A ground-breaking report, which combines data on matter management systems (MMS) with benchmark metrics, is now available from General Counsel Metrics, LLC. MMS Insights reports on 130 users of more than 15 matter management systems in Canadian and U.S. legal departments. Typically, a large share of the spend by a…
On May 7, 2012, Law.com’s Corporate Counsel page offered some hardish data on the cost of a leading matter management system. “The cost of the [Serengeti Tracker] system ranges from about a quarter of a percent of a company’s outside legal spend, to about one percent of that budget.” Preceding…
For the first time, this year’s General Counsel Metrics benchmark survey collects and reports on compensation data. Only law departments in the United States or Canada are eligible to submit lawyer and administrator compensation data and receive a report, at no cost. To obtain your benchmark report, click on this…
The Fortune 500 amassed revenue of close to $10 trillion in 2011. At five lawyers typically for every billion of revenue, they alone would employ something like 50,000 in-house lawyers. What else can we cobble together about the number of law departments in the United States. With something like 25,000…
Heretofore, no one has combined data on matter management systems (MMS) and staffing or spending benchmark metrics. Such a fertile mash-up, however, is now available from General Counsel Metrics, LLC. MMS Insights reports on 130 users of more than 15 matter management systems in Canadian and U.S. legal departments. Typical…
Comprehensive legal spending by companies should include settlement, judgments, fines and awards. Data rarely appear on those outlays, but one source found that those “legal resolution costs” amount to about one quarter of internal and external legal costs. That ratio puts those costs at 20% of the total (See my…
A ground-breaking report, MMS Insights, combines data on matter management systems (MMS) with benchmark metrics. Prepared by General Counsel Metrics, LLC, the study reports on 130 users of more than 15 matter management systems in Canadian and U.S. legal departments. This first edition will be followed by a second, in…
A ground-breaking report, which combines data on matter management systems (MMS) along with popular benchmark ratios, is the creation of General Counsel Metrics, LLC. MMS Insights reports on 130 Canadian and U.S. legal departments that use one of more than 15 matter management systems. Its dozen charts and explanatory text…
As of two days ago, of the 275 companies that had participated in the General Counsel Metrics benchmark survey, 87 of them named the matter management software they use (including four who listed “custom”). Of those 275 companies, 56 named their contract management package (including nine “custom”). Note that approximately…
An article about how an actuary at Towers Watson obtained a patent for a statistical algorithm, in the NY Times, May 13, 2012 at BU7, raises several points about law department management. Initially, the employee cleared with his boss that it would be worthwhile to obtain a patent, and then…