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How ELM Drives Predictable Corporate Legal Spending

How ELM Drives Predictable Corporate Legal Spending2

One of the primary benefits of enterprise legal management (ELM) systems is the ability to aggregate information from previously disparate sources including e-billing, matter management and accounts payable. Once the data is assemble, corporate legal departments have an incredibly powerful source of existing information about their legal matters, to analyze: How long a specific matter should take to resolve? How ... Read More »

Stubborn Facts: Lawyers as the Unsung Patriots of July 4th

Stubborn Facts Lawyers as the Unsung Patriots of July 4th

The U.S. might have won its independence with soldiers but it might not have even gotten into the fight without lawyers. While it’s easy to see the influence of the modern lawyer on our system of government – it’s worthwhile to point out the influence lifetime students of law had on its origins. Here are five interesting, if not stubborn, ... Read More »

Discounting Legal Fees Sends the Wrong Message

Discounting Legal Fees Sends the Wrong Message

Note:  The following is a guest post by Ann Guinn. If you are one of the many attorneys who regularly discount fees, you are causing yourself to underearn –and sending the wrong message to your clients. Sure, there are times when a discount is the right thing to do; but chronic discounting is a different story entirely. Let’s consider an attorney ... Read More »

Leaked! Supreme Court of Legal Tech: Cloud v. Premise

Supreme Court of Legal Tech Cloud v Premise

Sequestered away in a session at LegalTech NY last February, a semi-secretive appellate court heard arguments from attorneys arguing on behalf of both cloud-based and premise-based law firm practice management tools. Cameras were not permitted in courtroom, but over the weekend, an audio recording of the hearing surfaced on the internet was obtained by this blog. The acting justices included ... Read More »

SlideShare Friday:  9 Trends Impacting Paralegals

SlideShare Friday 9 Trends Impacting Paralegals

The ABA Journal recently reported compensation for paralegals is on the rise with managerial positions in law firms earning just under $80 per hour.  The average hourly rate earned however, was substantially less, running between $34 and $37 per hour.  According to the data, paralegals at law firms tend to earn slightly more than those working for corporate legal departments. ... Read More »

Driving Better Corporate Outcomes with Matter Management

Driving Better Corporate Outcomes with Matter Management

Note:  Sections of this post were adopted from an article titled:  How Matter Management Works for Legal Departments which ran in the August/September 2013 issue of Today’s General Counsel. The value proposition of automated matter management, in the context of enterprise legal management (ELM), is nested in visibility.  Visibility into all relevant information pertaining to a specific matter including: Establish ... Read More »

Practice Management: Should Law Firms Go Cloud or Premise?

Practice Management Should Law Firms Go Cloud or Premise

Cloud-based tools for practice management have gained substantial traction in 2014.  There has for example, been some $458 million invested in legal start-ups in the last year or so. That’s up from just $66 million year-over-year – and sizable portion of that is going toward cloud-based products and tools aimed at the legal industry. There’s good reason too: Multiple market ... Read More »

What does Law Firm CRM Really Mean?

What does Law Firm CRM Really Mean

A survey report focused on the State of Law Firm CRM published late in 2013 found “better client relations” among the primary benefits of CRM projects.  It’s worth noting the “improved ability to cross-sell” was a close second. As desinationCRM.com, the web affiliate of CRM Magazine, later reported in an article titled, Law Firms Make the Case for CRM: Fifty ... Read More »

5 Tips from Peter Drucker for Increasing Law Firm Profitability

5 Tips from Peter Drucker for Increasing Law Firm Profitability

Note:  This post was co-written with Loretta Ruppert.   Management guru Peter Drucker wrote his book The Effective Executive in 1967 yet it’s amazing how well his principles stand, the legal industry notwithstanding, in the current business environment. Law is, as Drucker might agree, knowledge work, and the sure path to improving efficiency in knowledge work is to do things better. ... Read More »

2014 LexisNexis Ironman Raleigh 70.3 Triathlon Video Recap

lexisnexis ironman raleigh 70.3

As readers of this blog know, LexisNexis both sponsored and competed in the 2014 Ironman Raleigh 70.3 triathlon, which was held on June 1, 2014.  As a company, we are of course very proud of the 16 employees that attempted and completed the race. The video nearby was developed by our creative team as a fun tribute to the iron ... Read More »