.
Leading Law Departments
|
|
Mostly undeveloped outside-counsel management. 'According to the Association of Corporate Counsel's 2020 Legal Operations Maturity Benchmarking Report, 40% of corporate legal departments classify the maturity of their external resource management strategy as "early stage". Fewer than 10% have integrated the associated metrics into a dashboard report made accessible to their general counsel.' One way to improve management of outside counsel is to rate their performance.
'For each matter managed on the Brightflag platform, designated matter leads can now rate the associated vendor(s) across five qualitative criteria: Communication, quality of advice, business alignment, budget adherence, and overall recommendation. Ratings are then instantly added to dashboard reports, where legal department leaders can compare vendors across one or more metrics as they weigh critical resourcing decisions.' The image comes from a related release by Brightflag.
Click here for the full text from Brightflag.
Keep emails about contracts in one place. I hadn't heard about such mergers of email and the contracting process. The image gives a visualize sense of the result. 'Streamline collaboration during the contract creation process with the new Email Integration in LinkSquares Finalize. Now you can share contracts for review, receive redlines, track new versions and manage correspondences neatly in one place.'
Click here for the full text from Linksquares.
An example of a contract-management dashboard. Dashboards are a long step beyond collecting and visualizing individual aspects of contract management. A good dashboard pulls together several quantifiable aspects and displays them in an intuitively insightful format. Here is an example from one vendor.
Click here for the full text from Parley Pro's Olga Mack.
KPIs for panels of law firms. Among the many management decisions that panels of firms suggests, a basic consideration are how you track performance based on quantifiable data. This was not in the referenced item, but you can see it at the bottom. One vendor suggests a starter set. 'here are the top ten KPIs you can use and their application to a panel review activity. These are based on feedback from the experiences of our clients - and their inventive application of basic data-gathering to achieve the maximum value from the minimum effort:'
Click here for the full text from Apperio and its link at the bottom .
Data on law departments and remote work. Based on polling questions during a webinar, an undisclosed number of participants provided feedback on their WFH arrangements. 'The majority of poll respondents (72%) work remotely every day, followed by 20% working some days in-office and some days remote, and 8% who go into the office every day.'
Click here for the full text from barkergilmore's Taylor Powers.
PE industry data on legal spending. A narrow niche, private equity, but law department efforts apply broadly and generally, regardless of industry or sector. 'Apperio commissioned independent research of 160 legal leaders in US and UK PE [private equity] houses to examine their processes and attitudes towards legal spend management.'
Click here for the full text from Apperio.
| |
|
Top News
- Brightflag enhances outside counsel performance evaluation with new reports Corporate Counsel Business Journal: News, February 5, 2021
- LinkSquares’ Feature Spotlight: Email Integration in LinkSquares Finalize Linksquares Blog, February 4, 2021
- Brightflag Product Update: Vendor Performance Reporting Brightflag: Insights, February 4, 2021
- Major Trends in the Contract Management Process Parley Pro Blog, February 4, 2021
- Announcing the Apperio API Apperio Content Hub, February 4, 2021
- Insights: The Remote Legal Department Barker Gilmore Blog, February 4, 2021
- Frequent cost overruns and distributed accountability: Legal spend challenges facing PE leaders in 2021 Apperio Content Hub, February 2, 2021
PinHawk Microsites
- Who Makes the Best Practice Group Leaders? Susan Lambreth - LawVision
|
|
|
|
|
|
|
|
|
|
|
|
|
|
In the News
- Section 13(d) Reform: On the SEC’s Agenda? CorporateCounsel.net Blog, February 5, 2021
- Pandemic Bias in Hiring Inside Counsel, February 5, 2021
- Can Perpetual Power Corp. Gett Off the Clock? Catalyst Consulting, February 4, 2021
- Top 10 Labor and Employment Changes to Expect in the Next Two Years Inside Counsel, February 4, 2021
- PPP Loans: Appealing Denials of Forgiveness CorporateCounsel.net Blog, February 4, 2021
- Brightflag Product Update: Vendor Performance Reporting Brightflag: Insights, February 4, 2021
- Learn More Duff and Phelps: Publications, February 4, 2021
- Corporate Finance Duff and Phelps: Publications, February 4, 2021
