Continuing this series on law firms and their blogs, I hypothesized that firms with wider-spread branch offices would support more blogs. My reasoning was that if your footprint of clientele and prospective clients is broad, you need marketing efforts that reach broadly. Prospective clients everywhere can read blogs so they…
I have previously described a set of 65 U.S. law firms with 200 to 300 lawyers. Click here to read the full list of firms and understand the background: http://wp.me/p4JQV6-2aB Of that group, fourteen firms support no blog, as well as I can determine. Those fourteen firms, as they are…
A post on LDO Buzz back in April reprinted an article originally published in InsideCounsel. They article covers the usual points regarding what benchmark data to consider, what drives those metrics, and some steps to take to address problems. Nothing new, nothing objectionable. One line, however, missed a key point:…
Andy Kraftsow wrote a piece for Inside Counsel (February 21, 2014). He explained the mathematics of the Poisson distribution to show in discovery how to dramatically reduce the number of documents that need to be reviewed to understand what they say about the issues. Most of the piece explains the…
It is a mistake to think that your data has to be complete and clean for you to push ahead with analytics. You will leave on the table significant savings and insights that could be realized even from imperfect and provisional models or conclusions based on partial or not-fully-scrubbed data. …
Let’s assume that in the coming years general counsel who give a thought to law department benchmarks can readily find some of those basic metrics. If they can find them without submitting their own department’s data, they may decide not to submit if they know they compare unfavorably. If they…
Release 3.0 of the General Counsel Metrics benchmark survey of staffing and spending went out two weeks ago. It covered 1,079 law departments in 28 industries. You can get Release 3.0 if you take part before December 8th. Here is the UR: https://novisurvey.net/n/GCMetrics2013.aspx There is no cost to complete the…
There is no reliable way to measure a patent’s value. But, according to an article in the Economist, January 5, 2013 at 52, “one can use a rough-and-ready yardstick: in how many places did the inventors seek a patent for the same technology?” Somewhere the data is available to…
Regarding law departments, we often use the term “benchmark metrics” loosely. Start with “metrics.” They are something you can count that exists independently of the counting. The square feet of a law department’s office space is a metric; the amount paid in overtime to secretaries is a metric; the number…
On June 10th General Counsel Metrics, LLC, sent Release 1.0 of its benchmarking staffing and spending survey to the 196 law departments that had submitted data through May 31st. The release covered companies in 26 industries and provides 25 benchmark metrics for revenue categories and numbers of lawyers as well…