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Don’t Use Ugly Data: 5 Secrets for Small Law Firm Accounting

Don’t Use Ugly Data 5 Secrets for Small Law Firm Accounting

“Nobody wants to look at ugly data,” says Tyler Chapman. He finds offering stakeholders sloppy and unpolished reports is one of the biggest accounting blunders law firm accounting staff can make. Instead, the LexisNexis business consultant recommends staff consider the audience first and customize reports for easy absorption. Polished reports are a function of process – and good process breeds ... Read More »

Report: North Carolina poised for Tech Growth

Report North Carolina poised for Tech Growth

Move over Silicon Valley, the state of technology in North Carolina looks increasingly attractive to businesses. That’s our interpretation of the 2016 North Carolina State of Technology industry report, which we are featuring for this week’s Friday Share. It’s no coincidence that LexisNexis continues to build out the Raleigh Technology Center of Excellence. The second annual report was produced by ... Read More »

UTBMS: A Breakthrough for M&A Codes

A Breakthrough for M&A Codes in UTBMS

The new M&A Codes reflect a breakthrough for measuring the cost and business value of legal work, writes contributor Aileen Leventon in this piece for the LexisNexis Business of Law Blog. In the late 1990s, the concept seemed simple enough. Clients established outside counsel guidelines which included the requirement to submit invoices through an ebilling system. Lawyers and other timekeepers ... Read More »

ECA and “Smart Review” Gives eDiscovery a Boost

ECA and “Smart Review” Gives eDiscovery a Boost

Speed, efficiency, smarter analytics and cost predictability. In dozens of focus group conversations with LexisNexis representatives, that’s what eDiscovery professionals say they need. In order to pursue those four goals, litigation teams are increasingly finding that early case assessment (ECA) is critical. “An effective ECA effort helps legal professionals identify the data right away, narrow down the pool of electronic ... Read More »

Choosing the Right ELM Solution for the Law Department

Choosing the Right ELM Solution for the Law Department

Peyton Manning’s recent championship win teaches a valuable lesson about how to buy the right enterprise legal management (ELM) solution, according to Jeff Skott, principal solutions architect for LexisNexis® CounselLink®. Say again? Although Peyton Manning is a great quarterback, says Mr. Skott, without the support of a stellar defensive and offensive line, the outcome might not be the same. However, ... Read More »

10 Signs Small Law Firms are leaving $10k a Year on the Table

10 Signs Small Law Firms are leaving $10k a Year on the Table

“If you’re not earning adequately, you’re probably not taking care of your clients adequately,” says law firm practice management consultant, Ann Guinn. Ms. Guinn believes a majority of solo and small firm attorneys are leaving money on the table, upwards of $10,000 annually and unnecessarily. “In my 30-something years in the legal industry, I never met an attorney or law ... Read More »

Business Talent:  USO of NC Helping Troops in Transition

Business Talent USO of NC Helping Troops in Transition

While the USO may be better known for military entertainment and airport lounges, it is also evolving to meet the needs of our nation’s service members and their families, especially as they transition back into the civilian world. The range of programs the organization provides has broadened to include career transition programs, according to Kelli Davis, the Troops & Family ... Read More »

eDiscovery Panel Foresees Legal Analytics Revolution

eDiscovery Panel Foresees Legal Analytics Revolution

The year 2016 may well turn out to be the turning point for how we viewed the paradigm of linear eDiscovery review. In recent weeks, many litigation experts have voiced challenges to the concept of linear review – where electronic evidence travels from one stop on the EDRM to the next – and have begun to shift the conversation toward ... Read More »

Elephant in the Room: How to be a Champion of Change

Elephant in the Room How to be a Champion of Change-2

Change is hard, but it may be complicated by the attitude we collectively present when faced with change.  Attitudes can be influenced. That’s one of the messages we took away from Dan Heath’s key note presentation at the 2016 LexisNexis Accelerate business development conference by the InterAction® team.  His presentation, “How to Lead a Switch” drew from the best-selling book ... Read More »

5 Things to Know About the New CaseMap Version 12.1

5 Things to Know About the New Version of CaseMap

For litigators, every day spent working on a challenging case includes the mental exercise of analyzing multiple facts and issues with an impact on the dispute. This process, which was historically done on legal pads, sticky notes and dictaphones, is now aided by case analysis software products that collect, categorize and store all of those pieces of information. One of ... Read More »