Reputation management is critical for companies, especially in today’s socially-connected world. And during a crisis, any and all comments have the potential to sway public opinion. At the second annual Corporate Counsel Leadership Forum in New York this week, the opening session – “Mission Critical: The Role of the General Counsel in Managing Corporate Relations …
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Law Department as a Profit Center: Strategies for Going from Cost Center to Revenue Generator – ACC 2016 Session
The legal department has evolved from the traditional view that it is a cost center or “the department of no.” A panel at last week’s Association of Corporate Counsel annual meeting discussed how legal departments can become stronger partners with their business clients and become a revenue generator – or even a profit center. The …
- October 24, 2016
- Jeff McCoy
Getting Lean and Mean: Transforming Legal Operations – ACC 2016 Panel
Legal departments are transforming through technology, implementing best practices and continually analyzing the work being performed by lawyers, paralegals and support staff, as well as by their outside counsel. At the 2016 Association of Corporate Counsel annual meeting, a panel titled “Getting Lean and Mean: Transforming Legal Operations” discussed some methods, tactics and strategies legal …
- October 21, 2016
- Jeff McCoy
Survey Reveals Developing Trend in Legal Departments
According to the Thomson Reuters 2016 Legal Department In-Sourcing and Efficiency Report: The Keys to a More Effective Legal Department, more than 40 percent of legal departments indicated the top benefit of increasing efficiency is being able to focus on more strategic work, and many are turning to legal department operations professionals to enable them …
- October 20, 2016
- Jeff McCoy
Themes from the Annual Meeting – ACC 2016
The exhibit floor and sessions at any conference provide an opportunity to truly hear what is top of mind, and the 2016 Association of Corporate Counsel annual meeting offered just that. Through networking conversations with key clients, colleagues and attending sessions, Susan Feingold, head of Law Department Service at Practical Law, part of Thomson Reuters, …
- October 20, 2016
- Jeff McCoy
Raising the Bar for Law Firms: How to Move Outside Counsel into Integrating and Delivering Managed Services – ACC Panel
The traditional hourly billing model still predominates, and many legal departments are still comfortable with their outside counsel using it. But there has been a shift over the recent years to more use of alternative fee arrangements (AFAs), flat fee structures or value-based pricing. At the Association of Corporate Counsel annual meeting, a panel discussed …
- October 19, 2016
- Jeff McCoy
Insider Threats: Who is Watching Your Employees? ACC 2016
Edward Snowden may be the most well-known example of an insider threat. But for corporations, government agencies and non-profit organizations, the risk of insider threats may not even be those that are intentional. In many cases, employees take intellectual property when they leave the organization because they had a hand in its creation and think …
- October 18, 2016
- Jeff McCoy
The Future of Legal Services in the United States: The ABA Issues a Clarion Call for Change – Law Firm Leaders Forum
Earlier this year, the American Bar Association produced A Report on the Future of Legal Services in the United States. This report has generated much discussion with varying viewpoints about whether the report went too far or not far enough in its 12 recommendations to continue building on the legal profession’s legacy and ensure access …
- October 7, 2016
- Jeff McCoy
Changing Client Outlook & Purchasing Behaviors – Law Firm Leaders Forum
Clients continue to change their expectations for law firms, including how and from whom they purchase legal services. Beyond the latest use of panels and convergence programs, clients are making statements to the marketplace by moving work to firms that best respond to their requirements and guidelines. Jami Wintz McKeon, Firm Chair, Morgan, Lewis & …
- October 6, 2016
- Jeff McCoy
Law Firm Leaders Forum – An Annual Report on the State of the Profession and Business of Law
The 21st annual Thomson Reuters Law Firm Leaders Forum in New York began with a panel discussing recent developments over the past year, a session that traditionally opens the forum each year. Ralph Baxter, Chairman of the Thomson Reuters Legal Executive Institute, author and advisor, opened with remarks discussing three developments he sees impacting the …
- October 6, 2016
- Jeff McCoy
