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Friday Share:  Six Legal Trends in 20 Minutes

Friday Share  Six Legal Trends in 20 Minutes-header

Value is topical conversation this week.   Bruce MacEwen spelled out an economic viewpoint of value on Wednesday to provide a “step towards unpacking what clients mean when they speak of value.”

Today, Jeffery Brandt summarized Mr. MacEwen’s thoughts in the PinHawk Law Technology Daily Digest as diving “into the ‘sell it for more’ and the ‘make it for less’ models. He notes that while there is a ‘middle market,’ it’s very tough place to survive.”

Six Legal Trends in 20 Minutes- law-firm-parnter-rates

Finally, our own Kris Satkunas summed up the value of benchmarking in corporate legal in a short 20 minute webinar earlier this week.

The YouTube video embedded nearby is a very short recording of that webinar that walks viewers through the six key legal metrics stemming from the latest CounselLink Enterprise Legal Management Trends Report.

The report and a legal trends scorecard were first published earlier this month and are based on an analysis of $17 billion in legal spending.  Ms. Satkunas conveys what these numbers mean, explains the underlying drivers and breaks down the value of benchmarking in corporate legal.

It is of course, this week’s Friday Share:

Photo credit:  Flickr; QThomas Bower; CC BY-SA 2.0
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About Frank Strong

Frank Strong
Frank Strong is the communications director for the LexisNexis software division located on NC State’s Centennial Campus in Raleigh. In this capacity, he leads communications efforts in support of software products for law practice and law department management and also litigation tools – across large law, small law and corporate counsel segments. With more than 15 years of experience in the high-tech sector, Strong previously served as director of public relations for Vocus, which developed marketing, PR and media monitoring software. He has held multiple roles both in-house with corporations, ranging from startups to global organizations, and has also endured the rigors of billable hours, having completed gigs at PR firms including the top 10 global firm Hill & Knowlton. A veteran of two year-long deployments, Strong has concurrently served in uniform in reserve components of the military for more than 20 years, initially as an enlisted Marine and later as an infantry officer in the Army National Guard. Strong holds a BA in Film and TV production from Worcester State University, an M.A. in Public Communication from American University, and an M.B.A. from Marymount University. He is a PADI-certified Master Scuba Diver and holds a USPA "B" skydiving license.