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jerryking : invoicing   22

How Ubernomics can transform Canada’s legal diseconomy - The Globe and Mail
MICHAEL MOTALA
Contributed to The Globe and Mail
Published Friday, Jul. 10, 2015

Technologists from other industries hope Ubernomics is a generalizable business model. This month, the MaRS Discovery District launched LegalX, an industry cluster aimed at promoting local entrepreneurship, driving industry efficiency and pioneering new business models. One of its first startups is a service called LawScout. Like Uber, it offers a simple digital platform aimed at connecting small businesses with local lawyers on a fixed-rate basis. Beagle, another product launched at the event, performs rapid contract analysis using a sophisticated algorithm, while providing a platform for social media-inspired collaboration among decision-making teams....Ubernomics is not a panacea for the legal sector. Rather than disrupt it, it will transform. Big firms are here to stay if they embrace innovation. Digital technologies promise more efficient work flows and higher productivity. The shortcomings of the consensus-driven decision-making structure, exemplified by the fall of Heenan Blaikie, suggests more strategic thinking, stronger leadership and a heavier investment in R&D is needed to make legal work more efficient and cost effective......We live in an absurd legal diseconomy. There is an ever-widening gap between supply and unmet demand. Following the Ontario government's tuition deregulation in 1998, University of Toronto law led the charge, raising tuition by 320 per cent under dean Ron Daniels. Other law schools followed suit and continue to do so. This year, U of T law is unashamed to charge incoming students more than $30,000 a year. Not to be left out, the Law Society of Upper Canada recently doubled its licensing fees. The legal academy is aggravating the access to justice crisis by imposing ever-higher rents on the most vulnerable entrants to the profession. A false and parasitic empiricism has evidently burrowed itself in the minds of our country's greatest legal thinkers.

Ubernomics is not a panacea for the legal sector. Rather than disrupt it, it will transform. Big firms are here to stay if they embrace innovation. Digital technologies promise more efficient work flows and higher productivity. The shortcomings of the consensus-driven decision-making structure, exemplified by the fall of Heenan Blaikie, suggests more strategic thinking, stronger leadership and a heavier investment in R&D is needed to make legal work more efficient and cost effective.........
Businesses like fixed-cost projections. The billable-hour model introduces a lot of uncertainty into the equation. Software such as LawScout is unlikely to undermine the legal industry’s biggest players, but it signals that an economic culture shift lies ahead.
arbitrage  billing  contracts  digital_disruption  disruption  fees_&_commissions  invoicing  law  law_firms  law_schools  lawtech  legal  sharing_economy  start_ups  Uber  unmet_demand  uToronto 
july 2015 by jerryking
What’s an Idea Worth? - NYTimes.com
By ADAM DAVIDSON
Published: July 29, 2013 (think about this for WaudWare)

Companies like G.E., Nike and Apple learned early on that the real money was in the creative ideas that can transform simple physical products far beyond their generic or commodity value....we have no idea how to measure the financial value of ideas and the people who come up with them.
fees_&_commissions  invoicing  intangibles  billing  transformational  GE  Nike  Apple  fees  goodwill  professional_service_firms  branding  metrics  time-management  productivity  knowledge_economy  creativity  pricing  value_creation  ideas 
august 2013 by jerryking
Alternative funding grows as UK companies struggle for finance - FT.com
May 19, 2013 5:44 pm
Alternative funding grows as UK companies struggle for finance

By Jonathan Moules,
Freshbooks  invoicing  factoring 
may 2013 by jerryking
Law Firms Raise Rates, but Ease Blow With Discounts - WSJ.com
April 9, 2013 | WSJ | By JENNIFER SMITH
On Sale: The $1,150-Per-Hour Lawyer
Lawyer Fees Keep Growing, But Don't Believe Them. Clients Are Demanding, and Getting, Discounts
law_firms  invoicing  fees_&_commissions 
april 2013 by jerryking
Suit Offers a Peek at the Practice of Inflating a Legal Bill - NYTimes.com
March 25, 2013, 3:36 pm 447 Comments
Suit Offers a Peek at the Practice of Inflating a Legal Bill
By PETER LATTMAN
law_firms  invoicing  Big_Law  fees_&_commissions  billing 
march 2013 by jerryking
'Billable Hour' Under Attack - WSJ.com
AUGUST 24, 2009 | WSJ | By NATHAN KOPPEL and ASHBY JONES
'Billable Hour' Under Attack
In Recession, Companies Push Law Firms for Flat-Fee Contracts
billing  contracts  fees_&_commissions  invoicing  law_firms 
november 2011 by jerryking
Freelancers Fight to Be Paid - WSJ.com
APRIL 27, 2010 | Wall Street Journal | By JOE LIGHT. More Freelancers Fight to Be Paid. Send to Freshbooks
freelancing  invoicing  billing  fees_&_commissions 
may 2010 by jerryking
Making Them Pay - WSJ.com
SEPTEMBER 19, 2005 | Wall Street Journal | by PAULETTE THOMAS
invoicing  billing  accounts_receivable  Freshbooks 
october 2009 by jerryking
Handling Late-Paying Customers - WSJ.com
JULY 17, 2007 | Wall Street Journal | by Kelly Spors. "the
best strategy for handling habitually overdue customers is to quit
working for them. "
invoicing  Freshbooks  Kelly_K._Spors  small_business 
october 2009 by jerryking
TeCHNOLOGY UPDATe
Anonymous. The Secured Lender. New York: Jan/Feb 2007. Vol. 63,
Iss. 1; pg. 108, 2 pgs. The CFA Technology Committee is concentrating
on plans for standardizing the accounts receivable detail aging file
format. With this format, each lender would be capable of interfacing
with each individual borrower's accounts. One problem with producing a
standard invoice is that different industries have different types of
invoices, according to one of the vendors. Another problem with the long
invoice, according to another software vendor, was that in order for
the format to be useful in the factoring industry, it would require at
least two other fields. The accounts receivable product would also be in
XML language.
invoicing  Freshbooks 
august 2009 by jerryking
Web-based factoring
May 2001 | Bank News Vol. 101, Iss. 5; pg. 12, 1 pgs | Anonymous.
invoicing  Freshbooks  factoring 
july 2009 by jerryking
Less paperwork just a click away
January 25, 2007 at 7:51 AM EDT article by DENISE DEVEAU, Special to The Globe and Mail.
small_business  Freshbooks  invoicing  SaaS 
march 2009 by jerryking
Bills Make Room for Advertising
WSJ article by Christopher Lawton on the decision by some
companies to insert ads and promotional offers directly on the bill or
statement
invoicing  ideas  Freshbooks  business_development  advertising 
january 2009 by jerryking

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