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Law Department Management Blog

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Cottage Industrialist, a founder or top executive of a leading vendor to law departments: Joe Bookman of CompInfo (Part 4 of a series)

Here is the latest backgrounder on a leading matter management system’s founder, Joe Bookman of CompInfo (currently the CEO of PinHawk). “CompInfo was incorporated in 1978. Yiorgos Athanassatos and I, along with other early CompInfo people, had worked for CBS News Elections and Surveys. We were part of a small…

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Mitratech survey of law department spending and one unexpected result about GRC

One question on a recent Mitratch survey regarding law department technology asked respondents “Do you currently invest in” and listed six classes of law department software. In order of declining percentages, the responses checked off by respondents were matter management systems (72% said they were invested in it), e-billing (52%),…

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Everyone assumes that regulations keep piling up and law departments pay the price in increased workload

It turns out that it may not be at all clear that prospects of change in regulations deter companies from proceeding with their initiatives. Here is how the Economist, Oct. 29, 2011 at 88, summarizes a recent article by a senior Treasury official: “She found no evidence that regulatory uncertainty…

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Do you buy these six protestations by Legal regarding Procurement?

“We’re not buying pencils!” the implication being that Procurement may know how to buy trivial objects by bullying fungible providers, but sophisticated legal brains far overmatch their petty purview. “Costs matter less than quality and results!” Procurement wants cheap; law wants brilliance and victory, and the twain can ne’er o’erlap.…

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Mitratech, a leading matter management system provider, acquired by private equity firm

Yesterday, Vista Equity Partners (Vista), a private equity firm with some $6 billion in investments, acquired Mitratech, one of the leading providers of software for law department matter management, e-billing, as well as governance, risk and compliance. The press release says that the capital and management experience of Vista will…

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Thoughts from a guest author on unbundling legal services: ethics and productivity

Stephen Nagin, Of Counsel, at Peretz, Chesal & Herrmann, in Miami, Florida, sent this after my post about unbundled, limited services by lawyers. “The ABA model Code of Professional Responsibility never was crafted to deal with unbundling in a comprehensive manner. It protects the guild from unsupervised paraprofessionals. It does…

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600 law departments in the GCM benchmark survey, and many more coming before Release 4.0 in December!

The pace of participation has picked up and there is a decent chance that this year’s final report will embrace 1,000 departments. As of today, there were 600. They reported more than 26,000 lawyers, $13.5 billion of legal spend, and $43 trillion of revenue. In addition to 22 basic industries,…