Home » Tag Archives: trends

Tag Archives: trends

Infographic Friday: Law Firm M&A Billings Nearly Double

Infographic Friday MA Billings Nearly Double

M&A is back in the headlines among the legal trades. “In-house counsel and investment bankers agree that the merger and acquisition stars are aligning to create an environment more conducive for deals, according to one M&A expert,” according to ALM’s Corporate Counsel in an article titled Big Deals Put 2014 M&As at $2.5 Trillion and Rising. The Corporate Counsel article ... 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 »

SlideShare Friday: 5 Key Trends in Legal Software

5 legal software trends

There are many legal industry trends and among those of special interest to this division of LexisNexis are those that revolve around software. At the 2014 ILTA conference the top executive in our software division had an opportunity to present to a core group of customers that had also gathered at the show.  For some in attendance, it was a ... Read More »

YouTube Friday:  M&A Back in Business of Law Vogue

YouTube Friday M&A Back in Vogue

Deal-making is back in styled and the letters “M” and “A” for mergers and acquisitions are again gracing the headlines.  Those headlines also belong to publications focused on law: Wall Street Journal: Elite Law Firms Dominate as Deals Proliferate Bloomberg: Skadden Tops H1 Global M&A Rankings: Business of Law Texas Lawyer: Deal of the Week: $21.4 Million Merger For this ... Read More »

Business Development:  Evolution or Revolution?

Business Development Evolution or Revolution

When competition for mind share and market share is fierce, how do you differentiate your firm to your clients?  This year’s Legal Sales & Services Organization (LSSO) event, held last month in Chicago, tried to address the challenge of how law firms can create value. I had the opportunity to meet with one of LSSO’s co-founders, Beth Cuzzone, to discuss ... Read More »

Infographic Friday:  Job Prospects Brighten for Lawyers

Job Prospects Brighten for Lawyers

It’s been a long hard slog for jobs in the legal sector, especially for newly minted lawyers.  There have, however, been indications that the opportunities are ticking up.  The optimism makes it a good fit for this week’s Friday Share series. Jacob Gershman, penning a post for the Wall Street Journal’s Law blog cited the ABA’s 2013 Law Graduate Employment ... Read More »

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 »

6 Emergent Trends from a Corporate Legal Department Conference

6 Emerging Trends from a Corporate Legal Department Conference

Bald Mountain stands in stark contrast to the gentle green foothills where Northern Virginia begins to cede terrain to the edges of the Blue Hill Mountain range.  With an elevation of about 770 feet, it provides a commanding view of the surrounding area. Examining trends in the legal industry from higher vantage point, as Toby Brown suggested, seems like sage ... Read More »

Partner Compensation models drive law firm culture

Partner Compensation models drive law firm culture

Note:  This post was originally published by Loretta Ruppert.  “If you want to understand a firm’s culture, start by understanding the firm’s compensation procedures,” wrote Eric Goldman, an Associate Professor of Law at Santa Clara University School of Law.  From personal experience compensation does drive behavior in a law firm – good and bad. And culture is really just the result ... Read More »