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History and Origin of the Billable Hour

History and Origin of the Billable Hour

The billable hour is a persistent topic, arguably because it’s so central to the business of law and indeed the larger business community. While there is strong case to suggest alternative fee arrangements (AFAs) have sustainable traction there’s also evidence that significant current trends in legal pricing are based in some part on the billable hour. The billable hour persists, as ... Read More »

Friday Share: eyeWitness to Atrocities

eyeWitness to Atrocities

Earlier this month, the International Bar Association (IBA) released a mobile phone app – eyeWitness to Atrocities – for “documenting and reporting human rights atrocities in a secure and verifiable way so the information can be used as evidence in a court of law.” The intent of the project is to help solve a sizable legal gap amid the growing ... Read More »

4 Easy Tips for Law Firm Client Team Programs

4 Easy Tips for Law Firm Client Team Programs

Most law firms – some 80% have client team programs, but just 39% of firms say these teams are “successful” according to Bryan Austin a law firm client advisor with the LexisNexis® InterAction® group. The data comes from a range of market research sources including surveys and interviews conducted with the InterAction client base.  Upwards of 90% of the Am ... Read More »

A Cheat Sheet for 5 Recent Legal Industry Studies

A Cheat Sheet for 5 Recent Legal Industry Studies

The volume of digital information created everyday is eight times greater than that in all U.S. libraries.  It’s daunting to say the least and the legal industry too produces an impressive volume in the form of data, surveys and reports. Over the last few weeks, there have been a flurry of legal industry studies published, and while we haven’t gotten ... Read More »

Photo Finish: 9 Visuals from the LexisNexis Ironman Raleigh 70.3

lexisnexis ironman raleigh

For the second consecutive year, we sponsored, volunteered and competed in the LexisNexis® Ironman Raleigh 70.3 presented by PNC. Sure the sponsorship presents the opportunity to build the LexisNexis brand in the local Raleigh community – most people in our back yard don’t realize how much our local offices have grown or the opportunities (arguably, the largest concentration of legal ... Read More »

5 Steps on the Road to Leveraging Machine Intelligence in Legal

5 Steps on the Road to Leveraging Machine Intelligence

Note: The following is a guest post from Daryn Teague, who provides support to the litigation software product line within the LexisNexis software division. Lawyers and legal technology professionals are struggling to grasp the vast potential of “machine intelligence” to reinvent the way we litigate in the U.S. A 2011 article in the New York Times reported on the broad sense that we ... Read More »

The 10 Most Popular Business of Law Blog Posts Among 70

Metrics Invoices and LMA The Most Popular Among 70 Blog Posts-head

In the 90 or so days spanning the months of March, April and May (2015), we’ve published upwards of 70 posts.  It’s always interesting to see what posts resonate with the legal community, so what follows below is a summary of the top 10 posts for the last three months. It’s worth noting the analysis is driven by reader clicks ... Read More »

Law Firm CMO on the Evolving Business Development Landscape

Law Firm CMO on the Evolving Business Development Landscape

Law firms aren’t laggards in business development, says Jeanne Hammerstrom, the chief marketing officer at Benesch, Friedlander, Coplan & Aronoff LLP, which is headquartered in Cleveland and maintains seven offices including one in Shanghai.  She points to the lengthening tenure of top marketing and business development leaders at law firms as evidence that things are going right. Sure the legal ... Read More »

What are the Going Law Firm Billing Rates by Practice Area?

Going bill rates by practice area - small

The first of six key metrics in the newest edition of the Enterprise Legal Management Trends Report covers the going law firm billing rates by practice area.  The data is based on $18 billion in legal invoices processed through the CounselLink systems since 2009. The data presented in the chart nearby (click here or image for higher resolution), is a ... Read More »

7 LexisNexis Software Webinars in June for Customers

4 LexisNexis Software Webinars in June for Customers

We’re kicking off the summer with a series of webinars designed for existing customer who are using the LexisNexis® Interaction® CRM system or our law firm practice management solutions. Here’s what the lineup looks like for June 2015: 1. Meet the InterAction Client Advisors On this webinar, three client advisors will share tips for digital marketing, law firm brand building, leveraging ... Read More »