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6 Staggering Big Data Statistics Pave the Way for eDiscovery

6 Staggering Big Data Statistics Pave the Way for eDiscovery

Note: The following is a guest post from Daryn Teague, who provides support to the litigation software product line within the LexisNexis software division. The impact of electronic discovery on our industry is often measured by legal professionals according to the amount of time, expense and headaches it has introduced to the litigation workflow. So perhaps a quick journey through ... Read More »

The Key to CRM is Tracking Relationships

The Key to CRM is Tracking Relationships

Customer relationship management (CRM) tools for professional service firms ought to track relationships – who knows whom– as opposed to tracking products.  So says Kayte Steinert-Threlkeld, the chief marketing officer for Berdon LLP, a top 35 accounting firm based in Manhattan. Relationships  trump everything in business development, an aspect perhaps unique for professional services firms, including accounting, law, engineering and ... Read More »

CPA:  How to Fairly Calculate Timekeeper Profitability Ratios

How to Fairly Calculate Timekeeper Profitability Ratios

Note: The following is an excerpt from a new eBook titled 15 Ideas for Getting a Jump-Start on 2015 which is freely available with registration. One concept that my CPA firm is working with several law firms on is adopting an objective way to gauge and compare the profitability of individual producers, all the way from paralegals to partners. For obvious reasons, most ... Read More »

Infographic Friday:  Social Media Use by Law Enforcement

Social Media Use by Law Enforcement-header

Last fall our sister division in LexisNexis Risk Solutions released a study – and an infographic — that might be of interest to our law firm clients practicing criminal defense law.  It’s this week’s Friday Share. The study – a survey of 496 law enforcement officials conducted through the online community PoliceOne.com – found that while social media is an ... Read More »

Benchmarking Corporate Legal Department Maturity

Benchmarking Corporate Legal Department Maturity

“Most of us spend time on what is urgent and not enough time on what is important,” according to Stephen R. Covey. The sentiment of the late author was reflected in the third habit – put first things first – of his bestselling book, 7 Effective Habits of Highly Effective People. Benchmarking is an effective and data-driven way to determine ... Read More »

4 Certs Legal Should Ensure Managed Services Providers Have

4 Security-Related Certifications Law Firm Managed Services Providers Should Have

Note:  The following is a guest post from Jeff Norris who leads architecture and security for the LexisNexis Managed Services business. Over the past couple of years, the legal industry has seen a growing trend of corporate counsel and their outside law firms choosing to contract with managed services providers for handling litigation data. Managed service providers provide an environment ... Read More »

Hot Legal Links and the Top 10 Posts You Might Have Missed

top 10 legal

In the year that’s passed since we launched this little blog, we’ve been amazed at the growth in readership. In 12 months or so, this blog has earned hundreds of thousands page views (and that continues to grow).  A huge “thank you” is in order for reading, engaging, sharing and otherwise, spending a few moments of your day with us. For ... Read More »

Build a Full-Service Practice Without Spending a Penny

Build a Full-Service Practice Without Spending a Penny

Note: The following is an excerpt from a new eBook titled 15 Ideas for Getting a Jump-Start on 2015 which is freely available with registration. Do you think it’s possible to build a full-service practice, serve your clients more fully, and develop a new income stream – all with no outlay of cash? It’s as simple as forming alliances with other attorneys ... Read More »

SlideShare Friday:  Small Law Cloud Best Practices

Cloud Best Practices for Small Law

The conversation about cloud computing for law firms has changed, according to a recent panel at LegalTech NY.  It’s no longer a question of is the cloud secure, but rather a question of how we can make it more secure. In order to improve on an idea, small law must have a baseline understanding of the cloud.  We recently spotted ... Read More »

10 Tips for Improving Law Firm Invoicing and Billing

10 Tips for Improving Law Firm Billing and Invoicing

The ABA Journal has a full page graphic in this month’s print edition: Many small firms face big payment problems. The graphic is based on data from a LexisNexis billing survey of small law firms published in the second half of last year.  In contrast to billable hours survey previously conducted, this survey aimed to learn about the billing and ... Read More »