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The Value of KPIs in the Legal Department

the-value-of-kpis-in-the-legal-department

Most corporate legal professionals see the value in using data to improve performance; however, Hyperion Research data indicates less than one-third of corporate legal departments are actually using data-driven analytics. Yet 58% of the same survey respondents believe that company executives understand the risks and opportunities presented by their legal matters, and more than half feel confident that they understand ... Read More »

Law Firms Turn to Boutique Providers for eDiscovery Expertise

law-firms-turn-to-boutique-providers-for-ediscovery-expertise

It’s common for large law firms to maintain a team of experts in the area of eDiscovery, with some firms even building dedicated practices to assist clients with their eDiscovery challenges. But for small and midsized law firms, it’s difficult to justify the allocation of resources needed to create a full-time, in-house team. For firms of this size, an increasingly ... Read More »

ACC Study: Law Departments to Display Strategic Business Value in 2017

acc-study-law-departments-to-display-strategic-business-value-in-2017

A new Association of Corporate Counsel (ACC) study indicates corporations today praise their legal department most highly for adhering to budgets, providing strategic counsel to the business, applying innovation to solve business challenges and using management practices to drive greater efficiency. According the ACC Law Department Management 2016 Report, showcasing success in these areas can help the legal department demonstrate ... Read More »

A Blueprint for Legal Department Budgeting and Forecasting – Part 1

a-blueprint-for-legal-department-budgeting-and-forecasting

Are you accountable for tracking your legal department’s spend? Are you currently using matter budgets, but don’t feel that you have a good way to predict your organization’s future legal spend accurately? Or, is your legal department maybe one of the approximately 40 percent that don’t do any budgeting at all? If you fall into any one of these groups, ... Read More »

ABA Legal Tech Survey Finds Use of Predictive Coding Still Related to Size of Case

Predictive Coding

The 2016 Legal Technology Survey Report, published by the American Bar Association’s Legal Technology Resource Center (LTRC), documents a common misconception in the legal industry that technology assisted review software tools are only useful in large cases. “There is a myth in our industry that predictive coding and other smart review tools are only useful and cost-effective in large-scale commercial ... Read More »

Save 50% on Firm Manager and Be Automatically Registered for CLE Webinars Led by Ann Guinn

save-50-on-firm-manager-and-be-automatically-registered-for-cle-webinars-led-by-ann-guinn

“Don’t let clients determine the value of your work,” cautions Solo/Small Law Firm Practice Management Consultant and National Speaker for G&P Associates, Ann Guinn. Instead, Ms. Guinn suggests thinking about what discounting your legal services will mean to you as a small business owner, rather than what it will mean for your clients. In other words— “Bill clients and get ... Read More »

New PCLaw Power User Certification Offers Something for Everyone

certification

In response to customer requests, LexisNexis recently launched its new PCLaw Pro Certification training for users of all levels who want to master the software—and use it to take their law practice to its fullest potential. The next class in this highly popular series is scheduled from December 13-15th at the LexisNexis Chicago office. Not only will graduates gain new ... Read More »

Relationships Matter! Understanding 8 Benefits of Relationship Intelligence

relationships-matter-understanding-8-benefits-of-relationship-intelligence

When you want to win new business for your firm – relationships matter! In a recent conversation, a highly successful attorney mentioned that the business development opportunities that work best for him are predicated on relationships. This attorney finds that people who know and trust him tend to give him business. Every professional should seriously consider how he or she ... Read More »

Boston Housing Authority Legal Team Adds Efficiency without Cost

boston-housing-authority-legal-team-adds-efficiency-without-cost

How does a team of eight attorneys and just five support staff manage a legal caseload serving 26,000 people in 70 developments and 12,600 public housing units across Boston, Massachusetts? One might assume the Boston Housing Authority (BHA) would require a goliath sized legal team to manage its constantly growing legal caseload, however the opposite is the true for the ... Read More »

Happy Thanksgiving

happy-thanksgiving

Note: The Business of Law Blog will return on Monday, November 28, following a brief Thanksgiving holiday hiatus. No matter how you look at it, we all have much to be thankful for—friends, family, freedom and the rule of law, to name just a few of the many things that come to mind. The LexisNexis Business of Law Blog is also thankful ... Read More »