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Tag Archives: general counsel

A Perfect Legal Storm:  GC and the Greatest Challenges Faced

Top Challenges Facing Legal Department

The challenge of being a GC today may well be living in a perfect storm. “The greatest challenge that general counsel have to face today is managing legal issues in an ever increasing regulatory environment, while at the same time trying to maintain control of costs,” according to Ian McDougall at the 2014 Legal Week Corporate Counsel Forum. The “perfect ... 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 »

Good Counsel: Think, Act and Achieve like a Legal Visionary

Good Counsel Think Act and Achieve like a Legal Visionary

Groundhog Day.   It’s a day in February.  It’s the title of a movie. It has become cliché for reliving the same day over and over again. It may well be a fitting description for the legal industry.  This is the narrative presented by attorney, author and entrepreneur, David Galbenski, in a key note presentation during the 2014 LexisNexis CounselLink Annual ... Read More »

Emerging Legal Role: Chief Reality Officer

Emerging Legal Role Chief Reality Officer

Economics are forcing legal department to function more like a business and less like a practice. Increasingly corporate law departments have budgets and GCs are being held to account.  This is moving the concept of the legal department operations (LDO) manager “well past the incubation stage” to more clearly define the role. This according to our own Mike Haysley in ... Read More »

Trends in ELM: LexisNexis CounselLink Annual Customer Conference

CounselLink User Conference 2014

The CounselLink team has opened up registration for the 2014 CounselLink Annual Customer Conference.  This year the conference will be held in the relatively quiet country side of Northern Virginia – about 30 miles west of Washington, DC.   This year’s event will focus on the challenges and opportunities facing corporate legal departments. We’ll be hosting a series of panel ... Read More »

Legal Department Metrics: Cost vs. Value

legal department value metrics

When asked if metrics provide a useful and accurate measure of the legal department’s value to the business, 66% of GCs say “no” in a recent survey.  Is this at all surprising?  The legal department metrics, used in most organizations, are not aimed at measuring value – they measure the legal department’s cost to the organization.  Do I think my ... Read More »

5 Brief Data Points from a Survey of GCs

legal-work-consero

The Consero Group recently released its Winter 2014 General Counsel Data Survey, which is a brief snapshot into the market view from the general counsel perspective. According to Corporate Counsel, an ALM publication: The executive consulting firm, partnering with Applied Discovery, asked 10 questions of GCs who attended a December General Counsel Forum. Consero received 52 responses. While the sample ... Read More »

8 Distinctive Characteristics of the Billion Dollar Legal Department

billion-dollar-legal-dept

Looking across the entire sample in the 2013 Law Department Metrics Benchmarking  – the data indicates corporate legal departments employ roughly 8.3 fulltime employees, including 4.7 attorneys in the corporate legal department for every $1 billion in revenue. This looked like an interesting segment of the survey sample, so we drilled down on the data specific only to those respondents from largest companies.  Twenty-eight survey respondents ... Read More »