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Tag Archives: enterprise legal management

10 Useful Corporate Legal Blog Posts

How Corporate Legal Can Predict a $1.3b Budget within $80k

Editor’s Note:  The original content published here has been removed and in place we offer you the following which proved popular with corporate legal and legal operations professionals.   1. Study Suggests 4 Corporate Legal Trends on the Rise Most legal departments are in the 3rd or 4th level along the legal operations maturity model.   It’s the “beginning of the middle” as D. Casey ... Read More »

Choosing the Right ELM Solution for the Law Department

Choosing the Right ELM Solution for the Law Department

Peyton Manning’s recent championship win teaches a valuable lesson about how to buy the right enterprise legal management (ELM) solution, according to Jeff Skott, principal solutions architect for LexisNexis® CounselLink®. Say again? Although Peyton Manning is a great quarterback, says Mr. Skott, without the support of a stellar defensive and offensive line, the outcome might not be the same. However, ... Read More »

The Importance of Periodic Evaluation of Legal IT

The Importance of Periodic Evaluation of Legal IT

The nineteenth-century French journalist, Jean-Baptiste Alphonse Karr, famously wrote, “The more things change, the more they stay the same.” While that may apply to many situations, it doesn’t tend to hold water when talking about corporate dynamics. Take the PepsiCo global snack food and beverage maker, for example. As related in a recently published LexisNexis case study, the company has ... Read More »

Legal Spend Trend: Big Law Winning More IP Litigation Work

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A new edition of the CounselLink Enterprise Legal Management Trends Report finds the largest of law firms – those with 750 or more attorneys – are winning market share in highly competitive IP litigation work.  An announcement published online notes: The largest firms are winning a growing share of market in IP litigation – from 36% in 2011 to 61% ... Read More »

5 Tips for Streamlining Your Legal Department

5 Tips for Streamlining Your Legal Department

Note:  this post was originally written by Angela Petros.  How can we do more with less? If you’re an in house attorney you’ve likely heard that phrase ad nauseam, but the truth is, today’s corporate legal departments are under intense scrutiny to save money and add value to the business. While this seems like an uphill battle, there’s plenty of ... 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 »

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 »

Webinar:  Corporate Counsel on Enterprise Legal Management

Rackspace Corporate Counsel on Enterprise Legal Management

The promise of Enterprise Legal Management or ELM is to provide corporate counsel with data to make better legal decisions – decisions about legal matters, legal hold and legal spending. It’s a big promise and as it is so common with enterprise-wide projects, expert advice usually recommends starting with a few small hunches, demonstrating success and then rolling the project ... Read More »

Keynote Video:  Painting a Picture of the Legal Services Industry

Painting a Picture of the Legal Services Industry

Attorney, author and entrepreneur David Galbenski believes the legal industry may be at the “most unique inflection points that we’ve experienced” in our lifetime.  The legal industry he says is “under dramatic transformation and disruption” which provides the opportunity to innovate, or perhaps to imagine the future of law. The video embedded nearby captures his complete keynote presentation as provided ... 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 »