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The New Face of Law Firm Marketing and BD

The New Face of Law Firm Marketing and BD

Law firm business development is getting a facelift in 2016 according to Matt Thompson. In an article for LawFuel titled, 6 Ways to Shake Up Law Firm Business Development in 2016, he cites a two key factors:  A fiercely competitive legal market along with a fundamental shift in how law firms buy legal services. The outcome is motivating law firms ... Read More »

Better Search and Getting to Meaning in eDiscovery

Beyond Words and Getting to Meaning in eDiscovery

Since the earliest days of eDiscovery, professionals have used litigation software to search for specific words within documents and return individual documents of potential relevance to them for closer inspection. We’re now at a point where those tools and the people who use them need to move beyond searching for certain words – and  instead search for meaning, according to ... Read More »

Brewing eDiscovery: 10 Legal Tech Events for January 2016

Brewing eDiscovery 9+ Legal Tech Events for January 2016

Something is brewing in eDiscovery. Among the list of events below (#6) will provide a preview of what is coming in the new LexisNexis® Concordance® Desktop eDiscovery product.  And #7 hints at the beginning of the “sea of change” stemming from our Raleigh Technology Center for litigation solutions in the next 12 months. Below is our monthly legal tech roundup, ... Read More »

LPM 101: First Principles of Legal Project Management 

LPM 101 First Principles of Legal Project Management

Legal project management can improve client satisfaction, teamwork and the economics of legal services, writes contributor Aileen Leventon in this first of two-part series for the LexisNexis Business of Law Blog. Law firms and legal departments are moving quickly to augment skills in managing how legal work is done.  “Getting it done” is no longer good enough.  With clients’ refusal ... Read More »

The Top 5 Law Department Metrics for Insurers [Infographic]

The Top 5 Law Department Metrics for Insurers [Infographic]-header

Law departments within insurance companies demonstrate a high level of sophistication in corporate legal maturity.  Consider the following: Legal costs are lower. Median partner billing rates are the lowest among the practice areas tracked by the CounselLink® team. Rates tend to be stable. Legal rates in insurance work also have the least volatility with a score of 2 out of ... Read More »

5 Small Law New Year’s Resolutions for Happy Lawyers

5 Small Law New Year’s Resolutions for Happy Lawyers

The practice of making New Year resolutions is thought to have stemmed from the Babylonians, according to the History Channel.   Citizens of this ancient people would reportedly vow to return borrowed farm equipment and pay off debt. While the account makes no mention of track record for sticking to those resolutions, both appear to center on financial well-being. It’s in ... Read More »

4 Challenges with Document Production in Government

4 Challenges with Document Production in Government

A recent study by Deloitte found that 75 percent of litigation professionals at government agencies are “not confident” their agency could demonstrate their eDiscovery data is “accurate, accessible, complete and trustworthy,” if challenged. This refreshingly candid – but disconcerting – revelation illustrates the serious challenges that government agencies face when it comes to the collection, processing, management and retrieval of ... Read More »

10 Strategic Tips for Successful Law Department Budgeting

10 Strategic Tips for Successful Law Department Budgeting

Although law departments often tend to think of budgets as primarily tactical tools, budgets do have significant strategic value – as long as they’re the product of thorough planning and proper implementation. When thinking about implementing a budget process, it’s necessary to consider the various implications that stem from different strategic objectives. Corporate law departments can attack the challenge of ... Read More »

5 Keys to IT Disaster Recovery for Law Firms

5 Keys to IT Disaster Recovery for Law Firms

Note: The following is a guest post from Jeff Norris, senior director of information security for LexisNexis Managed Technology Services, and Greg Inge, managing director of information security consulting firm CQR. Most law firms have taken steps to assure business continuity and to recover from emergencies. The ABA Law Practice Division has gone to great lengths to assist by making available ... Read More »

Top 10 out of 260 Business of Law Posts in 2015

Top 10 out of 260 Business of Law Posts in 2015

In our final post of the year, and of our 2015 roundup series, we bring you the most read posts on the LexisNexis Business of Law Blog. Interestingly, by our observation, this analysis tells a story.  The story is the form of five key questions to which the legal industry is continuously evaluating: How can law firms earn more business? ... Read More »