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4 Takeaways from the InsideLegal and ILTA Purchasing Survey

4 Takeaways from the InsideLegal and ILTA Purchasing Survey

The 2015 InsideLegal and ILTA Purchasing survey is out and provides a 10,000 foot view of insights from senior legal tech professionals as to budgets, opportunities and challenges facing the ILTA community.  The 2015 survey marks the 10th year running for the benchmark survey, which this year, earned 184 responses, or 14% of the 1,232 law firms invited to participate. ... Read More »

LexisNexis InterAction Unveils Law Firm BD Module

LexisNexis-InterAction-Business-Edge-win-loss-blog

While $300 billion trade hands in the US legal industry every year, the market for law firms has never fully recovered from the recession that hit the US in 2008. While observers once thought demand for legal services was unshakable, the reality is corporations have become increasingly focused on value. Corporate attorneys, the center of the client universe for law ... Read More »

ILTACON Song:  “Lawyers Love Lexis” by Legal Bytes

Lawyers Love Lexis legal bytes

Move over MTV, LexisNexis just might start its own music awards program. And if lead singer Frank Gillman declares he’s running for POTUS in 2020, he’s got a good shot at getting 10,000 votes from all of our employees, right from the start. The Legal Bytes band performed as billed at the ILTACON conference this evening in Las Vegas, including ... Read More »

How PepsiCo Re-Engineered Law Department Tech

How PepsiCo Re-Engineered Law Department Tech

Technology ought to grow and scale with a business.  After all, technology should support business processes – including legal processes – not the other way around. Businesses are in constant motion to stay ahead of the market. Acquisitions, reorganizations and divestitures fundamentally change workflows in every business department.  In the legal shop, for example, attorneys move to other business units, ... Read More »

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 »