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Tag Archives: legal department operations

Procurement to Play Bigger Role in High-End Legal Work

Procurement to Play Bigger Role in High-End Legal Work

“Legal delivery has gone from ‘In a relationship’ to ‘It’s complicated,’’ said Mark Cohen, founder and CEO of Legal Mosaic, during the Buying Legal Council Professional Sourcing and Management of Legal Services conference. Attorney, legal tech writer and CodeX Fellow, Monica Bay, recently reported Mr. Cohen’s insights for Above the Law. She noted procurement is about to play a bigger ... 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 »

Legal Ops Grows; CLOs Strive “See Around Corners,” says Survey

Legal Ops Grows; CLOs Strive “See Around Corners” says Survey

Corporate legal departments will experience healthy growth this year, according to the latest findings from the Association of Corporate Counsel’s (ACC) Annual CLO Study. The survey finds legal operations roles are in high demand and broadly, CLOs plan to invest more money in-house, than in previous years. Last week we wrote about how the survey relates to current corporate legal ... Read More »

Study Suggests 4 Corporate Legal Trends on the Rise

Study Suggests 4 Corporate Legal Trends on the Rise

The ACC Chief Legal Officers (CLO) 2016 Survey suggests internal corporate legal spend now surpasses outside legal spend. According to the study, CLOs reported 53 percent of their budget is now dedicated to internal spending, while just 47 percent is allocated to outside counsel. Issues of compliance and ethics were named among top concerns with regulatory requirements and data breaches ... Read More »

Tools for Legal Project Management: The Kick-Off Meeting

Tools for Legal Project Management The Kick-Off Meeting

Legal project management improves client satisfaction, teamwork and the economics of legal services, writes contributor Aileen Leventon in this contribution to the LexisNexis Business of Law Blog. And they’re off…like thoroughbreds breaking from the gate and barreling down the track in single-minded pursuit of the finish line.  This image may capture of a typical start of a major matter: get ... Read More »

LPM 102:  Eight Critical Tools for Legal Project Management

LPM 102 Eight Critical Tools for Legal Project Management

Effective communication is essential to for successful Legal Project Management, says Aileen Leventon in the second of a two-part series; she recommends eight critical communication tools.  Change is inherent in the nature of legal work.  As a matter progresses – whether it is a transaction, litigation, regulatory or any other matter – new facts, circumstances and l­­­­­egal issues emerge. The ... Read More »

LPM 101: First Principles of Legal Project Management 

LPM 101 First Principles of Legal Project Management

Legal project management can improve client satisfaction, teamwork and the economics of legal services, writes contributor Aileen Leventon in this first of two-part series for the LexisNexis Business of Law Blog. Law firms and legal departments are moving quickly to augment skills in managing how legal work is done.  “Getting it done” is no longer good enough.  With clients’ refusal ... Read More »

The Top 5 Law Department Metrics for Insurers [Infographic]

The Top 5 Law Department Metrics for Insurers [Infographic]-header

Law departments within insurance companies demonstrate a high level of sophistication in corporate legal maturity.  Consider the following: Legal costs are lower. Median partner billing rates are the lowest among the practice areas tracked by the CounselLink® team. Rates tend to be stable. Legal rates in insurance work also have the least volatility with a score of 2 out of ... Read More »

3 Ways Corporate Legal Operations Use Metrics

3 Ways Corporate Legal is Using Metrics

The recent conference that provided snapshots into the evolution of corporate legal operations maturity – also provided a glimpse into metrics and measurement. It’s important to note, as the CounselLink consulting team is quick to point out, legal departments metrics may vary based on the unique needs of a given company or industry. Sometimes legal departments fall into the habit ... Read More »

Snapshots: Evolution in Corporate Legal Maturity

Snapshots Evolution in Corporate Legal Maturity

About a 100 corporate legal professionals participated in a panel discussion that centered on maturing legal operations at the annual 2015 annual LexisNexis CounselLink customer conference. In some ways, listening to the session was like being a fly on the wall as attendees and panelists discussed objectives and programs unique to respective industries, including financial services, communications and biotechnology. Here are three ... Read More »