Follow

Blog

Lex Connect Curated Reading List July 15, 2014

Lex Connect Curated Reading List

 

 With so much content available on-line, it is easy to miss the really good stuff. 

 Fear not, we have curated the best Legal Operations & Legal Technology blog and articles.
 Enjoy your 30 minutes power reading.

 

The Productization of Legal Services Law Practice Division

Lawyers tend to be unwilling to look to other professions or industries to find ways to improve their practices and work. We might call this approach “law practice exceptionalism,” the belief that nearly every aspect of the practice of law is unique and must be considered in isolation from what we see elsewhere. We all have heard or said, “But law is different. Really.

 

 

Jeffrey Carr of FMC Technologies, On The Path Forward for Legal Services

In 2013, FMC Technologies had $7.1B in total sales, which were protected and facilitated by a marginally-larger, 12 lawyer team, but with only $9.5M in legal spend ($3.1M internal and $6.4M external), of which, 95% was spent on AFAs, and held a 3.3 average firm evaluation with a 7% average bonus going to the firms.

 

 

 

 

Latest Grossman and Cormack Study Proves Efficacy of Multimodal Search for Predictive Coding Training Documents and The Folly of Random Search - Part One

Using Only Random Selection to Find Predictive Coding Training Documents Is Easy, But Foolish

 

 

 

 

Clients in the Legal Ecosystem

It is interesting to observe how in-house lawyers have grown in significance, and especially to look at the factors that have affected that development. Early GCs tended to be senior lawyers whose close relationship with one client resulted in co-evolution together. These GCs were characterised by deep experience of legal practice, together with insight into the business they served comparable to the other members of the board and senior management. 

 

 

 

 

Igniting a Project Management Revolution in Legal Services

Over the last five years, many law firms have reduced costs by slashing overheads and firing underperforming partners.  Despite this, profit margins remain under pressure.  Several firms have gone into insolvency and more are in financial distress.  The move to fixed fee means law firms are now bearing the cost of inefficiency, which they had previously been able to pass on to clients. The results are painful.

 

 

 

 

PWC State of Survey 2014

Today’s Chief Compliance Officers (CCOs) face more responsibility than ever, but also an opportunity to play a more strategic role in their organizations and become vital members of the C-suite. Among the key lessons that emerged from our 2014 survey:

 

 

 

Information Governance and Records Management Need to get Radical Together

A couple weeks ago I ranted that we were beginning to make many of the same mistakes with Information Governance that we had made with Enterprise Content Management (ECM), and to some extent Records Management. 

 

 

The Collaborative Knowledge Ecosystem The Social Enterprise

A couple weeks ago I ranted that we were beginning to make many of the same mistakes with Information Governance that we had made with Enterprise Content Management (ECM), and to some extent Records Management. 

 

 

 

 

Proposed Briefing's Operational Leaders In Legal 2014 Conf-Enterprise 

UTBMS stands for the Uniform Task Based Management System, a series of codes used to classify the legal services performed by a law firm in an electronic invoice submission.

 
 
 
 
 
 
 
 
 
 

Tag

Vendor Login