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8 Distinctive Characteristics of the Billion Dollar Legal Department

billion-dollar-legal-dept

Looking across the entire sample in the 2013 Law Department Metrics Benchmarking  – the data indicates corporate legal departments employ roughly 8.3 fulltime employees, including 4.7 attorneys in the corporate legal department for every $1 billion in revenue. This looked like an interesting segment of the survey sample, so we drilled down on the data specific only to those respondents from largest companies.  Twenty-eight survey respondents ... Read More »

Master Class: Microsoft Word Shortcuts for Lawyers

Master-Class-Microsoft-Word-Shortcuts-for-Lawyers

Brief.  Memo.  Correspondence.  Agreement. In the mind of the legal professional, these words conjure up a mental image, a vision, of what those documents should look like, which is an intuitive part of working efficiently.  So said Donna Brown in a webinar titled, Microsoft® Word® Shortcuts for Lawyers. Brown has served as a legal secretary and a systems administrator since 1988; today she’s ... Read More »

5 Lessons from an Expert Webinar on Law Firm Marketing

What is the opportunity cost of law firm marketing and resource allocation? (Screenshot from webinar)

  Tim Corcoran and Chris Fritsch presented an excellent webinar in December titled ROI:  Reality or Illusion.  It’s a perfect segue into the New Year because the webinar is essentially a best practices guide for law firm marketing and business development – and the two presenters combined for the perfect blend of business and legal savvy. Both Tim and Chris have written extensively on ... Read More »

5 Takeaways from the Legal Department Benchmarking Survey

legal benchmarking

ALM’s annual survey, the 2013 Law Department Metrics Benchmarking Survey, may give us reason for cautious optimism in corporate law as we head into 2014. “It’s been a long, difficult few years for U.S. corporate legal departments. In the wake of the financial crisis and the Great Recession, many general counsel had to make painful cuts to their ranks and tighten ... Read More »

21 Expert Predictions for the Legal Industry in 2014

Expert-Predictions-for-the-Legal-Industry

The years end is a time for both reflection and forecast.  It’s a chance to step back, to consider what happened in the last 12 months, and how that will impact the industry in the next 12 months. To that end we reached out to several experts in the legal industry.  Some of these predictions are from practicing attorneys and ... Read More »

Legal Industry Predictions for 2014 and Beyond

legal industry predictions

Note:  We recently asked several smart people for legal industry predictions for 2014 by email. Sam Glover provided such a compelling response we asked his permission to publish it as a guest post.  * * * Barring the occasional economic meltdown, the business of law does not change much from year-to-year, so it is more than a little pointless to try to predict ... Read More »

Eight Simple Tactics to Minimize Attorney Malpractice

top 5 alleged errors

Statistically, every practicing lawyer will face three malpractice claims in his or her career, according to Todd C. Scott, a risk management advisor with Minnesota Lawyers Mutual Insurance Company. Some practice areas, such as personal injury, will incur more than three – and the odds have seemingly increased in the last several years.  In fact, malpractice claims in that specialty rose 30 ... Read More »

5 Takeaways from a Law Firm CRM Survey

Barriers-to-CRM-success

Last week we published the results of a new survey on law firm CRM in 2013. Certainly the survey’s purpose was market research, but we also set out to test some of the ideas we’ve heard (and written about) in the marketplace. Here’s what we found at a glance: 1. CRM projects in law firms are maturing. It’s no surprise perhaps that CRM projects ... Read More »

New Survey: Insight Into The State Of Law Firm CRM

Law-firm-CRM-investment

Note:  This post was originally published by Ted Seward. It is never sufficient to just have a CRM system; the real value comes from use.  We recently completed a CRM survey that provides insight into the state of CRM in the legal market. The findings can be summed up by saying: you get back what you put into it. The ... Read More »

9 Must Read Reactions to the ELM Trends Report

litigation spending matters

What set the first-ever Enterprise Legal Management Trends Report apart wasn’t just the conclusions, but the data set that produced those conclusions. This study was not a survey but rather an analysis of invoices paid. In other words, we didn’t ask corporate counsel what they were doing, or even what they planned to do but rather, we looked at what they did. ... Read More »