Leading Law Departments
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Common mistakes of law departments that send out Requests for Proposals. Here are two of the mistakes, out of five. '2. Impose unrealistic deadlines - Crazy deadlines that don't allow for thoughtful responses, or are imposed with the expectation that law firms will drop everything to reply on time. Previously I mentioned that one reason a law firm may decide not to respond to an RFP is if the deadline is unreasonable. This tactic may indicate to some law firms that a specific firm has been pre-selected, and that the RFP is being proffered simply because it is corporate policy to seek three bids.
4. Exclude selection criteria, such as weighting information - Corporate clients that don't communicate the scoring process and proposal assessment criteria are putting themselves at a disadvantage. Law firms need to know what the rating is for fees versus other technical factors. The responses to the selection criteria will give in-house departments the best indication of how the strengths of the competing law firms align with the company's goals.'
Click here for the full text from NL Watson's Nancey Watson.
Scrutiny of one aspect of a complex maturity model. Most law departments lag far behind according to this maturity model. 'I have elected to look at one function - external resources management - to illustrate the report's treatment of the sub-functions. This function had the fifth highest score at 2.85, yet only 11 per cent of the law departments reported that they were in the advanced stage. The report relies on 13 sub-functions to determine operational maturity for external resources management. These follow with the total percentage of participants stating that the elements are "not yet in place" and "planning to be in place". Otherwise said, these departments are at best in the early stage.'
Click here for the full text from Catalyst Legal's Richard Stock.
How the Am Law 200 represents power-law distributions. Not everything in life follows a neat bell curve distribution. 'Primarily because averages can be a helpful and informative component of generating a summary or overview of data distributed over a standard or normal or bell curve. However - and this is the key - the Am Law 200 represents data distributed over a power curve. With this type of distribution, averages don't just mislead; at times, they may in fact lie.'
Click here for the full text from Adam Smith, Esq.'s Bruce MacEwen and Janet Stanton.
A handsome chart of metrics that law departments might track. Easy to create these sorts of eye candy, but hard to put into practice. 'But what is Legal Data? Where do you start? What sort of things can you realistically measure?' The image at least gives a breather from text.
Click here for the full text from Coupa's Jamie Wodetzki.
Some of the pitfalls regarding contracts. An e-book by this vendor describes six other problems that law departments commonly have with contracts. '2. Do you have too many competing "templates" for the same type of contract, leading to non-standardized contract language?'
Click here for the full text LinkSquare's Samantha Wargo.
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Top News
- The Top 5 things Law Firms Hate About RFPs NL Watson Consulting: Articles, June 26, 2020
- Use All Your Levers to Control Legal Spend Corporate Counsel Business Journal: Blog, June 26, 2020
- Benchmarking Law Department Operations Catalyst Consulting, June 25, 2020
- How not to think about the 2020 Am Law 200 Legal Executive Institute: Blog, June 25, 2020
- Why do I need a Legal Data Strategy? Corporate Legal Ops Consortium: Blog, June 23, 2020
- 7 Warning Signs of Bad Contract Management Linksquares Blog, June 22, 2020
PinHawk Microsites
- The Time is Now for BigHand Now Joe Lamport - PinHawk
- LPM is Change for the New Economic Reality: Part Three of a Four-Part Series Carla Landry - LawVision
- DLA Piper Moves to Remote Working in 36 Hours as a Result of Strong IT Infrastructure Big Hand - DLA Piper Case Study
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Coronavirus
- Post-COVID Business Practicalities: Better Policy, EUC and Model Risk Management Mitratech: Press Releases, June 26, 2020
