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Lars Bauer

Sorry Westlaw and Lexis - The Days of Passing Charges to Clients Are Numbered | 3 Geeks... - 0 views

  • Over the past 25+ years, the model of passing through the expense of online legal research to the client created a system where operating profits for the vendor were over 30%, and law firms felt immune to the total costs of using online research. Clients were paying the majority of the costs of online research, but had no voice in setting the price negotiated between firms and the vendors.
  • At one time, it was common for firms to charge clients more than they were paying the vendor for the online research product, and were able to make an additional profit. When the Model Rules of Professional Conduct prohibited these charges with Rule 1.5, many firms implemented a 100% recovery model where online resources could only be used if the charge could be passed to the client.
  • ost say that over the past 10 years, the percentage that the firm is paying out of pocket has steadily increased from under 10% out of pocket costs, to now almost 50% out of pocket cost.
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  • Firms are now scrambling to cut costs of online resources by either cutting subscriptions, or going back to models requiring that online resource tools only be used when that cost can be passed through to the client. With firms now considering alternative fee arrangements with clients, the model of passing online research costs to clients will come under even more scrutiny.
  • Alternative fee agreements and the general move away from the generic hourly-billing rate will mean that firms will need to have a different negotiating strategy with the online legal research vendor. No longer will online research be seen as a pass-through cost to the client. Because the client will not be paying the attorney by the hour, they will not buy the idea that online charges are saving them money because it saves the attorney time. Clients will say that firms will need to bear the burden of the online research because, if it truly saves them time, then that means they should be able to spend less time on the client’s matter, thus the savings is really a benefit to the firm.
  • Those 30% profit margins are not sustainable as alternative fees become a larger percentage of how law firms generate revenue.
Lars Bauer

Alfresco ECM is 96% cheaper than legacy ECM vendors? | ecmarchitect.com - 0 views

  • If you are evaluating ECM solutions, particularly if you are interested in cost, you need to take a look at Alfresco’s TCO Whitepaper. In it, Alfresco uses licensing numbers they snagged from the United States government to compare the first year costs of their solution with EMC/Documentum, OpenText, and Sharepoint.
  • So what’s the fine print? Here are some considerations…
  • The paper shows that for document management plus collaboration and integration with SharePoint, you’d have to pay EMC/Documentum $863,937.98 for a 1000 user configuration as opposed to $318,738 for SharePoint and $33,500 for Alfresco for similarly-sized systems with equivalent functionality. Those numbers exclude the supporting infrastructure software.
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  • Alfresco does a good job of avoiding Marketing speak for the most part and simply laying out the facts.
  • The numbers Alfresco used are from a government price list. It isn’t clear to me whether those numbers are “list” or are a negotiated, reduced rate, but from my past experience with Documentum, I’d say they are closer to list.
  • A portion of the “first year’s cost” is maintenance and that recurs every year. For Alfresco you are only paying for maintenance, so the entire $33.5k will be due every year. Using the numbers from the whitepaper your Documentum maintenance bill would be about $115k every year.
  • Alfresco showed a 2-CPU configuration for their 1000-user config priced at $33,500 which included a test server. Then they showed a “high availability” config with a $9,250 up-charge. But they didn’t double the procs. If you’re going to be HA, you’ll need at least two of everything.
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    Jan 9, 2009
Lars Bauer