- M&A Advisory Duff and Phelps: Publications, February 4, 2021
- Cyber Duff and Phelps: Publications, February 4, 2021
- Valuation Duff and Phelps: Publications, February 4, 2021
- Webcast | February 10, 2021 Duff and Phelps: Publications, February 4, 2021
- Webcast | February 24, 2021 Duff and Phelps: Publications, February 4, 2021
- Anatomy of a Data Breach – How to Protect Your Clients and Brand Duff and Phelps: Publications, February 4, 2021
- Webcast | April 13 - December 9, 2021 Duff and Phelps: Publications, February 4, 2021
- Human Capital Management Disclosure: Early Returns From 10-K Filings CorporateCounsel.net Blog, February 3, 2021
- Legal Meets Its Moment(s) Inside Counsel, February 3, 2021
- Compliance Duff and Phelps: Publications, February 3, 2021
- Market Mania: Starlings, Shorts & Stonks CorporateCounsel.net Blog, February 2, 2021
- PMI hits near-record high in Q4 as law firms show resiliency Legal Executive Institute: Blog, February 2, 2021
- ESG: Corporate Heavy Hitters Sign On to Stakeholder Metrics CorporateCounsel.net Blog, February 1, 2021
- Supercharging your clients’ business through the business of law Legal Executive Institute: Blog, February 1, 2021
- Practical Solutions to Novel Employment Law Issues Inside Counsel, February 1, 2021
|
|
|
|
|
|
|
|
|
In the News
- INSZoom + DocuSign: Two Leaders Team Up For Immigration Case Management Mitratech: Press Releases, February 3, 2021
- Five Tech Tools to Start Up Your Small Immigration Firm Mitratech: Press Releases, February 3, 2021
- Building Better Reports with INSZoom Mitratech: Press Releases, February 3, 2021
- HR Department Levels Up To Solve Visibility Issues Mitratech: Press Releases, February 3, 2021
- Legal Software Giant Mitratech Announces Record Growth in 2020 Mitratech: Press Releases, February 2, 2021
|
|
|
|
|
In the News
- Patently-O Bits and Bytes by Juvan Bonni Patently-O - Dennis Crouch, February 7, 2021
- Federal Circuit: Low-level Security Measures are Abstract Ideas Patently-O - Dennis Crouch, February 5, 2021
- For CLM adoption success, legal tech must become enterprise tech Agiloft Blog, February 5, 2021
- How Data Privacy Regulations Will Impact Contracts in 2021 Evisort Blog, February 5, 2021
- The Deere v. Gramm Analysis Patently-O - Dennis Crouch, February 5, 2021
- Friday Funnies: Exterro's Meme Series - Feeling the Bern Edition Exterro Blog, February 4, 2021
- PE Live: US Transition May Cost ‘Challenging but Feasible’ Net $1tn Berkeley Research Group: News, February 4, 2021
- What Would an Independent System Operator Look Like? Berkeley Research Group: News, February 4, 2021
- LinkSquares’ Feature Spotlight: Email Integration in LinkSquares Finalize Linksquares Blog, February 4, 2021
- Major Trends in the Contract Management Process Parley Pro Blog, February 4, 2021
- Datasite Offers Cutting-Edge Tools to Manage Deals, a Market That is Poised to Increase in 2021 Datasite (Merrill Corporation): Press Releases, February 4, 2021
- January 2021 Bankruptcy Filings Continue Historic Slide Epiq Systems, February 4, 2021
- Bridgegate and Property Law Patently-O - Dennis Crouch, February 3, 2021
- A Week in the Life of a Data Breach Incident Exterro Blog, February 3, 2021
- Exterro Predicts: What's Coming to Legal Departments in 2021? Exterro Blog, February 3, 2021
- FTI Consulting Construction Solutions Practice Appoints Senior Professionals to Enhance Construction Dispute and Litigation Expertise FTI Consulting, February 3, 2021
- Supreme Court sides with Germany: Immunity against Lawsuit for Taking Domestic Property Patently-O - Dennis Crouch, February 3, 2021
- Consilio Launches Key Enhancements to Brand Platform, Consilio Complete Consilio, February 3, 2021
- 5 Benefits of Contract Analytics that Help You Create Value & Long-Term Success for Your Organization Parley Pro Blog, February 3, 2021
- Luck of Birth, Assumed Privilege, and the Lack of Disability Inclusion in the Legal Industry (via Passle) Elevate Services Blog, February 3, 2021
- Datasite® Honored with Several Stevie® Awards and Institute for Excellence in Sales Recognition Datasite (Merrill Corporation): Press Releases, February 3, 2021
- FTI Consulting Expands RelativityOne Offering to Canada FTI Consulting, February 3, 2021
- BRG Energy & Climate Adds Two Power and Renewables Experts Berkeley Research Group: News, February 3, 2021
- CobbleStone Software Blog Recap for January 2021 Cobblestone Software (Exari): Blog, February 3, 2021
- Exterro Predicts: What's Coming to Legal Departments in 2021? Exterro Blog, February 2, 2021
- 5 Contract Clauses That Require GDPR Updates Linksquares Blog, February 2, 2021
