Resources

The insurance industry has historically leveraged analytics to predict risk when writing policies. Shouldn’t insurers and their counsel apply those same kinds of analytics to understand and predict their legal exposure when claims become legal matters?

With Legal Analytics, insurance lawyers can discover what types of cases have actually been litigated, who represented the opposing parties, what findings the court or jury made, and what damages were awarded.

Download this white paper to explore how Legal Analytics provides insurance lawyers an edge, equipping them with:

• A detailed litigation history of an opposing party
• Data-backed insights to help formulate litigation strategies that win cases
• Specifics about previous cases, such as cost, length of litigation, and more

Start making smarter, faster, data-driven legal decisions today.

For many companies, outside counsel serves as an efficient alternative to a corporate legal department and offers benefits like cost-savings and access to highly specialized skill sets.

Without careful management, these relationships can quickly generate friction. One key area to ensure a mindful approach is legal invoice compliance and billing enforcement.

Download this eBook to explore how you can manage billing communications in a way that maximizes potential gains while minimizing friction, including:

• The importance of clear communication in building trust and proficiency
• How experts help better manage outside counsel spend
• Why transparency is key, and how it helps you operate more efficiently

Today’s legal professionals are being buried beneath an avalanche of data, are overwhelmed by the constantly changing regulatory and compliance landscape, and are being forced to keep up with ever-evolving technologies that impact eDiscovery and all other aspects of the legal industry.

Implementing technologies like Artificial Intelligence (AI) can be daunting, not to mention the fear of replacing human jobs; however, there are many positive impacts it can bring to your legal team and firm. When leveraged correctly legal groups can implement a proactive approach to communications compliance monitoring, constantly and thoroughly reviewing material in real-time with a level of efficiency that would be impossible using traditional manual techniques.

Start preparing your law firm to beat the competition now. Download this white paper and learn how to:

• Increase firm efficiency and productivity
• Accelerate eDiscovery efforts with AI Take the eDiscovery fast lane
• Simplify compliance
• Leverage machine learning to meet compliance requirements Reduce or eliminate false positive compliance concerns
• Focus on business critical initiatives and stay up to date
• Enhance jobs, not replace them

When it comes to managing your organization’s legal spend, it’s important to set expectations with outside counsel clearly from the onset to avoid confusion and expensive surprises.

Download this whitepaper to learn how the following ideas will help you get a better handle on your outside legal spend:

• Authorizing time keepers to build accountability
• Setting billing guidelines and formats that work
• Alternative fee arrangements
• Objective and subjective review

Disasters of any kind, whether natural, man-made, or cyber, continually cost businesses billions of dollars in damages, down time and lost wages. Cybercrime alone is expected to cause economic damages of $6 trillion across the globe by 2021.

A small to mid-size law firms can expect to lose about $54,000 in billable revenue for just one hour of downtime due to any disaster. That number skyrockets to $200,000 for one week lost.

Learn how to develop a disaster recovery plan for your law firm using the tips and considerations outlined in this white paper, including:

• What a well-thought-out disaster recovery plan looks like
• Initial actions and steps effective plans should follow
• Key questions and considerations for your plan
• The cloud’s role in successful disaster preparedness and recovery

Be ready for disaster scenarios that are increasingly looking less like an if and more like a when.

The legal sector has been dramatically affected by two major disruptive forces over the past two decades: technology and the 2008 financial crisis. These forces are reshaping the legal industry as firms become more efficient, productive and adaptive with their business models to meet client demands.

This digital transformation of the legal sector has reached a tipping point, marked by 3 distinct factors that your firm needs to consider to mitigate risk, and seize opportunities to secure growth in the future.

Download this executive brief to explore these 3 factors which include:

• Why your firm is facing a technical tipping point
• Digital risks that influence your law firm’s financial health
• How to leverage digital security as a competitive advantage

Don’t become complacent with what works today. Start protecting your future.

Today’s clients demand more from their law firms than ever before. To remain competitive in this client-empowered era, firms must re-examine the role of technology.

Download this eBook to learn how strategically re-thinking your firm’s technology can benefit your bottom line. You’ll learn how automation and AI can help your firm:

• Win more business
• Streamline processes and save time to boost profitability
• Deliver client success
• Handle data correctly in the client-empowered era

Legal departments face increasing pressure to operate more like the rest of the business, by tracking, measuring, and demonstrating cost effectiveness, and thus should be asking for more from their outside counsel.

Progressive law firms and alternate legal services providers recognize the shifting demands, and are adapting and evolving the delivery of their services to meet new expectations.

Start ensuring the law firms you work with aren’t stuck in the past. Download this guide to learn 5 new expectations you should have for your outside counsel. Including:

• Produce scalable resources and solutions
• Provide a multidisciplinary team to ensure effective collaboration
• Commit to ingenuity and innovation
• And more!

Today’s clients expect more transparency and responsiveness than ever. In response, top law firms are exploring opportunities for innovation in how they do business.

Learn how the right technology strategy can:

• Enable the data collection and analysis that will help your firm differentiate, boost lawyer productivity, and drive sales
• Give business development teams new efficiencies for creating proposals and conducting RFP prep
• Utilize AI and automation to manage and mine data—and deliver deep and actionable insights

In our technology-enabled era, most law firms have moved away from manual processes to embrace electronic timekeeping. However, many continue to struggle with time entry accuracy and bill rejections related to noncompliance with outside counsel guidelines (OCGs).

Firms know something needs to change, but so far, they haven’t found the answer. In short, they have arrived at a crossroads.

