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AFAs:  A Budget with Consequences

AFAs A Budget with Consequences

Over the span of a decade, one company says it more than tripled its revenue while cutting its legal spend by a little more than 30%, while only adding four more in-house attorneys over four years. That seems to be a prime example of a corporate legal department doing more with less – and AFAs seem to be a key ... Read More »

Preview Friday: LexisNexis goes to Hollywood

lexisnexis hollywood

“In the future everyone will be world-famous for 15 minutes,” as Andy Warhol once said. Perhaps under this era of humanized brands even businesses are granted a moment or two of fame as well. LexisNexis earned its moment recently with a new movie-based on television series called “Veronica Mars” — as depicted in a nearby HBO preview.  The crime-solving plot is ... Read More »

Top 10 #BusinessofLaw Posts You Might Have Missed in August

August Most Read Posts Business of Law Blog

August – a traditionally slow time of year – proved a pretty incredible month for the Business of Law Blog. In reviewing the data for this month’s Top 10 post, readership and engagement has spiked substantially – so thank you! Several projects launched filled these pages with data, tips and stories including the latest Enterprise Legal Management Trends Report, a ... Read More »

YouTube Friday:  LexisNexis takes the Ice Bucket Challenge

lexisnexis ice bucket challenge

Mike Lipps likes to keep employees on their toes and one technique is to weave little surprises into town halls – a monthly meeting where he reviews the state of the business with a focus on customers, employees and stakeholders. This month he introduced the Ice Bucket challenge.  An employee in California had taken the challenge and in a video ... Read More »

5 Guidelines for Developing Corporate Legal Best Practice

5 Guidelines for Developing Corporate Legal Best Practice

There’s a good case to be made that leading companies avoid benchmarking the competition.  By definition, a company that follows what the competition is doing cannot be the leader. That’s in part, the gist of Mike Haysley’s point in a pitch published in the Metropolitan Corporate Counsel titled I Don’t Know What You Should Be Measuring, But You Do: Best ... Read More »

LexisNexis Webinar: Outside Counsel Spending Trends

AFAs by practice area

In 2013, alternative fees arrangements or AFAs accounted for 12% of matters and 7% of billings, according to the latest LexisNexis CounselLink Enterprise Trends Report. The report surfaced key legal trends, such as corporate legal departments moving more and more M&A work to the “second-largest” law firms, and it also reported on several industry-wide metrics. These metrics included the going ... Read More »

5 Tips for Streamlining Your Legal Department

5 Tips for Streamlining Your Legal Department

Note:  this post was originally written by Angela Petros.  How can we do more with less? If you’re an in house attorney you’ve likely heard that phrase ad nauseam, but the truth is, today’s corporate legal departments are under intense scrutiny to save money and add value to the business. While this seems like an uphill battle, there’s plenty of ... Read More »

August Webinar Recess; 9 LexisNexis Software Webinars

August Webinar Recess 9 LexisNexis Software Webinars

The LexisNexis software division is hosting a plethora of webinars this month on topics ranging from law firm practice management and our financial and billing software, to a breakdown of our latest Enterprise Legal Management Trends report. Some of these webinars are designed for existing customers – and it’s a great way to get some free training – and some ... Read More »

Top 10 #BusinessofLaw Posts You Might have Missed in July

business of law

At just about the half-way mark in August, the process of looking back on which posts readers preferred in July reminded us to take a look even further back – to about this time last year. This time last year we were engaged at the ILTA 2013 conference which was held in Las Vegas and we ran a number of ... Read More »

Survey Friday:  Fortune 1000 GCs and Cautious Optimism  

Fortune 1000 GCs and Cautious Optimism

No matter the line of business getting things done generally has three key prerequisites:  budget, people and resources. The Consero Group recently conducted a short survey with 57 GCs that included questions along these lines and published this report:  Consero’s 2014 General Counsel Data Survey.   The study is our post for this week’s Friday Share. While the sample size ... Read More »