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Cloud Marketplace: Stretch Your IT Budget by Partnering with Legal
With global financial insecurity prompting businesses to tighten their belts, every corporate department is trying to do more with less. IT is no exception. But the explosive growth of Big Data makes it harder than ever for IT to both manage its enterprise technology infrastructure and support the business's operational and strategic needs. In addition, new federal, state, and international regulations governing data privacy and security have complicated data management.
Legal teams lean on IT for support with discovery, legal holds, and data subject access requests (DSARs). But while every additional project saps IT's budget and resources — which are already stretched thin — interdepartmental collaboration offers an opportunity to stretch the organization's overall technology budget. IT teams that work with other internal business units can better contain costs, address data challenges, and improve governance by taking advantage of the cloud marketplace.
|Cost Control: Buying Software on the Cloud Marketplace Saves Money
Despite budget constraints and cost-cutting initiatives, organizations striving for growth still need to acquire software. Fortunately, cloud marketplaces like AWS, Google Cloud, Microsoft Azure, and Red Hat are revolutionizing the technology procurement process, offering a range of curated third-party solutions for every industry and business function.
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Top 5 Strategies for Managing the End-of-Year Collections Frenzy
End of year collections are crucial for law firms because they allow them to maximize their revenue for the year, impacting profitability, partner distributions and bonus calculations by ensuring outstanding invoices are paid before the year closes, which is especially important for meeting financial targets and managing cash flow throughout the firm.
The Self-Service Buyer Is On the Rise
Law firms and companies in the professional services space must recognize that clients are conducting extensive online research before making contact. Prospective buyers are no longer waiting for meetings with partners or business development professionals to understand the firm's offerings. Instead, they are seeking out information on their own, and they want to do it quickly and efficiently.
Should Large Law Firms Penalize RTO Rebels or Explore Alternatives?
Through a balanced approach that combines incentives with accountability, firms can navigate the complexities of returning to the office while maintaining productivity and morale.
Sink or Swim: The Evolving State of Law Firm Administrative Support
The paradigm of legal administrative support within law firms has undergone a remarkable transformation over the last decade. But this begs the question: are the changes to administrative support successful, and do law firms feel they are sufficiently prepared to meet future business needs?
Tax Treatment of Judgments and Settlements
Counsel should include in its analysis of a case the taxability of the anticipated and sought after damages as the tax effect could be substantial.