Home » Tag Archives: ELM trends report

Tag Archives: ELM trends report

Friday Share:  Six Legal Trends in 20 Minutes

Friday Share Six Legal Trends in 20 Minutes-header

Value is topical conversation this week.   Bruce MacEwen spelled out an economic viewpoint of value on Wednesday to provide a “step towards unpacking what clients mean when they speak of value.” Today, Jeffery Brandt summarized Mr. MacEwen’s thoughts in the PinHawk Law Technology Daily Digest as diving “into the ‘sell it for more’ and the ‘make it for less’ models. ... Read More »

Law Firm Bill Rates Rising?  Update on Key Legal Spend Metrics

Enterprise Legal Management Trends Webinar-header

Are law firm bill rates rising?  The data suggests they are but, there’s a caveat, which we detail below in a brief summary of the latest CounselLink Enterprise Legal Management Trends report. It is important to note that this data is not based on survey information but rather based on actual invoices.  It is derived from nearly $17 billion in ... Read More »

Infographic Friday: Law Firm M&A Billings Nearly Double

Infographic Friday MA Billings Nearly Double

M&A is back in the headlines among the legal trades. “In-house counsel and investment bankers agree that the merger and acquisition stars are aligning to create an environment more conducive for deals, according to one M&A expert,” according to ALM’s Corporate Counsel in an article titled Big Deals Put 2014 M&As at $2.5 Trillion and Rising. The Corporate Counsel article ... Read More »

LexisNexis Webinar: Outside Counsel Spending Trends

AFAs by practice area

In 2013, alternative fees arrangements or AFAs accounted for 12% of matters and 7% of billings, according to the latest LexisNexis CounselLink Enterprise Trends Report. The report surfaced key legal trends, such as corporate legal departments moving more and more M&A work to the “second-largest” law firms, and it also reported on several industry-wide metrics. These metrics included the going ... Read More »

What are the Going Law Firm Rates by Practice Area?

What are the Going Rates by Law Practice Area

What rates can corporate counsel expect to spend for outside counsel by practice area?  The chart nearby, while complex at first glance, encompasses an enormous amount of data with an at-a-glance view of what the going rates are for legal services by practice area in United States. The data stems from our latest trends report which was released this past ... Read More »

ELM Trends:  Corporate Legal Continues Law Firm Consolidation

Law firm consolidation

It takes just ten law firms.  That seems to be the preferred number of law firms for many corporate legal departments. By year’s end in 2013, more than half of corporate legal departments had consolidated at least 80% of their corporate legal work with 10 or less firms, according to the newly released LexisNexis Enterprise Legal Management Trends Report (ELM). The ... Read More »

9 Must Read Reactions to the ELM Trends Report

litigation spending matters

What set the first-ever Enterprise Legal Management Trends Report apart wasn’t just the conclusions, but the data set that produced those conclusions. This study was not a survey but rather an analysis of invoices paid. In other words, we didn’t ask corporate counsel what they were doing, or even what they planned to do but rather, we looked at what they did. ... Read More »

ELM Trends Report: Turning Information Into Action

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Note:  This post was originally written by Mike Haysley.  As previously discussed in this blog, LexisNexis CounselLink recently published its first Enterprise Legal Management Trends Report. This report contains a wealth of information on evolving practices by corporate legal departments regarding legal spend management. An important question for individuals in roles responsible for managing legal spend – be it General Counsel, legal department ... Read More »