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Tag Archives: legal industry study

A Cheat Sheet for 5 Recent Legal Industry Studies

A Cheat Sheet for 5 Recent Legal Industry Studies

The volume of digital information created everyday is eight times greater than that in all U.S. libraries.  It’s daunting to say the least and the legal industry too produces an impressive volume in the form of data, surveys and reports. Over the last few weeks, there have been a flurry of legal industry studies published, and while we haven’t gotten ... Read More »

What are the Going Law Firm Billing Rates by Practice Area?

Going bill rates by practice area - small

The first of six key metrics in the newest edition of the Enterprise Legal Management Trends Report covers the going law firm billing rates by practice area.  The data is based on $18 billion in legal invoices processed through the CounselLink systems since 2009. The data presented in the chart nearby (click here or image for higher resolution), is a ... Read More »

5 Takeaways from the 2015 Litigation Trends Survey

5 Takeaways from the 2015 Litigation Trends 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. Class action lawsuits are the number-one litigation issue on the minds of in-house counsel at companies in the U.S., Canada and Australia, according to a new survey. The global law firm Norton Rose Fulbright released its 2015 Litigation Trends ... Read More »

Infographic: How $3 Billion is Spent in IP Litigation

thumnail-three-billion-IP-litigation

BTI Consulting estimated that corporate legal spending for IP litigation neared $3 billion dollars in 2014.  “The typical larger company is expecting 44 more substantive matters than 2013, with increases taking place across almost all major fronts,” according to an blog post by the consulting firm. How is that money being spent?  A new analysis by the CounselLink® team – ... Read More »

Legal Spend Trend: Big Law Winning More IP Litigation Work

CounselLink-ELM-Trends-Litigation-market-share-bolb

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 »

Friday Share:  The Top Law Firm Challenge in 2015

Friday Share The Biggest Law Firm Challenge in 2015

Keeping pace with technology – it’s the top law firm challenge according to a poll of attendees at ABA TECHSHOW®.   Economic pressures, follows a close second amid an industry climate where clients are expecting more for less from legal service providers. Retaining clients, files sharing security and collections rounded out the results with a handful of respondents citing “other” as ... Read More »

Is the Legal Market for Talent Brightening?

Is the Legal Market for Talent Brightening

“The job market for newly minted associates is showing signs of improvement,” according to a telephone survey of 350 attorneys which was recently published by Robert Half Legal. Thirty-two percent of attorneys interviewed said their organization plans to “increase slightly” or “increase significantly” the number of entry-level lawyers hired in the next 12 months. An announcement for the survey results ... Read More »

Are US and UK Law Firm IT Oceans Apart?

Are US-UK Law Firm IT Oceans Apart

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 legal services industry is increasingly a global marketplace, fueled by more cross-border law firm mergers this year and continuous innovation in the application of technology to the practice of law. Still, there are attributes unique ... Read More »

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 »