If a company wants to buy another company or has been approached by a company that wants to buy them, either company’s law department might like some guidance as to which law firm to retain. Since large deals announce the law firms representing both sides in mergers and acquisitions, companies…
Law Department Management Blog
If we only had a proxy for the value of a blog post …
If some method were available to assess the quality of blog posts, lawyers as a group would learn more quickly and benefit more from blogs. Currently, each blog post is equal in value – however “value” might be determined – to every other blog post. My research into the blog…
Baumol’s cost disease and why law departments keep paying higher and higher hourly rates
The Economist, June 28, 2014 at 11, writes about higher education’s future and observes that with colleges, it “suffers from Baumol’s disease – the tendency of costs to soar in labour-intensive sectors with stagnant productivity.” That effect could diagnosis the malady of corporate legal services: what big-firm lawyers do…
Sub-topics of blogs after substantive area focus
We have looked at the blogs of the firms in this series according to their substantive legal practice area. Most of the blogs have a substantive focus, such as tax or anti-trust. But what about the sub-topics that are secondary to the substantive focus? To collect the data in the…
Dispersion of branch offices and number of blogs supported by U.S. law firms
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…
Practice area topics of law firm blogs
This post looks at the topics of the blogs described previously. Recall that forty-nine large US law firms host one or more blogs. When you categorize those blogs by substantive legal practice area, you find the distribution shown in the plot below. With 30 of the blogs focused on it,…
Law firms without blogs and whether number of lawyers might be causal
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…
Law firms, their blogs, and marketing to corporate legal departments
Many U.S. law firms host blogs. They do so in part so that in-house counsel find them if they search for a topic on the internet or so that they develop followers of the blog who are interested in the issues dealt with by the blog. Law firm blogs, in…
Beyond ranking law departments on a metric: show differences from average or show scaling
Sometimes you want to compare companies on metrics that vary widely. As an example, patent applications granted during a year for a group of companies may vary from five to fifty. The external legal spend of those same companies may vary from $750,000 to $6 million. You can rank each…
Give some thought to how you label the text on an axis: data on large law firms
When you create a plot, you may be content with the default text labels on the axes. You should, however, at least be aware of some choices you could make. To make this point real, let’s plot the 14 law firms that this year’s NLJ 350 reported as having more…