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Video: LegalTech Blogger Panel on Cloud and Blawging

LegalTech Blogger Panel on Cloud and Blawging

At the 2014 LegalTech trade show the LexisNexis Firm Manager team had a chance to sponsor the blogger’s breakfast and a short panel discussion by some of the most prominent bloggers in the legal industry. The session was filmed and we recently obtained a copy from ALM and have uploaded it to our YouTube channel and embedded it here: The ... Read More »

Emerging Legal Role: Chief Reality Officer

Emerging Legal Role Chief Reality Officer

Economics are forcing legal department to function more like a business and less like a practice. Increasingly corporate law departments have budgets and GCs are being held to account.  This is moving the concept of the legal department operations (LDO) manager “well past the incubation stage” to more clearly define the role. This according to our own Mike Haysley in ... Read More »

Infographic Friday: How a Legal Movie Led to an Infographic

featured

A post-weekend legal water cooler discussion led to an infographic about the best legal movies of all time: “Over the weekend, my colleague David had watched A Few Good Men for the first time,” wrote Adam Banner, an Oklahoma City-based attorney. “David isn’t a criminal defense lawyer, and he mentioned that the film gave him a new outlook on the prosecutorial ... Read More »

Trends in ELM: LexisNexis CounselLink Annual Customer Conference

CounselLink User Conference 2014

The CounselLink team has opened up registration for the 2014 CounselLink Annual Customer Conference.  This year the conference will be held in the relatively quiet country side of Northern Virginia – about 30 miles west of Washington, DC.   This year’s event will focus on the challenges and opportunities facing corporate legal departments. We’ll be hosting a series of panel ... Read More »

6 Business of Law Infographics you Might have Missed

business of law infographics

Infographics are an increasingly popular way to visualize data within the legal industry.  Infographics are particularly useful for quickly understanding what data means by using visual references, such as space, size and sequence. For those so inclined, we’ve curated a couple dozen infographics related to the legal industry on a Pinterest board titled Law Infographics. While the Pinterest board rounds ... Read More »

How Inside Counsel can Use Data and Analytics

inside counsel data analytics

Is cost an effective metric of value delivered to an organization? Kris Satkunas, who approaches corporate legal department metrics with a numerical focus, made a compelling case. In her recent post, Legal Department Metrics: Cost vs. Value, she notes that cost while widely used isn’t the only logical measure of value. She’s written fairly extensively on the topic including a ... Read More »

Legal Department Metrics: Cost vs. Value

legal department value metrics

When asked if metrics provide a useful and accurate measure of the legal department’s value to the business, 66% of GCs say “no” in a recent survey.  Is this at all surprising?  The legal department metrics, used in most organizations, are not aimed at measuring value – they measure the legal department’s cost to the organization.  Do I think my ... Read More »

Provoking Disruptive Thinking at #LTNY

Provoking Disruptive Thinking at LTNY

Likeminded people tend to network or hang out with likeminded people – it’s a phenomenon that may hinder innovation in any industry, let alone legal. This was an underlying theme to Professor Luke Williams’ Legal Tech 2014 session: “Disrupt” for Lawyers – Think the Unthinkable to Spark Transformation in the Legal Industry on Tuesday. Mr. Williams offered five steps to ... Read More »

5 Brief Data Points from a Survey of GCs

legal-work-consero

The Consero Group recently released its Winter 2014 General Counsel Data Survey, which is a brief snapshot into the market view from the general counsel perspective. According to Corporate Counsel, an ALM publication: The executive consulting firm, partnering with Applied Discovery, asked 10 questions of GCs who attended a December General Counsel Forum. Consero received 52 responses. While the sample ... Read More »

8 Distinctive Characteristics of the Billion Dollar Legal Department

billion-dollar-legal-dept

Looking across the entire sample in the 2013 Law Department Metrics Benchmarking  – the data indicates corporate legal departments employ roughly 8.3 fulltime employees, including 4.7 attorneys in the corporate legal department for every $1 billion in revenue. This looked like an interesting segment of the survey sample, so we drilled down on the data specific only to those respondents from largest companies.  Twenty-eight survey respondents ... Read More »