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Tag Archives: legal maturity model

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 »

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 »

Defining Legal Operations and Assessing Maturity

Defining Legal Operations and Assessing Maturity

No job in the world can prepare someone in advance to take the helm as CEO of a business – except, perhaps paradoxically, the job of being CEO.  Most CEOs grow up in one part of the business and while the experience is useful, there’s little that prepares a CEO to “own everything.” That’s the analogy D. Casey Flaherty likens ... Read More »

5 Tips for Improving Corporate Legal Maturity

5 Tips for Improving Corporate Legal Maturity

Experience and dozens of engagements with corporate legal indicate that most law departments fall between somewhere between the third and fourth levels of the corporate legal maturity model. Few organizations fit squarely in any one stage, but we find most in-house teams have some technology deployed and are working towards integrating information. “Growing up is hard to do,” as the ... Read More »