Rippe & Kingston and Iridium Technology have announced a strategic partnership to provide advanced financial insights for firms running the Rippe & Kingston Legal Management System, which includes revenue and expense management, timekeeping, practice management and analytical reporting tools.
The alliance is being pitched as a way to help mid-size law firms go head to head with large global firms, for which they need to have a clear line of sight into pricing and profitability. The Iridium BI platform will power these insights on top of the Rippe & Kingston legal management system, including BI dashboards to improve financial analysis capabilities and help law firms with KPIs. All Iridium BI modules will be made available to Rippe & Kingston clients: Revenue, Profitability, GL+Expense, and Matter Budgeting/Tracking. Both cloud deployment and on-premise deployment will be supported.
Last year Rippe & Kingston, which is based in Cincinnati, was acquired by Chicago-based private equity firm ParkerGale Capital, which it said at the time was to “help scale up and capitalise on the market opportunity in front of us.”
“By partnering with Iridium Technology, Rippe & Kingston is enabling our existing and future clients to raise the level of their firm’s performance,” said Tom Obermaier, CEO of Rippe & Kingston. “Combining Rippe & Kingston with Iridium BI gives Rippe & Kingston clients the best of both worlds: an industry standard finance platform combined with a complete BI stack that includes best-of-breed profitability analysis capabilities.”