Join Fraser Mayfield and Joe Zoghbi on Tuesday, April 17th for two quick, informative seminars at Lexpo'18.
Law Firm Profitability: Trends and Dynamics from a Global Market Perspective
This session will provide an executive overview of the latest insights and business drivers in law firm profitability analysis and reporting with the global legal market. This session will highlight the current trends and upcoming developments for profitability analysis and reporting by firms in the US and other regions. The session will include numerous "mini case studies" to show how trends are being applied by firms.
Improve your approach to Pricing with Iridium BI
This session focuses on addressing the challenges faced by law firms in regards to accurate pricing. The session will focus on helping legal and pricing professionals to:
We hope to see you there!
Iridium Technology, a global provider of BI solutions for law firms, is proud to announce a new partnership with Solex, a consultancy and technology services company based in the Cayman Islands, to bring leading BI solutions to off-shore firms. Solex's mission is to help clients choose and master the business technology landscape that will enable them to achieve their competitive edge.
The Cayman Islands-based team of consultants for Solex have an average of 20 years’ experience in areas such as Finance, Information Technology, Compliance, Risk and Project Management. Their extensive knowledge and experience with a variety of organizations in multiple industries gives Solex a unique perspective of a global marketplace.
Iridium Technology is focused on "Business Intelligence for Law Firms. Period." The Iridium BI product line offers a complete business intelligence solution designed specifically for legal and professional services firms. 70 leading global law firms have signed up for Iridium BI, ranging from 40 timekeepers to over 3,000.
"We are incredibly excited about joining forces with Solex to offer BI implementations to offshore firms," states Tom Jones, CEO/Founder of Iridium Technology. "We have worked with the Solex founders on past BI implementations, and we are impressed with their capabilities. Iridium plus Solex will be a powerful combination for offshore BI projects!"
Dawn Thomas, Director/Founder of Solex, says “We are excited that Solex’s regional implementation team will be working together with Iridium to deliver BI projects to offshore law firms. Having worked with Tom and the Iridium team for a number of years, I have always been impressed with their high-caliber business intelligence solutions as well as their focus on customer service excellence."
Please contact firstname.lastname@example.org to learn more.
Iridium Technology LLC, a global provider of BI Solutions for law firms, is proud to announce another year of record growth in 2017. Iridium signed up 21 new law firm clients globally in 2017, bringing their total client count to 66 at EOY, a 46% increase in customer count. Three more firms have already signed up in 2018. New Iridium clients in 2017 included five more AMLAW 100 firms, bringing the total to 15. All 21 new firms were signed up under Iridium’s subscription-based fee model. “We are incredibly pleased with these results” states Tom Jones, CEO of Iridium Technology, “Our continued focus on ‘Business Intelligence for Law Firms – Period’ has allowed us to develop the products and services that leading law firms are demanding.” New Iridium clients signed up in 2017 include Capsticks, LeClairRyan, McCarthy Tétrault, and Miller Thomson LLP. Iridium continues to provide fully customized BI solutions for each client, and most customizations are covered by the monthly subscription fee. 87% of Iridium clients did not pay a single billable dollar for customizations in 2017, and only 3% of Iridium’s revenue comes from billable fees. “We view our clients as our partners,” states Jones, “so we do not continually hand them SOW’s for customizations.”
To keep up with demand for the Iridium BI product line, Iridium added ten new team members in 2017, bringing the total to 30 team members. The worldwide consulting organization now boasts 18 full-time BI consultants that are working 100% on client implementations. Iridium now has implementation personnel in all regions where they do business: US, Canada, EMEA, and APAC. The dedicated product development team has also grown to five full-time members. Additionally, Iridium made two key management hires, bringing on COO Joe Zoghbi (formerly Managing Director of Minisoft/ARCS) and Programme Director UK/EMEA Fraser Mayfield (formerly Product Director for LexisOne). “We continue to be a technology-driven firm” states Jones. “25 of our 30 employees have degrees in Computer Science. Our deep technical capabilities and passion enable us to continue to extend our world-class legal BI solution and our excellent customer service. Iridium's average customer NPS score in Q4 2017 was 9.2/10. Please watch for some exciting announcements in the coming months.”
