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Scribd Friday:  Do Law Firms Sell Legal Processing?

Scribd Friday Do Law Firms Sell Legal Processing

In a strategy session a couple weeks ago, a colleague recalled how he spent a summer during law school highlighting every termination clause in contracts.  It was redundant and repetitive work, that didn’t require a law degree.  Today such work is being automated with technology. That begins to get at what Ryan McClead means when he says lawyers sell “legal ... 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 »

Law Firm CRM Webinar:  Who Knows Who?

Law Firm CRM Webinar Who Knows Who

A big part of the role for marketing and business development staff is to know who’s who and who knows who.  This is often easier said than done, especially in larger organizations. Technology, and specifically law firm CRM tools, ought to be capable of helping staff and rainmaking attorneys figure this out.  We call this “relationship intelligence” which means though ... 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 »

Infographic Friday:  Trends Shaping the Legal Industry

legal industry trends

Recently, Robert Half Legal took a focused look at the legal profession in a new study titled Client Dynamics Driving Change in the Legal Profession. The study identifies four key legal industry trends shaping the profession which are: Client service pressures mount General counsel take center stage Mobility gives rise to the virtual law practice, flexible workplace Demand for specialization ... Read More »

3 Notable Examples of Big Law IT Innovation

3 Notable Examples of Big Law IT Innovation

“It is time to put down the broad brush used to paint BigLaw as inefficient and out of touch,” wrote Bill Henderson, in a commentary published on The Legal Whiteboard titled Ahead of the Curve: Three Big Innovators in BigLaw. His writing reviews several IT projects presented by three large law finalists for an annual awards program held at the ... Read More »

5 Takeaways from a Large Law Reinvention Strategy

5 Takeaways from a Large Law Reinvention Strategy

In late August, Washington Post reporter Catherine Ho wrote a compelling reinvention story on Dickstein Shapiro.  The article sets the stage with series of challenges the firm has faced – from financial performance to the loss of lateral hires to other firms – and then spends the rest of its words describing what the firm is doing about it. By ... Read More »