Integrated library system - Wikipedia, the free encyclopedia - 0 views

  • An integrated library system, or ILS, is an enterprise resource planning system for a library, used to track items owned, orders made, bills paid, and patrons who have borrowed.
  • An ILS is usually comprised of a relational database, software to act on that database, and two graphical user interfaces (one for patrons, one for staff). Most ILSes separate software functions into discrete programs called modules, which are then integrated into a unified interface. Examples of modules include: acquisitions (ordering, receiving, and invoicing materials), cataloging (classifying and indexing materials), circulation (lending materials to patrons and receiving them back), serials (tracking magazine and newspaper holdings), and the OPAC (public interface for users). Each patron and item has a unique ID in the database that allows the ILS to track its activity.
  • In the United Kingdom, ILSes are sometimes referred to as "library management systems".
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  • Open-source Evergreen Koha PMB NewGenLib
  • Proprietary Dynix from SirsiDynix Horizon from SirsiDynix Symphony from SirsiDynix Talis (UK and Ireland) Unicorn from SirsiDynix Voyager from Ex Libris, formerly from Endeavor Millenium from Innovative Interfaces, Inc. Virtua from VTLS ILMU from Paradigm Systems and Universiti Teknologi MARA (UiTM)
Lars Bauer

Shook, Hardy & Bacon Selects Recommind for Firmwide Information Management | Reuters - 0 views

  • Recommind, a leading provider of enterprise search, automatic categorization and eDiscovery systems for enterprises and law firms, today announced that Shook, Hardy & Bacon, a top international law firm, has chosen Recommind's MindServer(TM) Legal platform to power its internal information retrieval system. The MindServer Legal platform enables Shook, Hardy & Bacon's partners, associates, analysts, and paralegals in nine offices around the world to more effectively search, access and manage information to support client objectives in a cost-effective manner.
  • "We selected Recommind's MindServer Legal platform because our lawyers, analysts, and legal staff found it intuitive to use, identifying not only relevant documents and files, but also the on-point expertise of individual lawyers and analysts in the firm," said John Anderson, CIO at Shook, Hardy & Bacon. "In comparison with other platforms, Recommind's platform was more effective and will take employees less time in the searching process, leaving more time for clients."
  • Shook, Hardy & Bacon has chosen to deploy the following MindServer Legal components: -- Enterprise Search, which utilizes powerful, concept-based search capabilities to connect relevant information in document management, records management, portal and e-mail systems and myriad other applications and databases with the attorneys that need it. -- Matters & Expertise which provides a comprehensive, firm-wide view of matters, deals, cases, and the vast array of expertise contained within a firm by tapping into a variety of information sources such as time and billing systems, CRM applications, intranets, internal firm databases and other information repositories.
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  • Shook, Hardy & Bacon L.L.P. is an international law firm with a legal legacy spanning more than a century. Established in Kansas City in 1889, today the firm has grown to more than 1,507 employees worldwide, with 502 attorneys and 262 research analysts and paraprofessionals. Many of the research analysts hold advanced degrees, in biochemistry, neuroscience, engineering, genetics and physiology. The firm has nine offices strategically located in Geneva; Houston; Kansas City, Missouri; London; Miami; Orange County, California; San Francisco; Tampa, Florida; and Washington, D.C.
  • Recommind customers include the Australian Government, Bertelsmann, BMW, Cleary Gottlieb, Davies Arnold Cooper, Lewis Silkin, Novartis and Shearman & Sterling. Recommind is headquartered in San Francisco and has offices in New York, Chicago, Boston, Atlanta, London, and Bonn, Germany.
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    Tue Jan 22, 2008 8:01am EST
Lars Bauer

Legal Software Company Aderant Announces Next Generation of Business Intelligence for L... - 0 views

  • The 2015 ILTA Technology Industry Survey reported that 51% of law firms have invested in business intelligence, putting the legal industry ahead of the general business community.
  • Based on interviews and usability sessions with over 100 law firms, Aderant developed an entirely new user interface based on easy-to-use configurable screen tiles. Aderant Product Manager Derek Schutz commented, “Our design goal was to enable anyone at the firm to use BI. In the past, only a few highly technical individuals within the firm could use BI tools. Spotlight enables non-technical staff to use and leverage the power of business intelligence technology.”
  • That ease enables wider staff adoption of BI, but it’s Spotlight’s Impact Technology that will drive law firm managers’ desire to use business intelligence. Spotlight Analytics shines a light on specific business performance issues and with just a click of the Impact Technology button, Spotlight links into the Aderant Expert module for the user to take immediate corrective action.
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