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Tag Archives: enterprise legal management

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 »

How ELM Drives Predictable Corporate Legal Spending

How ELM Drives Predictable Corporate Legal Spending2

One of the primary benefits of enterprise legal management (ELM) systems is the ability to aggregate information from previously disparate sources including e-billing, matter management and accounts payable. Once the data is assemble, corporate legal departments have an incredibly powerful source of existing information about their legal matters, to analyze: How long a specific matter should take to resolve? How ... 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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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 operations managers, or in-house counsel – is ... Read More »

Measuring What Matters About Matters

enterprise legal management trends

Recently, LexisNexis CounselLink published its first Enterprise Legal Management Trends Report. One of the key metrics included in the report is blended average matter rates, which I think warrants more discussion. When I talk to most managers of legal departments or their procurement partners, their efforts to manage rates usually focus on individual timekeepers. It’s time to look at the big ... Read More »