News Archive for March, 2006

Time capture expert Ray Deck authored a new white paper for the Institute for Time Capture to help educate the legal community on the benefits of automating the time capture process. This white paper is in a series describing ways to make time capture a zero-click experience for attorneys. You can download more white papers from the Institute at http://www.timecaptureinstitute.org

Law firms have deployed document management, case management, client relationship management and other systems to capture and distribute the knowledge of members and associates. These systems have been major investments, both in the technology itself, and in the setup and training to make it part of the firm.

The key to realizing this value is getting the attorney to provide data to the system. This is actually two challenges: the attorney (or in some cases an assistant) must input data in the first place, and the attorney must populate the fields in the system with useful information that will help the later retrieval or reporting.

An integrated time capture system should accommodate these needs seamlessly, requiring input on the back-end of what version and type of KM systems are deployed, and allowing changes on the fly, so that all the potential time is captured with zero clicks on the part of the user, and minimal input required by information managers.

With automatic time capture, taking the extra ten seconds to attribute the time to the proper client-matter is reaped immediately in appropriate assignment of that time for every time he/she works on that document from then on.

The firm realizes a similar immediate benefit in the form of additional hours captured. The more the timesheet is filled out with useful context, the less the attorney has to ask “what was I doing last week” or “and what client was that for?”

Read the full paper! http://www.element55.com/publications/white-paper-capture-billable-hours-with-km

The paper was written for the Institute for Time Capture, a non-vendor-specific organization for promoting awareness and use of technology to automate the time capture process. The web site is http://www.timecaptureinstitute.org.

Element55, creator of automatic time capture software Legal55, announced that it has joined LexisNexis Interface Software’s InterAction® partner program.

LexisNexis Interface Software is the leading provider of CRM software and services, enabling professional services firms and similar relationship-based organizations to create the Relationship Intelligence they need to uncover new business opportunities and enhance client service. Its flagship product, InterAction®, is a flexible and uniquely designed platform that delivers this Relationship Intelligence throughout the organization, quickly, efficiently and cost-effectively.
Element55 CEO Ray Deck said, “this relationship further solidifies Element55’s commitment to automatically populating the timesheet with the best possible information from the knowledge management systems used by the firm.”
Under the terms of the partnership, Element55 will develop integration points into InterAction, allowing its customers to leverage InterAction contact data directly from the Legal55 environment.

“Element55 is well established in the professional services sector and has demonstrated a strong commitment to quality and service,” said Darryl Cross, LexisNexis Interface Software’s director of business development. “Their time capture solutions are a glimpse into the future of how leading lawyers and law firms will manage their practice in the extremely competitive legal industry. By partnering with strategic companies such as Element55, we continue to strengthen the depth and breadth of products and services available to InterAction customers.”

Element55, a division of eGlean, Inc, is headquartered in Cambridge, Massachusetts. Founded in 2000, Element55 is a rapidly-growing developer of automatic time capture solutions. Legal55 is Element55’s flagship product, offering reliable and accurate automatic time capture. Legal55 version 1.0 was released in July 2002. As of January 2006, the software has evolved to version 5.4, capturing time from dozens of applications, phone systems, and knowledge management systems, and routing time entries to major accounting systems, including CMS by Aderant and Elite by Thomson West. Clients using Legal55 have reported capturing an additional six hours per attorney per month through making the automatic time capture software available to their billable timekeepers. Legal55 Handheld Edition for BlackBerry devices was released in 2005. For more information about the highly respected software offered by Element55, please call (617) 423-0692 or visit the company’s web site at www.element55.com.

LexisNexis® (www.lexisnexis.com) is a leading provider of information and services solutions, including its flagship Web-based Lexis® and Nexis® research services, to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. A member of Reed Elsevier Group plc [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), the company does business in 100 countries with 13,000 employees worldwide.

LexisNexis Interface Software is the leading provider of CRM solutions enabling professional services firms and similar relationship-based organizations to create the Relationship Intelligence they need to generate new business and enhance client service. Its flagship product, LexisNexis InterAction, is a flexible and uniquely designed platform that delivers this Relationship Intelligence throughout the organization, quickly, efficiently and cost-effectively. Relationship Intelligence is a firm-wide asset that reveals the unique and complex connections between people, companies, relationships, experience and expertise, empowering professionals to leverage who and what they know to uncover new revenue opportunities, differentiate themselves from the competition and enhance client service. InterAction is internet-enabled, allowing professionals to view information however they choose—through knowledge management platforms, corporate portals, intranets, extranets and wireless devices. For more information please visit our website at www.interfacesoftware.com.

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Element55
Ray Deck
press@element55.com
P (617) 423-0692
F (501) 640-1592

LexisNexis Interface Software
John Lipsey
jlipsey@interfacesoftware.com
P (323) 662-039950-3540

Cambridge, MA –The Institute for Time Capture (TCI) opened its virtual doors to promote the automation of time capture in legal and professional service organizations. Time capture is the critical problem for attorneys and professionals who bill by the hour. In contrast to time entry, time capture is the recording of activities in real time so that they can be submitted to accounting.

The mission of the institute is to let the community know that technology can help automate this process. Instead of relying on imperfect memory and trying to enter time on a timesheet, automatic time capture fills out the timesheet for the attorney, minimizing work when it is time to submit to accounting.

Element55, creator of automatic time capture software Legal55, and Airtime Management, makers of AIRTIME For Professionals (A4P®) software, are proud to serve as the founding sponsors of this organization. Said Element55 CEO Ray Deck, “the Institute’s educational mission dovetails with our own of evangelizing automatic time capture, and the Institute can do this in a non-partisan way, focused on the needs of the community instead of the agenda of one particular vendor.”

“What’s interesting are the differences as well as the similarities in our approach to the same business problem, namely the automated capture of billable time and expenses otherwise lost,” said Kirk Fackre, AIRTIME’s VP of Strategic Alliances. TCI provides a forum for billable professionals to explore how technology can streamline time capture while driving up personal and corporate income.”

Founding sponsor Element55, a division of eGlean, Inc, is headquartered in Cambridge, Massachusetts. Founded in 2000, Element55 is a rapidly-growing developer of automatic time capture solutions. Legal55 is Element55’s flagship product, offering reliable and accurate automatic time capture. As of January 2006, the software has evolved to version 5.4, capturing time from dozens of applications, phone systems, and knowledge management systems, and routing time entries to major accounting systems, including CMS by Aderant and Elite by Thomson West. Clients using Legal55 have reported capturing an additional six hours per attorney per month through making the automatic time capture software available to their billable timekeepers. For more information about the highly respected software offered by Element55, please call (617) 423-0692 or visit the company’s web site at http://www.element55.com.

Founding sponsor AIRTIME-Manager was formed in 2003 for the express purpose of developing and delivering innovative mobile time-capture and billing applications. Its core products allow mobile users to monitor and manage their airtime by providing timely detailed information. AIRTIME-Manager’s product portfolio includes Airtime for Professionals (A4P), Airtime for Business (A4Biz), and Airtime for Sales Management (A4Sales). For further information, contact AIRTIME-Manager sales at 877-247-4464 or visit www.airtimemgr.com.

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Contact:

• Element55 Ray Deck press@element55.com
• AirTime Manager Kirk Fackre kfackre@airtimemgr.com

LTN covered our recent alliance with MA3000. It’s brief, but check out the article in print or online!

We have a new calculator to let you estimate how much revenue is slipping through your firm’s fingers due to manual time capture.

Give it a try, then check out our free webcasts and white papers on how automatic time capture can re-capture those billable hours.