Home » Tag Archives: corporate legal trends

Tag Archives: corporate legal trends

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 »

5 Best Practices for Corporate Legal amid Globalization

5 Best Practices for Corporate Legal amid Globalization

Nearly 90 percent of companies are moving into new global territories, as we speak, according to Head of Legal Operations and Chief of Staff at Uber, Susan R. Packal. She expressed her ideas in a contributed piece for the ACC Docket, which was syndicated on the Hyperion Research website. In other words, corporate globalization is officially booming. “The evidence for ... Read More »

Corporate Legal: Where the Magic is Happening

Corporate Legal Where the Magic is Happening

To tag on a famous marketing slogan – the corporate legal department today, is not the legal department our parents might have known.  With the swing of the in-house-outside counsel pendulum, legal departments have increasing support from the businesses – but also higher expectations to be strategic partners. Legal departments are more carefully selecting the work that comes in, and ... Read More »

In Corporate Legal, Data Analytics a Rising Star [Infographic]

In Corporate Legal Data Analytics a Rising Star [Infographic]

The adoption of data analytics is poised to accelerate among the legal community and especially among those serving in corporate legal departments. That’s the conclusion data analytics experts draw in a short report published by the Coalition of Technology Resources for Lawyers (CTRL).   The report is based on a survey conducted by the Information Governance Initiative and commissioned by the ... Read More »

Stats, Facts and Comments from 7 Corporate Legal Studies

Briefing Stats Facts and Comments from 7 Corporate Legal Studies

Cliff notes, summaries and neatly organized reports are all part of the close watch the Business of Law Blog keeps on legal industry studies. Today’s roundup focuses on those studies and survey stemming from inside counsel – and cuts the list of studies to review from 17 to 10.  As always we strive to link to the underlying source as ... Read More »

Trends in Legal Spend from a Law Department Survey

Trends in Legal Spend from a Law Department Survey

Overall corporate legal spend has increased modestly but that spend has largely gone toward inside counsel, according to the 2015 HBR Law Department Survey. Total legal spend grew by 2% worldwide – which mirrors the findings in last year’s survey.  The survey announcement provided a summary in the form of median numbers: “The median total legal spending was $27 million ... Read More »

Law Firm Competition: Buyers Becomes a New Entrant

Law Firm Competition Buyers Becomes a New Entrant

One of the five factors in Porter’s Five Forces model, a framework for evaluating a competitive environment, is the “threat of new entrants.” The 2015 Law Firms in Transition study by Altman Weil finds this “threat” is a broadening category. “Eighty-three percent of law firm leaders say they believe competition from non-traditional service providers is a permanent change in the ... Read More »

Infographic: Law Firm Panels and Legal Industry Scorecard

Infographic Law Firm Panels and Legal Industry Scorecard

Even as the largest law firms raise billing rates, corporate counsel continues to consolidate law firm panels. The most recent CounselLink® Enterprise Legal Management Trends Report found “55% of companies in the data pool have 10 firms or fewer accounting for at least 80% of outside counsel fees.”  As the infographic, and 2015 Mid-Year Scorecard, nearby show, law firm consolidation ... Read More »

Q&A with Veta Richardson:  ACC Chief on Teaming with Australia

Q&A with Veta Richardson ACC Chief on Teaming with Australia

Globalization is a consistent trend in the backdrop of the corporate counsel agenda.  Combined with the fact that corporate legal departments are taking more work in-house and a clear need for a larger support network has emerged. It’s been nearly a year since the Australian Corporate Lawyers Association announced it was joining with the Association of Corporate Counsel – the ... Read More »

4 Steps for Deciding to bring eDiscovery In-House or Outsource It

4 Steps for Deciding to bring eDiscovery In-House or Outsource It

Note: The following is a guest post from George Socha, the president and founder of Socha Consulting LLC, an electronic discovery consulting firm. Many corporate legal departments and government agencies are struggling with a common question right now: do we bring everyday eDiscovery in-house, outsource it to a qualified service provider or just leave our workflow the way it is? ... Read More »