Independent Technology & Equipment Lessor • Strategic Partners

Press Room

Loved What You Saw at ALA? Leasing Can Help You Procure the Best of Breed Technology

The 2017 ALA Conference & Expo was a great success and, as always, it was a pleasure to be among the great mix of industry professionals and thought leaders with one focus: elevating our potential. We hope you had a great conference!

A notable part of the event is always the impressive array of technology providers on display in the Exhibit Hall which no doubt can help firms maximize their potential in the new legal market.

Now what?  How can you procure this best of breed technology?

Talk to the CoreTech team about maximizing your software and hardware ROI through leasing or financing. While cash may be a viable option for some firms, leasing and financing condense the decision cycle and the lengthy process to request another large capital expenditure can be circumvented. Financially, leasing beneficially increases cash flow, keeps bank lines of credit open for working capital use, and cuts out of pocket costs for necessary security upgrades, while enabling these new projects in the budget.

In today’s competitive marketplace, law firms must leverage technology to gain an advantage. The good news is that leasing and financing can help your firm arm itself with the most up-to-date versions of hardware and software available to help keep clients’ data secure while staying within a predictable monthly expense.

Let’s continue the discussion we started in Denver.

Contact Scott McFetters, Bill Pitcairn, Mike Henderson or Bob Wallace directly to discuss strategic financial options for your firm’s technology and equipment needs.

How Leasing Can Make Your Information Security Processes Bulletproof

Security issues are cited repeatedly as the number one concern for law firms and most recently topped all other current trends. The 2015 ILTA TechSurvey revealed that nearly half of the 420 law firms surveyed identified security as the number one concern—and with good reason. As recently reported in Legaltech News, 80 of the 100 biggest law firms have been hacked since 2011. This year, firms are estimated to spend more than $6.9 million or 1.92 percent of their gross annual revenues on information security.

Security concerns are a game changer. Not only are clients mandating increased security measures, they are requiring that these security measures be absolute and transparent. Every firm is now beholden to know exactly what technology and equipment it has in its possession, its location, its lifecycle stage, and the established processes required to securely return and dispose of the assets at the end of its useful life.

To learn more, read Scott McFetters’ latest article in Thomson Reuters Elite’s Forefront here. To download a PDF of the full article, click here.

CoreTech Leasing’s President, Scott McFetters, to Speak at the ALA Annual Conference

Newport Beach, CA – May 4, 2016 – Independent technology and equipment lessor, CoreTech Leasing, Inc., announced today that the company is exhibiting and sponsoring at the ALA Annual Conference in Los Angeles at booth #806. CoreTech’s President, Scott McFetters, will present “Mergers, Moves and Leasing” on Monday, May 23rd at 3:30 pm PST focusing on strategic flexibilities offered by leasing a firm’s technology and equipment in multiple situations. The conference, held from May 22nd through May 25th, is one of the largest events of the year for the legal industry.

Law firm mergers are currently at an all-time high, with Altman Weil reporting 91 mergers in 2015 – the largest number since polling began in 2007. Acquisitions and the drive to improve profitability by reducing office space are also top concerns for law firms. Scott’s session will explore how leasing is optimally suited for a world of rapid transitions, and how leasing can give firms the flexibility and quick decision making needed to implement a successful merger, acquisition or relocation.

Scott’s talk is aimed toward seasoned legal administrators who need to make decisions on how to strategically procure technology and equipment while making budget, and anticipating potential needs for flexibility. Attendees will be engaged in analyzing mergers, moves and acquisitions and assessing the strategies leasing provides in acquiring state of the art equipment, hardware, services, and software implementations and upgrades. “Mergers, Moves and Leasing” will empower attendees to develop best practices and determine the best finance decision-making processes for their firms’ needs.

CoreTech Leasing has been a proud, long term sponsor of the ALA Conference and Expo, which is a primary resource for legal administrators and professionals. This year’s conference is expected to have an exhibition hall featuring over 200 vendors, in addition to educational tracks and sessions featuring top thought leaders from across the legal industry.

