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Tag Archives: legal industry study

Budgets, Compliance, Security Top CLO Priorities, ACC Survey Says

Budgets Compliance Security Top CLO Priorities ACC Survey Says Post

Chief Legal Officers (CLOs) expect budgets to remain flat even as they wrestle with a range of issues from security and compliance to diversity, according to the 2015 CLO Survey, recently released by the Association of Corporate Counsel (ACC). The annual survey, which this year counted 1,289 respondents, found “almost two-thirds of chief legal officers said they plan no change ... Read More »

Citi Private Bank Law Firm Survey Finds More Signs Point Positive

Citi Legal Survey Finds More Signs Point Positive

The growing confidence observed across the US legal industry, including optimism from corporate counsel, at year’s end seems to be continuing. That’s according to the latest Quarterly Flash issued by Citi Private Bank which examined the full year for 2014. According to an executive summary we were sent by email: Law firm revenue grew, profits widened, productivity increased and demand ... Read More »

Friday Share:  An Essential Guide for Lawyers in Social Media

Friday Share Essential Guide for Lawyers in Social Media

The online publication Attorney at Work recently published a free Lawyer’s Guide to Social Media Marketing. It’s an impressive piece of work that both breaks down results of a survey of its own readers and bundles a range of useful independent articles. These articles are quick reads and written by reputable personalities in the legal industry including Jared Correia, Gyi ... Read More »

BTI Consulting:  Areas of Opportunity for Law Firms

BTI Consulting Areas of Opportunity for Law Firms

Note:  The following is a guest post from Cindy Fox, director of product marketing with LexisNexis CounselLink. BTI Consulting recently shared its Market Outlook and Client Service Review for 2015 in a webinar. During the hour long presentation, researchers walked attendees through what they see as shifting trends in the global legal market space. Even though the outlook is more optimistic this ... Read More »

What Size is the Addressable US Legal Market?

how big is the US legal market

We know the legal market is large but just how large, is largely dependent, on the parameters in use. In the US, the venerable BTI Consulting puts that number at more than $100 billion.  Richard Granat, in a presentation about the latent market for legal services, says it’s roughly $145 billion.  In an article on his Legal Transformation Institute website ... 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 »

5 Litigation Support Tech Trends from 2014 ILTA Survey

5 Litigation Support Tech Trends from 2014 ILTA Survey

Note:  The following is a guest post from Daryn Teague, who provides support to the litigation software product line within the LexisNexis software division. The International Legal Technology Association (ILTA)’s annual Technology Survey was just released, reporting on a wide range of legal IT trends across the past four years, based on the input of 454 law firms nationwide. One of the areas ... Read More »

A Handy Reference Guide to 6 Legal Industry Studies

A Handy Reference Guide to 6 Legal Industry Studies

Regular readers know we spend a lot of time reviewing and writing about legal industry studies on these pages.  Perusing these pages will show we published more than 30 individual posts in 2014 – about both qualitative and quantitative research. Some of this research stems from projects we developed – others are derived from projects from across the industry, including ... Read More »

3 Law Firm Surveys Suggest Confidence at Year End

law firm confidence

It’s simply remarkable just how much data is circulating in the legal industry about the state of things.  Last week we examined five law department surveys in the hunt for insights as we turn the corner into 2015. These studies all stemmed from the perspective of the corporate legal department, so this week we thought we’d review several reports predicated ... Read More »

5 Statistics Forecasting the Future of eDiscovery

5 Statistics about the Future of eDiscovery

Note:  The following is a guest post from Daryn Teague, who provides support to the litigation software product line within the LexisNexis software division. Tools for eDiscovery continue to evolve in sophistication and deliver measurable return on investment to litigation teams – and law firms are planning healthy investments over the next couple years. This was one of the findings from a ... Read More »