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Seven Areas Small Firms Need to Improve on to Succeed in 2017

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The answer to this year’s success may well lie in last year’s financial reports. According to small-firm success strategist Ann Guinn, attorneys can take steps to increase their profitability and improve client satisfaction this year by closely examining the firm’s previous financial investments. She tells the cautionary tale of an attorney who spent a whopping 97 percent of her firm’s ... Read More »

Perspectives from a first-time attendee at Legaltech New York

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Legaltech New York 2017 was undeniably a key legal technology event. Since this was my first time attending, I was not certain what to expect. Once I learned my way around the multiple levels of the conference center, I experienced overflowing conference sessions, great networking opportunities, a vibrant vendor exhibit hall and interesting conference sessions. Most importantly, I had the ... Read More »

Congratulations On Your New Legal Software! Now What?!

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You did the research. You compared the different options and features and made your choice. You even got the Purchase Order approved (finally). Now it’s time to move into the implementation phase. Set the stage for getting everyone affected by the change, from leadership to staff, working on the same page with these 9 tips for a successful software implementation. ... Read More »

A Blueprint for Legal Department Budgeting and Forecasting – Part 2: Best Practices

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In Part 1 of this 2-part series on legal department budgeting and forecasting, I discussed many reasons legal departments choose to implement matter budgets. I also identified six key benefits that result from implementing a formal matter budgeting process. This concluding installment explores proven best practices for ensuring the effectiveness of the budgeting and forecasting process. First Things First When ... Read More »

Corporate Law Departments Rank Financial Metrics Most Important

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A new LexisNexis CounselLink study conducted in partnership with the Corporate Legal Operations Consortium (CLOC), indicates corporate legal operations professionals rank financial metrics as most important to the legal department. Participants were asked to rate 15 key metrics on a scale of 1 to 10 based on their level of importance to the business. Each key metric outlined in the ... Read More »

Firm Manager Named TL NewsWire Top 25 Product of 2016

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There’s something very satisfying about starting off the New Year with positive praise. In this case, we’re happy to announce that LexisNexis® Firm Manager® online practice management software was selected as a TL NewsWire (TechnoLawyer) Top 25 Product of the Year for 2016. The award results from the feedback of nearly 12,000 subscribers to TL NewsWire who voted for Firm ... Read More »

6 Tips to Cleaner Law Firm Financials in 2017

6 Tips to Cleaner Law Firm Financials in 2017

Every New Year offers a clean slate to do things better in the future. For solo and small firm attorneys, this is especially true when it comes to managing the firm’s year-end accounting process. According to Tyler Chapman, financial analyst and business valuation professional for LexisNexis, simply putting a few efficiencies in place throughout the year can help attorneys get ... Read More »

Fear Not the Cloud: New Import Tool Eases Transition to Firm Manager

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Calling all attorneys who are hesitant to move their firms to the cloud for fear of the long and dreaded data migration process ahead. We have one message to share—fear not the cloud. LexisNexis just released a new version of its Firm Manager practice management software that now enables attorneys to take their law firms into the cloud-based solution in, ... Read More »

Survey Finds 55% of Law Firms Outsource Some or All of eDiscovery Functions

More than 7 in 10 legal administrators say that funds from their firms’ operations budget must be allocated to activities related to electronic discovery, and more than half are investing in outsourcing some or all of their eDiscovery functions, according to the 2016 Report on Trends Impacting the Legal Industry. Novitex and the Association of Legal Administrators (ALA) conducted the ... Read More »

Happy Holidays

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The LexisNexis Business of Law Blog staff and contributors, along with the entire LexisNexis Software Solutions team, thank you for your continued interest and support this past year. We extend our heartfelt seasons greetings and our hope that you enjoy a happy, healthy and prosperous New Year. We look forward to continuing to share legal industry news, insights and important ... Read More »