Category: Business Intelligence

Can law firms take advantage of explosive data growth? And I am not talking about e-discovery.  Last Friday, New Ways to Exploit Raw Data May Bring Surge of Innovation, a Study Says in the New York Times explained that both businesses and consumers create ever-increasing...

As law firms try to shift from reverse in 2009 to forward in 2010, they should remember that the easiest way forward is to win more business from existing clients, not get new clients. A new tool, Client Profiles by LexisNexis, is a promising way...

Just when law firms were beginning to master business intelligence (BI), the market goes and changes the rules. Growing volumes of alternative fee arrangements raise the question of what’s next with BI?  In the old normal, law firms tracked a key few metrics: billable hours,...

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...

Can good business intelligence analysis affect a large firm merger? We may find out if Bryan Cave and Squire Sanders merge – a possibility reported earlier this week.  Bryan Cave may be looking at merger (12/20/05) reports that “St. Louis law firm Bryan Cave LLP...

Yesterday I suggested that improving the process of assigning associates could improve partner profits. In fact, Bryan Cave, with its deep commitment to business intelligence, appears to have done so.  I asked John Alber, the firm’s technology partner and author of several recent excellent articles...

Is there an easy way to increase per partner profits by $27,000?  I previously reported that IBM’s global consulting business built a system to match consultants with the right job. Business Week (11/21/05) reports that using it, IBM “with 36,000 consultants in its system… saved...

Business intelligence continues to be a hot law firm management and legal technology topic. The cover story of the current issue of Law Firm Inc. is on BI. And the October ILTA white paper (PDF) has another outstanding BI article by John Alber of Bryan...