Menu
law firms
Law Firm Decides to Grow its Own Clients
June 15, 2014
Readers of this blog are already familiar with the incubator projects started by numerous law schools that provide low cost office space and resources to recent grads trying to start their own firms (here, here, here, here, here, here, here, here and here). The ABA Journal is now reporting that one law firm has helped launch a business start-up incubator project in Chicago as a way to cultivate future clients. The project, called Catapult Chicago, is both a business "incubator" and "accelerator"...
June 15, 2014
Readers of this blog are already familiar with the incubator projects started by numerous law schools that provide low cost office space and resources to recent grads trying to start their own firms (here, here, here, here, here, here, here, here and here). The ABA Journal is now reporting that one law firm has helped launch a business start-up incubator project in Chicago as a way to cultivate future clients. The project, called Catapult Chicago, is both a business "incubator" and "accelerator"...
Running Your Legal Business Like Nate Silver
May 23, 2014
In the ELM world, legal analytics can provide law firms, corporate law, and claims litigation departments with the data that they need as a foundation for their most critical decisions. Years of professional experience and wisdom do not fly out the window when you implement fact-based decision making. Good instincts are supplemented by concrete, real-world information that helps to hone those instincts for even better results. For example, Dawn the corporate attorney might have a general sense,...
May 23, 2014
In the ELM world, legal analytics can provide law firms, corporate law, and claims litigation departments with the data that they need as a foundation for their most critical decisions. Years of professional experience and wisdom do not fly out the window when you implement fact-based decision making. Good instincts are supplemented by concrete, real-world information that helps to hone those instincts for even better results. For example, Dawn the corporate attorney might have a general sense,...
The 2013 Patent Litigation Year in Review
May 15, 2014
We are excited to announce our first annual Patent Litigation Year in Review, containing unique insights about districts,...
May 15, 2014
We are excited to announce our first annual Patent Litigation Year in Review, containing unique insights about districts,...
Two New Tools Allow You to Compare Major Firms’ Billing Rates
May 11, 2014
Call it keeping up with the Joneses (or at least the Jones Days): Two new products provide peeks into the billing rates being...
May 11, 2014
Call it keeping up with the Joneses (or at least the Jones Days): Two new products provide peeks into the billing rates being...
What’s Next for Law Firm Leaders?
April 27, 2014
I met with Lee Pacchia on Mimesis Law‘s “Business of Law” web TV program to discuss, among other topics, my recent post in which I described how some law firms are stifling the growth of future rainmakers. I made a few bold comments, many of which are culled from the remarks and presentations I deliver at numerous law firm and law department retreats, and from previous articles. Yes, it’s easy to lob critiques. But it’s also easy to hide from the truth. There are answers for the major...
April 27, 2014
I met with Lee Pacchia on Mimesis Law‘s “Business of Law” web TV program to discuss, among other topics, my recent post in which I described how some law firms are stifling the growth of future rainmakers. I made a few bold comments, many of which are culled from the remarks and presentations I deliver at numerous law firm and law department retreats, and from previous articles. Yes, it’s easy to lob critiques. But it’s also easy to hide from the truth. There are answers for the major...
Billing Survey Shows Rates Ticking Up as Demand Dips
March 30, 2014
Corporate clients purchased fewer hours from law firms in 2013 than they did the year before, even as they paid more for what they bought. Hours were off by 1.3 percent, while fees were up by 1.6 percent. The revenue gain was powered by a 5 percent year-over-year increase in collections during the fourth quarter of 2013. These are among the most telling results of the latest LegalView Legal Market Index, which is produced by TyMetrix, the giant electronic billing clearinghouse and data analytics...
March 30, 2014
Corporate clients purchased fewer hours from law firms in 2013 than they did the year before, even as they paid more for what they bought. Hours were off by 1.3 percent, while fees were up by 1.6 percent. The revenue gain was powered by a 5 percent year-over-year increase in collections during the fourth quarter of 2013. These are among the most telling results of the latest LegalView Legal Market Index, which is produced by TyMetrix, the giant electronic billing clearinghouse and data analytics...
Companies Make Room for General Counsel Turnover
March 17, 2014
This new breed of general counsel tends to be more accustomed to working in the modern law department—where budgets are often constrained and departments must do more with less, according to Rynowecer. This means being “better organized to better support the business units” and taking plenty of initiative to raise issues with management in order to add more value. One of the significant consequences of the law department shake-up is that some firms may have to start watching their back....
March 17, 2014
This new breed of general counsel tends to be more accustomed to working in the modern law department—where budgets are often constrained and departments must do more with less, according to Rynowecer. This means being “better organized to better support the business units” and taking plenty of initiative to raise issues with management in order to add more value. One of the significant consequences of the law department shake-up is that some firms may have to start watching their back....
Lawyers Are Out, Tech Is In
March 15, 2014
Computers and applications are replacing the mahogany desks of law firms, according to Shan Li in the Los Angeles Times who reports that technology is “creeping ever faster into the $200-billion U.S. legal field.” * * * Li says these companies focus on the legal services consumers who can’t afford the price of big law firms, but still comprise a $45 billion latent market. “Once ignored by the legal industry, they are now targeted by a growing number of start-ups eager to roll out innovations...
March 15, 2014
Computers and applications are replacing the mahogany desks of law firms, according to Shan Li in the Los Angeles Times who reports that technology is “creeping ever faster into the $200-billion U.S. legal field.” * * * Li says these companies focus on the legal services consumers who can’t afford the price of big law firms, but still comprise a $45 billion latent market. “Once ignored by the legal industry, they are now targeted by a growing number of start-ups eager to roll out innovations...
Technology is Bringing Legal Advice and Documents to the Masses
March 14, 2014
Technology is creeping ever faster into the $200-billion U.S. legal field, shaking up an industry that has long been defined by tradition and dominated by white-shoe firms. Law firms are already adapting to seismic shifts in the industry. The collapse of several big ones and the downsizing of many other firms during the economic turmoil left thousands of lawyers out of work. Survivors faced a stark new landscape in which clients demanded more flexibility and an alternative to the tradition of billing...
March 14, 2014
Technology is creeping ever faster into the $200-billion U.S. legal field, shaking up an industry that has long been defined by tradition and dominated by white-shoe firms. Law firms are already adapting to seismic shifts in the industry. The collapse of several big ones and the downsizing of many other firms during the economic turmoil left thousands of lawyers out of work. Survivors faced a stark new landscape in which clients demanded more flexibility and an alternative to the tradition of billing...
How to Get a Share of the $100B Corporate Legal Market
January 21, 2014
In 2014, the high-growth, high-rate law practices in which corporate clients will hire law firms are IP litigation, class...
January 21, 2014
In 2014, the high-growth, high-rate law practices in which corporate clients will hire law firms are IP litigation, class...