Iridium Technology is focused on "Business Intelligence for Law Firms. Period." The Iridium BI product line offers a complete business intelligence solution designed specifically for legal and professional services firms. Four modules are available: Revenue, Profit, GL+Expense, and Matter Budgeting. Each module consists of a full-featured cube and a complete set of high-performance dashboards. Iridium BI works with the Elite Enterprise, Elite 3E, and ADERANT Expert practice management systems. The solution was designed based on Iridium's 70,000+ hours of Legal BI experience. All content can be customized based on the firm's business practices, terminology, and financial calculations. Law firms deserve better BI than they are currently getting: better cubes, better dashboards, better value, and better service. 69 leading global law firms have signed up for Iridium BI, ranging from 40 timekeepers to over 3000.
For more information, please contact email@example.com.
Iridium team members are scheduled to attend over 20 events in 2018 as part of an organization-wide strategy to increase outreach efforts and connect with clients around the world. Below are the events we will be attending first quarter:
2018 has already proven to be a very successful year for Iridium with three firms signing up for Iridium BI in January alone!
Keith Dunn has joined the Iridium Team as a Senior BI Developer/Consultant! Keith joins us from Womble Carlyle, where he served as the Financial Systems Manager for 17 years. Keith was also a board member of the Aderant Expert User Community for several years. We are incredibly pleased to add a new team member with such extensive legal and technical experience. To learn more about Keith, please visit his Iridium team profile and his LinkedIn page.
Abdullah Sohail is a graduating senior from Waterloo University in Toronto joining us for a four-month "co-op" experience. If he is successful during the co-op period, we will transition him to a full-time role he graduates. Check out his team profile here!
This week, Iridium Technology celebrates its eighth year of providing "Business Intelligence for Law Firms. Period." We thank our clients for their support in achieving this milestone!
Iridium Technology is proud to announce that we have now helped fund 196 entrepreneur loans in 65 countries through Kiva, an international nonprofit that supports people looking to creating a better future for themselves, their families and their communities. Check out Iridium's loan portfolio at www.kiva.org/lender/iridiumtechnology.
Iridium will be hosting three 45-minute sessions this week to highlight the new features of the 2017.03 release. Click on the links below to register for a session. We'll see you there!
I have a passion for language and mathematics-and initially opted for a French major for my university degree. Computer Science swept me off my feet as I was immediately drawn to the language-oriented nature which combines math and creativity.
I’m planning to graduate in Computer Science and Engineering with a minor in Mathematics in May of 2019 from the University of Nevada in Reno.
So when I learned of a new opportunity to work as a BI Intern at Iridium Technology, I jumped at the chance. I was drawn to the culture of working from home, where self-motivation is challenged. My co-workers are across the world, which enhances my understanding of cultures while working alongside some of the most talented people I’ve had the pleasure to meet! The best part is that knowledge is valued throughout the company, so my studies are always prioritized.
Seeing what the impressive developers do for Iridium is inspiring and motivating as I close out my degree. I love seeing the hard-working culture of Iridium translate into a real working product that clients rave about and use to improve their businesses. As an intern, I get to see the “inside scoop” of the business operations within Iridium and witness the company grow every week into something bigger.
As the company grows, so does my excitement to be a part of a company at the forefront of Business Intelligence.
- Ash Ladouceur
For more information on how you can join the team, visit the Join Us page.
Iridium Technology's "key players" were in Reno last week for the Iridium Key Players Summit - a week of strategy and planning for 2018. "This event was a huge success for us, and there was a huge synergy in finally getting all of our remote key players in the same room" said Iridium Technology CEO, Tom Jones. The summit enabled the team to clarify Iridium's core values, publish a product roadmap, set a release schedule and release features, strategize technology plans, and much more! For more information on all Iridium has to offer, visit our products page.
