Digital White Papers

5 WWW.ILTANET.ORG | ILTA WHITE PAPER FINANCIAL MANAGEMENT Contents In This I ue Financial Management | October 2016 Creating and Renewing Client Relationships and Fee Arrangements Law firms require processes and technologies that empower partners to take rapid action to avoid unnecessary write-downs and write-offs and prevent leakage. Enhancing Legal Operations by Integrating LPM Techniques with Matter Management, E-Billing and Financial Analytics Behavioral change is necessary for legal project management (LPM). By combining LPM with maer management systems, law firms can realize improved legal operations. 2016 Tech Purchasing Survey Highlights InsideLegal's eleventh survey on the purchasing influences and paerns of law firm technology departments provides insight on trends. Selecting Your Firm's New Financial System Here are recommendations to help you avoid the pitfalls of poor system selection processes. Migrating on Our Own Terms: A Finance System Conversion An organization can be forced into a financial management system move if it is running a system that cannot be upgraded. Make sure you're prepared to make the move on your terms. The Cost-Benefit Analysis Process: Making an Educated Decision A traditional cost-benefit analysis and additional analyses can help you make educated business decisions as to whether to proceed with any proposed IT initiative. Can We See What They See? A Preview of Law Department Analytics Tools and Metrics Law firms and legal departments must collaborate on mutual platforms to beer understand each other and promote transparent and effective business relationships. Law Firm KPIs: Making the Leap from Inward- to Client-Facing By focusing on client-facing metrics and increasing transparency, we can establish a mutual baseline of measuring what moves the needle and beer manage client relationships. How Information Governance Initiatives Create Sustainable Cost Containment The only effective way to reduce spending on offsite file storage is to create information governance policies that limit growth and eventually reduce volumes of inventory. 7 12 17 19 23 26 34 38 41

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