Rekoop partners with Taylor Mowbray LLP

UK News

09
Apr
2014

Editor

Time capture specialist Rekoop has announced a partnership with Taylor Mowbray LLP, a leading provider of financial training to the legal sector and the authors of the annual NatWest law firm benchmarking report. The tie-up comes at an interesting time for the time recording arena, with a clear trend for switching away from embedded timesheet functionality found in PMSs and embracing instead best-of-breed solutions.

A third of the top tier has already made the move and a further third are actively contemplating it.

But as Rekoop's CEO Phil Wedgwood is keen to point out, time recording is not just about the technology: “We know from personal experience that getting the right system in place is only half the battle, and never likely in isolation to deliver maximum returns. So much about time recording compliance and truly successful adoption comes from addressing the culture of the firm and the behaviours of individuals, in conjunction with deploying the optimum tools. 

Through this collaboration, we are hoping to foster a better understanding of how training and technology together can transform time recording performance; examine common barriers and set out strategies for overcoming them; explore the value of formal policies and how to embed them in the firm; and pass on practical tips and tricks that can have a big bottom line impact.”

Taylor Mowbray's Robert Mowbray added: “Our work together has already demonstrated that a small increase in time captured - 3% or just a couple of units a day, can result in a 10% increase in PEP. And no-one has to work any harder for it at that point. The hard work comes at the beginning, in understanding how to create and sustain a positive time recording environment. This is a great opportunity for firms to address head-on the challenge of profit accountability.”