Iridium is proud to announce that Programme Director – EMEA, Fraser Mayfield, will be presenting at The London Law Expo/European Legal Security Forum on October 10th. Fraser works closely with firms using Iridium BI to implement profitability, revenue analysis, matter pricing and reporting solutions. Learn more about Fraser and The London Law Expo/European Legal Security Forum here.
We are excited to announce that we are sponsoring the Briefing 5P Conference in London! The conference will focus on progressing a more inter-dependent, project-based way to deliver legal work, increase profits and retain clients.
Iridium Technology is now a household name for leading law firms when it comes to business intelligence. With more demos, client meetings, and booth traffic than ever, it was quite common for firms to come up and tell us about the great things they had heard about our products. Many of our current client contacts, who we had never met, came up to tell us how pleased they were with their implementation and their support team at Iridium. Iridium’s President, Tom Jones, also co-presented with Suzanne Koch from Nyemaster Goode on a spectacular BI Panel. Thanks again to all of our clients for getting the word out about Iridium.
Yuwadee (“Yu”) has finished up her Junior year, and has just started classes for her Senior year. She is on track to graduate with a degree in Business/Accounting next Spring. She is taking a mix of accounting, business management, and computer courses. Most importantly, she is really excelling as a student and has a cumulative GPA of 3.44! Tom and Yu exchange emails on a weekly basis, with Tom’s wife Lek serving as the translator (Let’s just say that Yu’s English language skills have not improved as quickly as she has made progress in accounting and computers). Lek and Yu regularly chat on Facebook, so we are closely connected with her progress.
The first Legal IT Social event was hosted in Toronto in July 2017. We started out small with Iridium hosting an intimate gathering for their clients in Toronto. The event was a big success: we had 20+ attendees from six firms, and several Legal IT consultants from Toronto also attended. The one word summary for the event would be FUN. We had a great venue at The 3 Brewers restaurant. The Toronto Legal IT community is very close knit, and this was great opportunity to bring together peers that have known each other for years. The success of this event resulted in two promises: we will host another event every time Tom is in Toronto, and we will bring these type of events to other cities.
We are pleased to announce that Joe Zoghbi has joined the company as Chief Operating Officer. Joe will be responsible for global company operations. He will also be facilitating Iridium’s long-term business partnerships with clients and vendors and helping to extend the firm’s market presence in all regions.
Joe comes to Iridium with decades of experience working in the legal and professional services industry. Joe has an MBA, as well as extensive experience in helping law firms leverage the right technology to streamline efforts while maximizing returns. For the past seven years, Joe was the Managing Director of Minisoft, Inc., a global leader in collections software for law firms. Joe successfully managed Minisoft through major growth and the rollout of multiple new product lines, while continuing to maintain high levels of customer satisfaction.
Our new Matter budgeting and planning module is off to a strong start, with seven wins in the first month of product availability!
The first half of 2017 was great for Iridium, with the signing of 16 new clients for our BI solution. The clients were in all regions, and ranged in size from 80 to 2000+ timekeepers. Wins were posted for firms running Aderant, Elite Enterprise, and Elite 3E.
The Big SIX-OH! Iridium has signed up 15 clients YTD, that brings us to the milestone of SIXTY Iridium BI clients! We have continued to scale our organization to support our growing client base. Thanks to all of our clients you for your support, and especially for taking reference calls!
Iridium is pleased to attend the Elite Vantage Worldwide Conference in Orlando as a Platinum sponsor. Tom Jones, President of Iridium Technology, states “Vantage will be a great opportunity to strengthen our ties with the Elite team and the Elite client base. We are pleased to represent the Elite BI Marketplace at this premier event.”
Matter Module v1.0 has Shipped: The first version of the Matter module is now available, and focuses on the first major deliverable - creation of matter budgets. We are very proud of what our development team has accomplished with our v2017.1 release, but we are not giving them any rest; they have already started on the next release. v2017.2 will focus on adding enhancements from the first clients, and building a first cut of the LPM (Matter Tracker) capabilities.
