The data reported in Exari’s white paper, Corporate Counsel Contracts Survey Report, Dec. 2011 at 8, appears impressive but upon reflection offers little insight. The company’s recent survey of approximately 100 legal departments asked them to estimate the average time they spent reviewing each contract. A chart shows four choices…
Exari’s white paper, Corporate Counsel Contracts Survey Report, Dec. 2011 at 7, draws on responses from approximately 100 companies. They report that “an average of 67% of their contracts is created on their own paper and 35% of those agreements are renewals. Roughly 72% of contracts created by the respondents…
UK matter management software. The UK’s largest friendly society LV= (aka the Liverpool & Victoria) has implemented Proclaim case management software from Eclipse Legal Systems for its inhouse legal and secretariat team to support internal clients. This item comes from Charles Christian’s Orange Rag, January 2012. Also, the legal services…
Very commonly general counsel and business executives complain vociferously about “regulatory overload.” Spewing out every year hundreds or thousands of new laws, regulations agency practices hobble business. The burden rises – but you know about every cloud. Four silver linings balance the picture a bit. Were it not for governmental…
ALM Legal Intelligence compiled responses from 107 senior in-house counsel, about three-quarters of which were general counsel. The summary of the report, in Law Tech. News, Feb. 2012 at 24, says that almost two out of three of the respondents come from companies with annual revenue of less than $1…
The reason there are so many awards handed out to law departments is that vendors and service providers pay handsomely for the publicity. If you are a software vendor, for example, you rejoice when one of the law departments that has installed your software bags an award (See my post…
Something is amiss if the distinguished Legal Tech. News of ALM proclaims that the year’s most innovative law department, from the standpoint of technology, achieved that distinction because it selected a litigation hold system. The February 2012 write-up, at page 15, unquestionably describes something new and unheard of: the “extensive…
The most recent ALM Intelligence metrics survey asked about 26 practice areas, including “Other.” They allowed me to examine data provided by about 70 US legal departments. Of them, eight practice areas accounted for two-thirds of all the lawyer positions. Litigation and Commercial each accounted for around 15%, while Intellectual…
Not many law departments calculate rolling averages, such as for what they spend per month on outside counsel, but it is a useful tool to show up-to-the-month patterns in time-interval data. Rolling averages can show your progress since they convey recent trends rather than overall averages. I write about rolling…
By my rough count, at least six vendors at LegalTechNY offered SharePoint applications. For example, Handshake Software explained to me that its software can draw on the structured, SQL data in any matter management system and put that data into SharePoint. It sounds like the ubiquitous software takes a step…