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ABA Legal Tech Survey Finds Use of Predictive Coding Still Related to Size of Case

Predictive Coding

The 2016 Legal Technology Survey Report, published by the American Bar Association’s Legal Technology Resource Center (LTRC), documents a common misconception in the legal industry that technology assisted review software tools are only useful in large cases. “There is a myth in our industry that predictive coding and other smart review tools are only useful and cost-effective in large-scale commercial ... Read More »

Relationships Matter! Understanding 8 Benefits of Relationship Intelligence

relationships-matter-understanding-8-benefits-of-relationship-intelligence

When you want to win new business for your firm – relationships matter! In a recent conversation, a highly successful attorney mentioned that the business development opportunities that work best for him are predicated on relationships. This attorney finds that people who know and trust him tend to give him business. Every professional should seriously consider how he or she ... Read More »

Boston Housing Authority Legal Team Adds Efficiency without Cost

boston-housing-authority-legal-team-adds-efficiency-without-cost

How does a team of eight attorneys and just five support staff manage a legal caseload serving 26,000 people in 70 developments and 12,600 public housing units across Boston, Massachusetts? One might assume the Boston Housing Authority (BHA) would require a goliath sized legal team to manage its constantly growing legal caseload, however the opposite is the true for the ... Read More »

“Issue Spotting” for Law Firms: Using eDiscovery Tech in Government Investigations

issue-spotting

Providers of eDiscovery services to law firms need to be technically proficient, adept at using software, cost-conscious and focused on quality, among other things. But according to one leading eDiscovery firm, there is another ingredient that is sometimes overlooked. “Our view is that eDiscovery is not a technical issue, it’s a legal issue with a technical solution,” said Dana Conneally, ... Read More »

Data Security Audits: Start with the Resources Under Your Roof

Data Security Audits

Perhaps no topic has attracted as much attention – and angst – in the legal profession this year than data security. One strategy that many corporate clients are employing to try to minimize their risk profile in working with outside law firms and their third-party information service providers is to require them to undergo intensive data security audits. Earlier this ... Read More »

The Key to Success in a Client’s Market, Know Your Firm’s Financials

the-key-to-success

Note: The following is a digest version of the post we published last Wednesday, November 9. On the chance that a portion of our Business of Law Blog readers may have been distracted by the day’s election news, we’ve decided to provide a second opportunity to read this valuable information on law firm economics. Law firms ought to focus less ... Read More »

5 Ways Government Agencies Can Automate FOIA Compliance

5 Ways Government Agencies Can Automate FOIA Compliance

Complying with the Freedom of Information Act (FOIA) is an important way that our government agencies serve our democracy, but the fact is that complying with these mandates is incredibly time-consuming and expensive. A 2016 report from the U.S. Department of Justice found that the 100 agencies subject to FOIA transparency requirements received more than 713,168 requests in 2015 while ... Read More »

3 Reasons Law Firms Should Care About Passive Data Capture

3 Reasons Law Firms Should Care About Passive Data Capture

As they say in the legal profession, time is money. While most attorneys are measured by their proverbial “books of business,” the last thing they want to do is spend valuable time updating their client rolodexes. After all, clients pay top dollar for expert legal counsel, not data entry. Last week, we shared an anecdote about a database administrator at ... Read More »

Why Understanding Economics is the Key to Law Firm Profitability

Why Understanding Economics is the Key to Law Firm Profitability

“One of the biggest flaws with alternative fee arrangements (AFAs) not succeeding in law firms, is most law firms don’t understand their economics,” says Frederick J. Esposito, Jr., CLM, executive director of Long Island, New York and New Jersey based regional law firm, Rivkin Radler, LLP. Mr. Esposito believes law firms focus too heavily on rate setting. By contrast he ... Read More »

How to Go from 40K Known Law Firm Contacts to 250K Using InterAction IQ

InterAction IQ

Lateral hiring is a tried and true growth strategy for many law firms and with good reason. Each time a lateral is hired, that attorney brings a wealth of new and existing connections which ideally helps the firm grow its business pipeline. The only trouble is this strategy assumes that attorneys who are newly hired as laterals to the firm ... Read More »