Iridium attended the Aderant Expert User Community meeting in Chicago during May, and was pleased to host the annual “BI and Profitability Roundtable” for the seventh straight year. This is a great opportunity for Iridium to connect with Aderant clients, and highlights our position as the dominant BI solution for Aderant firms.
The Ark Group’s 6th annual “BI and Analytics in the Legal Profession” conference will be held in New York on April 27, 2017 at the Princeton Club. We will explore some of the greater challenges and opportunities inherent to our shifting legal business ecosystem – and how effective BI can help firms to engage in an evolution that impacts both the business and the practice of law. Our President, Tom Jones, will be serving as the conference chairman and is looking forward to some lively discussions. We hope you will join us, along with your industry peers this April in New York, as we collectively address the increasing prevalence and significance of data analytics and visualization tools — and how law firms are responding to an evolving business landscape in which they must reconsider how they compete.
The Ark Group’s 6th annual “Mechanics of Law Firm Profitability” conference will be held in San Francisco on April 5, 2017 at the Marines Memorial Club on Union Square. Iridium Technology is pleased to be the lead sponsor for the event and to have our President, Tom Jones, serving as the conference chairman. Please join us for this exciting event to learn what law firms must know about profitability, matter management, and best business practices. We will collectively examine and discuss what law firm profitability truly entails, as well as the continued evolution of matter management (tools and methodologies)—shedding light on how firms are marshaling their resources to provide the necessary framework, metrics and leadership to manage the business of law more strategically and more profitably.
Iridium has confirmed that we will be attending ILTACON for the fifth straight year. We have signed up as a Gold Sponsor for 2017. Tom Jones, President of Iridium Technology, states “ILTACON is our biggest and most productive event of the year. We close a lot of business at ILTACON, and the Gold level sponsorship shows our commitment to this incredible event".
Iridium is excited to partner with Thomson Reuter and strengthen our existing Elite Alliance Partner Status. Available to 3E and Enterprise clients and clients upgrading from Enterprise or moving from competitor solutions, BI Marketplace is a collection of business intelligence products provided by a select group of partners. Designed as a central location to house each product, clients can pick and choose the offering that best fits their specific needs.
2016 was a great year for Iridium Technology – incredible actually. First and foremost, we want to thank all of our clients: it is a pleasure to work with them, and we are lucky to have such a fantastic group of client contacts
As part of our December “Giving Back” Initiative, Iridium would like to remind our client contacts that Iridium will sponsor any charitable endeavors. Whether it is for a jog-a-thon for cancer, sleeping in the park to raise awareness about homelessness, fundraising for Juvenile Diabetes, etc, we are more than happy to contribute to your cause. Our typical donation is $100 for any request. Over the years, we have proudly supported dozens of charitable organizations. So to all of our client contacts: Remember to hit us up!
Annual Toys For Tots donation from Iridium’s President, Tom Jones: “This has been a Jones family tradition for the past 10 years. Each year, we head to Toys "R" Us to fill a shopping cart for Toys For Tots. In addition to helping others, it is a great reminder for my boys that they have a lot to be thankful for. Please consider donating to this worthy cause.”
Iridium is proud to have set up monthly donations to the Rainforest Alliance, Durga Tree International, #EndSlaveryNow, Black Girls Code, and the Wounded Warrior Project for this holiday season and upcoming year.
We have added three new members to the growing Iridium team. Please go to the Iridium Team Page to review their profiles and learn more about Barry, Kim, and Courtney.
Iridium continues our streak of adding two new law firm clients per month. We have signed up five new clients for Iridium BI in the last six weeks!
Iridium was pleased to attend the 21st Annual Law Firm Leaders Forum in NYC as a Gold Sponsor. Yet another great event from the folks at the Thomson Reuters Legal Executive Institute.
Iridium was pleased to attend the 15th Annual Law Firm COO & CFO Forum in NYC as a Gold Sponsor. Yet another great event from the folks at the Thomson Reuters Legal Executive Institute.