- 6 Tips to Improve Your eProcurement and Acquisition Process Cobblestone Software (Exari): Blog, February 2, 2021
- Sequencing-by-synthesis: Illumina defeats Columbia’s patents Patently-O - Dennis Crouch, February 2, 2021
- Secret Patent Holder vs 254 Unnamed Defendants Patently-O - Dennis Crouch, February 2, 2021
- Why Healthcare Contract Management Needs Software Parley Pro Blog, February 2, 2021
- BRG Ranked No. 2 on The Deal’s List of Top Restructuring Advisers for Q4 2020 Berkeley Research Group: News, February 2, 2021
- The Pipeline: John Kerry Cools On Gas Infra, MIDIS' €1.25bn Dutch Mandate and IFM Chases Naturgy Berkeley Research Group: News, February 2, 2021
- Epiq Helps Reduce Case Preparation Time and Cost with Launch of Advanced Early Case Assessment Offering Epiq Systems, February 2, 2021
- Epiq Launches Epiq Empower, an eDiscovery Center of Excellence Consultancy Epiq Systems, February 2, 2021
- Opportunities to Connect and Learn with Epiq During 2021 Legalweek(year) Epiq Systems, February 2, 2021
- Cobblestone Employee Focus: Brittany DiCamillo, Senior Account Manager Cobblestone Software (Exari): Blog, February 1, 2021
- Patently-O Bits and Bytes by Juvan Bonni Patently-O - Dennis Crouch, February 1, 2021
- Federal Circuit: Anticipation not Inherent to Obviousness Argument Patently-O - Dennis Crouch, February 1, 2021
- Anticipation + Obviousness Patently-O - Dennis Crouch, February 1, 2021
- LinkSquares’ Feature Spotlight: Auto-Renewal Opt-Out Date in Event Insights Linksquares Blog, February 1, 2021
- Cakes and Contracts: Migrating Contracts Malbek Blog, February 1, 2021
- SkyRise Miami: Patented Patently-O - Dennis Crouch, February 1, 2021
|
|
|
|
|
In the News
- Are you ready for the vaccine? ELM Solutions: Expert Insights, February 7, 2021
- How Are High-ESG-Rated Bond Portfolios Distinct? MSCI Riskmetrics Blog, February 5, 2021
- Evolving trends in content consumption by healthcare professionals ELM Solutions: Expert Insights, February 5, 2021
- CT expert insights: Understanding round 3 of the PPP with Sandra Feldman ELM Solutions: Expert Insights, February 5, 2021
- Global M&A trends to look out for in 2021 ELM Solutions: Expert Insights, February 5, 2021
- Making the business case for a contract lifecycle management solution ELM Solutions: Expert Insights, February 5, 2021
- GHB Customer Testimonial Video - OneSumX For IFRS 9 ELM Solutions: Expert Insights, February 5, 2021
- Challenges and best practices of managing client UCC portfolios ELM Solutions: Expert Insights, February 5, 2021
- COVID-19 accelerates telehealth adoption triggering new state compliance requirements ELM Solutions: Expert Insights, February 5, 2021
- The need for Opioid Stewardship intensifies: COVID-19 exposes lack of progress ELM Solutions: Expert Insights, February 4, 2021
- Episode 17: The SECURE Act and Its Impact on IRAs and IRA Custodians/Trustees ELM Solutions: Expert Insights, February 4, 2021
- “Pick me! Pick me!” How to promote diversity and inclusion in your nursing classroom ELM Solutions: Expert Insights, February 4, 2021
- It’s time for corporate law departments to spend more on tech ELM Solutions: Expert Insights, February 4, 2021
- lecons-2021 ELM Solutions: Expert Insights, February 3, 2021
- New COVID-19 vaccine prospects are 'glass more than half full,' says expert ELM Solutions: Expert Insights, February 2, 2021
- New FinCEN virtual currency BSA requirements present compliance implications ELM Solutions: Expert Insights, February 2, 2021
- How TeamMate can help teams with data-driven audits ELM Solutions: Expert Insights, February 1, 2021
- Gain insight into your outside counsel rates at Legalweek(year) ELM Solutions: Expert Insights, February 1, 2021
- Does lean management impact hospital performance? Results from a national survey ELM Solutions: Expert Insights, February 1, 2021
- Insights Magazine - Issue 14 ELM Solutions: Expert Insights, February 1, 2021
|
|
|
|
| | 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
{NEWSLETTER_FORMAT_OPTION}
|
Copyright © 2021 by PinHawk LLC. All rights reserved.
This newsletter is edited by Rees Morrison.
PinHawk LLC does not warrant that the information in this email will meet any specific requirements nor that it will be error free or uninterrupted; nor shall PinHawk LLC be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use the information contained herein. By reading this email you agree to the Terms and Conditions.
Contact: PinHawk LLC, 104 Old Kings Highway North, Darien, CT 06820, tel. 917-687-5653 or comments@pinhawk.com
Don't let this important email be caught by a spam filter, ensure delivery to your inbox.
If you wish, unsubscribe from this NewzDigest.
Comment / Tell a friend / Advertise / Unsubscribe
|
| | | | | | | | |