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Six Sigma: Driving Better Law Firm Business Decisions

Driving Better Law Firm Business Decisions with Six Sigma

When the recession of 2007 sent the legal sector reeling there was a tremendous drop in billable hours and a significant loss of legal sector jobs. Following a quarter century of enormous boom in business, law firms were suddenly faced with a retracting market. Competition between law firms grew tremendously, with big law fighting over the same pool of potential clients. More ... Read More »

13 Filtered eDiscovery Statistics to Warm Up for #LTNY16 

Filtering Content for 13 eDiscovery Statistics to Warm Up #LTNY16

The LegalTech® New York tradeshow has a notable emphasis on eDiscovery.  Given the growing volume of data managed in the eDiscovery process, analytics, predictive coding and other applications of technology assisted review are a logical fit for a conference centered on legal technology. This blog often covers legal industry surveys and benchmark studies.  In preparation for the show, we went ... Read More »

Early Case Assessment: 3 Words to Drive Down eDiscovery Costs

eDiscovery Expect a Shift to Early Case Assessment in 2016

A growing number of in-house counsel and litigation professionals are driving a change in the conversation about how technology can play the most valuable role in the eDiscovery workflow. “We predict a sea change for litigation technology in 2016 brought about by the emphasis on Early Case Assessment (ECA),” writes Steve Ashbacher, vice president of litigation solutions at LexisNexis, in ... Read More »

Friday Share: 8 Habits of Highly Profitable Law Firms

Friday Share 8 Habits of Highly Profitable Law Firms

Three law firm characteristics drive profitability: behavior, strategy and culture.  This idea is conveyed in a presentation published by the BTI Consulting Group: 8 Habits of Highly Profitable Law Firms. The presentation is this week’s Friday Share.  The eight profitable habits are as follows: 1. Fewer, but Larger Clients. The presentation says that profitable firms have fewer clients, but those clients ... Read More »

The Science behind Law Firm Lead Generation

The Science behind Law Firm Lead Generation

“Comfort can breed complacency,” according to Nick Araco, senior director of growth strategies and business development for Drinker, Biddle & Reath. Mr. Araco shared these views during the LexisNexis® Interaction® webinar titled: “Generating Leads and Introductions the Right Way ,” alongside co-presenter, Mo Bunnell, president of Bunnell Idea Group. According to these gentlemen, research shows, people, especially attorneys, tend to ... Read More »

Espresso and 5 Can’t Miss Events at #LTNY 2016

Espresso and 5 Can’t Miss Events at the LegalTech Show 2016 LTNY

No one offered a weather forecast for the LegalTech® New York 2016 conference and trade on our annual list of legal industry predictions this year, but it probably wouldn’t count for much anyway.  Mother Nature isn’t easily swayed regardless of what the forecasts say. If the last two years are any indication, attendees will recall Midtown weathered ice, slush and ... Read More »

Infographic: A Law Firm Tribute to Martin Luther King, Jr.

Infographic A Law Firm Tribute to MLK -header

We usually reserve the last day of the week to publish legal infographics and other shareable bits of content for our Friday Share series.  However, we spotted this infographic – The History of The Martin Luther King Holiday: A Historical Timeline – and we thought it fitting to publish it here in observance. “Today, more than ever, the message of ... Read More »

The New Face of Law Firm Marketing and BD

The New Face of Law Firm Marketing and BD

Law firm business development is getting a facelift in 2016 according to Matt Thompson. In an article for LawFuel titled, 6 Ways to Shake Up Law Firm Business Development in 2016, he cites a two key factors:  A fiercely competitive legal market along with a fundamental shift in how law firms buy legal services. The outcome is motivating law firms ... Read More »

Better Search and Getting to Meaning in eDiscovery

Beyond Words and Getting to Meaning in eDiscovery

Since the earliest days of eDiscovery, professionals have used litigation software to search for specific words within documents and return individual documents of potential relevance to them for closer inspection. We’re now at a point where those tools and the people who use them need to move beyond searching for certain words – and  instead search for meaning, according to ... Read More »

Brewing eDiscovery: 10 Legal Tech Events for January 2016

Brewing eDiscovery 9+ Legal Tech Events for January 2016

Something is brewing in eDiscovery. Among the list of events below (#6) will provide a preview of what is coming in the new LexisNexis® Concordance® Desktop eDiscovery product.  And #7 hints at the beginning of the “sea of change” stemming from our Raleigh Technology Center for litigation solutions in the next 12 months. Below is our monthly legal tech roundup, ... Read More »