UK News
Global award series focused on innovation aligned with business strategy
Prosperoware, a leading enterprise software company delivering innovative technology to transform the business of legal and professional services, today announces its sponsorship of the Legal Technology Team of the Year Award at the 19th Annual Legal Business Awards to be held Thursday, 7th April, 2016, at the Grosvenor House in London.
The award designation recognises law firms and chief information officers (CIOs) that have pushed through innovation and secured competitive advantage and engaged with their organisation’s strategy and business model to make a central contribution.
While dramatic shifts in the market accelerate, law firms are increasingly leveraging technology to not only meet the new market demands, but to also anticipate and prepare for the quickly arriving future. A legal talent/future business strategies report just released by Deloitte boldly forecasts a radical tipping point for the legal industry by 2020, advising those firms that want to succeed to “have a clear strategy for dealing with changes in client demands, technological innovations, the regulatory landscape, and policy developments – if they want to remain competitive.”
One of the fundamental shifts taking place within firms is the shift from a revenue culture to a profit culture. Firms have begun computing profitability of matters using business intelligence and empowering their professionals to understand cost of production by leveraging modern performance metrics such as margin. The industry’s more innovative firms already are enabling lawyers with the appropriate tools to identify and select the most appropriate resources and more accurately budget matters; this enables them to provide better client service while ensuring sustainable profitability. This capability is at the heart of Prosperoware’s Umbria Business Intelligence, Budgeting and Pricing platform.
Keith Lipman, President of Prosperoware comments, “Prosperoware is, at a fundamental level, a company whose mission is innovation; to that end, we support innovation in all of its forms, functions, and especially its successes. We are more than pleased to support the technology professionals who have had the vision to lead their firms through important changes by providing their lawyers with innovative tools that will help them succeed. We’re looking forward to an excellent event.”
To learn more about the Legal Business Awards, click here.
To learn more about Umbria for Legal Process Management, click here.
Copyright © 2023 Legal IT Professionals. All Rights Reserved.
We offer organizers of legal IT seminars, events and conferences a unique marketing and promotion opportunity. Legal IT Professionals has been selected official media partner for many events.