- How to find mentors & sponsors during the COVID-19 era Legal Executive Institute: Blog, June 26, 2020
- Report: The Coronavirus E-Discovery Impacts Are Severe Across Industries Exterro Blog, June 24, 2020
- Corp Fin Supplements Covid-19 Disclosure Guidance CorporateCounsel.net Blog, June 24, 2020
- Does Force Majeure Apply? Answering Questions About Contracts in the Time of Coronavirus Inside Counsel, June 23, 2020
- How Workflow Automation Can Build Business Continuity After COVID-19 Mitratech: Press Releases, June 23, 2020
- Our Summer Speaker Series: COVID-19 and Innovation Policy Patently-O - Dennis Crouch, June 22, 2020
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In the News
- 10 Questions Companies Should Address for a Remote-Work Environment Inside Counsel, June 26, 2020
- The New Normal for Conducting Investigations in a Remote Work Environment Inside Counsel, June 26, 2020
- Sustainability Disclosure: Pru Reports “Stakeholder Framework” Progress CorporateCounsel.net Blog, June 26, 2020
- How to find mentors & sponsors during the COVID-19 era Legal Executive Institute: Blog, June 26, 2020
- Valuation Duff and Phelps: Publications, June 26, 2020
- Richard Susskind + Mark Cohen on Educating + Skills for Legal Professionals Prism Legal, June 25, 2020
- Benchmarking Law Department Operations Catalyst Consulting, June 25, 2020
- Practical Implications for Employers on Recent SCOTUS Ruling Giving Title VII Protection for LGBT+ Employees Inside Counsel, June 25, 2020
- SASB Disclosures: Contributing to Societal Change? CorporateCounsel.net Blog, June 25, 2020
- How not to think about the 2020 Am Law 200 Legal Executive Institute: Blog, June 25, 2020
- M&A Advisory Duff and Phelps: Publications, June 25, 2020
- Litigation, ADR, ODR—The Next Normal? Prism Legal, June 24, 2020
- Five Takeaways for Corporate Counsel on the USMCA Inside Counsel, June 24, 2020
- Corp Fin Supplements Covid-19 Disclosure Guidance CorporateCounsel.net Blog, June 24, 2020
- Building firm & vendor management core competencies: Resiliency & relationships Legal Executive Institute: Blog, June 24, 2020
- A Note to GCs From a Black Partner: Here Are Actionable Steps for You to Show That Black Lawyers Matter Inside Counsel, June 24, 2020
- M&A Advisory Duff and Phelps: Publications, June 24, 2020
- Does Force Majeure Apply? Answering Questions About Contracts in the Time of Coronavirus Inside Counsel, June 23, 2020
- How to Keep Ethics Culture Going Remotely: Interview With Crystal Jezierski Inside Counsel, June 23, 2020
- SCOTUS Reaffirms SEC’s Disgorgement Authority – With Limits CorporateCounsel.net Blog, June 23, 2020
- The top 5 things law firms hate about RFPs Legal Executive Institute: Blog, June 23, 2020
- Data Privacy: Where are We Now? Plus, CCPA Updates and Impacts Inside Counsel, June 23, 2020
- Embracing Automation: Productivity Hacks for Transactional Legal Teams Inside Counsel, June 23, 2020
- Becoming: Supporting the Transgender Journey Legal Executive Institute: Blog, June 22, 2020
- SEC Chair Jay Clayton: Leaving Washington for New York? CorporateCounsel.net Blog, June 22, 2020
- Building Bridges: Supporting Transition in the Workplace Legal Executive Institute: Blog, June 22, 2020
- Forum magazine: Boosting law firm business development by turning key clients into strategic accounts Legal Executive Institute: Blog, June 22, 2020
- Legal Resourcing in a Time of Crisis Inside Counsel, June 22, 2020
- Compliance Duff and Phelps: Publications, June 22, 2020
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In the News
- A Giant Canary In The Digital Coal Mine Today's General Counsel: Career, June 26, 2020
- Supreme Court Decision Means Smaller Whistleblower Awards Today's General Counsel: Career, June 25, 2020
- Trump’s Defeated Pick For Prosecutor Sued Elon Musk At the SEC Today's General Counsel: Career, June 25, 2020
- IPO Docs Instruct Compliance Officers Today's General Counsel: Career, June 24, 2020
- Stay in control during hiring freezes and budget cuts Axiom Law, June 23, 2020
- Next Target For Ransomware Attack May Not Be “Data” Today's General Counsel: Career, June 23, 2020
- Clerk Gives Judge a History Lesson Today's General Counsel: Career, June 23, 2020
