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Monthly #BusinessofLaw RoundUp for November 2014

Business-of-Law-Most-Read-November

If there’s one thing these monthly roundups demonstrate, it’s the trends that are important from a reader’s perspective.  We’ve come a long way since April when we first started publishing these roundup posts – an even longer since launching this blog in January. Thank you for spending a few moments with us here – and for the many engagements and ... Read More »

25-Plus Predictions for the Legal Industry in 2015

predictions legal 2015

Predictions about the future might appear to be difficult, but Niels Bohr, and perhaps three other influential people, might have been astonished to learn we have been fortunate to compile a long list of rather pragmatic predictions for the legal industry in 2015. Given this is the second year we’ve compiled a list of year-end predictions – from legal professionals ... Read More »

6 Predictions for Law Firm Marketing in 2015

6 Predictions for Law Firm Marketing in 2015

We recently asked a several dozen experts for legal industry predictions for 2015, which we will publish here later this week.  Larry Bodine provided six for law firm marketing  and we’ve  decided to run his viewpoints as a standalone post. * * * Here are Mr. Bodine’s six predictions for legal marketing next year: 1. The firm website becomes the ... Read More »

YouTube Friday: Myths of Law Firm Compensation Plans

Myths of Law Firm Compensation Plans

If you’re compensation plan isn’t aligned with the law firm strategy, then a compensation plan is the firm strategy. That’s according to Tim Corcoran in this interview with Lee Pacchia on Mimesis Law.  Mr. Corcoran noted while he didn’t coin that witty phrase – it’s a great way to explain what he means by “strategy aligned compensation plans.” It’s a ... Read More »

White Paper: Top 5 Trial-Presentation Software Challenges

White Paper Top 5 Trial-Presentation Software Challenges

Note:  The following is an excerpt from a white paper written by Michael Kelleher for the LexisNexis software division.  The complete paper is freely available for download with registration here. * * * Presenting evidence effectively in a trial will always be full of its challenges, but using state-of-the-art trial presentation technology helps litigators present their cases with confidence. The ... Read More »

3 Law Firm Surveys Suggest Confidence at Year End

law firm confidence

It’s simply remarkable just how much data is circulating in the legal industry about the state of things.  Last week we examined five law department surveys in the hunt for insights as we turn the corner into 2015. These studies all stemmed from the perspective of the corporate legal department, so this week we thought we’d review several reports predicated ... Read More »

6 Simple Tips for Law Firms Tracking Utilization

6 Simple Tips for Law Firms Tracking Utilization

Note:  The following is a guest post by Amy Kosey, a veteran account executive in with the LexisNexis law firm practice management group. After several years of watching firm’s struggles, downsizing, splitting off and simply flat lining.  It may be time for shareholders to start focusing once again on the best practices to increase partner income. Gone are the days that you ... Read More »

A Perfect Legal Storm:  GC and the Greatest Challenges Faced

Top Challenges Facing Legal Department

The challenge of being a GC today may well be living in a perfect storm. “The greatest challenge that general counsel have to face today is managing legal issues in an ever increasing regulatory environment, while at the same time trying to maintain control of costs,” according to Ian McDougall at the 2014 Legal Week Corporate Counsel Forum. The “perfect ... Read More »

5 Statistics Forecasting the Future of eDiscovery

5 Statistics about the Future of eDiscovery

Note:  The following is a guest post from Daryn Teague, who provides support to the litigation software product line within the LexisNexis software division. Tools for eDiscovery continue to evolve in sophistication and deliver measurable return on investment to litigation teams – and law firms are planning healthy investments over the next couple years. This was one of the findings from a ... Read More »

5 Law Department Surveys Provide a Glimpse of 2015

Legal Department Means to Manage Outside Counsel Spend

As 2014 comes to an end there have been a number of legal industry studies and surveys published.   Several of these studies have focused on law departments – taking a pulse check of inside counsel. This naturally makes perfect sense given corporate counsel – the law firm clientele – is the “center of gravity in the legal industry.”  Even so, ... Read More »