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Tag Archives: business of law

The Cliff Notes to 7 Current Legal Industry Studies

The Cliff Notes to 7 Current Legal Industry Studies

Legal economics, law graduate job prospects, and inside-outside relationships are just a few of the recent legal industry studies published of late.  We’ve collected and combed through the surveys, data and reports to provide an at-a-glance summary of the latest in legal trends here. Where possible we’ve also provided links surrounding these studies for those interested in additional reading. In ... Read More »

5 Solid Links for Getting Smart on what Watson Means for Legal

5 Solid Links for Getting Smart on what Watson Means for Legal

In the last 18 months or so it seems artificial intelligence (AI) jumped from the movie screen to the news feed scroll.  More and more articles are exploring what it means for humanity. “The Wikipedia entry for “artificial intelligence” will make you wish you had an AI tool to interpret the entry,” according to Dennis Kennedy, in a panel discussion ... Read More »

7 Creative Ideas to Kick Start Collaborative Legal Conversations

7 Creative Ideas to Kick Start Collaborative Legal Conversations

Note:  The following is a guest post by Timothy B. Corcoran. As a management consultant who spends time with both law firms and law departments, I frequently feel like a marriage counselor or mediator who is constantly encouraging each side to better understand the other. Quite often, the laments and wish lists by in-house counsel and outside counsel are fundamentally ... Read More »

8 LexisNexis Tech Webinars or Events for July

9 LexisNexis Tech Webinars or Events for July

There are a number of events coming up in the next thirty days, although one of them will occur on the last day of June rather than in July.  We’ve made it easy for the witness to spot which one in this line up:  its number #1 and coincidentally the subject of that event is a top priority for many law ... Read More »

The 10 Most Popular Business of Law Blog Posts Among 70

Metrics Invoices and LMA The Most Popular Among 70 Blog Posts-head

In the 90 or so days spanning the months of March, April and May (2015), we’ve published upwards of 70 posts.  It’s always interesting to see what posts resonate with the legal community, so what follows below is a summary of the top 10 posts for the last three months. It’s worth noting the analysis is driven by reader clicks ... Read More »

Tech Savvy as a Source of Law Firm Innovation

Tech Savvy as a Source of Law Firm Innovation

More and more law firms are embracing technology as a means to improve client experience, according to BTI Consulting. A survey of corporate counsel conducted by the research firm found “9% more law firms using technology as a source of innovation in 2015.” The statistic is just one slice of data from a larger study – the BTI Brand Elite ... Read More »

The 6 New Laws of Business Development for Firms [LMA Recap]

The 6 Laws of New Business Development for Firms

For law firms, “the world of profitable opportunities is shrinking rapidly,” said Darryl Cross. His perspective was part of a standing-room only presentation made at the 2015 LMA conference.  Mr. Cross walked through a series of slides with several data points including some drawn from the CounselLink Enterprise Legal Management Trends Report. “Profitability is going backward,” he noted, suggesting that ... Read More »

LMA Recap: Changing the Legal Industry Perception of Sales

Changing the Legal Industry Perception of Sales-middle

It’s all a misunderstanding, according to Dan Pink.  Most people, let along lawyers and legal professionals, associate the word “sales” with adjectives like “sleazy” or “yuck” or “pushy.” That view he says, is a hangover of sorts from an asymmetrical world where sellers had more information than buyers.  Car sales are the quintessential example.  At one time, the trade in ... Read More »

Is the Legal Market for Talent Brightening?

Is the Legal Market for Talent Brightening

“The job market for newly minted associates is showing signs of improvement,” according to a telephone survey of 350 attorneys which was recently published by Robert Half Legal. Thirty-two percent of attorneys interviewed said their organization plans to “increase slightly” or “increase significantly” the number of entry-level lawyers hired in the next 12 months. An announcement for the survey results ... 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 »