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Compliance: No Mystery on the Corporate Counsel Agenda

a review of current corporate legal department surveys one distinct pattern emerges: compliance is keeping corporate lawyers awake at night.

Depending on who is answering the question, estimates for the legal market in the U.S. alone range from $100 billion to $300 billion. Needless to say, it’s a wide gap and as it tends to be with studies, the results usually center on the parameters: what’s included versus what is excluded. What the industry might be able to agree on ... Read More »

Lies and Truths: 8 Tips for Law Firm Marketing Online

8 Tips for Law Firm Marketing Online

Don’t believe everything you read on the internet – especially when it comes to law firms and online marketing. So said a panel of experts last week in a provocatively titled panel called “The Outright Lies and Absolute Truths of Relationship Marketing on the Web.”  The panel presented their ideas during the 4th Annual Mass LOMAP Super Marketing Conferenceand the ... Read More »

Top 10 #BusinessofLaw Posts you Might have Missed in May

business of law most read

Pricing, analysis and generally, big ideas, topped the most read posts on the Business of Law Blog this month. We greatly appreciate our readers and contributors and their influence in shaping and sharing the conversation on this blog. Here are the most read blog posts for May 2104: Porter’s Five Forces for the Legal Industry 9 Takeaways from the Altman ... Read More »

SlideShare Friday:  IT Best Practices for Small Law

IT Best Practices for Small Law

Technology was the top tactic for improving efficiency in the 2014 Law Firms in Transition flash survey by Altman Weil.  Sixty-percent of law firms reported using technology – to improve efficiencies and reduce costs. While that particular study is aimed a large law firms, there’s little doubt small law has much to gain from technology as well. For many small ... Read More »

Embrace Your Law Firm Clients: 3 Ways to Make More Rain

Embrace Your Law Firm Clients 3 Ways to Make More Rain

Altman Weil’s recent 2014 Law Firms in Transition survey reminds us that many firms see the pace of change accelerating with clients as the catalyst. 34% of law firm leaders identified corporate law departments as the force most likely to lead change; 32% chose technology innovation; and, 15% selected non-law-firm providers of legal services. Only 10% of respondents believe that ... Read More »

The Droid Lawyer on Law Firms and Technology Leverage

The Droid Lawyer on Technology Leverage

Lawyers can’t just get by with a basic understanding of technology, says Jeffrey Taylor, an attorney in Oklahoma who has been managing a small law practice for about six years. Full-time Mr. Taylor runs Absolute Legal Services, LLC and part-time he pens a law blog called The Droid Lawyer, which is a fantastic resource for lawyers interested in tapping the ... Read More »

10 Telling Images from the LexisNexis Ironman Raleigh 70.3

LexisNexis Ironman Raleigh

Sixteen.  Including a three-person relay team, that’s the number of LexisNexis employees that competed in the LexisNexis Ironman Raleigh 70.3 race this past Sunday.  Thirteen went the entire 70+ miles on their own and crossed the finish line. Downtown Raleigh ran red with the LexisNexis colors as more than 50 volunteers, dressed up in t-shirts with the design you see above, ... Read More »

Four Favorite iPad Apps for Legal Road Warriors

Four Favorite iPad Apps for Legal Road Warriors

Note: The following is a guest post by Oklahoma attorney Adam Banner, who also serves on the LexisNexis Firm Manager Advisory Board. Across the country, technologically savvy attorneys are infiltrating courtrooms and getting more done with less—less hassle, less stress, and less dependence on a physical office. One of the biggest aspects of this revolution is owed to the proliferation of ... Read More »

Infographic Friday: Billing Rates Up 4%, But So Are Discounts

law-firm-differentiation-means-rate-pressure

Note:  The following is a guest post by Larry Bodine; the infographic, as customary with our Friday Share series, follows below.  Law firm billing rates are up in all firm sizes – especially at “top of the market” megafirms – but then, so are discounts, according to a pair of influential surveys of the legal profession. Fees at megafims have ... Read More »

3 KPIs to Make a Law Firm More Profitable

3 KPIs to Make a Law Firm More Profitability

It almost sounds like one of those whacky “Lose weight with this one weird trick” internet ads: Some law firms are improving profitability without having to raise billing rates, win new business or without having attorneys bill more hours. These partners are improving their firm’s bottom line by rethinking efficient ways to manage the firm. A Law Firm, a Business ... Read More »