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Infographic Friday: Legal Industry getting a Dose of Startup

Legal Industry getting a Dose of Startup

Usually when technologists think of startup companies it conjures up images of entrepreneurs in need of legal advice: New currency: How a law firm helps Bitcoin entrepreneurs Tailored services: Law firms offering packaged startup legal services Apps for parking: Startups navigating the legal implications of entrepreneurship Intellectual property: Legal counsel for protecting ideas Even supreme cases:  Aereo’s high profile case ... Read More »

Top 10 Law Firm Collections Challenges and How to Solve Them

How to Develop an Effective Law Firm Collections Strategy

In a Legal Talk Network podcast focused on law firm invoicing and collections, moderator Christopher T. Anderson remarked that upwards of 20% of legal bills are past due.  What is it that’s contributing to this ongoing law firm collections challenge? Some data we both collected and presented at a LexisNexis® Juris® User Group meeting may provide useful insight into the ... Read More »

Webinar:  Corporate Counsel on Enterprise Legal Management

Rackspace Corporate Counsel on Enterprise Legal Management

The promise of Enterprise Legal Management or ELM is to provide corporate counsel with data to make better legal decisions – decisions about legal matters, legal hold and legal spending. It’s a big promise and as it is so common with enterprise-wide projects, expert advice usually recommends starting with a few small hunches, demonstrating success and then rolling the project ... Read More »

Top 10 #BusinessofLaw Posts you Might have Missed in June

Top 10 Business of Law Posts you Might have Missed in June

If there’s a lesson to be learned for legal bloggers from this month’s analysis, it would be this:  While we think of a blog as an external communications tool, it has implicit internal communications value as well. While we keep most posts focused on the legal community,we occasionally share what we’re doing in our own local community.  Case in point:  ... Read More »

How ELM Drives Predictable Corporate Legal Spending

How ELM Drives Predictable Corporate Legal Spending2

One of the primary benefits of enterprise legal management (ELM) systems is the ability to aggregate information from previously disparate sources including e-billing, matter management and accounts payable. Once the data is assemble, corporate legal departments have an incredibly powerful source of existing information about their legal matters, to analyze: How long a specific matter should take to resolve? How ... Read More »

Stubborn Facts: Lawyers as the Unsung Patriots of July 4th

Stubborn Facts Lawyers as the Unsung Patriots of July 4th

The U.S. might have won its independence with soldiers but it might not have even gotten into the fight without lawyers. While it’s easy to see the influence of the modern lawyer on our system of government – it’s worthwhile to point out the influence lifetime students of law had on its origins. Here are five interesting, if not stubborn, ... Read More »

Discounting Legal Fees Sends the Wrong Message

Discounting Legal Fees Sends the Wrong Message

Note:  The following is a guest post by Ann Guinn. If you are one of the many attorneys who regularly discount fees, you are causing yourself to underearn –and sending the wrong message to your clients. Sure, there are times when a discount is the right thing to do; but chronic discounting is a different story entirely. Let’s consider an attorney ... Read More »

Leaked! Supreme Court of Legal Tech: Cloud v. Premise

Supreme Court of Legal Tech Cloud v Premise

Sequestered away in a session at LegalTech NY last February, a semi-secretive appellate court heard arguments from attorneys arguing on behalf of both cloud-based and premise-based law firm practice management tools. Cameras were not permitted in courtroom, but over the weekend, an audio recording of the hearing surfaced on the internet was obtained by this blog. The acting justices included ... Read More »

SlideShare Friday:  9 Trends Impacting Paralegals

SlideShare Friday 9 Trends Impacting Paralegals

The ABA Journal recently reported compensation for paralegals is on the rise with managerial positions in law firms earning just under $80 per hour.  The average hourly rate earned however, was substantially less, running between $34 and $37 per hour.  According to the data, paralegals at law firms tend to earn slightly more than those working for corporate legal departments. ... Read More »

Driving Better Corporate Outcomes with Matter Management

Driving Better Corporate Outcomes with Matter Management

Note:  Sections of this post were adopted from an article titled:  How Matter Management Works for Legal Departments which ran in the August/September 2013 issue of Today’s General Counsel. The value proposition of automated matter management, in the context of enterprise legal management (ELM), is nested in visibility.  Visibility into all relevant information pertaining to a specific matter including: Establish ... Read More »