Forget the Final Four. The biggest action in college sports this week took place when Harrisburg University won the PA Cup, besting 16 other college teams in battles of Overwatch, League of Legends and Hearhstone. Is this what the Final Four is going to look like someday? Never mind basketball or even football, eSports may …
Archives
Thomson Reuters Peer Monitor Joins With LawVision to Boost Law Firm Performance
Law firms are under more pressure than ever to develop effective rate strategies. Thomson Reuters and LawVision, a leading legal consulting firm, today announced a joint effort to develop new digital strategies and data-driven metrics powered by Peer Monitor’s leading financial benchmarking data to drive law firm performance and profitability. Peer Monitor’s anonymized industry benchmarking …
- April 2, 2019
- Leonard Lee
Leaders & Laggards: Lack of Action By Small Firms Creating New Opportunities For Some
The challenges of being a solo practitioner or small firm are well known: finding new clients, work-life balance, too much time spent on administrative tasks instead of practicing law. But a new survey suggests that most small firms are not making much headway in addressing these challenges, opening the door for firms that are willing …
- March 25, 2019
- Leonard Lee
Improving the Impact of Corporate Legal Departments: 2019 State of the Corporate Legal Dept. Report
It’s time for corporate legal departments to focus on the value they provide to their organizations, not just cost savings. That’s among the findings of the “State of the Corporate Legal Department 2019,” published by Thomson Reuters Legal Executive Institute, the International Bar Association (IBA), the Corporate Legal Operations Consortium (CLOC), and Acritas. As corporate legal …
- March 14, 2019
- Leonard Lee
8 Things a Lawyer Can Do That Artificial Intelligence Can’t
Already packed up your office and taken up sailing because the robots are going to replace you soon anyways? Not so fast. With all the breathless excitement (and hype) surrounding artificial intelligence or machine learning, it’s easy to lose sight that these are assistive technologies. They help us perform routine tasks faster and better, which …
- February 21, 2019
- Leonard Lee
Can Midsize Firms Compete with the Largest Firms?
The sheer size of the largest firms is often perceived as an advantage, providing more resources, broader geographical reach and other benefits. The “2019 Report on the State of the Legal Market: A View from the Midsize Firms” from the Thomson Reuters Legal Executive Institute concludes that despite these assumed disadvantages, Midsize firms – those …
- February 19, 2019
- Leonard Lee
Law Firm Market Dips in Q4, But Higher For All of 2018 – Peer Monitor Index
The large law firm market pulled back slightly in the fourth quarter, but for the year as a whole, 2018 saw across-the-board improvement in demand, rates and productivity. However, much of the gains were concentrated among the very largest firms. The Thomson Reuters Peer Monitor Economic Index (PMI) dropped seven points to 56 in Q4, …
- February 12, 2019
- Leonard Lee
Lessons from Legalweek
Each year starts off with a bang, as Legaltech, one of the biggest and most-attended legal trade shows, always convenes at the end of the January. Legaltech has evolved into Legalweek, an expanded series of events involving workshops, forums, networking and much more to help people across the legal industry keep up with changes on …
- February 7, 2019
- Leonard Lee
Can Technology Give Firms a Competitive Edge? Dynamic-Static Law Firm Report
Technology is often touted as a game changer, a field-leveler, a way for firms to gain a competitive edge over other firms. Marketing hype aside, is that really the case? The Legal Executive Institute’s Dynamic-Static Law Firm Report looked at Peer Monitor law firm data to see if use of technology helped firms perform better. …
- February 6, 2019
- Leonard Lee
Leadership, Listening to Clients & The Hero’s Journey – Takeaways from the 2019 Marketing Partner Forum
Client expectations, diversity and law firm leadership were just a few of the topics discussed by lawyers, partners, corporate legal officers, legal academics, and legal service innovators at the 26th Annual Law Firm Marketing Partner Forum, which was held this past week. Several sessions involved meeting or exceeding client expectations. Panelists discussed how law firms need …
- January 31, 2019
- Leonard Lee