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A Tricky Email Scam and Avoiding Law Firm Malpractice

An Email Scam that Tricks Lawyers and Avoiding Malpractice

Ever get a promising email from royalty in a foreign land?  The would-be pen pal writes in such emails that he or she is due a large sum of money, and those who oblige to help recover it, will be rewarded by getting to keep a hefty sum of the total. It seems nearly everyone has seen these scams, but ... Read More »

Photo Finish: 9 Visuals from the LexisNexis Ironman Raleigh 70.3

lexisnexis ironman raleigh

For the second consecutive year, we sponsored, volunteered and competed in the LexisNexis® Ironman Raleigh 70.3 presented by PNC. Sure the sponsorship presents the opportunity to build the LexisNexis brand in the local Raleigh community – most people in our back yard don’t realize how much our local offices have grown or the opportunities (arguably, the largest concentration of legal ... Read More »

Building Client-Value Processes Into Law Firm Client Intake

Building Client-Value Processes Into Law Firm Client Intake

Every buttoned-up law firm builds protective measures into client intake. Whether it’s conflict searches, sending out engagement letters for signatures, setting up matters in practice or financial management software or any of the day-to-day tasks that play a key role in establishing proper records and conducting due diligence, all are considered standard processes for shielding the firm, and the client, ... Read More »

The Business Case for Law Firm Practice Management ROI

Case of the Cloud in Law Firm Practice Management

If the equation for return on investment (ROI) equals the gain from an investment, minus the cost of the investment, and in turn divided by the cost of the investment, then the ROI for law firm practice management could exceed 4000%. This estimate comes from a report published by Blue Hill Research titled Building a Business Case for Law Practice ... Read More »

5 Steps on the Road to Leveraging Machine Intelligence in Legal

5 Steps on the Road to Leveraging Machine Intelligence

Note: The following is a guest post from Daryn Teague, who provides support to the litigation software product line within the LexisNexis software division. Lawyers and legal technology professionals are struggling to grasp the vast potential of “machine intelligence” to reinvent the way we litigate in the U.S. A 2011 article in the New York Times reported on the broad sense that we ... Read More »

The 10 Most Popular Business of Law Blog Posts Among 70

Metrics Invoices and LMA The Most Popular Among 70 Blog Posts-head

In the 90 or so days spanning the months of March, April and May (2015), we’ve published upwards of 70 posts.  It’s always interesting to see what posts resonate with the legal community, so what follows below is a summary of the top 10 posts for the last three months. It’s worth noting the analysis is driven by reader clicks ... Read More »

Infographic: Client Value as a Path to Law Firm Profitability

Client Value as a Path to Law Firm Profitability

“There is only one boss-the customer,” according to Sam Walton who founded Walmart in 1962. “And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.” It’s a timeless quote that underscores a key difference between financial metrics and client value metrics.  The former provides a measure of results, the latter ... Read More »

Law Firm CMO on the Evolving Business Development Landscape

Law Firm CMO on the Evolving Business Development Landscape

Law firms aren’t laggards in business development, says Jeanne Hammerstrom, the chief marketing officer at Benesch, Friedlander, Coplan & Aronoff LLP, which is headquartered in Cleveland and maintains seven offices including one in Shanghai.  She points to the lengthening tenure of top marketing and business development leaders at law firms as evidence that things are going right. Sure the legal ... Read More »

What are the Going Law Firm Billing Rates by Practice Area?

Going bill rates by practice area - small

The first of six key metrics in the newest edition of the Enterprise Legal Management Trends Report covers the going law firm billing rates by practice area.  The data is based on $18 billion in legal invoices processed through the CounselLink systems since 2009. The data presented in the chart nearby (click here or image for higher resolution), is a ... Read More »

5 Takeaways from the 2015 Litigation Trends Survey

5 Takeaways from the 2015 Litigation Trends Survey

Note: The following is a guest post from Daryn Teague, who provides support to the litigation software product line within the LexisNexis software division. Class action lawsuits are the number-one litigation issue on the minds of in-house counsel at companies in the U.S., Canada and Australia, according to a new survey. The global law firm Norton Rose Fulbright released its 2015 Litigation Trends ... Read More »