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Tag Archives: productivity
5 Ways Excel Fails at ASC Topic 718 (FAS 123R) Reporting
Recently, we attended a CFO RoundTable panel on Revenue Recognition Under Evolving FASB Standards, which reviewed new privately-held company accounting standards currently in consideration for adoption in the next 3 years. While there were several key takeaways for CFOs to … More
Creating Electronic Minute Books Faster – A Scanner in Every Office
Whenever I write or talk about creating an electronic version of a client’s minute book in Corporate Focus, I always stress that the scanning process has to be quick and easy for users in order for the project to be … More
Entity Life-Cycle Knowledge Management: Size Doesn’t Matter
I recently read an article in Mass High Tech magazine called, “From Know-How to Know-Who.” It posed the question of whether knowledge management (KM) is really about the knowledge that resides in a document or file – or if it’s … More
Fixed-Fee Package for Start-Ups Offers Capitalization Tracking
Earlier this year, one of our law firm customers, Andrews Kurth, LLP, came up with the novel idea of adding a fixed-fee “Start-Up Organization Package” to its legal service offerings. According to Alan Bickerstaff, a partner in the firm’s technology … More
The Billable Hour is Still Under Attack — How Will Your Law Firm Respond?
On my way to the International Legal Technology Association’s 2009 conference, I read the Wall Street Journal’s front-page article, “Billable Hour Under Attack – In Recession, Companies Push Law Firms for Flat-Fee Contracts,” with great interest. The initial talk about … More
Catch the Wave: Client Data is Becoming Cloud-Bound
Over the past 30 days, I came across four articles that made me sense a shift in the air regarding online access to legal client data. Collectively, these pieces focused on a trend that’s sweeping the corporate landscape: Realizing the … More
The Legal Market Revolution is Happening Today? With or Without You
I’m a big fan of Paul Lippe’s legal column for The Am Law Daily called “Welcome to the Future” and have been reading it regularly for the past six months or so. I noticed that the final paragraph of his … More
There's a New Sheriff in Town: Clients Are Driving Greater Law Firm Productivity
Over the past year, a perfect storm of events has brought legal fees under scrutiny like never before, affecting both law firms with skyrocketing new associate salaries (some reaching $160,000 per year) and clients facing hourly attorney rates as high … More