Iridium was pleased to attend the Thompson Reuters Elite Vantage 2016 London conference as a Gold Sponsor. The event was well attended and flawlessly executed. Thanks to the gang at Elite for making this a great event.
Be sure to stop by Booth 335 to get a demo of the latest release of Iridium BI and meet our staff. Tom is also participating as a panel member in the “Business Intelligence Showcase” session on Tuesday. ILTACON is always an awesome event – we are looking forward to meeting with our clients, friends, and prospects. Come on by the booth, and prepare to be impressed with the speed and beauty of our latest dashboard release.
Iridium is proud to announce that we secured the contracts after a grueling 9-way shootout to become the BI vendor for a large Chicago firm. Nine vendors participated, but in the end Iridium was left standing due to our profitability capabilities and ability to customize to meet the requirements of the most demanding law firms.
Iridium Technology has added four new members to their development/consulting team, including well known Legal IT figure David Maloyed. David has been working in Legal IT for 20 years in a variety of technical, consulting, and implementation roles.
"We are very excited to have David join our team," states Tom Jones, President of Iridium Technology. "His strong technical and project management skills will provide a great boost in helping us to manage our rapidly expanding client base."
"We have also added three additional technical resources," continues Jones. "Two are based in the US, and one is based in EMEA." All three new team members will be involved in product development, implementations, and support. Having an EMEA-based resource now gives us around the clock (24-hour) support for our clients in all regions."
"I have continued to work as an advisor for our local "Gigabyte" girls, and is great to see them coding away. We have had one challenge in the classes, and that is the wireless connection at the Girl Scout club is horrible," Tom says. "This has been frustrating for everyone, so I volunteered to see if we could solve the problem by buying a router (etc.). The Girl Scouts contacted their local IT guys, who responded that the whole wireless infrastructure needed to be upgraded for the building and the cost would be $6,600."
Tom continues, "I called them up and (tactfully) told them that was ridiculous, and that I could probably run the meetings using my cell phone as a hot spot. That put them in a "problem solving mode", and we then had a brainstorming session about how to solve the problem for the girls at a reasonable price point. After a week of discussions and diagnostics, it was discovered that some of the existing equipment was faulty and could be replaced by Dell under warranty. Total cost: $600 service charge. This lesson (ask questions and stand up for yourself!) will certainly be shared with the girls at our next meeting!"
Iridium attends the Janders Dean Law Legal Horizons Conference in Chicago. No one can say it better than Justin: “We don’t do “same-old, same-old. We don’t do static and stale conferences with the predictable roster of speakers. What makes our event different? This gathering has been developed and planned not by a conference company, but by the combined team of experts from the legal education and consulting fields – a group of recognized global thought leaders who work day-in and day-out at the front line of legal services transformation.”
This premier event is hosted by the Thomson Reuters Legal Executive Institute, and is always well attended by industry leaders. Iridium is a Gold Sponsor, and we are looking forward to meetings with law firm leaders. Tom will also be participating in a panel discussion on “Chasing Profitability: The Evolving Law Firm Staffing Model".
Iridium Technology posted very strong first half results, including signing up twelve new clients since January 1st -- an average of two new clients per month. Iridium wins included four AMLAW 100 firms. The new clients represent all regions where Iridium does business: the US, UK/EMEA, Canada, Caribbean, and Asia/Pacific.
"We are clearly establishing ourselves as the preferred BI solution for sophisticated/demanding firms," states Tom Jones, President of Iridium Technology. "Iridium fully customizes our dashboards and cubes for each client, but also provides a BI platform that enables clients to stay on the latest release while preserving their customizations. Sophisticated firms recognize Iridium as the vendor that has an unmatched history of delivering the toughest requirements, and doing it on a quick turnaround."
Iridium Technology is sponsoring Gigabyte Girls, a club for all girls in grades 6-12 who have a passion for learning all things tech-related. It is being run through the local Girl Scout troop, and is the first Gigabyte Girls club in the US. President of Iridium Technology, Tom Jones, after reading about the club in the local paper is now volunteering for the group. The club is in its infancy, but we have already established a group of about 10 girls that are regular attendees.
