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M&A Surges, Outside Hiring Cools: ELM Trend 2015 Year-End Highlights

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Mergers & Acquisition activity is often subject to big ebbs and flows. And, that’s what we are seeing now. While Q1 2016 is showing a rather quiet period for M&A, 2015 was a boom year for M&A according to the just-published CounselLink Enterprise Legal Management (ELM) Trends 2015 Year-End Report. This new report shows that that fees paid for M&A ... Read More »

Corporate Internal Investigations: Building a smart investigation team

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Internal investigations are always sensitive and are frequently high-stakes matters that must be handled with great caution. Some of these corporate investigations are public and in the headlines, others are private and do not result in public disclosure. Many leading law firms and their corporate clients have learned valuable lessons about how to conduct effective corporate internal investigations related to ... Read More »

Four Ways to Win More Client Work

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A BTI study suggests law firms are leaving money on the table and unnecessarily. Although GCs say they want to give their existing firms more work, law firms are only getting a meager 23 percent of the pie, David Jacobs, senior client advisor for LexisNexis, reported these findings during a webinar focused on business development (BD). “There’s a disconnect between ... Read More »

4 Best Practices for Software-Powered Litigation Productions

4 Best Practices for Software-Powered Litigation Productions

Thanks to the rising importance of eDiscovery and accurate document production, litigation support professionals are more valuable than ever. At the same time, the pressure is constant and the stakes are high for those productions to be on time, responsive and compliant with judicial instructions. “Once a document collection review is completed, documents typically need to be produced to opposing ... Read More »

Corporate Internal Investigations: Establishing a smart investigation strategy

Corporate Internal Investigations: Establishing a smart investigation strategy

For in-house counsel and their outside law firms, corporate internal investigations typically were prompted by some sort of employee misconduct that needed to be assessed, documented and quickly resolved. Those instances are still an occasional thorn in the side of a GC, but in today’s global economy, the underlying causes of an internal investigation are far more diverse: allegations of ... Read More »

3 LexisNexis Legal Tech Webinars in May

3 LexisNexis Legal Tech Webinars in May

Summer is right around the corner, so before our schedules are crowded out by vacation plans and mid-year business meetings, this may be a good time to check out a few complimentary webinars created by our business and litigation software teams. If one of these programs conflicts with a previous commitment on your schedule, don’t worry. Most of our webinars ... Read More »

Winning Even When We Lose

Winning Even When We Lose

“How you think when you lose determines how long it will be until you win.” ~ Gilbert K. Chesterton  Like most transactional endeavors, selling software solutions to the legal industry has its ups and downs. Sometimes, one of our products simply isn’t the best solution for meeting a prospect’s specific challenges. Other times, even though we do in fact offer ... Read More »

Top 10 Business of Law Posts for Q1 2016

Top 10 Business of Law Posts for Q1 2016-small

In the first quarter of 2016 we published 69 blog posts. The chart nearby provides a breakout of the coverage we’ve developed here by category. The volume of coverage around litigation technology stems from our interest in the sector as LexisNexis consolidated litigation software into the legal software solutions division based in Raleigh. This consolidation happened a little more than ... Read More »

P&C Insurance Carriers Favor Flat Fees; Not All AFAs Apply

P&C Insurance Carriers Favor Flat Fees; Not All AFAs Apply

Property & Casualty (P&C) carrier legal and claims departments prefer using flat fee-based alternative fee arrangements (AFA) over any other type of alternative billing method, says a new survey, the third in a series conducted by the LexisNexis® CounselLink® team. Eighty-two percent of P&C carrier legal and claims departments say flat fee AFAs are most effective in terms of helping ... Read More »

Procurement to Play Bigger Role in High-End Legal Work

Procurement to Play Bigger Role in High-End Legal Work

“Legal delivery has gone from ‘In a relationship’ to ‘It’s complicated,’’ said Mark Cohen, founder and CEO of Legal Mosaic, during the Buying Legal Council Professional Sourcing and Management of Legal Services conference. Attorney, legal tech writer and CodeX Fellow, Monica Bay, recently reported Mr. Cohen’s insights for Above the Law. She noted procurement is about to play a bigger ... Read More »