What set the first-ever Enterprise Legal Management Trends Report apart wasn’t just the conclusions, but the data set that produced those conclusions. This study was not a survey but rather an analysis of invoices paid. In other words, we didn’t ask corporate counsel what they were doing, or even what they planned to do but rather, we looked at what ... Read More »
What set the first-ever Enterprise Legal Management Trends Report apart wasn’t just the conclusions,...
As previously discussed in this blog, LexisNexis CounselLink recently published its first Enterprise...
Recently, LexisNexis CounselLink published its first Enterprise Legal Management Trends Report. One ...
It takes guts to do a case study story. Agreeing to discuss details about your operations – the befo...
Several weeks ago, I had the privilege of attending the CounselLink Annual Customer Conference. The ...
As previously discussed in this blog, LexisNexis CounselLink recently published its first Enterprise Legal Management Trends Report. This report contains a wealth of information on evolving practices by corporate legal departments regarding legal spend management. An important question for individuals in roles responsible for managing legal spend – be it General Counsel, legal department operations managers, or in-house counsel – ... Read More »
Recently, LexisNexis CounselLink published its first Enterprise Legal Management Trends Report. One of the key metrics included in the report is blended average matter rates, which I think warrants more discussion. When I talk to most managers of legal departments or their procurement partners, their efforts to manage rates usually focus on individual timekeepers. It’s time to look at the ... Read More »
It takes guts to do a case study story. Agreeing to discuss details about your operations – the before-and-after conditions, the solutions you’ve chosen, and selected data points covering the results you’ve achieved – comes from equal measures of confidence (in your own abilities) and generosity (to let others learn from your efforts). The IP legal team at Kennametal Inc. ... Read More »
Several weeks ago, I had the privilege of attending the CounselLink Annual Customer Conference. The “privilege” part is sincere. It’s a valuable learning experience any time you get the opportunity to sit down and sample the opinions of inside and outside counsel … even more so when they’re clients. One panel session in particular stuck with me. With a lofty ... Read More »
BTI Consulting Group just released its newest study: Benchmarking Corporate Counsel Management Strategies which is based on 240 interviews with corporate counsel at large and Fortune 1000 companies. The data were collected between March 22 and September 12, 2012. Here are seven takeaways: General Counsel priorities are changing. The survey found the top goal for corporate counsel is delivering more ... Read More »
Congratulations to Caesars Entertainment Corporation on their selection as a “Best Legal Department” for 2013 by ALM’s Corporate Counsel. The designation only went to four departments this year, which puts General Counsel Timothy Donovan and the Caesars team in a very select group of top performers worthy of the recognition. In general terms, Caesars earned the award by virtue of ... Read More »
One of my favorite topics during meetings and presentations with General Counsel is measuring the value of legal departments. In my experience, nearly everybody in a corporation recognizes that the legal department adds value, but very few have concrete ideas regarding the right metrics to quantify that value. The default result has all the metrics focused on cost, thus perpetuating ... Read More »
It’s difficult to find a positive angle or outcome from all the recent articles and blog posts tied to inflating, padding or churning law firm bills. People can argue about whether the story is fact or fiction, and point fingers to identify who they believe to be right or wrong. In the end, our entire industry is diminished at being ... Read More »
Many readers probably have seen my November article about the defects of the business formula by which most modern law firms operate. With recent news stories about abusive billing practices, it’s probably a good time for law firm and in-house counsel to stand back and ask, are we delivering the three goals of the Association of Corporate Counsel Value Challenge? ... Read More »