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P&C Insurance Carriers Favor Flat Fees; Not All AFAs Apply

P&C Insurance Carriers Favor Flat Fees; Not All AFAs Apply

Property & Casualty (P&C) carrier legal and claims departments prefer using flat fee-based alternative fee arrangements (AFA) over any other type of alternative billing method, says a new survey, the third in a series conducted by the LexisNexis® CounselLink® team. Eighty-two percent of P&C carrier legal and claims departments say flat fee AFAs are most effective in terms of helping ... Read More »

Procurement to Play Bigger Role in High-End Legal Work

Procurement to Play Bigger Role in High-End Legal Work

“Legal delivery has gone from ‘In a relationship’ to ‘It’s complicated,’’ said Mark Cohen, founder and CEO of Legal Mosaic, during the Buying Legal Council Professional Sourcing and Management of Legal Services conference. Attorney, legal tech writer and CodeX Fellow, Monica Bay, recently reported Mr. Cohen’s insights for Above the Law. She noted procurement is about to play a bigger ... Read More »

Friday Share: The Making of Lawyerist, Lifehacker for Lawyers

The Making of Lawyerist Lifehacker for Lawyers

Frustration can be motivational.  In many ways frustration was what prompted Sam Glover to start a blog circa 2007. Originally called SoloSmallTech.com, the side project, for the practicing attorney with a solo law firm, would eventually blossom into a professional news site. “I got frustrated with software options available to lawyers and wanted a place to discuss it,” he said ... Read More »

Survey: eDiscovery Pros Predict Increased Spending in 2016

Discovery Professionals Predict Increased Spending in 2016

Six out of 10 eDiscovery professionals have a positive outlook for spending on eDiscovery this year, predicting gross revenues in their segment of the industry will be higher in six months. This was one of the headline findings from the inaugural eDiscovery Business Confidence Survey, conducted by ComplexDiscovery, a leading industry blog The survey was launched in February and was ... Read More »

4 Notable Legal Software Updates You Might have Missed

Updates to LexisNexis Business and Litigation Software

Over the last several month the legal software solutions division has released software enhancements to several product lines.  For those that missed it here’s an at-a-glance view of the most recent updates: 1. New eDiscovery platform goes GA Originally announced at the 2016 Legaltech NY tradeshow, the legal software solution division has rolled out the product for general availability (GA). ... Read More »

Study: AFAs Proliferate for P&C legal matters

Study AFAs Proliferate in P&C Claims and Law Departments

Alternative fee arrangements (AFAs) use is rising among property and casualty (P&C) insurance carrier legal and claims departments, according a new survey, the third such survey in a series, by the LexisNexis® CounselLink® team. The use of AFAs moved up from 69 percent in August 2015, to healthy 76.9 percent. In other words, nearly 80 percent of this segment of ... Read More »

Quick Read: Summaries for 6 Recent Law Firm Studies

Quick Read Summaries for 6 Recent Law Firm Studies

Unlike available time, there seems to be no shortage of legal industry studies and surveys. We find keeping tabs on external sources of data to be a useful mental, for understanding the market and trends, as benchmarks against our own research, or ferreting out new ideas and pursuits. In the course of such reviews, providing summaries of these studies here ... Read More »

Friday Share: Client Satisfaction Keeps Small Law Up at Night

Client Satisfaction Keeps Small Law Up at Night-small

What’s the biggest concern keeping small law firm attorneys up at night?  Client satisfaction according to a LexisNexis Firm Manager® poll conducted of attendees at the recent ABA TECHSHOW. Some of the other top concerns that get between a lawyer and a good night’s sleep included, case management chaos, managing calendars , file security and malpractice.   The image nearby depicts ... Read More »

5 Best Practices for Corporate Legal amid Globalization

5 Best Practices for Corporate Legal amid Globalization

Nearly 90 percent of companies are moving into new global territories, as we speak, according to Head of Legal Operations and Chief of Staff at Uber, Susan R. Packal. She expressed her ideas in a contributed piece for the ACC Docket, which was syndicated on the Hyperion Research website. In other words, corporate globalization is officially booming. “The evidence for ... Read More »

The Deep Discount Attorney and other Cautionary Tales

The Deep Discount Attorney and other Cautionary Tales

At the beginning of the year, we shared big ideas from Ann Guinn: Infographic: 9 Ways to Run a Small Law Firm as a Business.  More recently, she presented these insights during a webinar titled: The Happy Lawyer’s Guide to Running Your Firm like a Business. While much of her discussion covers the 9 keys to running a firm like ... Read More »