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Legal Ops Grows; CLOs Strive “See Around Corners,” says Survey

Legal Ops Grows; CLOs Strive “See Around Corners” says Survey

Corporate legal departments will experience healthy growth this year, according to the latest findings from the Association of Corporate Counsel’s (ACC) Annual CLO Study. The survey finds legal operations roles are in high demand and broadly, CLOs plan to invest more money in-house, than in previous years. Last week we wrote about how the survey relates to current corporate legal ... Read More »

What “Multi-Core” and “Hyper-Threading” Mean for eDiscovery

Litigation What “Multi-Core” and “Hyper-Threading” Mean for eDiscovery

The heartbeat of any computer hardware is the processor, that incredibly powerful microchip-powered brain of the machine. For legal professionals, advancements in the power of processing technology are now translating into tangible benefits when it comes to running eDiscovery software applications. Today’s new eDiscovery software products are able to perform much faster imports of documents by taking full advantage of ... Read More »

Clients Driving Adoption, Am Law Tech Survey Finds

Clients Driving Adoption Am Law Tech Survey Finds

Just a few months ago, Legaltech News provided in-depth coverage of the 2015 Am Law Tech Survey an annual report by the ALM publishing business.  The publication focused on three key areas of legal tech: cybersecurity and privacy law firm technology adoption cloud adoption Interestingly, a common theme throughout the survey was the influence clients, or corporate counsel, is having ... Read More »

Legal Recruiting Trend: Big Law Firms Eye the MBA

Legal Recruiting Trend Big Law Firms Eye MBAs

An ABA proposal about non-lawyer law firm ownership has renewed controversy in what the WSJ Law Blog characterized as a “long simmering debate.” Reporter Jacob Gershman wrote “those who favor lifting the restriction say it would expand consumers’ access to legal services, spur innovation and reduce the cost of legal help.” On the flip side, he reports, “Giving people who ... Read More »

Experts Identify 5 Ways that Managed Tech Services Deliver ROI

Experts Identify 5 Ways that Managed Tech Services Deliver ROI

Managed service providers in the legal industry are firms that utilize information technology and automated processes to help law firms and corporate legal departments achieve greater efficiencies and better manage cybersecurity risks. This outsourcing approach is most common in the legal marketplace when it comes to the hosting of litigation data and applications. Legaltech News recently spoke to various industry ... Read More »

4 Corporate Counsel Benefits to Early Case Assessment

4 Corporate Counsel Benefits to Early Case Assessment

At the recently concluded LegalTech New York 2016 conference, a trend appeared to be taking shape about the future of the linear review model that has shaped the eDiscovery business in recent years. Some industry players are advocating for a greater focus on early case assessment and the use of legal software tools that provide earlier insights into the landscape ... Read More »

Study Suggests 4 Corporate Legal Trends on the Rise

Study Suggests 4 Corporate Legal Trends on the Rise

The ACC Chief Legal Officers (CLO) 2016 Survey suggests internal corporate legal spend now surpasses outside legal spend. According to the study, CLOs reported 53 percent of their budget is now dedicated to internal spending, while just 47 percent is allocated to outside counsel. Issues of compliance and ethics were named among top concerns with regulatory requirements and data breaches ... Read More »

Friday Share:  The 4 Pillars of Legal Innovation

Friday Share The 4 Pillars of Legal Innovation

Somewhere between $100 billion and $300 billion change hands in legal every year, though estimates vary, depending on what’s being counted.  Still, at either end of the spectrum, it’s a sizable volume of money for important work. In light of those estimates, it’s not especially revealing to suggest the legal market is mature, but the choice of profitability levers to ... Read More »

The 3 Red Flags of More Law Firm RFPs

The 3 Red Flags of More Law Firm RFPs

The volume of law firm RFPs are at a 15-year high according to market research firm BTI Consulting. “56% of corporate counsel issued RFPs for law firms in 2015, up from 45% in 2014,” wrote Michael B. Rynowecer noting the majority of clients have turned to RFPs for law firm hiring. At face value, this could sound like an indication ... Read More »

5 New Benefits in Concordance Desktop for Small Law Firms

LexisNexis-Concordance-Desktop-2

Earlier this month, an 18-month journey of research and development concluded with the release of a reimagined version of the venerable LexisNexis Concordance® eDiscovery software product. The new product, which is designed for cases of less than 1 million records (approximately 80% of all litigated disputes in the U.S.), was built to help litigation teams at smaller law firms manage ... Read More »