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LexisNexis InterAction Unveils Law Firm BD Module

LexisNexis-InterAction-Business-Edge-win-loss-blog

While $300 billion trade hands in the US legal industry every year, the market for law firms has never fully recovered from the recession that hit the US in 2008. While observers once thought demand for legal services was unshakable, the reality is corporations have become increasingly focused on value. Corporate attorneys, the center of the client universe for law ... Read More »

ILTACON Song:  “Lawyers Love Lexis” by Legal Bytes

Lawyers Love Lexis legal bytes

Move over MTV, LexisNexis just might start its own music awards program. And if lead singer Frank Gillman declares he’s running for POTUS in 2020, he’s got a good shot at getting 10,000 votes from all of our employees, right from the start. The Legal Bytes band performed as billed at the ILTACON conference this evening in Las Vegas, including ... Read More »

Big Data:  Legal Bytes to Rock #ILTACON

Big Data Legal Bytes to Rock ILTACON

With song titles and lyrics that only legal techies can truly appreciate, Legal Bytes is gearing up for a show at ITLACON. “With 16 petabytes I can’t find the needle in the haystack of files that you gave me,” is one line from the band’s song “L-O-V-Ediscovery.”  Sounds to us like a little early case assessment. See what we did ... Read More »

Law Firm Client Value Guarantee: Hare-Brained or Genius?

Client Value Guarantee Hare-Brained or Genius

A survey we conducted last year found law firms that discount have more past due clients.  What if law firms didn’t discount – but afforded the opportunity to clients to write down invoices as they see fit? Enter the client value guarantee, which Adam Smith, Esq. points out many will think “is a hare-brained idea.” The legal economic consultancy describes ... Read More »

ABA Pilot Recommends Law Firms Collaborate on Cybersecurity

ABA Pilot Project Recommends Law Firms Collaborate on Cybersecurity

Note: The following is a guest post from Daryn Teague, who provides support to the litigation software product line within the LexisNexis software division. There is an ominous statistical dichotomy in the legal industry: most law firms view cybersecurity as a major strategic risk to their organizations, yet many of them say they are unprepared for a significant cyberattack. According to Marsh’s 2014 ... Read More »

Infographic: Cybersecurity Stats for Legal Tech

Infographic Cybersecurity Stats and Facts for Inside and Outside Counsel-header

The cybersecurity stats and facts are adding up. A few years ago IT security was a minor inconvenience and extra investment, according to the team at Adam Smith, Esq: “It’s not necessarily about who wants your stuff….But the danger to a law firm is not just about your data “stuff,” it’s also about keeping your law firm running and your ... Read More »

The Cliff Notes to 7 Current Legal Industry Studies

The Cliff Notes to 7 Current Legal Industry Studies

Legal economics, law graduate job prospects, and inside-outside relationships are just a few of the recent legal industry studies published of late.  We’ve collected and combed through the surveys, data and reports to provide an at-a-glance summary of the latest in legal trends here. Where possible we’ve also provided links surrounding these studies for those interested in additional reading. In ... Read More »

3 Key Steps to Outsource eDiscovery: Understanding the Bill

3 Key Steps to Outsource eDiscovery Understanding the Bill

Before bringing any eDiscovery processes in-house, it’s important to understand exactly what is going on outside the house. Amy DeCesare manages both internal and external eDiscovery teams, and has always maintained how important it is to understand what you’re spending the firm’s money on. She tells the story of how one team came to her confused because they didn’t understand ... Read More »

5 BizDev Actions to Take with Existing Law Firm Data

5 BizDev Actions to Take with Existing Law Firm Data

Note: The following is a post from contributor Carla Del Bove, who provides support to the business of law software product line within the LexisNexis software division. Law firms seeking to better understand clients, and the strength of client relationships, have an often overlooked source of data: their own. In a LexisNexis webinar on “Revenue Generating Relationships,” Toni Minick, says some of the law ... Read More »

SlideShare Friday: Why Law Firms are at Cybersecurity Risk

Oops says the End User and Law Firm Cybersecurity

Law firms “may not be the primary target” of cybersecurity attacks, according to a compelling presentation published online by Accellis Technology, a certified LexisNexis consultant, titled: Law Firm Cybersecurity: Practical Tips for Protecting Your Data. The presentation is this week’s Friday Share and is embedded nearby. Firms are at risk for maintaining “tremendous amount of highly confidential information and information.”  The ... Read More »