Forecast: Law firms will be cloud ready by 2021

Resource - 23/07/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

 

Law firms have long talked about the attractiveness of migrating their IT infrastructure to the cloud, but they have not made appreciable steps to date. This is due in large part to an understandable fear of negative client reaction...

Advancing the law firm IT function: How clients, the firm and IT pros all win

News Article - 23/07/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

The number-one law firm IT challenge heading into 2019 had nothing to do with acquiring bigger servers or faster networks. The top law firm IT issue for this year was the strategic challenge of change management, according to the ...

GDPR: Are the fines real?

Resource - 17/05/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Risk & Compliance

 

Under the General Data Protection Regulations (GDPR), organisations may be fined up to €20 million, or 4% of the total worldwide annual turnover of the preceding financial year, whichever is higher. In January 2019, the...

Law department analytics survey reports

Resource - 14/05/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

The rise of data analytics has in the past decade substantially impacted how businesses operate and provide services. The legal industry, on the other hand, has been much slower to adopt analytics than other verticals. That is beginning to change...

Best practices in contract management

Resource - 13/05/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Risk & Compliance

Every organisation has contracts, but not every organization adequately manages its contracts. And while the nature and complexity of these agreements can vary widely, careful governance enables organizations to maximize their value and limit...

How centers of excellence are accelerating efficiencies across the legal landscape

Resource - 03/04/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Human Resources

 

Across today’s legal ecosystem, a set of complex forces has pushed law firms to strategically reexamine and transform operational support in a way that places a greater emphasis and value on corporate client-facing activities...

Preparing for the next economic cycle: Why law firms are looking to centers of excellence to increase operational efficiency

News Article - 02/04/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

Although the predicted time frame varies, most business economists suggest that a recession is on the horizon within the next two years, ...

Suppliers in the spotlight: A look at procurement priorities for law firms in 2019

Resource - 04/02/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

 

Procurement plays an essential role in law firms’ ability to reduce and contain costs, manage risks and improve the level of supplier service delivery. Reflecting procurement’s rising value, a majority of law firms (67...

The edge effect of the legal ecosystem

Resource - 31/01/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

In ecology, the term “edge effect” refers to the boundary of two or more habitats. At the edge of two intersecting habitats scientists find greater diversity of life, including unique species that are specially adapted to the...

HBR Consulting: LegalXchange 2018 executive summary

Resource - 22/01/2019 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

The legal industry is at an inflection point.

Yes, we may still be discussing some of the same challenges that surfaced years ago in the legal ecosystem, but now we have a sense of “vuja dé” – seeing something familiar...

HBR Consulting: Seven steps to improve law firm compliance with outside counsel guidelines

News Article - 20/12/2018 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

Back in the day, law firms and clients usually set forth the terms governing their relationships in standard engagement letters. But more recently, as bargaining power has shifted away from law firms and toward clients, organizations have begun...

HBR Consulting: Three reasons to get a second opinion on IT lifecycle management

Resource - 19/12/2018 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

Senior IT executives carry the burden of making the final decisions on hardware and technology support options needed to run the applications that drive their corporate or law firm business functions. These are always high-stakes decisions...

HBR Consulting: Three steps to gain firm leaders’ buy-in for procurement investments

News Article - 18/12/2018 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

HBR recently held its annual Procurement Roundtable, an invitation-only gathering of 25+ law firm procurement leaders. In connection with the Roundtable, HBR surveyed the participants on a variety of procurement-related topics ranging from...

HBR Consulting's annual survey finds growth in total legal spending as law departments report rising legal needs

News Article - 30/11/2018 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance

Despite increase in spending, survey report also reveals law departments continue to take measures to contain costs, enhance operational efficiency.

As global organizations continue to report increased legal needs, corporate law...

HBR Consulting: How law firms can assess and adapt to changing skill needs for information governance

News Article - 29/11/2018 : Law firm consulting, Law firm managed services, Law firm operations, law firm technology, Legal consulting, Finance, Knowledge Management

As law firms recognize the growing importance of an information governance (IG) strategy, they are beginning to think about how they can transform traditional records management (RM) staff into true IG professionals. This shift, which is driven...