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Meta:  LegalTech Trends in the Context of 3 Mega Trends

Meta Legal Tech Trends in the Context of 3 Mega Trends

LegalTech New York 2015 is indeed a chance to get a “crash course” in legal technology, but there’s also an opportunity to take a step back and consider those tech trends in a macro-sense. Aric Press, the (soon to be retired) editor-in-chief for The American Lawyer, has a delightfully heady piece he published this week that provides precisely that context ... Read More »

5 Things Corporate Legal Execs are Seeking in Data Security

5 Things Corporate Legal Execs are Seeking in Data Security

Note: The following is a guest post from Daryn Teague, who provides support to the litigation software product line within the LexisNexis software division. The efficient management of legal data has never been easy to achieve, but the stakes are suddenly much higher for in-house counsel and their outside law firms. With an alarming number of large American companies and government agencies ... Read More »

10 Can’t Miss Events at LegalTech 2015 #LTNY

10 Can’t Miss Events at LegalTech 2015 LTNY

“LegalTech New York 2015 is just around the corner,” wrote Monica Bay, editor-in-chief of Law Technology News.  “And as always, presents an almost overwhelming opportunity to get a crash course in the latest legal technology trends, products and services and meet the industry leaders who are shaping legal technology. Like many exhibitors, we’ll be rolling out some product updates, presenting ... Read More »

Why Being Brutal is Best: A Solo Attorney on Efficiency

Why Being Brutal is Best A Solo Attorney’s take on Efficiency

The average solo attorney receives upwards of 500 emails per client through the course of a case lifecycle. A quick analysis based on that assumption suggests – a small law firm with roughly 10 clients means partners are likely reading upwards of 5,000 or more client emails. While this may not sound like a staggering number in contrast to some ... Read More »

Friday Share:  Six Legal Trends in 20 Minutes

Friday Share Six Legal Trends in 20 Minutes-header

Value is topical conversation this week.   Bruce MacEwen spelled out an economic viewpoint of value on Wednesday to provide a “step towards unpacking what clients mean when they speak of value.” Today, Jeffery Brandt summarized Mr. MacEwen’s thoughts in the PinHawk Law Technology Daily Digest as diving “into the ‘sell it for more’ and the ‘make it for less’ models. ... Read More »

BTI Consulting:  Areas of Opportunity for Law Firms

BTI Consulting Areas of Opportunity for Law Firms

Note:  The following is a guest post from Cindy Fox, director of product marketing with LexisNexis CounselLink. BTI Consulting recently shared its Market Outlook and Client Service Review for 2015 in a webinar. During the hour long presentation, researchers walked attendees through what they see as shifting trends in the global legal market space. Even though the outlook is more optimistic this ... Read More »

LexisNexis Adds New Software Execs in Raleigh; Seeks Two More  

LexisNexis Adds Two New Software Execs in Raleigh

The LexisNexis software division added two new executives to the leadership team and it is looking to add two more VPs – along with the some 70 positions currently open. As an announcement published to PRWeb this morning noted: Mark Huebeler has joined the software division as the unit’s chief financial officer (CFO) and Alex Withers joined as vice president of Marketing. The ... Read More »

Why the Billable Hour Persists

Why the Billable Hour Persists

The UK-based Legal Futures published a story today with an eye catching headline that we’ve observed making some rounds in industry newsletters and social media: Exclusive: in-house lawyers complain about firms failing to offer pricing options. The story is based on survey of 50 large law firms and 40 in-house legal teams which found: The vast majority, 93%, of law ... Read More »

Friday Share:  LexisNexis Software and a Sign of the Times

LexisNexis Raleigh NC

While we completed the office relocation to NC State’s Centennial Campus last summer, just yesterday we got our sign.  Literally…we got a big sign on our new building, as the photo nearby illustrates. To commemorate the occasion, we’re forgoing legal infographics and YouTube videos that are normally found in the Friday Share series for a humble brag today.  And we’ll ... Read More »

What Size is the Addressable US Legal Market?

how big is the US legal market

We know the legal market is large but just how large, is largely dependent, on the parameters in use. In the US, the venerable BTI Consulting puts that number at more than $100 billion.  Richard Granat, in a presentation about the latent market for legal services, says it’s roughly $145 billion.  In an article on his Legal Transformation Institute website ... Read More »