- Conservative Groups Challenge State AG Privilege Claims In Climate Cases Today's General Counsel: Career, June 22, 2020
- Blowback Against Harvard Law’s Decision to Hold Classes Online Today's General Counsel: Career, June 22, 2020
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In the News
- Post-COVID Business Practicalities: Better Policy, EUC and Model Risk Management Mitratech: Press Releases, June 26, 2020
- “Experts in the field of Content Management.” | DataStore Case Study Mitratech: Press Releases, June 25, 2020
- How Workflow Automation Can Build Business Continuity After COVID-19 Mitratech: Press Releases, June 23, 2020
- Mitratech Acquires CMPG Risk Solutions to Strengthen Its Enterprise Compliance Suite with Best-in-Class Vendor Risk Management Mitratech: Press Releases, June 22, 2020
- Pushing Forward During the Pandemic: Mitratech Acquires CMPG Mitratech: Press Releases, June 22, 2020
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In the News
- Abandoning Disparaging Marks Patently-O - Dennis Crouch, June 27, 2020
- “The technology involved in this appeal is simple” and Allows Common Sense to Substitute for Elements Not in the Prior Art Patently-O - Dennis Crouch, June 26, 2020
- Top 3 AI capabilities for legal teams Agiloft Blog, June 26, 2020
- The Top 5 things Law Firms Hate About RFPs NL Watson Consulting: Articles, June 26, 2020
- How Do I Avoid Getting Replaced by Artificial Intelligence? Linksquares Blog, June 26, 2020
- Friday Funnies: Exterro's Meme Series - CCPA Story Exterro Blog, June 26, 2020
- Navigating Uncertainty Through Data-Driven Forecasting and Precise Cost Modeling [Reinventing Professionals] Casepoint: News, June 25, 2020
- ElevateFlex - Top Tier Global Flexible Legal Staffing Provider (via Passle) Elevate Services Blog, June 25, 2020
- Report: The Coronavirus E-Discovery Impacts Are Severe Across Industries Exterro Blog, June 24, 2020
- Will this Limit on Patent Term Extension Drive a Rewriting of Hatch-Waxman? Patently-O - Dennis Crouch, June 24, 2020
- 7 Best Practices for Information Governance Exterro Blog, June 23, 2020
- Common Utilization of AI & Machine Learning by Renewable Energy Sector to Power Smart Growth ThoughtTrace Blog, June 23, 2020
- Is Termination a form of Institution (and thus Non-Appealable) Patently-O - Dennis Crouch, June 23, 2020
- Women in Technology Series – Featuring Pauline Shilk Consilio, June 23, 2020
- Our Summer Speaker Series: COVID-19 and Innovation Policy Patently-O - Dennis Crouch, June 22, 2020
- Wisconsin Proposed Data Privacy Law Exterro Blog, June 22, 2020
- Minnesota Proposed Privacy Law Exterro Blog, June 22, 2020
- Proposed Pennsylvania Privacy Law Exterro Blog, June 22, 2020
- Proposed Texas Privacy Law Exterro Blog, June 22, 2020
- Florida Consumer Privacy Bill Introduced Exterro Blog, June 22, 2020
- Proposed Maine Privacy Law Exterro Blog, June 22, 2020
- New York Proposed Privacy Law Exterro Blog, June 22, 2020
- A Beginner’s Guide to Contract Templates: Which Should You Build? Evisort Blog, June 22, 2020
- Supreme Court End of Term 2020 Patently-O - Dennis Crouch, June 22, 2020
- 7 Warning Signs of Bad Contract Management Linksquares Blog, June 22, 2020
- Modern Procurement Problems Require Modern Contract Solutions Malbek Blog, June 22, 2020
- ThoughtTrace – A Modern Solution Part 2 ThoughtTrace Blog, June 22, 2020
- ThoughtTrace – A Modern Solution Part 1 ThoughtTrace Blog, June 22, 2020
- CMS Allows Some Leeway on Telehealth AWV Exams, But You Should Practice Caution Berkeley Research Group: News, June 22, 2020
- Squaring the Proliferation of Virtual Meetings—A New Threat for E-Discovery—with Organizational Data Retention Standards Exterro Blog, June 22, 2020
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| | Rees Morrison, Esq., Editor
Rees Morrison, Esq. is a Senior Manager at EY consulting to law departments on management issues. The views he expresses in Leading Law Departments are his personal views, and are not necessarily the views of EY. |
Follow me on Twitter: @ReesMorrison | Join my LinkedIn group: Law Department Management
Follow all the PinHawk highlights @PinHawkHappens Website: PinHawk.com Blog: PinHawkBlog.com
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