News
How to leverage “Big Data” to better manage the business of law
05-08-2012
“Big Data” is a term that is capturing a lot of attention. Almost every industry is involved with some type of transaction that leads to mass amounts of data.
Link to ArticlePittsburgh-area law firms see hourly rates dip from 2009
05-04-2012
In 2009, partners at Pittsburgh law firms were paid a mean hourly rate of $487. By 2011, this rate had fallen to $460, a decline of 5.5 percent.
Link to ArticleLawyer inflation: With economy mending, many firms return to raising rates
04-27-2012
Boosting rates — the time-honored tactic of choice for law firms to beef up profits — was temporarily put on hold by many firms during the recession.
Link to ArticleLaw Firm Insider
04-25-2012
A new report released by Corporate Executive Board and TyMetrix found that hourly rates charged by major law firms rose nearly 50 percent over the past decade.
Link to ArticleStates With The Highest-Paid Lawyers: Report
04-20-2012
A law degree might not be quite the golden ticket it used to be, but for the average lawyer in most states, it’s still a six-figure profession.
Link to Article2012 Real Rate Report: No legal loyalty bonus & Consolidation does not mean lower rates
04-18-2012
Many industries reward the loyalty of customers with more favorable rates, but the length of a relationship between a client and her law firms has the opposite effect in the legal sector.
Link to ArticleLatest Billing Rate Report: The Rich Keep Getting Richer
04-17-2012
Hourly rates just keep rising—and the best-paid lawyers are raising their rates faster than everyone else.
Link to ArticleRich lawyers are getting richer faster
04-17-2012
The gap between legal fees charged by the top-billing lawyers and those on the lower rungs is growing wider, according to a study released Monday.
Link to ArticleBillables Rate, Archer & Greiner, Shearman: Business of Law
04-17-2012
The rich are getting richer and the less-rich are getting almost nowhere, among lawyers that is.
Link to ArticleLaw firm billing rates steadily climbing despite down economy
04-17-2012
At a time when corporate purse strings are still cinched relatively tightly, legal departments probably aren’t popping champagne bottles over the news that rates for their outside counsel are continuing to rise.
Link to ArticleWSJ on ever increasing hourly rate: anyone else get a sense of deja vu?
04-17-2012
The front page of today’s Wall Street Journal contains an article analyzing hourly rate increases amongst lawyers. After noting that average rates for top-end partners rose to $873, the Journal provides this insight (from TyMetrix data):
Link to ArticleNew billing rate study
04-17-2012
Software company, TyMetrix Legal Analytics, in association with Corporate Executive Board, has announced publication of the 2012 Real Rate Report.
Link to ArticleWhat do law firm rates tell us?
04-17-2012
Some of you may have noticed that the latest edition of the Real Rate Report is out from TyMetrix and the Corporate Executive Board, and it contains some tantalizing figures.
Link to ArticleLawyers boost hourly rates in 2011
04-16-2012
The highest hourly-billing lawyers increased their average price by nearly 5 percent last year, while lawyers in the bottom quartile managed a 1.3 percent increase, The Wall Street Journal reports.
Link to ArticleWhen It Comes to Billing, Latest Rate Report Shows the Rich Keep Getting Richer
04-16-2012
Hourly rates just keep rising—and the best-paid lawyers are raising their rates faster than everyone else.
Link to ArticleThe Law Profession’s One Percent
04-16-2012
For those of you keeping track of the legal profession’s equivalent of the one percent: the most expensive lawyers in the U.S. are getting even more costly, while their less-fortunate brethren at the bottom 25% of billers struggle to keep pace with inflation.
Link to ArticlePriciest Partners Had an Average Hourly Rate of $873 an Hour Last Year
04-16-2012
A new study shows a growing divide between law firm partners who charge the highest and lowest fees.
Link to ArticleRich Lawyers Are Getting Richer, And Poor Lawyers Are Getting Poorer
04-16-2012
While most lawyers suffer unemployment or relatively low pay, the top few are cashing in like never before.
Link to ArticleLawyers Face Widening Pay Gap
04-16-2012
Income inequality is a problem among lawyers, too.
