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Big Data:  Legal Bytes to Rock #ILTACON

Big Data Legal Bytes to Rock ILTACON

With song titles and lyrics that only legal techies can truly appreciate, Legal Bytes is gearing up for a show at ITLACON. “With 16 petabytes I can’t find the needle in the haystack of files that you gave me,” is one line from the band’s song “L-O-V-Ediscovery.”  Sounds to us like a little early case assessment. See what we did ... Read More »

The Happy Lawyers Webinar and a Few More for September

The Happy Lawyers Webinar + 5 More in September

With the kids across America back to school in September, here’s a reminder that LexisNexis hosts a long list of “classes” each and every month. Some of these are broadly useful while others center on providing specific product tips and tricks for existing customers. Themes for this month include: Practice management for happy lawyers (#1) Feature Fridays for (#2-4) Sneak ... Read More »

Legal Market Review:  Small Firms Struggle in the South

Legal Market Review Small Firms Struggle in the South-head

Law firm consulting group, PerformLaw recently published a series of legal market reviews providing an analysis of attorney headcounts at law firms in six demographic regions.  In some cases, the reports look at a single city, while in others it provides a view of a larger geographic area. “All of the markets are generally flat, but inside the data are ... Read More »

Law Firm Client Value Guarantee: Hare-Brained or Genius?

Client Value Guarantee Hare-Brained or Genius

A survey we conducted last year found law firms that discount have more past due clients.  What if law firms didn’t discount – but afforded the opportunity to clients to write down invoices as they see fit? Enter the client value guarantee, which Adam Smith, Esq. points out many will think “is a hare-brained idea.” The legal economic consultancy describes ... Read More »

ABA Pilot Recommends Law Firms Collaborate on Cybersecurity

ABA Pilot Project Recommends Law Firms Collaborate on Cybersecurity

Note: The following is a guest post from Daryn Teague, who provides support to the litigation software product line within the LexisNexis software division. There is an ominous statistical dichotomy in the legal industry: most law firms view cybersecurity as a major strategic risk to their organizations, yet many of them say they are unprepared for a significant cyberattack. According to Marsh’s 2014 ... Read More »

Infographic: Cybersecurity Stats for Legal Tech

Infographic Cybersecurity Stats and Facts for Inside and Outside Counsel-header

The cybersecurity stats and facts are adding up. A few years ago IT security was a minor inconvenience and extra investment, according to the team at Adam Smith, Esq: “It’s not necessarily about who wants your stuff….But the danger to a law firm is not just about your data “stuff,” it’s also about keeping your law firm running and your ... Read More »

10 Timeless Tips for the Law Firm Startup

10 Timeless Tips for the Law Firm Startup

Lean.  It’s mainstream business concept that’s seeped into the legal community. “Start-up success is not a consequence of good genes or being in the right place at the right time,” according to Eric Ries, who penned the best-selling book The Lean Startup. “Success can be engineered by following the right process, which means it can be learned, which means it ... Read More »

The Cliff Notes to 7 Current Legal Industry Studies

The Cliff Notes to 7 Current Legal Industry Studies

Legal economics, law graduate job prospects, and inside-outside relationships are just a few of the recent legal industry studies published of late.  We’ve collected and combed through the surveys, data and reports to provide an at-a-glance summary of the latest in legal trends here. Where possible we’ve also provided links surrounding these studies for those interested in additional reading. In ... Read More »

3 Key Steps to Outsource eDiscovery: Understanding the Bill

3 Key Steps to Outsource eDiscovery Understanding the Bill

Before bringing any eDiscovery processes in-house, it’s important to understand exactly what is going on outside the house. Amy DeCesare manages both internal and external eDiscovery teams, and has always maintained how important it is to understand what you’re spending the firm’s money on. She tells the story of how one team came to her confused because they didn’t understand ... Read More »

5 BizDev Actions to Take with Existing Law Firm Data

5 BizDev Actions to Take with Existing Law Firm Data

Note: The following is a post from contributor Carla Del Bove, who provides support to the business of law software product line within the LexisNexis software division. Law firms seeking to better understand clients, and the strength of client relationships, have an often overlooked source of data: their own. In a LexisNexis webinar on “Revenue Generating Relationships,” Toni Minick, says some of the law ... Read More »