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Law Firm Partner Rate Gap Widens, Consolidation Increases

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Size does matter, at least when it comes to law firm billing rates. According to findings from a new CounselLink Enterprise Legal Management (ELM) Trends Report from LexisNexis, partners in the nation’s “largest 50” law firms earn significantly more than those in the second-largest group. The latest ELM Trends Report reveals that firms with 750 or more attorneys now command ... Read More »

3 New InterAction Features to Tackle Your Biggest CRM Headaches

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Law firms today face an uphill battle. A new CounselLink study from LexisNexis indicates that law firm consolidation is increasing. Based on companies reflected in the study, more than 60 percent use 10 or fewer firms to handle at least 80 percent of their legal work. For those law firms getting the bigger piece of the pie, this is great ... Read More »

LMA 2017: Technology, Processes, People (and Christian Louboutin’s)

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My big takeaway from the LMA conference in Las Vegas this week is that if I want a lot of people to read this article, I should offer the chance to win a pair of Christian Louboutin shoes. Unfortunately, we met our quota giveaway this month, so the best you get is a picture of me delicately holding one. Since ... Read More »

Dawn Hudson to Deliver Keynote Address at InterAction Accelerate 2017 Summit

Dawn Hudson to Deliver Keynote Address at InterAction Accelerate 2017 Summit

NFL Chief Marketing Officer to Share Invaluable Industry Insights If you want to know how to handle a tough business challenge, just ask Dawn Hudson. As Chief Marketing Officer (CMO) of the National Football League (NFL) and former President and CEO of Pepsi Cola North America and PepsiCo Foodservice, Ms. Hudson knows a thing or two about turning adversity into ... Read More »

Get Involved: Take Our Law Firm Marketing Survey

Take Our Law Firm Marketing Survey

“Tell me and I forget. Teach me and I remember. Involve me and I learn.” -Benjamin Franklin Have you ever wondered what keeps your law firm colleagues up at night? Are they worried about budget constraints or keeping up with evolving client demands? Or maybe they’re thinking about more cost-effective business development (BD) strategies to stay ahead of the competition. ... Read More »

Follow the Money: 4 Roads to Better Law Firm Accounting

4 Roads to Better Law Firm Accounting

When it comes to small law accounting there are two management styles. The old familiar way and the better way. “People tend to shy away from accounting,” says Certified Public Accountant, Deborah J. Schaefer. “But all you have to do is follow the money.” The trouble is, solo and small firm attorneys often get stuck in old comfortable patterns. There ... Read More »

Relationship vs. Engagement

Relationship vs. Engagement

In the world of Professional Services, relationships make or break your Business Development efforts.  I was in a Business Development seminar last year and my friend Jim said something that really resonated: “Most of us in this room work for law firms that are really good at what they do, have offices in the same cities, and charge similar rates.  ... Read More »

7 “Poke the Box” Law Firm Lessons Adapted from Seth Godin

11 “Poke the Box” Law Firm Lessons Adapted from Seth Godin

Take the initiative and good things will happen. Author Seth Godin took the title for his best-selling book, Poke the Box, from the true story of an uncle who built a sort of “busy box” for his son’s crib containing switches, lights and buzzers. Poke one switch and a light turns on. Poke it twice and a buzzer sounds. For ... Read More »

Video Preview: Latest CounselLink Enterprise Legal Management Trends Report

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From the time the first edition was published in October of 2013, the CounselLink Enterprise Legal Management Trends Report was unique in its approach. Unlike industry studies based on surveys, the data for the Trends Report was derived from a detailed analysis of invoices processed through the CounselLink ELM solution. Instead of drawing its conclusions from what corporate law departments ... Read More »

Mid-Market Firms Find Value in Big-Law CRM Solutions

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Underperforming law firms, take cover. According to the latest Association of Corporate Counsel (ACC) Chief Legal Officer’s Study, nearly half of corporate clients say they will more than likely shed at least one lagging law firm this year. But it isn’t all bad news. According to the report, there’s still plenty of opportunity for firms that set themselves apart from ... Read More »