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FINANCIAL MANAGEMENT
Selecting Your Firm's New Financial System
» Are they experts in a range of products, or do they only know select
systems?
» When was their most recent selection work, and how long did it
last?
» Do they possess the expertise to review our vendor contract and
identify reasonable maintenance costs, user and system support
hours, premium costs for off-hour support, and related nuances?
» Are they aware of industry trends and what other firms are doing?
In addition, third-party firms should never tell you which system
or systems to select — they should only facilitate the process.
Did Your Firm Make the Right Financial System Selection?
No financial system selection is perfect, as there will always be bumps
along the way. However, following these tips will ensure your firm
is prepared for what lies ahead. Spending the time and resources to
gather and apply proper product expertise and selection procedures
now will save your firm handsomely in the future. ILTA
JIM DUSENBERY
Jim Dusenbery has a wide background
working with law and other professional
services firms to select, implement and
optimize their financial systems. Contact
him at jdusenbery@sourcegroup.com.
Filmed on location at ILTACON 2016, these captivating
interviews discuss innovative projects and strategies,
important issues the ILTA membership will face in
the next year, and provocative thoughts from some of
ILTA's thought leaders.
ILTACON TV
see more interviews >>
Toby Brown, Chief Practice Management
Officer at Perkins Coie, shares the
importance of interacting with clients
to determine the drivers for their pricing
needs, his views on leadership and his
work on a new initiative for matter coding
standards.
Chris Emerson discusses his role in
innovation as Chief Practice Economics
Officer at Bryan Cave. He works with
attorneys and internal departments to
develop strategic relationships with clients
and find creative solutions to client needs.
Michael Guernon, Director of New Business
Intake & Conflicts at Orrick, Herrington &
Sutcliffe, discusses risk management and
compliance trends, upcoming challenges,
best practices, responding to client
pressures and meeting and managing
outside counsel guidelines.
Professor Dan Katz talks about his work
in the Law Lab at Chicago-Kent College
of Law, where he focuses on process
improvements through technology, and his
work for LexPredict, where he focuses on
legal analytics. According to Katz, "Lawyers
working together with analytics are better
than lawyers alone or analytics alone."
