Leading Law Departments
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A bubble chart about law firm billing rates. It's rare that we run across an analysis that uses a bubble chart, which can visualize three different numbers. 'A bubble chart is a useful type of visualization to show the interrelationship of three metrics. In this example, the X-axis represents the two-year percentage increase in rates, the Y-axis represents the hourly rate billed, and the size of each circle represents the volume of hours billed. At an aggregate level, this analysis might start by comparing law firms. Each circle is plotting the weighted average hourly rate (weighted on hours billed) of partners billing from different firms.'
Click here for the full text from LexisNexis CounselLink's Kris Satkunas.
Covid19 unlikely to change law firm behavior. Pundits shout about the pandemic galvanizing transformational change in law firms; realists point out the unlikeliness of such upheaval. '[N]ow, facing another fork in the road - pandemic-induced economic shellshock - 'will law firms respond by rethinking their methods and structures to align with clients' expectations?' Altman asks. 'History says that most will not.' The accompanying chart, one of many in the report, shows how persistent the disconnect is between what firm leaders know must happen and how unlikely it is that it will happen.'
Click here for the full text from Corporate Counsel Business Journal's article on Altman Weil's survey.
Three categories of factors that press legal service organizations to invest in software. Amidst the findings that would be expected from a research report on legal service organizations, one categorization of factors promoting tech change stood out. 'The report notes that there are several key factors pressuring legal service organizations to up their technological game and divided those factors into three categories: data, competition, and security.'
Click here for the full text of the latest report from OpenText and Thomson Reuters Peer Monitor,.
Your law department could learn from its law firms about your e-billing practices. Law departments might consider asking their primary law firms for data about the law department's handling of e-bills. 'Many law firms, of all sizes, are now generating their legal bills in electronic format; submitting them through an e-Billing vendor system to the client. This is known as 'true' e-Billing, as opposed to a law firm simply keying the billing data into a web portal and/or uploading a PDF copy of the bill. For those firms using full e-Billing, metrics can be used to monitor how well the function is performing.'
Click here for the full text from BusyLamp's Bryan King.
Consulting advice for free to legal departments of non-profits. The legal departments of not-for-profits will have access to legal ops experts. 'Through Tonkean's close partnership with the AdaptivOps Community, which has brought together hundreds of the world's top operations and IT professionals to share ops knowledge, the Changemakers project will deliver hands-on advice from experts in IT, HR operations, sales operations, legal operations, financial operations and more. Each ops professional will be matched with a nonprofit based on their specific expertise and the organization's operational needs, and will be provided access to Tonkean's business operations platform to orchestrate their processes.'
Click here for the full text from Tonkean.
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Top News
- 6 Proven Steps to Maximize Insights from Your Legal Spend Data General Counsel News, September 4, 2020
- The More Things Change . . . Corporate Counsel Business Journal: Blog, September 3, 2020
- 2020 Legal Market Report: How Innovative Technology is Reshaping the Business & Practice of Law Legal Executive Institute: Blog, September 3, 2020
- E-Billing Metrics, KPIs and Reporting for Law Firms BusyLamp Blog, September 3, 2020
- Using Tech To Create Change: Tonkean Launches “Changemakers 2020” Tonkean Blog, September 1, 2020
PinHawk Microsites
- Breakout Rooms for Microsoft Teams What If...Answers by Kraft Kennedy
Other PinHawk Comments
- Fastcase, Judicata and (hopefully) no frogs PinHawk Law Technology - Jeff Brandt, September 4, 2020
- 4 stone tablets worth of tips PinHawk Law Technology - Jeff Brandt, September 4, 2020
- Nerd Alert! PinHawk Law Technology - Jeff Brandt, September 4, 2020
- Small? Law Firms PinHawk Law Technology - Jeff Brandt, September 3, 2020
- Hoteling, hot desking and more PinHawk Law Technology - Jeff Brandt, September 3, 2020
- A tale of two studies PinHawk Law Technology - Jeff Brandt, September 3, 2020
- Back to business as usual? PinHawk Librarian News - John DiGilio, Constance Ard, September 3, 2020
- Regulation PinHawk Law Firm Marketing - Joe Lamport, September 3, 2020
- KM Framework PinHawk Law Technology - Jeff Brandt, September 2, 2020
- Biometrics and BIPA PinHawk Law Technology - Jeff Brandt, September 2, 2020
- Simple rules for using simple rules PinHawk Law Technology - Jeff Brandt, September 2, 2020
- Leading with Innovation: Introducing Knowledge Management in a Regional Law Firm PinHawk Librarian News - John DiGilio, Constance Ard, September 2, 2020
- Etymology Power PinHawk Law Technology - Jeff Brandt, September 1, 2020
- And you think your video meeting was long!? PinHawk Law Technology - Jeff Brandt, September 1, 2020
- From within or without? PinHawk Law Technology - Jeff Brandt, September 1, 2020
- Watch your language! PinHawk Law Technology - Jeff Brandt, September 1, 2020
- AZ says byebye to Rule 5.4 PinHawk Law Technology - Jeff Brandt, August 31, 2020
- Better work from home PinHawk Law Technology - Jeff Brandt, August 31, 2020
- Much Ado About Nothing PinHawk Law Technology - Jeff Brandt, August 31, 2020