There are two benefits to our sponsorship: we'll be focused on teaching programming while also bringing more women into STEM careers. Iridium's role with Gigabyte Girls is still evolving and more updates will be on the way! Read more about Gigabyte Girls here.
Heading to Toronto to visit our clients and participate in a “BI cage match”. Many vendors enter the Octogon, but which vendor will emerge with the new client? (Follow-up: Iridium won!)
Iridium is proud to attend the ALA Conference. We look forward to seeing our friend, clients, and prospects at this great event. ALA events are always well attended and Iridium to sign up new clients, so we are really looking forward to the conference.
Thomson Reuters Elite, part of Thomson Reuters Legal, today announced that it has signed Iridium Technology as an Alliance partner to provide 3E® and Enterprise™ clients with a highly customizable business intelligence (BI) solution. The company’s flagship product features a comprehensive set of dashboards designed to give firms a complete overview of business performance and operations.
Elite clients can take advantage of Iridium Technology’s BI product line, which provides four powerful modules of analysis: GL, Revenue, Expense, and Profit. The informative cubes support extensive customization per business specifications, providing clients with highly-focused analytics that measure the full spectrum of performance and profitability. The Iridium BI profitability module is fully configurable based on client requirements.
See more: here
Yuwadee ("Yu") is in the progress of finishing up her sophomore year, and has remained as a Business/Accounting major. She is taking a mix of accounting, business management, and computer courses. Most importantly, she is really excelling as a student and has a cumulative GPA of 3.55! Tom and Yu exchange emails on a weekly basis, with Tom's wife Lek serving as the translator.
When Yu was selected as the first Iridium Scholar, we promised to pay for her entire university education as long as she kept her GPA over 3.4. She is keeping her side of the agreement, and we are keeping ours! We send her monthly deposits to cover academic fees, apartment, utilities, books, special expenses, and even spending money. We keep her laptop running, cover her bus fares to go back and visit her family, purchase school uniforms, etc. We also give her a bonus for every "A", and she can use that money any way that she chooses.
In Yu's words (translated): "I am so lucky to have received this scholarship, and I am trying my hardest to get good grades and be a good student. I am enjoying the university, but I must say that this is the hardest I have ever worked in my life! I will finish my sophomore year with good grades, and I am looking forward to returning to my home town to see my family in the summer. Thank you to Tom and Lek and the team at Iridium for making my education possible."
Yu is doing a great job at the university, and we are pleased to see her excellent grades and work ethic. Yuwadee will be the first person in her family to earn a university degree. Thai families are incredibly close knit, and Yu's employment opportunities as an Accountant will help to raise her entire family out of poverty. We are pleased to be able to sponsor her, and are committed to covering her expenses through graduation.
Iridium is pleased to announce that they are heading to Australia to attend the ChilliIQ 9th Annual Managing Partners Forum. Tom and Bruce Heaney (Account Manager – APAC) will spend the last week in February meeting with Iridium clients and prospects to show them the new dashboard release. The week will then culminate with the MPF conference in Byron Bay. It’s summer in Australia, so Tom will need to break out the sunscreen to keep his “programmer tan” intact…
Iridium Technology has concluded their annual customer satisfaction survey, and the results were stellar! The survey was conducted in January 2016, and gathered feedback on Iridium's 2015 performance from their growing client base. The survey assessed how satisfied clients were in 24 different areas. A 1-to-5 scale was used where a 4.0 indicates "Very Satisfied" and a 5.0 indicates "Highly Satisfied".
The highest areas of achievement are listed below with average scores in parentheses:
Tom Jones, President of Iridium Technology, states, "We are once again extremely pleased with the survey results. We take client satisfaction very seriously, and it is great to get such positive feedback from our clients. The 2016 results were our best ever, and we have already been doing great in previous years. The results show that Iridium's commitment to high quality products and excellent customer service are providing great results for our clients. Please contact me if you would like a complete write-up of the survey results.