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Articles Posted in Benchmarks

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The absolute truth about normalized metrics for benchmarks

My column for InsideCounsel explains absolute and normalized figures and why normalized figures so importantly contribute to benchmark studies. Click here to read the column. The columns draws on and goes beyond the following posts (See my post of May 1, 2005: normalize structural analysis of departments; May 28, 2005:…

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My congregation of recent posts on correlations and multiple regression

Thirty months ago there were enough posts on statistical correlation for me to assemble them (See my post of Feb.13, 2008: correlations with 16 references.). Since then, many other posts have referred to possible correlations in the intricacies of legal department management (See my post of March 4, 2008: profit…

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Structured settlements and a connection to, you guessed it, benchmarks

NYU’s Law School Mag., Fall 2010 at 89, has a piece about the research of a Tax Policy Fellow regarding structured settlements. With a structured settlement, “a defendant agrees to resolve a personal-injury tort claim with periodic payments over time rather than with a lump sum.” Defendants enjoy tax subsidies…

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The clear relationship, but murky benchmarks, of R&D spending and legal spending

A correlation exists, I am sure, between corporate R&D investments and legal investments. More patents mean more in-house patent lawyers or external patent counsel, larger annuity payments, more frequent licensing arrangements (See my post of Dec. 10, 2009: licensing fees cover cost of legal department), and heightened litigation. But what…

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Exponential increases that managers of law departments encounter

A previous post collected my references here to linear increases, where one number rises in step with another number. As you add lawyers, your compensation paid rises linearly (See my post of July 25, 2010: 11 references to linear changes.). Other phenomenon, however, increase exponentially: as one number increases, another…

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World’s most advanced study of legal department staff and spending benchmarks

The General Counsel Metrics study, exceeding 600 legal departments around the world, has elevated fundamental management metrics to a new level. Far more global than Hildebrandt’s, more balanced by company size than Empsight’s, with much broader coverage than ALM’s, and not only larger than all three, the rapidly improving offering…

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Six poor reasons why in-house candidates aren’t promoted to serve as the new general counsel

With posts here and there about the odds of an internal promotion to the top legal spot compared to a recruitment of a new person to that position, let’s pause to state the shaky reasons why recruitment happens more than it should. More accurately, it happens more than academic researchers…