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
The transition from working in a traditional office setting to that of a distributed team has presented a series of unprecedented challenges for law firms, especially as it relates to technology. Most professionals working in the legal industry did not specialize in Computer Science or Information Technology which may raise concern regarding the management and security of firm and client data.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.
In order to succeed in today’s legal marketplace, law firms can’t rely solely on the information presented through a single income statement to advance their bottom line. Instead, firm management must take a comprehensive look at the multiple components that account for the firm’s overall revenue generation. Incorporating a thorough profitability analysis into your law firm’s end-of-year to-do list is essential in driving the business of your practice forward.
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.