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AFAs:  A Budget with Consequences

AFAs A Budget with Consequences

Over the span of a decade, one company says it more than tripled its revenue while cutting its legal spend by a little more than 30%, while only adding four more in-house attorneys over four years. That seems to be a prime example of a corporate legal department doing more with less – and AFAs seem to be a key ... Read More »

Preview Friday: LexisNexis goes to Hollywood

lexisnexis hollywood

“In the future everyone will be world-famous for 15 minutes,” as Andy Warhol once said. Perhaps under this era of humanized brands even businesses are granted a moment or two of fame as well. LexisNexis earned its moment recently with a new movie-based on television series called “Veronica Mars” — as depicted in a nearby HBO preview.  The crime-solving plot is ... Read More »

Top 10 #BusinessofLaw Posts You Might Have Missed in August

August Most Read Posts Business of Law Blog

August – a traditionally slow time of year – proved a pretty incredible month for the Business of Law Blog. In reviewing the data for this month’s Top 10 post, readership and engagement has spiked substantially – so thank you! Several projects launched filled these pages with data, tips and stories including the latest Enterprise Legal Management Trends Report, a ... Read More »

YouTube Friday:  LexisNexis takes the Ice Bucket Challenge

lexisnexis ice bucket challenge

Mike Lipps likes to keep employees on their toes and one technique is to weave little surprises into town halls – a monthly meeting where he reviews the state of the business with a focus on customers, employees and stakeholders. This month he introduced the Ice Bucket challenge.  An employee in California had taken the challenge and in a video ... Read More »

6 Takeaways from the ILTA/InsideLegal Purchasing Survey

6 Takeaways from the ILTA Inside Legal Purchasing Survey

How is law firm IT spending shaping up so far in 2014?  The new 2014 ILTA/InsideLegal Technology Purchasing Survey provides a useful benchmark. The 9th annual survey, conducted jointly by InsideLegal and ILTA, earned a 20% response rate from member law firms.  A 31-question survey was distributed to 1,407 members and earned 281 responses.  The vast majority (86%) of respondents ... Read More »

The Post #ILTA14 Guide to Stats, Facts, Quotes and Quips

What does big data mean to you

Those perusing the Twitter hashtag stream from the ILTA Conference (#ILTA14) would have seen an incredible volume of statistics circulated over the course of four days – the 2014 ILTA/InsideLegal Technology Purchasing Survey and other legal industry studies – notwithstanding. We’ve tried to keep track using the “favorites” feature on Twitter and have gone back to cull through the posts ... Read More »

9 Creative CRM Tips for Getting Lawyers to Share Data

9 Creative CRM Tips for Getting Lawyers to Share Data

Two employment attorneys from the same law firm were unknowingly pitching the same prospective client.  The client, in the interest of keeping legal fees low, use each attorney’s respective proposal as leverage to negotiation lower rates. Anecdotes like this, which was shared in a 2014 ILTA Conference session titled Making CRM Work in a Law Firm, are one way to ... Read More »

4 Stories of Stealth: Getting Law Firm Projects Done

4 Stories of Stealth Getting Law Firm Projects Done

The word “stealth” seems a far more fitting description for sleek fighter jets or shadowy ninjas than it does for law firms, but a handful of ITLA speakers proved otherwise earlier today. In 2014 ILTA Conference session titled “Stealth” Disruption from A-Z, five TED-style talks, moderated Monica Bay of Law Technology News, walked attendees through an eclectic array of law ... Read More »

ILTA Keynote Summary: Disruptive Technologies and Abundance

Disruptive Technologies and Abundance

In a primitive society, 15% of the population died violently; today that number is just .03%, according to Peter Diamandis.  Mr. Diamandis, the keynote speaker that kicked off a packed 2014 ILTA Conference themed “Imagine,” is an author, entrepreneur and space enthusiast with a medical degree from Harvard. Violence today is just 1/500th of what it used to be he ... Read More »

SlideShare Friday:  Turning Law Firm Website Visitors into Clients

SlideShare Friday Turning Website Visitors into Clients

If there was ever a question about whether the web was a good place to attract clients, a new report by market research firm eMarketer puts it to bed.  “People are pretty much glued to technology 24/7,” read the report headline which also spells out some compelling statistics: 60% of U.S. internet users are connected “almost always” Just 43% of ... Read More »