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Tag Archives: legal industry study

SlideShare Friday:  9 Trends Impacting Paralegals

SlideShare Friday 9 Trends Impacting Paralegals

The ABA Journal recently reported compensation for paralegals is on the rise with managerial positions in law firms earning just under $80 per hour.  The average hourly rate earned however, was substantially less, running between $34 and $37 per hour.  According to the data, paralegals at law firms tend to earn slightly more than those working for corporate legal departments. ... Read More »

Compliance: No Mystery on the Corporate Counsel Agenda

a review of current corporate legal department surveys one distinct pattern emerges: compliance is keeping corporate lawyers awake at night.

Depending on who is answering the question, estimates for the legal market in the U.S. alone range from $100 billion to $300 billion. Needless to say, it’s a wide gap and as it tends to be with studies, the results usually center on the parameters: what’s included versus what is excluded. What the industry might be able to agree on ... Read More »

Infographic Friday: Billing Rates Up 4%, But So Are Discounts

law-firm-differentiation-means-rate-pressure

Note:  The following is a guest post by Larry Bodine; the infographic, as customary with our Friday Share series, follows below.  Law firm billing rates are up in all firm sizes – especially at “top of the market” megafirms – but then, so are discounts, according to a pair of influential surveys of the legal profession. Fees at megafims have ... Read More »

Study tells a Story about Law Firm File Sharing

leixsnexis law firm file sharing

If data could speak for itself…it might tell a story. The story that unfolded from a survey of law firms we published today goes like this: File sharing is increasingly important in law firm collaboration and while those firms are keenly aware of the consequences of IT security risks, unencrypted email – reinforced with a statement of confidentiality – remains ... Read More »

Friday Share: New Survey finds Admins Rule Law Firms

ALA polling buttons

More than just the glue that holds law firms together — administrative personnel arguably “rule” law firms.  This according to a new LexisNexis survey conducted this week at the 2014 ALA Annual Conference & Exposition. Attendees of the conference that visited the LexisNexis booth were invited to remove a button from a jar in order to cast their vote.  A ... Read More »

9 Takeaways from the Altman Weil Law Firms in Transition Study

Law Firms in Transition, Altman Weil

Altman Weil recently released an updated Law Firms in Transition Study – a sweeping 131 page report – that paints a rather challenging portrayal of the competitive legal landscape for large law. Consider the following reactions in the press: >>>Law360: “The lessons for BigLaw of recent years about tougher competition, commoditization of legal work and billing trends are sinking in ... Read More »

Slowly Being Fired: 3 Tips for Law Firm Business Development

BTI consulting, law firm business development, law firm CRM

“Corporate counsel drop 7 firms from their law firm rosters,” emphasizes BTI Consulting Group in its just released report on Corporate Counsel Management Strategies.  And the news gets more challenging:  “Overall legal budgets remain relatively flat and any increases seen are going straight to internal resources.” Add to client pressure on billing rates, which may have been frozen or even ... Read More »

Porter’s Five Forces for the Legal Industry

Porter’s Five Forces for the Legal Pro

Michael E. Porter, the renowned economist and academic published a framework for analyzing markets in the Harvard Business Review in 1979.  Students of business get a good dose of the framework as a means to analyze competition in a given market — in order to drive the development of a business strategy. The framework now known as Porter’s Five Forces, ... Read More »

16 Stats from the State of Legal Technology #ABATECHSHOW

16 Stats from the State of Legal Technology

Some 1,500 tweets crossed the hashtag for #ABATECHSHOW on the first day of the show, according to an analysis completed on Hashtracking. The Droid Lawyer, Jeffery Taylor and Lawyerist scribe Sam Glover helped fuel the exchanges on the social network with respective live blogs: Lawyerist: #ABATechShow 2014 Liveblog The Droid Lawyer: ABA TECHSHOW Live Blog Mr. Glover’s post also includes ... Read More »

Infographic: What Technologies do Lawyers Prefer?

smartphone

We first spotted this infographic on Lawyer Tech Review in a post by Geri Dreiling titled: SaaS, Smart Phones & iPads: Lawyers Surveyed by ABA Reveal Tech Preferences.  We’ve “pinned it” to a board on the social network Pinterest dedicated to legal industry infographics. The data is based on the ABA’s 2011 Technology Survey and we thought it made for ... Read More »