We’ll look at the factors that point to a need for change in time and billing technology. We’ll also explore a better path forward: the concept of “compliant time,” which offers a new way to streamline timekeeping and improve time-capture accuracy while also ensuring adherence to OCGs.

When given a choice, 75% of people prefer to make payments with a credit or debit card. Payment disputes can be costly and time consuming. Take steps now to protect your firm against them, and provide your clients with an easy way to make payments.  

To do this, you can add a credit card authorization form to your intake paperwork. Download this kit for two sample authorization forms to help you get started. Including:

• Client authorization form, either to pay a current invoice or to authorize future scheduled payments.
• A form to cover authorizations for friends and family members who are making payments on behalf of your clients.

The business of law is changing, and literally no corner of a large law firm operates exactly like it did several years ago. The process for evaluating and onboarding new clients in law firms is no exception.

This eBook outlines why and how these big trends are causing shifts in law firm approaches, provides insights and practical tips on what firms must do to adapt their business acceptance models, and identifies specific areas where technology can help.

Download this eBook to learn about these trends and their impacts:

• Law departments tightening terms with law firms
• 10 years of decreasing realization rates
• All partners needing to be rainmakers
• Strategic global business alignment
• The privacy, cybersecurity, and anti-money laundering regulatory tsunami

Plus – get a checklist to assess the gaps in your firm’s acceptance approach in this changing landscape.

If there’s a single word that sums up the workload of the modern in-house legal team, it is “contracts”. Often outlined by business teams and passed to the legal department for a “quick once-over” before they’re signed. There may be little value that the GC can contribute when brought in at this stage.

There is a better alternative: to screen throughout the life-cycle.

Download this guidebook and learn how automating contract pre-screening can deliver numerous benefits to your legal team and organization at large. Including:

• Time savings
• Increased efficiency
• Identifying business opportunities
• Contract review consistency
• Enterprise risk reduction

Whether you are pitching a new client, or an existing client on a new matter, setting case strategy, walking into a settlement meeting, or want to learn about litigation trends to set your practice group strategy, the key ingredient to your success is solid competitive intelligence.

Learn how you can leverage Legal Analytics to analyze the history and behavior of your clients, prospects, and competitive counsel, at both the firm and individual attorney level. Instantly compare the litigation performance of law firms and parties, side-by-side, to make data driven decisions.

Download this information brief to explore 4 Legal Analytics use cases. Including, how to:

• Analyze litigation behavior of specific or entire party groups
• Quickly assess law firms you are up against to identify strategic advantages
• Compare firm insights side-by-side, for a deeper understanding of their cases, timings, resolutions, and more
• Evaluate a potential attorney’s experience and results to support the right hire

PLUS – Get “The Impact of Legal Analytics On Law Firms” Infographic illustrating who uses Legal Analytics firms, the top use cases, and time-savings associated with each.

Business management training has never been a staple of the lawyer’s education. The good news is, lawyers can become better business managers, though it won’t happen overnight.

Tackling inefficiencies in law firm processes is an area of business management that will set you well ahead of the curve, and the results will show up on your bottom line. For the most part, law firms just do what they do, as they always have done; but don’t necessarily have an effective plan on how to do it.

Download this white paper to discover solutions that help you address the five common law firm inefficiencies:

• Communication
• Document management
• Staff management
• Payment processing
• Collections

Start creating efficiencies now to build effective habits that will save you time and improve your bottom line moving forward.

Your words, your tone, the way you present your ideas, how often you share updates—these things, large and small, can determine the success of your client relationships, and by extension, your practice.

Download this Guide to start forming strong client communication skills using habit forming processes. You’ll learn common communication mistakes, how to avoid them, and best practices for ensuring the most successful outcomes for your practice.

This guide covers:

• How to make a positive, professional first impression
• How to boost your interview skills to uncover insights and build trust
• Set realistic expectations
• The importance of empathy and emotional intelligence

Starting your own business can be simultaneously exciting and nerve-racking. It requires careful planning, commitment, longer hours, and usually a reliance on an unsteady income at first.

Yet, the prospect of being your own boss, setting your own hours, building a business, and carving your own path can be extremely rewarding.

Download this eBook for a step-by-step guide that walks you through all the essentials to launch a successful law firm in the Digital Age, including:

• Choosing a practice area
• Establishing Your business
• Budgeting for success
• Finding an office
• Marketing your firm in the digital age
• Networking and earning clients

Modernizing your law firm requires more than just new technology. Updating your agreements to address today’s technology concerns is crucial.

Download this kit containing five optional provisions addressing a lawyer’s potential use of newer technology, billing, or legal requirements to secure private information, or to advise clients of file destruction policies.

Forms included:

• Privacy Policy
• Digital File Maintenance Clause
• Disposition and Destruction of Client Files Clause
• Disclaimer of Liability for Use of Cloud Storage or Technology Exposing Client Information to Hacking
• Sample Language for Billing and Credit Card Use

The Digital Revolution is reshaping the way the legal industry conducts business as more and more services become digitized, virtualized, and mobile. How clients pay for services is changing too.

Is your firm equipped to meet the digital payment demands of today’s business environment?

Learn how your firm can gain greater operational efficiency and significant time savings by offering modern online payment tools for your clients.  Discover the benefits of embracing digital payment tools, and why they’re a key aspect of providing an exceptional, modern client experience.

Download this eBook for an overview of:

• What makes a modern client experience
• Traditional concerns with accepting credit card payments
• How lawyers are optimizing cash flow and workflow with modern tools

Adopting online payments is no longer a question of if, but when, as more of your clients will choose competitors who do offer this option.