News & Updates

Don’t Shortchange Your Firm in 2020

When was the last time your law firm ran a complete audit for all its billing rates? How confident are you that your rate selections accurately reflect the appropriate amount for each attorney, staff member, client and/or matter? Advance your firm’s bottom line in 2020 by starting the rate auditing process now. 

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How prepared is your law firm for 2020?

Here’s food for thought: the end of 2019 – and this decade – is right around the corner. How prepared is your law firm to take on the new year?

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Take it to the cloud: Why resisting change is hurting your practice

One of the most commonly discussed topics in today’s technology is “the cloud,” however, it is also one of the slowest to be adopted and utilized by the legal industry – but, why?

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Rippe & Kingston serves as platinum sponsor for ILTACON 2019

ORLANDO, FL – A platinum sponsor of ILTACON 2019, Rippe & Kingston representatives from across the country joined forces in sunny Orlando to present the future of legal tech with industry professionals and exhibit the ways our Legal Management System (LMS) can alleviate routine challenges for law practice operations. 

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Rippe & Kingston Welcomes Steve Crossman as Vice President of Sales

CINCINNATI, OH (July 16, 2019) – Rippe & Kingston, the fastest growing legal tech community in the United States, recently welcomed Steve Crossman to its team as vice president of sales.

As vice president of sales, Crossman will oversee Rippe & Kingston’s overall revenue plan and execution by building a vision for its sales force that seamlessly meshes and strengthens its clients’ technology strategies. “We want to deliver tools that our user community cannot envision working without,” said Crossman. “Our approach will be to listen, respond and deliver the services and functionalities that will satisfy our clients’ needs for years to come.”

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Rippe & Kingston Appoints Donald Schule as Its Chief Operating Officer

CINCINNATI, OH (June 19, 2019) – Rippe & Kingston, the fastest-growing legal tech community in the U.S., recently welcomed Donald Schule to its leadership team as its new chief operating officer (COO).

As COO, Schule will lead the firm’s transformation to a SaaS operating model, significantly improving the client experience spectrum from onboarding to long-term customer care. He will be responsible for empowering a 40,000+ user community to promote customer success and assist in innovating for the future. He will also oversee all customer experience, customer success, fulfillment, account management, conversions, installations and help desk personnel.

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Rippe & Kingston Retools Leadership Team to Drive Technology Focus Leading Provider of Financial and Practice Management Law Firm Software Adds New CFO, CTO and Marketing VP to Fuel Growth Strategy

CINCINNATI, OH (Mar. 26, 2019) – Under new leadership since October, Rippe & Kingston, a leading provider of financial and practice management software for law firms in the U.S., has announced several additional changes to its c-suite and senior leadership team to support the company’s rapid growth and renewed focus as an advanced technology provider. Newcomers include Sarah Huber, chief financial officer (CFO); Thomas S. Shore, chief technology officer (CTO); and Ginny Schumacher, vice president of marketing.

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Rippe & Kingston and Iridium Technology Announce Strategic Technology Partnership to Enhance Law Firm Financial Insights

Rippe & Kingston and Iridium Technology have announced a strategic partnership to provide advanced financial insights for firms running the Rippe & Kingston Legal Management System (LMS). As mid-size law firms go head to head with large global firms, they need to have a clear line of sight into pricing and profitability. Through this partnership, the Iridium BI platform will power these insights on top of the Rippe & Kingston legal management system. The companies will collaborate to deliver high-performance BI dashboards for Rippe & Kingston clients, allowing them to improve financial analysis capabilities and enabling their law firm professionals to measure and manage key performance indicators. All Iridium BI modules will be made available to Rippe & Kingston clients: Revenue, Profitability, GL+Expense, and Matter Budgeting/Tracking. Both cloud deployment and on-premise deployment will be fully supported.

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How Law Firms Should Measure Profitability

Using key performance indicators (KPIs) to measure the success of your law firm can help identify what is working well, and help guide strategic decisions for the future. However, a shocking number of law firms don’t use any performance metrics beyond measuring and tracking the hours billed at the attorney and firm levels.

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One Thing Firm Admins Must Know about Financial Management Systems

Law firm financial management systems offer a number of benefits to the firms and people who use them on a day-to-day basis. In addition to improving security and privacy, being environmentally-friendly by going paperless, and increasing efficiency, financial management systems offer benefits that are harder to quantify but just as valuable.

By providing users the ability to gain powerful insights from real-time data, your financial management system can help your firm reach both its short-term and longer-term goals by being adaptable, flexible, and accessible.

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Why You Need to Stop Generation Reports with Excel and Start Using LMS

Whether your law firm is a one-person operation or employs hundreds of partners, associate attorneys, paralegals and assistants, generating reports on spreadsheets is not only time-consuming it’s inefficient and can lead to redundancies and loss of profits. While some attorneys cling to spreadsheets claiming they’re saving the firm money, using Excel and other desktop-based tools may end up costing a lot more in the long run.

We’ve highlight four of the biggest reasons law firms should implement and use a legal management system with built in business intelligence tools to streamline your financial reporting process and help you gain a more accurate picture of your firm’s growth.

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How Your Legal Management System Can Make Business Intelligence Reporting Easy

Implementing a legal management system for your law firm can provide a wealth of benefits to partners, administrative professionals, and everyone within the firm. Unfortunately, there isn’t a conventional standard for what functionality is included in a legal management system; some systems simply offer financial management tools, others include modules for client record-keeping, billing and more.

One of the benefits some top law firm enterprise software solutions provide is the ability to generate real-time, dynamic reports. By reporting and analyzing the business intelligence metrics your firm is already capturing, you’ll be squarely in the driver’s seat to make meaningful course corrections that can help your firm reach its goals.

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Defining Your Firm's KPIs to Gain Business Intelligence

“I don’t care how our firm is doing,” said no law firm partner, ever. Law firms are in business to help clients with their legal needs, but you’re also in business to make money and be successful. But if you are not looking at the right metrics to measure your success, you may find it difficult to reach your goals.

When you have a comprehensive view of your firm and its key performance indicators (KPIs) at your fingertips, you can help steer your firm in the right direction.

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BI Fundamentals - Metrics from Financial Data to Improve Firm Efficiency

 

The responsibility of for dealing with and tracking your firm’s financial numbers every day doesn’t fall only to the financial department. As a firm administrator, you also need to see and track billable hours, accounts receivable, accounts payable and more. All of the numbers your firm is already capturing can be a gold mine of information to help your firm grow strategically

When you are capturing the right information, and understand how key financial data metrics paint a picture of your firm’s profitability, you’ll be able to make sense of – and use- your business intelligence.

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What Tools Should Your New Financial Management System Come With?

When you are looking for a new legal and financial management system for your law firm, it’s important to be deliberate and thoughtful about what that system can actually do for you, the firm’s partners, associates, and staff. Choosing a system because it has one exciting feature may leave you with buyer’s remorse if you find out later the system doesn’t meet your needs.

Start the process by creating a list of “must-have” features to help improve your firm’s efficiency and cut down on time-consuming tasks. Here are six features our clients tell us are tools they don’t want to live without:

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