regulatory knowledge may give boutique law firms an edge with larger clients.
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globality, legal, compliance, regulations, local regulations
    
Globality
Published By: Redstor UK     Published Date: Mar 12, 2018
Founded in 1810, with its UK headquarters in Liverpool, Hill Dickinson is an international commercial law firm with more than 1050 people across its offices in the UK, mainland Europe and Asia. Servicing a wide range of clients including multinational companies, major corporations and UK plcs, the firm delivers strategic advice and guidance spanning the full legal spectrum. Given the nature of Hill Dickinson’s client base, it has the responsibility to manage and store a significant amount of highly confidential data, therefore having an extremely secure and reliable backup solution is critical to the running of the organisation.
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data, management, organisations, cloud, customer, commercial, law
    
Redstor UK
Published By: Thomson Reuters     Published Date: Mar 08, 2018
In recent years, the legal marketplace has seen an influx of new start-ups and new entrants looking to challenge the long-standing service model offered by law firms to their clients. Traditionally, clients looked to their law firms to provide a full range of legal and legal-related services, i.e., to handle every aspect of a matter, even including those activities that did not involve the direct provision of legal services. Today, by contrast, consumers of legal services find themselves the beneficiaries of a new and growing number of nontraditional service providers that are changing the way legal work is getting done. These alternative providers comprise a new sector of the legal market, one that is emerging and evolving rapidly, but is still very much in its infancy.
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legal, services, lpo, accounting, audit, revenue, thomson, reuters
    
Thomson Reuters
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