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5 Timeless April Fools’ Jokes for the Legal Community

5 Timeless April Fools’ Jokes for the Legal Community

With April Fools’ Day landing on the last day of the week this year, we are again embracing levity.  This year we are building on the April Fool’s Pranks for Lawyers piece curated on these pages last year. After searching for new gags with an appropriate angle for legal, we’ve added just two more to the list as the theme ... Read More »

Winning Small Law Clients: Tips from a Shoe Salesperson

Want to Win More Clients Watch a Shoe Salesperson, Says Survey

Law firms can learn a thing or two about client service by emulating a Nordstrom shoe salesperson, says a new ABA Benchmark Client Intake Study. The survey, which aims to get a real sense for what prospective clients experience when trying to engage with a law firm, concludes law firms are missing the client service mark in a big way. ... Read More »

3 Law Firm Business Development Imperatives for 2016

3 Law Firm Business Development Imperatives for 2016

It takes 30,000 or 40,000 hours of practice to become an expert litigator, according to one large law firm partner.  To date, including the very seminar that partner was attending, he had spent a grand total of just a few hours honing his business development skills. If attorneys can accept that the practice of law is a skill that’s learned ... Read More »

Key Considerations Before Buying an eDiscovery Platform

Key Considerations Before Buying an eDiscovery Platform

With a number of legal software companies introducing new eDiscovery products recently, it’s understandable that many law firm CIOs and in-house legal departments are scratching their heads about which platform might be the best fit for their unique needs. Legaltech News tackled this challenge recently and spoke to a pair of prominent eDiscovery attorneys for advice about the questions that ... Read More »

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 »