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As a matter of practice, law firms generate and store incomprehensible amounts of data. Most, if not all, of that data has been digitized and many firms that recognize the untapped value of their data have begun to leverage sophisticated technologies to mine it for reusable work product and valuable insights. While most large law firms with 50 or more attorneys are currently mining data, not all of them are doing it well. Data mining is a relatively new practice in the legal space and the data profiles of firms are highly variable from one organization to another, so identifying the right tools and prioritizing initiatives can be challenging.
COVID-19: Economic Stimulus and SBA Loans
By Jacob Weichholz
A summary of information on the various Small Business Association (SBA) loans that are available under the new federal economic stimulus package.
Outsourcing: How to Do Better Than Flipping a Coin
By Rob Mattern
The legal industry is on the cusp of transformational change making the “siren song” of a successful outsourcing engagement ever more alluring: increase expertise and flexibility while lowering costs, and significantly mitigating risk.
How Law Firms Are Overcoming New Business Development Challenges
By Julie Savarino
With the intense competition for new legal work, demands on lawyers’ available time and the increasing discounts clients demand, it’s getting harder for law firms operating under a billable-hour business model to support the consistent development of new legal work by investing in and maintaining a marketing department alone.
Law Firms Adopt a Legal Operations Perspective
By Megan Miller
Law Firms Are Following the Lead of Their Corporate Clients In Implementing Legal Operations Methodologies
By understanding legal operations approach, law firms can gain a better appreciation of client needs, share the client’s vision and contribute to client satisfaction, while creating a competitive advantage for the firm.
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