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Source The American Lawyer|2018-08-15T17:54:49-07:00Feb 21st, 2018|Categories: Post|Tags: Finance, Law Firms, Legal Spend, Outside Counsel|
A Citibank survey shows that the most successful law firm increase billing rates more consistently than the broader industry average.
Source Legal Executive Institute|2018-02-25T12:17:27-08:00Jan 10th, 2018|Categories: Post|Tags: Law Firms, Legal Operations, Outside Counsel|
The 2018 Report on the State of the Legal Market issued by The Center for the Study of the Legal Profession at Georgetown University Law Center and Thomson Reuters Legal Executive Institute.
Source Jordan Furlong|2018-02-25T12:20:10-08:00Dec 19th, 2017|Categories: Post|Tags: Innovation, Law Firms, Outside Counsel|
The true barrier to law firm innovation is the firm’s insistence on measuring value — both external to the client and internal within the firm — on the basis of lawyers’ time and effort.
Source Corporate Counsel|2018-02-25T11:40:47-08:00Oct 25th, 2017|Categories: Post|Tags: Finance, Guidelines, Law Firms, Legal Operations, Outside Counsel|
Law department cost control continues through outside counsel management strategies and internal hiring.
Source The American Lawyer|2017-10-18T13:32:20-07:00Oct 16th, 2017|Categories: Post|Tags: Data, Data Analytics, Law Firms, Outside Counsel, Technology|
Law firms are not keeping pace with technology developments and client expectations according to a recent PwC report. According to the report surveying more than half the UK's largest firms, [...]
Source The American Lawyer|2017-10-16T13:27:48-07:00Oct 10th, 2017|Categories: Post|Tags: Budgeting, Communication, Culture, Finance, Law Firms, Outside Counsel, Project Management, Value Pricing|
In this thoughtful article, Nancy Jessen discusses how law firms can address the reductions in profitability and realization facing the industry. Hint: 1) budget -- create a realistic scope of [...]
Source Corporate Counsel|2017-10-16T13:14:37-07:00Oct 2nd, 2017|Categories: Post|Tags: Innovation, Outside Counsel, Strategy|
The more-for-less challenge focuses on how in-house teams can deliver more legal service for less cost. Originally the focus of the balance of in-house counsel should be supplemented by law [...]
Source Peter Krakaur|2017-09-13T17:21:28-07:00Sep 11th, 2017|Categories: Post|Tags: Data, Data Analytics, Innovation, Law Firms, Outside Counsel|
A letter suggesting enhancements to the legal services innovation index.
Source American Lawyer|2017-09-26T10:04:07-07:00Sep 11th, 2017|Categories: Post|Tags: Disruption, Finance, Law Firms, Outside Counsel|
A data- and economic-focused article assessing when and how disruption will hit the large law firm market. Read the article
Source Corporate Counsel|2017-09-15T10:12:24-07:00Sep 7th, 2017|Categories: Post|Tags: Contract Management, Innovation, Law Firms, Outside Counsel, Process Automation, Process Management, Technology, Training, Transformation|
Interesting story about Bryan Cave partnering with law school to offer tech-focused internship (and improve and update a client's contract management process). Similar partnering efforts are being driven by [...]
