This is a far out idea, so you level-headed types can pass on by. I unleashed the LinkedIn Labs app for maps on my own network of about 400 people. A nebula blazing with eight colors came back that showed, I think, each contact in my network and their connections…
Law Department Management Blog
Revenue from patent licenses: how can we learn estimated amounts and can we benchmark them?
Eastman Kodak makes hundreds of millions of dollars every year from its patent licenses. Its lucrative portfolio has more than 1,000 patents and in 2010 “it made an estimated $630 million from its licenses, according to Argus Research.” The quote comes from the NY Times, April 29, 2011 at B4,…
The license fee for software may be much less than labor and implementation costs
The blog of Lecorpio has post on Jan. 1, 2011 that talks about the hidden costs of software, those costs a law department incurs over and above the license fee. As backup they refer to but do not cite to a government study. “The U.S. Department of Commerce study shows…
A method to select among multiple law firms, software packages, or whatever (but beware a risk)
If a team has to choose a software package from a group of contenders, one way to do that is to choose between package 1 and package 2, then between the winner of that and package 3, then between the winner of the first two competitions and the next package,…
Being mean to arithmetic means, and the insights from geometric means
If you calculate the average billing rate increase of the two law firms you paid the most during 2009 and 2010, and then divide the total of those increases by two, you have the arithmetic mean of those increases. So, Firm A increased 4 percent and firm B increased 6…
Excellent explanation of a law department that makes good use of a wiki
Nero AG’s law department, headquartered in Germany and with legal offices in the US and Asia, set up a wiki three years ago. As Frank Fletcher, the General Counsel of Nero, explains in ACC Docket, April 2011 at 16,, “a wiki is software that allows you to make a site…
Doubts about survey data on the typical number of US law firms retained by law departments of various sizes
The ACC Docket, April 2011 at 14, states a finding from the 2010 Managing Outside Counsel Survey: “The median number of US law firms used by law departments during 2009 was 12.” A dozen seems too low. If a law departments has a couple of law suits during the year,…
The innate talents of lawyers, their acquired talents, and their organizational capabilities – an overview
I admire Boris Groysberg’s book, Chasing Stars: The Myth of Talent and the Portability of Performance (Princeton Univ. 2010). He exhaustively studied equity research analysts who were top-ranked by Institutional Investor. The first chapter condenses a huge amount of research on innate performance drivers and acquired performance drivers, and his…
My article on ten truths about innovation by law departments and a solicitation of you
I wrote a set of propositions about new ideas in relation to law departments. The National Law Journal published them on April 11th and I invite readers to here. More, I urge readers to leave a comment here or email me with something they have done that some other readers…
Part LIV in a series of collected metaposts embedded previously
Canadian law departments, Canada (See my post of April 14, 2011: law departments in Canada with 28 references.). Capitalized expenses and hidden (See my post of April 20, 2011: capitalized expenses with 7 references.). Administrative time demands (See my post of July 22, 2009: administrative time with 3 references and…