Understanding the profitability of your firm is essential to the stability and growth of the practice. Every firm needs to have a solid understanding of its profitability components – the products (areas of law), the clients (those who buy the products), and the attorneys (those who sell, manage, and create the products). Unfortunately, many firms still rely on antiquated systems and manual data entry to collect this data, do not have processes for gathering it, or in some cases, do not collect this information at all.Read More
Now, more than ever, businesses are relying on strong continuity plans to keep their organization operational. The legal market is no exception. Hundreds of law firms across the country have transitioned to working remotely which has presented a series of unprecedented challenges. Law firm leaders and management have been propelled into re-evaluating their existing practice operations, business continuity and technology investments, all while still serving their clients and running their firms.Read More
Whether you’re a seasoned remote worker or you’re adapting to working from home for the first time, you’ve probably noticed one thing missing in your daily work routine – human connectivity. Remote work can be isolating and demands creative ways to engage with your colleagues. There’s no crossing of paths in the hallway and no physical “water cooler” where you can ask your colleague how their weekend or meeting went. It’s these physical spaces that organically allow conversations that lead to collaboration, client success stories and employee engagement.Read More
SurePoint’s customers know its Legal Management System (LMS) cloud solution was purpose-built for remote working:
Until recently, perhaps the most understated benefit of moving to the cloud was built-in business continuity. Aside from significant cost savings, elimination of firm-specific maintenance, seamless updating and uniform training, SurePoint’s Legal Management System (LMS) cloud offering provided the industry’s only built-in continuity risk management: it can be accessed anytime from anywhere.Read More
Automated Clearing House (ACH), also commonly referred to as eChecks, allows for electronic transfer of funds between customers and vendors. Many of us have ACH payments setup throughout our daily lives, including gym memberships, monthly subscriptions, daycare payments and more. If ACH can simplify the payment process as an everyday consumer, wouldn’t it make sense to apply this process to B2B transactions?Read More
Aside from attorneys having on-site meetings with clients, most of the legal industry operates from a traditional office setting. Working side-by-side with your colleagues allows for daily collaboration, the ability to meet face-to-face and the socialization that comes with chatting over your morning coffee. Transitioning from working on-site at your law firm to calling your guestroom your “office” is quite an adjustment for most, but we’re here to help.Read More
Rippe & Kingston Systems, a leading provider of software solutions to law firms, announced today that it has changed its corporate name to SurePoint Technologies (“SurePoint”), effective immediately. The new name is part of a rebranding initiative to better align the company’s name with its commitment to delivering cutting-edge enterprise solutions that help law firms unlock increasingly higher levels of efficiency and financial performance.Read More
Rippe & Kingston, a leading provider of financial and practice management solutions for law firms, is pleased to announce that John Boyd has been appointed Chief Product Officer. Boyd, who brings nearly 20 years of experience leading product teams, joins from GE Aviation, where he served as Enterprise Product Chief Technology Officer.
Rippe & Kingston, a leading provider of financial and practice management solutions for law firms, continues to drive innovation in the legal industry with the release of a new mobile application that makes it easy to accurately track hours and maximize revenue, giving legal professionals the freedom to focus on what matters most – their clients and practice.
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?
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.Read More
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.Read More
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:
Efficiency and productivity often go hand-in-hand to help produce growth in firms. But many tasks you do on a day-to-day basis are time-consuming and unnecessary if you have the right tools and processes in place. John Boitnott writes in his article 7 Tasks You Do Every Day That Waste Time and Cost Your Business Money that one of the biggest culprits in draining productivity and efficiency is the time spent generating, tweaking and distributing unnecessary reports.
In the legal industry, part of the problem is that you’re not only generating unnecessary reports, but that you’re manually creating reports because your legal management system doesn’t have the necessary feature functionality needed to do the work.
As your firm moves from paper-based manual processes to a paperless financial management system, it’s a good time to re-evaluate the types of reports being generated and to question whether they are actually still necessary. When reports are needed, firms can use the following five reporting functions to help cut the time spent generating reports in half, giving you back valuable time for other tasks. Here are 5 must-have reporting functions in your firm’s financial management system:Read More