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Business of Law
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Tools that help lawyers – both inside and outside counsel – run their business more efficiently.
Tools that help lawyers – both inside and outside counsel – run their business more efficiently.

389 followers
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Business of Law's posts

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This week’s Friday Share is a contributed post by Susan Kostal who suggests how law firm business development can tap PR for maximum effectiveness.

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Culling. A good filtering tool enables you to cull the data set down to a more manageable volume so that useful data reports can be produced and shared with team members.

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In Q1 2016, here are the #businessoflaw posts readers viewed the most.

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Eighty-two percent of P&C carrier legal and claims departments say flat fee AFAs are most effective in terms of helping the carrier #legal and claims departments lower costs, increase predictability and manage matters.

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“We believe that in the next few years, sophisticated Legal Procurement departments will regularly be involved in sourcing high-end, complex legal services. Almost nothing is off limits to using a professional, institutionalized approach that is normal in other areas of an organization,” the report concluded, as reported by Ms. Bay.

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A Bar Journal with Character
While there are a number of blogs dedicated to the solo and small law niche today, that wasn’t the case when the Lawyerist was first started. The first-mover advantage in combination with the passion and first-hand experience gave the site a head start that’s hard to replicate.

This is the very cool back story behind +Lawyerist.com the lifehacking site for solo and small law firms. #smalllaw  

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 eDiscovery outlook: 59% of respondents said they would rate the current general business conditions for #eDiscovery in their segments as “good”, 31% said business is “normal” and 10% said it is “bad."

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Here's an at-a-glance look at the software updates stemming from across the LexisNexis portfolio of legal software products last quarter.

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In addition to #AFA growth, the data indicates 40 percent of claims and legal departments are using AFAs for just 10 percent of their outside legal spend. This means there’s room for significant additional penetration of AFAs in this segment. #legal #claims #insurance  

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Six legal industry studies boiled down into one easy read:

1. IT as a Law Firm Asset or Expense?
2. Hot Practice Areas and Legal Jobs
3. Law Firm Collaboration and Cross-serving
4. Law Firm M&A Aimed at Opening New Markets
5. Automation Limitation? Humanize Legal Service
6. Location, Millennials and Law Firm Offices
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