- A practical kind of Monday PinHawk Librarian News - John DiGilio, Constance Ard, August 31, 2020
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In the News
- “Accredited Investor” Amendments: New Sample Subscription Agreement CorporateCounsel.net Blog, September 4, 2020
- The Evolving Role of Law Librarians: Adapting to Provide More Value and Drive Revenue Inside Counsel, September 4, 2020
- Whistleblower Rulemaking: Cancelled…For Now CorporateCounsel.net Blog, September 3, 2020
- 2020 Legal Market Report: How Innovative Technology is Reshaping the Business & Practice of Law Legal Executive Institute: Blog, September 3, 2020
- The All Zoom Hire Inside Counsel, September 3, 2020
- Communication Collection Conundrum: Finding New Data Sources Inside Counsel, September 3, 2020
- ILTA>ON goes on: Biggest legal tech conference of the year presses onward Legal Executive Institute: Blog, September 2, 2020
- Going From Zero to 60—How to Get Your Legal Team Up to Speed Inside Counsel, September 2, 2020
- 10 Best Practices for Securing Your Client Data – and Your Practice Too! Inside Counsel, September 2, 2020
- Caremark: 10-K Disclosure Can Show Directors Ignored “Red Flags” CorporateCounsel.net Blog, September 2, 2020
- 2020 State of US Small Law Firms: While many firms talk about challenges, some make changes Legal Executive Institute: Blog, September 2, 2020
- Optimizing Your Legal Invoice Review Process with A.I. Brightflag: Insights, September 2, 2020
- Black Lives Matter: Dismantling institutional racism in the UK Legal Executive Institute: Blog, September 1, 2020
- The Table in the Boardroom: Ways to Increase Diversity Inside Counsel, September 1, 2020
- Supply-Chain Finance: Corp Fin Stepping Up Scrutiny CorporateCounsel.net Blog, September 1, 2020
- Improving Matter Management with Data Brightflag: Insights, September 1, 2020
- Leading with innovation: Introducing knowledge management into a regional law firm Legal Executive Institute: Blog, September 1, 2020
- What Does the Zoom Boom Mean for E-Discovery? Inside Counsel, August 31, 2020
- Palantir’s “Direct Listing” IPO CorporateCounsel.net Blog, August 31, 2020
- Ten Things: “Cool Tech” for In-House Lawyers (2020 Edition) Sterling Miller, August 31, 2020
- Reimagining legal operations: The business infrastructure of legal services Legal Executive Institute: Blog, August 31, 2020
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In the News
- “Vishing” Threat To Employees Working At Home Today's General Counsel: Career, September 4, 2020
- Fortnite a Bonanza For Cybercriminals Today's General Counsel: Career, September 4, 2020
- How In-House Counsel Can Protect Trade Secrets Today's General Counsel: Career, September 3, 2020
- You Can Watch Your Employees Pee In Ohio Today's General Counsel: Career, September 3, 2020
- Legal budgeting in the new normal Axiom Law, September 2, 2020
- Best practices for integrating flexible legal talent into your team Axiom Law, September 2, 2020
- Courts Holding Amazon Liable For Defective Products Today's General Counsel: Career, September 2, 2020
- Tesla Employee Sinks Russian Gangster’s Malware Plot Today's General Counsel: Career, September 2, 2020
- Portrait Of The Artist As Identity Thief Today's General Counsel: Career, September 1, 2020
- Big Oil Ripe For M&A, But Capital Is Hesitant Today's General Counsel: Career, August 31, 2020
- Antitrust Suit Looms For Google’s New GC Today's General Counsel: Career, August 31, 2020
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In the News
- How to Make Your Contract Lifecycle Digital? 9 Key Steps to Transformation Parley Pro Blog, September 6, 2020
- 5 Benefits of using Digital Signature Software Parley Pro Blog, September 6, 2020
- Revised Opinion in Windy City: Court Still Bars Self-Joinder in IPR Proceedings Patently-O - Dennis Crouch, September 4, 2020
- Chapter 11 U.S. Commercial Bankruptcy Filings up 17% in August Epiq Systems, September 4, 2020
- CobbleStone Software Blog Recap for August 2020 Cobblestone Software (Exari): Blog, September 4, 2020
- Lessons Learnt from Recent European Data Protection Enforcement Actions Exterro Blog, September 4, 2020
- Friday Funnies: Exterro's Meme Series - Privacy Shield Edition Exterro Blog, September 4, 2020
- 2020 Emerging Legal Technologies Parley Pro Blog, September 3, 2020
- Patently-O Bits and Bytes by Juvan Bonni Patently-O - Dennis Crouch, September 3, 2020
- Guest Post: Silicon Valley’s APA Challenge to PTAB Discretion Patently-O - Dennis Crouch, September 3, 2020
- Training Series: Train with an Agiloft implementer Agiloft Blog, September 2, 2020
- Women in Technology Series – Featuring Rachel King Consilio, September 2, 2020
- Boost Contract Financials Analysis with Contract Management Software Cobblestone Software (Exari): Blog, September 2, 2020
- Powering the new normal in IP: our vision for 2020 and beyond CPA Global, September 2, 2020
- Attorney Perspective: The Importance of Data Privacy Exterro Blog, September 1, 2020
- Using Tech To Create Change: Tonkean Launches “Changemakers 2020” Tonkean Blog, September 1, 2020
- How to Land an Engineering Job at LinkSquares Linksquares Blog, September 1, 2020
- “No License, No Problem” – Is Qualcomm’s Ninth Circuit Antitrust Victory a Patent Exhaustion Defeat? Patently-O - Dennis Crouch, September 1, 2020
- How to Practically Manage the Contract Fallout of the EU's Schrems II Ruling Linksquares Blog, September 1, 2020
- Epiq Launches Charitable Foundation to Support Employees Undergoing Hardship Epiq Systems, September 1, 2020
- Remote Collaboration: 3 Ways General Counsel Can Improve their Communication Skills Parley Pro Blog, August 31, 2020
- How to Configure Without a PhD in Computer Science Malbek Blog, August 31, 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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