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Tag Archives: corporate counsel

M&A Surges, Outside Hiring Cools: ELM Trend 2015 Year-End Highlights

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Mergers & Acquisition activity is often subject to big ebbs and flows. And, that’s what we are seeing now. While Q1 2016 is showing a rather quiet period for M&A, 2015 was a boom year for M&A according to the just-published CounselLink Enterprise Legal Management (ELM) Trends 2015 Year-End Report. This new report shows that that fees paid for M&A ... Read More »

Corporate Internal Investigations: Building a smart investigation team

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Internal investigations are always sensitive and are frequently high-stakes matters that must be handled with great caution. Some of these corporate investigations are public and in the headlines, others are private and do not result in public disclosure. Many leading law firms and their corporate clients have learned valuable lessons about how to conduct effective corporate internal investigations related to ... Read More »

Corporate Internal Investigations: Establishing a smart investigation strategy

Corporate Internal Investigations: Establishing a smart investigation strategy

For in-house counsel and their outside law firms, corporate internal investigations typically were prompted by some sort of employee misconduct that needed to be assessed, documented and quickly resolved. Those instances are still an occasional thorn in the side of a GC, but in today’s global economy, the underlying causes of an internal investigation are far more diverse: allegations of ... Read More »

Legal Ops Grows; CLOs Strive “See Around Corners,” says Survey

Legal Ops Grows; CLOs Strive “See Around Corners” says Survey

Corporate legal departments will experience healthy growth this year, according to the latest findings from the Association of Corporate Counsel’s (ACC) Annual CLO Study. The survey finds legal operations roles are in high demand and broadly, CLOs plan to invest more money in-house, than in previous years. Last week we wrote about how the survey relates to current corporate legal ... Read More »

4 Corporate Counsel Benefits to Early Case Assessment

4 Corporate Counsel Benefits to Early Case Assessment

At the recently concluded LegalTech New York 2016 conference, a trend appeared to be taking shape about the future of the linear review model that has shaped the eDiscovery business in recent years. Some industry players are advocating for a greater focus on early case assessment and the use of legal software tools that provide earlier insights into the landscape ... Read More »

Practical Tips for Using Outside Counsel Guidelines

Practical Tips for Using Outside Counsel Guidelines

The cornerstone of a productive client and outside counsel relationship starts by setting clear and consistent expectations for the legal department at the outset of the client engagement. So says, Kelly Spratt-Szarzynski, senior strategic consultant on the LexisNexis® CounselLink® team. This involves developing an outside counsel guidelines document that formally communicates the legal department expectations.  These guidelines apply to all ... Read More »

Inside Counsel Salaries Brighten as Skillsets Widen

Inside Counsel Salaries Brighten as Skillsets Widen

A handful of recent surveys indicate that in-house compensation is rising even as businesses expect more from corporate lawyers – both in terms of workload and skillsets. “An in-house attorney with 10 or more years’ experience working at a large company (with $250 million in revenue or more) can expect to take in 3.4 percent more in 2016 than in ... Read More »

Key Metric: The Current Law Firm Billing Rates by Practice Area

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Billing rates in some practice areas are growing faster than others, according to the most recent CounselLink® Enterprise Legal Management Trends report, published last week. The latest report – a mid-year update based on data ending June 30, 2015 – identified “IP-Patent” and “Regulatory and Compliance” as two practice areas where billing rates have risen. As the full report says, ... Read More »

Legal Tech Evolution: Discomfort and Lasting Relationships

Legal Tech Evolution Discomfort and Lasting Relationships

If law firms aren’t evolving at a suitable pace, then perhaps corporate counsel should engage in introspective thinking.  That’s according to D. Casey Flaherty, a former in-house counsel, turned consultant, who made a mark on the industry with the creation of the Legal Technology Audit. His commentary is timely given much of the conversation at the recent ILTA conference (ILTACON) ... Read More »

3 Tips for more Effectively Managing Legal Spending

3 Tips for more Effectively Managing Legal Spending

The general counsel needed a report. The corporate legal department had spent more than $20 million on external legal fees in the previous year, and he needed to know how much of that was spent specifically on litigation, where it was spent, and why. He tasked Mary Stich with generating a report which would allow him to identify areas to ... Read More »