BI Beyond the Four Walls
Law firms increasingly use business intelligence techniques to improve profits. You can also apply similar techniques to understand the overall business environment. Competitive intelligence (CI) is now its own discipline. For example, West offers its Monitor Suite: “Litigation and Deal Monitor provide unique analysis of...
Ron Friedmann,
20 years ago
1 min read
Outsourcing Harbinger
One “leading indicator” of legal market trends is who consulting firms are hiring. Today, Hildebrandt announced that two sourcing experts join the firm. According to the May 8th press release, “Christopher Petrini-Poli and Nicholas Quil will join Hildebrandt, heading up the firm’s new global Strategic...
Ron Friedmann,
20 years ago
1 min read
Price Umbrella Collapsing
Pricing may be collapsing. No, not large law firm billing rates; I mean e-discovery processing. Lately, my legal technology consulting friends have reported that the price umbrella was collapsing. Now comes “official” confirmation. Publicly traded Marsh & McLennan Companies, which owns Kroll, reports in a...
Ron Friedmann,
20 years ago
1 min read
Long Live the Dot-Com Boom
The dot-com boom is dead. Long live the dot-com boom. Two sites recently caught my eye as examples of why the boom has created a lasting legacy. One site is a source for specialized information. Automatic external defibrillators (AED) are life saving devices that re-start...
Ron Friedmann,
20 years ago
2 min read
Stepping into the Breach
If a tree falls and no one is there to hear it, does it make noise? If a contract is breached but no one is there to notice, does the breach matter? Clause and effect on supplymanagement.com details myriad problems with contract management and cites...
Ron Friedmann,
20 years ago
1 min read
Due Diligence in India
Reviewing documents is expensive and tedious. It’s just a matter of time until some is offshored to India. I hear it is already happening but have no public confirmation… until now. The Financial Times (4/12/06) reports that “in an upcoming acquisition financed by a UK...
Ron Friedmann,
20 years ago
1 min read
Podcasts for Recruiting
BigLaw’s salary escalation for new associates shows the competition for talent. Law firms should consider how technology can help them gain recruits’ mind-share. The Wall Street Journal, in Podcasts Extend Recruiters’ Reach (4/24/06, $), explains how management consulting firm Bain & Co. used a 20-minute...
Ron Friedmann,
20 years ago
1 min read
ILTA KM Webinar on April 27th
The first International Legal Technology Association knowledge management webinar is this Thursday, April 27th. The recently formed ILTA KM peer group is hosting KM 101: The Three Stages of Knowledge on April 27th at 2:00 PM Eastern / 1:00 PM Central / 12:00 PM Mountain...
Ron Friedmann,
20 years ago
1 min read
Bar Rules that Reading Post-It Notes is Unethical
Ok, the title is not true. But it may as well be given the mind set of some bar regulators. What’s a Little Metadata Mining Between Colleagues? on law.com discusses lawyers’ use of metadata and that some state bars are considering making it unethical to...
Ron Friedmann,
20 years ago
1 min read
Good Legal Outsourcing Article
The current issue of Law Practice Today (April 2006) has several useful articles about outsourcing in the legal market. One of the articles is Inside vs. Outside: When Does it Make Sense for Law Firms to Outsource?, a roundtable discussion that includes several legal technology...
Ron Friedmann,
20 years ago
1 min read
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