Digital White Papers

3 WWW.ILTANET.ORG | ILTA WHITE PAPER FINANCIAL MANAGEMENT Introduction ABOUT ILTA Technology solutions to law firms and legal departments gets more complex every day. Connecting with your peers to exchange ideas with those who have "been there done that" has never been more valuable. For over three decades, the International Legal Technology Association has led the way in sharing knowledge and experience for those faced with challenges in their firms and legal departments. ILTA members include firms of all sizes and all areas of practice, all sharing a common need to have access to the latest information about products and support services that impact the legal profession. STATEMENT OF PURPOSE ILTA is the premier peer networking organization, providing information to members to maximize the value of technology in support of the legal profession. DISCLAIMER This report is designed for use as a general guide and is not intended to serve as a recommendation or to replace the advice of experienced professionals. If expert assistance is desired, the services of a competent professional should be sought. Neither ILTA nor any author or contributor shall have liability for any person's reliance on the content of or any errors or omissions in this publication. COPYRIGHT NOTICE Copyright © ILTA 2016. All rights reserved. No part of this report may be reproduced in any manner or medium whatsoever without the prior written permission of ILTA. Published by ILTA c/o Editor, 9701 Brodie Lane, Suite 200, Austin, Texas 78748. The specialized field of financial management in legal is evolving as more processes are streamlined, data are collected and client expectations broaden. The efficient management of funds to accomplish the organization's goals requires more than elaborate graphs and charts, it takes methodic planning, the right processes and tools, and vision and creativity. Slices of the financial management pie are served up in this white paper, and you're sure to find a flavor you like. Our authors provide blueprints for creating and renewing client relationships and rates, integrating legal project management techniques with financial analytics, selecting and migrating to a new financial system, reducing files and cost with information governance, and focusing on client-facing key performance indicators. We've tapped into wonderful content from ILTACON 2016 with articles on the cost-benefit analysis process and law department analytics tools. You'll also find highlights from the "2016 ILTA/InsideLegal Tech Purchasing Survey" and ILTACON TV interviews. Needless to say, there's some meat and potatoes to go with that pie. Many thanks are extended to the contributors to this digital white paper. Enjoy, and share more than graphs and charts with a peer! From The Director RANDI MAYES Executive Director randi@iltanet.org

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