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Corporate Counsel

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 »

What are the Going Law Firm Rates by Practice Area?

What are the Going Rates by Law Practice Area

What rates can corporate counsel expect to spend for outside counsel by practice area?  The chart nearby, while complex at first glance, encompasses an enormous amount of data with an at-a-glance view of what the going rates are for legal services by practice area in United States. The data stems from our latest trends report which was released this past ... Read More »

The New and Evolving Legal Department Operations Role

The New and Evolving Legal Department Operations Role

Note:  This post was originally written by Mike Haysley.  Corporate legal operations manager or director is one of the most important new legal roles emerging in corporate legal departments. From the emergence of e-billingin the early 2000’s, to the explosion of eDiscovery around 2005-2006, to the expansion of financial and accounting practices and controls following the 2008 economic collapse, law ... Read More »

ELM Trends:  Corporate Legal Continues Law Firm Consolidation

Law firm consolidation

It takes just ten law firms.  That seems to be the preferred number of law firms for many corporate legal departments. By year’s end in 2013, more than half of corporate legal departments had consolidated at least 80% of their corporate legal work with 10 or less firms, according to the newly released LexisNexis Enterprise Legal Management Trends Report (ELM). The ... Read More »

Legal Industry Evolution: Back To Business

Legal Industry Evolution Back-To-Business

Note: This post was originally published on Law360; follow author Mike Lipps on Twitter:  @LexisMike It’s common to believe that resources are needed to nurture creative thinking to develop new opportunities. It’s the opposite that’s true, however counterintuitive: the limitation of resources spawns creative thinking and uncovers opportunities. There’s another dynamic that inspires creative thinking. It is when it is ... Read More »

Five Ways to Jeopardize a Corporate Legal Project

Five Ways to Jeopardize a Corporate Legal Project

Note:  This post was originally written by Mike Haysley.  There are clearly ways corporate legal staff can build influence in a corporate legal department, but it is equally important, to avoid factors that can undermine your efforts.  These pitfalls will not only ruin your project, but also damage your reputation in a way that destroys, at least temporarily, your influence in your ... Read More »