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Tag Archives: legal industry study

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 »

5 Law Department Surveys Provide a Glimpse of 2015

Legal Department Means to Manage Outside Counsel Spend

As 2014 comes to an end there have been a number of legal industry studies and surveys published.   Several of these studies have focused on law departments – taking a pulse check of inside counsel. This naturally makes perfect sense given corporate counsel – the law firm clientele – is the “center of gravity in the legal industry.”  Even so, ... Read More »

Legal Infographic: What are the Top Corporate Legal Goals?

Legal Infographic What are the Top Corporate Legal Goals - header

Earlier this week we published the results of a new survey of legal departments which found 70% of said this year has been better than the last year.  It also identified existing relationships as the top gauge for evaluating outside counsel.  We’ve taken the data from the survey and developed this infographic, which is this week’s Friday Share. The highlights ... Read More »

10 Telling Statistics from Optimistic Legal Departments

10 Statistics from a New Legal Department Operations Survey

A number of surveys released this year have begun to reveal a sense of optimism within the U.S. legal market.  We’d hasten to add this particular flavor of optimism is better described as cautious. Cautious as it may be, we sought to quantify that optimism.  A new survey found most legal departments think this year has been better than the ... Read More »

In Evaluating Outside Counsel, Corporate Legal says Relationships Still Matter

Evaluating Outside Counsel Corporate Legal says Relationships Still Matter - header

We recently asked corporate legal departments what they thought are the most important evaluation factors in selecting outside counsel. The answer is, as the chart nearby indicates rather resoundingly, relationships still matter. Top Factors for Evaluation Outside Counsel It’s important to note this question was a ranking question where the lower the number the better. When asked to rank a ... Read More »

Infographic Friday: Challenges of Law Firm Billing

Infographic Friday Challenges of Law Firm Billing-header

Invoicing and billing present steep challenges for law firms.  According to a recent law firm billing survey we conducted: 73% of law firms report experiencing past due accounts 58% say they spend too much time on billing Roughly half of small law firms say about 4 in 10 accounts are past due 82% report client financial hardship as the root ... Read More »

Trending Legal Spending: Examining the HBR Consulting Study

CounselLink Corporate Counsel Analytics

Around the world corporate legal spending grew by 2% in 2013, according to a new survey by HBR Consulting.  How that money is being spent makes all the difference – inside legal spending grew 5% while spending on outside counsel dropped by 2%. A narrower look at corporate legal spending within the U.S. produced similar results.  The survey found that ... Read More »

Infographic Friday:  Trends Shaping the Legal Industry

legal industry trends

Recently, Robert Half Legal took a focused look at the legal profession in a new study titled Client Dynamics Driving Change in the Legal Profession. The study identifies four key legal industry trends shaping the profession which are: Client service pressures mount General counsel take center stage Mobility gives rise to the virtual law practice, flexible workplace Demand for specialization ... Read More »