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Author Archives: 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.

Trends in Legal Spend from a Law Department Survey

Trends in Legal Spend from a Law Department Survey

Overall corporate legal spend has increased modestly but that spend has largely gone toward inside counsel, according to the 2015 HBR Law Department Survey. Total legal spend grew by 2% worldwide – which mirrors the findings in last year’s survey.  The survey announcement provided a summary in the form of median numbers: “The median total legal spending was $27 million ... Read More »

Friday Share: Buying Legal, Metrics and Benchmarking

Buying Legal Metrics and Benchmarking

As an industry, whether inside or outside counsel, we don’t do a good job of figuring out what we want to measure in our organizations, but we still manage the business of law, according to Timothy B. Corcoran, principal of the Corcoran Consulting Group. “Is anyone here willing to acknowledge, that because we don’t have great data, we’re not managing ... Read More »

Law Firm Competition: Buyers Becomes a New Entrant

Law Firm Competition Buyers Becomes a New Entrant

One of the five factors in Porter’s Five Forces model, a framework for evaluating a competitive environment, is the “threat of new entrants.” The 2015 Law Firms in Transition study by Altman Weil finds this “threat” is a broadening category. “Eighty-three percent of law firm leaders say they believe competition from non-traditional service providers is a permanent change in the ... Read More »

Sage Small Law Firm Accounting Advice from an Expert

Sage Law Firm Accounting Advice from an Expert-head

In an effort to save some money, a well-intended small law attorney had been managing his own books.  Now the auditing committee from the state bar association was taking a look – and couldn’t make sense of the data. Given her expertise with accounting software, and a history of teaching accounting at the university level, the auditing committee called Gale ... Read More »

Tech Feast:  November Lineup of LexisNexis Legal Tech Webinars

November Lineup of LexisNexis Legal Tech Webinars

As the US celebrates a day of thanks this month with the traditional feast, we’ve put together a healthy list of webinars across small law, large law and corporate counsel segments. It’s a different type of feast, an information feast, and one that one won’t leave you feeling lethargic.  Second helpings, in the form of recordings, are usually sent out ... Read More »

23 Things to Change in Law Firm BD and Marketing

23 Things to Change in Law Firm BD and Marketing

If you could change one thing about your law firm, practice, department or function – what would it be? We often pose this as a final question across surveys we conduct and leave the answers open-ended.  The responses are usually candid, unfiltered and pretty insightful.  For example, there are plenty of things lawyers would change about law firm billing. In ... Read More »

Key Metric: The Current Law Firm Billing Rates by Practice Area

Current Law Firm Billing Rates-small

Billing rates in some practice areas are growing faster than others, according to the most recent CounselLink® Enterprise Legal Management Trends report, published last week. The latest report – a mid-year update based on data ending June 30, 2015 – identified “IP-Patent” and “Regulatory and Compliance” as two practice areas where billing rates have risen. As the full report says, ... Read More »

Infographic: Law Firm Panels and Legal Industry Scorecard

Infographic Law Firm Panels and Legal Industry Scorecard

Even as the largest law firms raise billing rates, corporate counsel continues to consolidate law firm panels. The most recent CounselLink® Enterprise Legal Management Trends Report found “55% of companies in the data pool have 10 firms or fewer accounting for at least 80% of outside counsel fees.”  As the infographic, and 2015 Mid-Year Scorecard, nearby show, law firm consolidation ... Read More »

How Law Firms Plan to Fuel Growth in the Next 12 Months

How Law Firms Plan to Fuel Growth in the Next 12 Months

Competition is the top barrier to growth according to a recent survey of law firms, alongside a deluge of anecdotal evidence.   In response, law firm business development is heating up with the mechanisms ranging from compensation and incentives — to the warming notion of hiring a professional law firm sales force. If the trend towards business development is a strategic shift, ... Read More »

Legal Spend Trends:  Big Law Billing Rates Rising

Legal Spend Trends Big Law Rates Rising-header

A new legal spending trends report finds big law billing rates grew notably – pushing a 6% increase in the gap between the top two tiers of law firms, by attorney headcount, from 38% to 44%. Median partner rates at the “Largest 50” law firms – those with more than 750 lawyers – rose to $711 per hour, based on ... Read More »