“The ALA Annual Conference and Expo is one of the most important events of the year for law firms and legal administrators,” says McFetters. “We’re proud to once again be part of it. I will look forward to providing law firm administrators with much-needed tools to understand how to leverage leasing as a highly beneficial financial tool, especially for a law firm market that continues to flex and contract in a very competitive marketplace.”

To read Scott’s article, “Leasing Strategies in a World of Flux,” published in Law Journal Newsletter’s Accounting and Financial Planning for Law Firms, click here.

To download the full press release, click here.

CoreTech Leasing Welcomes Distinguished Sales Veteran, Bill Pitcairn

Newport Beach, CA – April 11, 2016 – Independent technology and equipment lessor, CoreTech Leasing, Inc., today announces that highly regarded sales veteran, Bill Pitcairn, has joined the team as Senior Account Manager. A well-known and highly regarded professional, Pitcairn brings to CoreTech three decades of top tier industry experience in the finance industry and a stellar track record building successful client relationships.  Bill will continue to build CoreTech’s relationships across multiple markets including the medical, education and semiconductor industries.

Pitcairn possesses a distinguished track record in the finance industry, leading all facets of sales functions with an emphasis on strategic planning and revenue growth.  During his tenures across several crucial sectors, Pitcairn’s expertise led him to be elected to Comdisco’s CEO Executive Sales Council where he closed upwards of $160 million in lease and financing structures in one 18-month period, and managed the two largest leasing relationships at AT&T and Verizon.

Bill served as VP of the Northeast Region for GE Capital where he was awarded as one of the company’s top salesman over multiple years; previously as well, Bill was Vice President of Sales at Presidio Technology Capital where he led a multi-million-dollar managed services contract with a major university, and most recently served as Vice President of First Financial Corporate Services.

Pitcairn’s appointment is a substantial addition to CoreTech’s executive team and strengthens the company’s abilities to continue to serve current as well diversify its client base, including an ongoing expansion into the medical, education and semiconductor industries where his leadership will be essential.

 

Scott McFetters, President of CoreTech Leasing, remarked, “We’re pleased to bring a finance veteran of Bill’s caliber onto the CoreTech team.  Bill’s relationships and expertise across the medical, education and semiconductor markets will be invaluable assets to CoreTech clients as we continue to expand our growth in these areas.  We look forward to Bill’s leadership, integrity and tenacity, and welcome him heartily to the team.”

 

Bill Pitcairn added, “I’ve known Scott McFetters and the CoreTech team as highly regarded professionals in the finance industry for many years now.  I am delighted to join the CoreTech team of experts and leverage my diverse knowledge and expertise to continue building on CoreTech’s excellent reputation in the finance market and drive further value for their clients.”

 

To download the press release, click here.

How Leasing Assists Your Firm to Make Your Information Security Processes Bulletproof

This article was featured in the April 2016 LJN Accounting and Financial Planning for Law Firms Newsletter.

By Scott McFetters.

Security issues are cited repeatedly as the number one concern for law firms and most recently topped all other current trends.  The 2015 ILTA TechSurvey revealed that nearly half of the 420 law firms surveyed identified security as the number one concern—and with good reason.  As recently reported in Legaltech News, 80 of the 100 biggest law firms have been hacked since 2011.  This year, firms are estimated to spend more than $6.9 million or 1.92 percent of their gross annual revenues on information security.

Security concerns are a game changer.  Not only are clients mandating increased security measures, they are requiring that these security measures be absolute and transparent.  Management of your firm’s technology and equipment assets now falls under the mandate of these security standards to which law firms must adhere.

Every firm is now beholden to know exactly what technology and equipment it has in its possession, its location, its lifecycle stage, and the established processes required to securely return and dispose of the assets at the end of its useful life.  As security measures evolve, so will the rate of technology equipment refresh alongside it– firms cannot afford the risk of deploying technology beyond its useful life.

Two vital components of your pragmatic information security policy are IT asset management and a refresh program that ensures your law firm is equipped with the most current updated hardware and software.  Leasing, as it turns out, is a financial tool which parallels your firm’s goals to achieve both, assisting your efforts to make your information security program bulletproof.

Click here to download the full article.