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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 »

6 Takeaways from the ILTA/InsideLegal Purchasing Survey

6 Takeaways from the ILTA Inside Legal Purchasing Survey

How is law firm IT spending shaping up so far in 2014?  The new 2014 ILTA/InsideLegal Technology Purchasing Survey provides a useful benchmark. The 9th annual survey, conducted jointly by InsideLegal and ILTA, earned a 20% response rate from member law firms.  A 31-question survey was distributed to 1,407 members and earned 281 responses.  The vast majority (86%) of respondents ... Read More »

The Post #ILTA14 Guide to Stats, Facts, Quotes and Quips

What does big data mean to you

Those perusing the Twitter hashtag stream from the ILTA Conference (#ILTA14) would have seen an incredible volume of statistics circulated over the course of four days – the 2014 ILTA/InsideLegal Technology Purchasing Survey and other legal industry studies – notwithstanding. We’ve tried to keep track using the “favorites” feature on Twitter and have gone back to cull through the posts ... Read More »

9 Creative CRM Tips for Getting Lawyers to Share Data

9 Creative CRM Tips for Getting Lawyers to Share Data

Two employment attorneys from the same law firm were unknowingly pitching the same prospective client.  The client, in the interest of keeping legal fees low, use each attorney’s respective proposal as leverage to negotiation lower rates. Anecdotes like this, which was shared in a 2014 ILTA Conference session titled Making CRM Work in a Law Firm, are one way to ... Read More »

4 Stories of Stealth: Getting Law Firm Projects Done

4 Stories of Stealth Getting Law Firm Projects Done

The word “stealth” seems a far more fitting description for sleek fighter jets or shadowy ninjas than it does for law firms, but a handful of ITLA speakers proved otherwise earlier today. In 2014 ILTA Conference session titled “Stealth” Disruption from A-Z, five TED-style talks, moderated Monica Bay of Law Technology News, walked attendees through an eclectic array of law ... Read More »

ILTA Keynote Summary: Disruptive Technologies and Abundance

Disruptive Technologies and Abundance

In a primitive society, 15% of the population died violently; today that number is just .03%, according to Peter Diamandis.  Mr. Diamandis, the keynote speaker that kicked off a packed 2014 ILTA Conference themed “Imagine,” is an author, entrepreneur and space enthusiast with a medical degree from Harvard. Violence today is just 1/500th of what it used to be he ... Read More »

SlideShare Friday:  Turning Law Firm Website Visitors into Clients

SlideShare Friday Turning Website Visitors into Clients

If there was ever a question about whether the web was a good place to attract clients, a new report by market research firm eMarketer puts it to bed.  “People are pretty much glued to technology 24/7,” read the report headline which also spells out some compelling statistics: 60% of U.S. internet users are connected “almost always” Just 43% of ... 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 »

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 »

YouTube Friday:  M&A Back in Business of Law Vogue

YouTube Friday M&A Back in Vogue

Deal-making is back in styled and the letters “M” and “A” for mergers and acquisitions are again gracing the headlines.  Those headlines also belong to publications focused on law: Wall Street Journal: Elite Law Firms Dominate as Deals Proliferate Bloomberg: Skadden Tops H1 Global M&A Rankings: Business of Law Texas Lawyer: Deal of the Week: $21.4 Million Merger For this ... Read More »