THOMSON REUTERS ELITE  

SUMMER 2013 EDITION

Forefront Forefront

Welcome to Forefront, a newsletter created to help you, our clients, better leverage Thomson Reuters Elite partner expertise and knowledge. In this issue, you will find informative and interesting articles from our partners covering important industry topics and trends.

IN THIS ISSUE


How Do You Gauge Your Firm's Financial Health?

When considering the term financial health, one might begin looking at the available funds in the various bank accounts belonging to the firm. While this may be a great place to start, watching your firm's cash flow on a regular basis and looking at the issues behind the cash flow may be the best indication of your firm's overall financial health.

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Top Tips on Cloud Computing

Check out this video for tips on cloud computing filmed at the recent LawTech Futures 2013 conference by managed service provider and legal sector specialist e-know.net. The video brings together a host of tips from IT experts like McAfee and Google to heavyweights in the legal sector such as law firms who have made the move to cloud computing.

e-know.net video

Watch video »


Automated Expense Management
Benefits of Rules-Based Expense Reporting

According to 2012 research by the Aberdeen Group, the average organization spends 8% to 12% of its annual budget on travel, entertainment and employee reimbursable expenses.An expense policy is the starting point for managing these challenges more effectively.

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How Kestrel Tackled the Jackson Reforms

By now everyone has heard about the Jackson Reforms which came into effect in this year. But whilst everyone has now heard about these reforms, managing these risks will require considerable cost and case management skills, which has left some legal firms uncertain as to how they will meet this requirement.

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NEW PARTNER
DIRECTORY

Click here for a list of Thomson Reuters Elite partners.

PEER MONITOR INDEX

Q1 Report
The Thomson Reuters Peer Monitor Economic Index rose six points to 56 in the fourth quarter following two consecutive quarterly declines.

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THANK YOU

Thomson Reuters Elite thanks our VANTAGE 2013 Conference sponsors and exhibitors.

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Thomson Reuters Elite thanks our VANTAGE ProLaw Virtual Conference 2013 sponsors.

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Thomson Reuters Elite thanks our VANTAGE Melbourne sponsors and exhibitors.

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Welcome New Partners

Quorum Network Resources Ltd.

STM INFO Bilgi Hizmetleri ve Yayincilik San. Tic. Ltd. Sti.

Sophus Consulting

Fusion IT Management

Legal Workspace

C24 Ltd.

eKnow.net Limited

DW Reporting

Innovation Software

HardingLowe, LLC

Moneypenny

INDUSTRY TRENDS

What Makes Client Relationship Management Successful in Professional Services Firms?

Successfully implementing an effective Client Relationship Management system can have significant benefits for firms but there are specific keys to success.

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What Law Firms Can Learn from Professional Services Organizations to Increase Profitability

The current market analytics prove that the legal industry has heated up with increase competition and price pressures. As business development activities grow, it is essential for firms to understand the key financial drivers that will help protect profit margins.

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Cash Flow and the Strategic Advantages of Leasing Technology, Software and Equipment

Harvard Business Review author Rita Gunther McGrath suggests that in the new economic climate decision makers should focus on positioning companies to remain flexible and agile, shortening those decision cycles in order to position themselves competitively. Leasing technology, software and equipment is a strategically advantageous option leveraged to provide key elements of the flexibility and quick decision making necessary to thrive in this fast-paced market.

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PARTNER SPOTLIGHT

Obero Solutions

Obero

In order for organizations to accurately measure performance and make strategic decisions in a timely manner, it is important for them to have effective Budgeting, Forecasting, and Financial Reporting processes in place. A Performance Management software solution such as Clarity unifies these financial processes to provide actual, real-time data that facilitates improved decision-making.

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