Legal history’s five most suspicious time entries

- Blog Posts, Legal tech resources and lists

Throughout our time at Clocktimizer, we’ve seen the hard work lawyers put into their timesheets. There is no denying that all nighters can and do happen, and that lawyers work incredibly hard for their clients. However, not all time entries are as scrupulous as the ones we see on a daily basis.  Here’s our rundown of… Read More

Client intervention: The foundation for success?

- Blog Posts, Legal tech information

If you hire a builder to construct your house you will regularly go on site to hear progress, to give updates on your preferences and ensure delays are avoided. It is not simply about wanting to maintain strict control of the project, you want a smooth delivery of the work through constant communication. Imagine a world where… Read More

Smints & AI: All that glitters is not gold

- Blog Posts, Legal tech information

Last week I spoke with James Northin, head of legal project management at DLA Piper. He mentioned that buying a pack of Smints was almost always an impulse buy. This impulse buy, he went on to explain, draws parallels with today’s competitive legal landscape which seems to demand firms buy tech as though it were… Read More

Here’s why proactively offering AFAs makes your firm more profitable

- Blog Posts, Legal tech information, Legal tech resources and lists

The Altman Weil ‘Law Firms in Transition’  is one of the definitive year on year examinations of how firms are facing market challenges. Topics under discussion range from changes to billing structures and attitudes towards change, all the way through to the trends currently affecting a lawyer’s day to day job. Interestingly, the 2016 edition… Read More

A guide to staying up-to-date with the legal tech revolution

- Blog Posts, Legal tech information, Legal tech resources and lists

As a lawyer, you want to be prepared for every case, client meeting or hearing.  You know where to track down the relevant information you will need – be it the Blue Book or a client’s case file. But in a world where technology is playing an increasing role, it’s difficult to see where to… Read More

Here’s how boutique firms can outmanoeuvre Big Law in 2017

- Blog Posts, Legal tech information

The perception is often that the legal services market is tougher on small and medium sized firms.  They have smaller budgets, less capital to invest in innovation to stay ahead of the curve and lack the necessary size to meet the needs of big clients.  But in a changing marketplace, perhaps their small size could… Read More

The top three fintech trends that will impact lawyers in 2017

- Blog Posts, Legal tech information

Job Barth, Managing Director of the Dutch office of international trading bank Saxo, recently called for more transparency in the financial industry. “Our competitors are no longer other banks but technology companies focused on creating innovation platforms.” (Saxo) It is an observation not only applicable to the banking world, but one which has been voiced… Read More

Think new clients are the key to success? Think again!

- Blog Posts, Clocktimizer features & information, Legal tech information

Why keeping existing clients is better than finding new ones Clients.  Businesses spend millions each year on marketing and sales in the hope of luring elusive new clients on board.  Lawyers are no different, with Forbes estimating US firms’ annual marketing spending now tops $890 million.  But is this focus on new clients making a… Read More

Here’s what will make the difference between success and failure for lawyers in 2017

- Blog Posts, Clocktimizer features & information, Legal tech information

Eversheds average member remuneration drops 10% to £386,000, as staff costs increase 16% to £174m LegalBusiness.co.uk It’s the sort of headline we’ve seen a lot of recently. Firms across the globe are consistently reporting a drop in profit margins as competition over fees, and increasing staff costs eat into their bottom line. As Forbes analysed… Read More

Data says no – How to quote for quality not quantity

- Blog Posts, Clocktimizer features & information, Legal tech information

We are all aware that the world of legal services is a competitive market.  Clients can choose to be picky nowadays. It is a process of constant innovation to bring on new business, or indeed to leverage on existing client relationships.  Many firms are turning to good marketing strategies, new technology and alternative fee structures… Read More