Link to ArticleEven lawyers face income inequality
04-16-2012
The income gap is widening — among lawyers.
Link to ArticleRich lawyers are getting richer faster
04-16-2012
The gap between legal fees charged by the top-billing lawyers and those on the lower rungs is growing wider, according to a study released Monday.
Link to ArticleBiggest Rate Hikes Come From Top-Paid Attys, Report Says
04-16-2012
Hourly rates for the most expensive lawyers are rising the quickest, according to a report on legal billing rates released Monday, signaling to some that major law firms are settling back into prerecession charging habits.
Link to ArticleBiggest Lawyers Grab Fee Bounty
04-15-2012
The priciest lawyers in the U.S. are getting even more expensive, but those at the opposite end are getting left behind.
Link to ArticleSoftware To Help You Keep Up With Jones & Jones
03-05-2012
New analytical product tracks law firms’ performance, pricing and more
Ever wonder what your competitors in the area are charging for their work, how they’re structuring compensation or how long it takes them to resolve a case? John Weber makes it his business to tell you.
Link to ArticleStrategies: The Journal of Legal Marketing
03-04-2012
You Better Know Their Names and Understand Their Metrics: Corporate Procurement Influences the Law Firm Selection by Dr. Silvia Hodges
Download Now LegalTech New York Seems to Hold More for the Big Fish
02-15-2012
The pocket protector Star Trekky side of me secretly hoped that LegalTech New York, ALM's annual technology conference, would be a gathering of my people. So, when I walked in and spotted a guy who was dressed head to toe in an outfit that looked like he just emerged straight out of The Matrix, I was psyched.
Link to ArticleA Chat with Dr. Silvia Hodges on How to Prepare for the “New Normal” in Private Practice
02-13-2012
As law students, most of us generally don’t think we need to worry about strategies for marketing ourselves or learning how to build business for our future employers. Dr. Silvia Hodges, an expert in the field of legal marketing research, shares with Ms. JD that a new era in the legal services industry is approaching and now is the time to prepare yourself and your firm for the challenges of the soon-to-be new normal.
Link to ArticleWhich Metrics Matter Most?
02-03-2012
Firms need to avoid less productive metrics like non-billable hours and start measuring hours spent on business development, follow-up frequency and quality touches with centers of influence.
Link to ArticleLegalTech Takeaways: Cost-Saving Tips, Government E-Discovery
02-02-2012
E-discovery cost reduction using data mining software, and e-discovery tips for cases involving the U.S. government, were two of the unique sessions at LegalTech New York on Wednesday.
Link to ArticleIntelligent Application of Automated Workflows: From the January 2012 issue of Claims Magazine
01-24-2012
It is no surprise to find that, in most lines of business, claims managers are assuming heavier caseloads. With 250 or more open files to manage, mastering the multitude of timelines involved with litigated claims drains precious time.
Link to ArticleLegal Technology News
10-18-2011
TyMetrix a Hartford, Conn.-based subsidiary of Wolters Kluwer specializing in legal analytics platforms, has announced its acquisition of the software assets of RORA Client Systems, including the LEDESense electronic invoicing software suite.
Link to ArticleLegal Rebels
10-12-2011
Several recent stories have raised issues about what we might call “Professionalism in the New Normal.”
Link to ArticleLegal Value Scoring
09-06-2011
The Wall Street Journal published an article last month that grabbed the attention of many attorneys: "Lawyers Spooked by Reverse Auctions." The article discussed how some large companies, including eBay and Sun Microsystems, have been using reverse auctions (also known as competitive bidding) to pit law firms against one another for their business.
Link to ArticleUnderstanding the Business of Law: Data-Driven Decision-Making for Corporate Legal Departments
08-31-2011
Link to ArticleLegal Spend Intelligence - What do you charge? Are you paying the right amounts?
05-11-2011
Link to ArticleTyMetrix Data Solutions Provides the Industry's First Products and Services to Empower Legal and Claims Professionals
05-04-2011
Link to ArticleForbes
04-26-2011
Ben Kershberg: Law & Technology Business Intelligence and Legal Matter Management
Link to Article
