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Corporate Counsel

The Top 5 Law Department Metrics for Insurers [Infographic]

The Top 5 Law Department Metrics for Insurers [Infographic]-header

Law departments within insurance companies demonstrate a high level of sophistication in corporate legal maturity.  Consider the following: Legal costs are lower. Median partner billing rates are the lowest among the practice areas tracked by the CounselLink® team. Rates tend to be stable. Legal rates in insurance work also have the least volatility with a score of 2 out of ... Read More »

10 Strategic Tips for Successful Law Department Budgeting

10 Strategic Tips for Successful Law Department Budgeting

Although law departments often tend to think of budgets as primarily tactical tools, budgets do have significant strategic value – as long as they’re the product of thorough planning and proper implementation. When thinking about implementing a budget process, it’s necessary to consider the various implications that stem from different strategic objectives. Corporate law departments can attack the challenge of ... Read More »

Top 10 out of 260 Business of Law Posts in 2015

Top 10 out of 260 Business of Law Posts in 2015

In our final post of the year, and of our 2015 roundup series, we bring you the most read posts on the LexisNexis Business of Law Blog. Interestingly, by our observation, this analysis tells a story.  The story is the form of five key questions to which the legal industry is continuously evaluating: How can law firms earn more business? ... Read More »

The 12 Most Engaged Business of Law Tweets on Twitter

The 12 Most Engaged Business of Law Tweets on Twitter

With just a couple days left in the year, we’re continuing our 2015 roundup series by highlighting some of the most engaged articles on Twitter: @Business_of_Law. Based on the data, here’s a look at some of the content we shared that was highly engaged by the legal community online. We’ve identified the top four from each quarter and have linked ... Read More »

Happy Holidays from LexisNexis

LexisNexis Holiday Greeting

Dear Lawyers and Legal Pros: Thank you for being part of our community this year!  Happy Holidays! LexisNexis If you enjoyed this post, you might also like: Beautiful Minds: 41 Legal Industry Predictions for 2016  Read More »

11 Exceptional Legal Tech White Papers from 2015

10 Exceptional Legal Tech White Papers from 2015

White papers are a place for deep thinking – deep thinking that is data-driven.  Combine that data with innumerable client engagements, from small law firms to large – and from corporate legal departments to legal services bureaus – and we’re able to chronicle insights for the market in neatly packaged white papers. As part of our 2015 roundup series, here’s ... Read More »

2015 in Review: LexisNexis Legal Software and Tech Updates

Year in Review LexisNexis Legal Software and Tech Updates

Over the course of several years, LexisNexis has been building out a Technology Center of Excellence.  The site, and corresponding business division, is led by Mike Lipps (@lexismike) and seated on the campus of NC State University. What began as roughly hundred employees in the town of Cary, just a few miles away from our current location, now counts some ... Read More »

Top 10 Businesses of Law Infographics in 2015

Top 10 Businesses of Law Infographics in 2015

Every Friday we strive to present a visual element here for an ongoing weekly series we call the Friday Share. These posts may stem from data we’ve produced or it’s simply solid information we stumbled upon in our daily adventures around the legal web. Generally, the content consists of presentations embedded from SlideShare, videos from YouTube, and especially legal infographics. ... Read More »

Beautiful Minds: 41 Legal Industry Predictions for 2016

Predictions for the Legal Industry in 2016

Predictions can go in many directions. On one hand predictions might be senseless if events move slowly. On the other hand, predictions may become obsolete if things move quickly.  As it is with legal, there usually is a range of possibilities in the middle; it depends. This marks the third consecutive year we’ve published legal industry predictions and we’d like to ... Read More »

13 Business of Law Contributions You Might have Missed in 2015

13 Business of Law Contributions You Might have Missed in 2015

Of the 255+ posts published on these pages in 2015, we’ve been fortunate to publish some of the big ideas from experts in the industry.  A little more than a dozen contributors put their ideas to ink and allowed us to share these with the legal community. This post summarized those contributions into one cohesive piece. 1. Producing Better Law ... Read More »