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Mid-Market Firms Find Value in Big-Law CRM Solutions

Mid-Market Firms Find Value in Big-Law CRM Solutions 1

Underperforming law firms, take cover. According to the latest Association of Corporate Counsel (ACC) Chief Legal Officer’s Study, nearly half of corporate clients say they will more than likely shed at least one lagging law firm this year. But it isn’t all bad news. According to the report, there’s still plenty of opportunity for firms that set themselves apart from ... Read More »

Perspectives from a first-time attendee at Legaltech New York

Legaltech New York CRM

Legaltech New York 2017 was undeniably a key legal technology event. Since this was my first time attending, I was not certain what to expect. Once I learned my way around the multiple levels of the conference center, I experienced overflowing conference sessions, great networking opportunities, a vibrant vendor exhibit hall and interesting conference sessions. Most importantly, I had the ... Read More »

Survey Finds 55% of Law Firms Outsource Some or All of eDiscovery Functions

More than 7 in 10 legal administrators say that funds from their firms’ operations budget must be allocated to activities related to electronic discovery, and more than half are investing in outsourcing some or all of their eDiscovery functions, according to the 2016 Report on Trends Impacting the Legal Industry. Novitex and the Association of Legal Administrators (ALA) conducted the ... Read More »

Legal Technology Key to Compliance Risk Management, According to Survey

legal-technology-key-to-compliance-risk-management-according-to-survey

Inside counsel believe technology can improve risk management in meeting their compliance obligations and frequently base their new software purchasing decisions on the dual keys of reliability and security, according to AlixPartners’ fourth annual Litigation and Compliance Practices survey. The survey was conducted of 300 general counsel and compliance officers from companies in North America and Europe with revenues in ... Read More »

5 Tips to Motivate Time Keepers and Improve Law Firm Profitability

5-tips-to-motivate-time-keepers-and-improve-law-firm-profitability

“If you can’t remember what you had for breakfast on October 15th, then chances are you won’t be able to remember how much you billed clients on that same day,” according to Nancy Griffing of 35*45 Consulting, during a recent webinar focused on law firm profitability. Because of this, attorneys lose anywhere from 55 to 70 percent of their actual ... Read More »

Law Firms Turn to Boutique Providers for eDiscovery Expertise

law-firms-turn-to-boutique-providers-for-ediscovery-expertise

It’s common for large law firms to maintain a team of experts in the area of eDiscovery, with some firms even building dedicated practices to assist clients with their eDiscovery challenges. But for small and midsized law firms, it’s difficult to justify the allocation of resources needed to create a full-time, in-house team. For firms of this size, an increasingly ... Read More »

ACC Study: Law Departments to Display Strategic Business Value in 2017

acc-study-law-departments-to-display-strategic-business-value-in-2017

A new Association of Corporate Counsel (ACC) study indicates corporations today praise their legal department most highly for adhering to budgets, providing strategic counsel to the business, applying innovation to solve business challenges and using management practices to drive greater efficiency. According the ACC Law Department Management 2016 Report, showcasing success in these areas can help the legal department demonstrate ... Read More »

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 »