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10 Telling Statistics from Optimistic Legal Departments

10 Statistics from a New Legal Department Operations Survey

A number of surveys released this year have begun to reveal a sense of optimism within the U.S. legal market.  We’d hasten to add this particular flavor of optimism is better described as cautious. Cautious as it may be, we sought to quantify that optimism.  A new survey found most legal departments think this year has been better than the ... Read More »

Monthly #BusinessofLaw Roundup for October 2014

Top BusinessofLaw Posts You Might have Missed in October

In our roundup post last month, we added a section that included links to content that drew the greatest volume of engagement.  This month we’re going to build on that concept by modifying the format of these posts a little further in order to weave in content from additional sources. Top 5 Business of Law Blog Posts The topic of ... Read More »

In Evaluating Outside Counsel, Corporate Legal says Relationships Still Matter

Evaluating Outside Counsel Corporate Legal says Relationships Still Matter - header

We recently asked corporate legal departments what they thought are the most important evaluation factors in selecting outside counsel. The answer is, as the chart nearby indicates rather resoundingly, relationships still matter. Top Factors for Evaluation Outside Counsel It’s important to note this question was a ranking question where the lower the number the better. When asked to rank a ... Read More »

6 Corporate Legal Trends from the ACC Conference

6 Corporate Legal Trends from the ACC Conference

Note:  The following is a guest post from Cindy Fox, director of product marketing with LexisNexis CounselLink. Legal department resources are stretched – that was one of the recurring themes we heard at the ACC 2014 Annual Meeting in New Orleans. While that is not a surprise there was also a number of other interesting trends that emerged. Here are ... Read More »

Insurance Best Practice: How to Implement AFAs in Phases

Insurance Best Practice How to Implement AFAs in Phases

According to data from the latest Enterprise Legal Management Trends Report, the insurance industry experiences the lowest volatility in legal fees.  The report notes “volatility is a calculated indicator of blended rate variability.  Higher numbers suggest a better opportunity to negotiate rates and or the assigned time keeper mix.” On this graph, the vertical markets of “Regulatory & Compliance” and ... Read More »

Top 10 #BusinessofLaw Posts You Might Have Missed in September

Most Read Blog Posts for September 2014

We’re a bit slow on the draw in posting a “most read” post for September, but rest assured, it’s not out of idleness!   The fall is typically a busy season for product announcements, including new software releases for the LexisNexis® PCLaw® and Firm Manager® products, for example: LexisNexis Releases PCLaw 14 Featuring Batch Email Billing LexisNexis Firm Manager Provides Small ... Read More »

Infographic Friday: Law Firm M&A Billings Nearly Double

Infographic Friday MA Billings Nearly Double

M&A is back in the headlines among the legal trades. “In-house counsel and investment bankers agree that the merger and acquisition stars are aligning to create an environment more conducive for deals, according to one M&A expert,” according to ALM’s Corporate Counsel in an article titled Big Deals Put 2014 M&As at $2.5 Trillion and Rising. The Corporate Counsel article ... Read More »

Trending Legal Spending: Examining the HBR Consulting Study

CounselLink Corporate Counsel Analytics

Around the world corporate legal spending grew by 2% in 2013, according to a new survey by HBR Consulting.  How that money is being spent makes all the difference – inside legal spending grew 5% while spending on outside counsel dropped by 2%. A narrower look at corporate legal spending within the U.S. produced similar results.  The survey found that ... Read More »

SlideShare Friday: 5 Key Trends in Legal Software

5 legal software trends

There are many legal industry trends and among those of special interest to this division of LexisNexis are those that revolve around software. At the 2014 ILTA conference the top executive in our software division had an opportunity to present to a core group of customers that had also gathered at the show.  For some in attendance, it was a ... Read More »

Infographic Friday:  The Enduring Legal Dress Code Debate

Infographic Friday The Enduring Legal Dress Code Debate-header

Appearances matter – it’s just that the interpretation of precisely what appearances communicate that’s often the crux of contention. For example, does a deposed witness appear more or less honest in a video recording replayed at a later date if the witness is wearing a suit but sweating profusely?  According to a 2013 story in Above the Law titled, From ... Read More »