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Leverage - The 2009 Scenario

MichelleStPierre — Fri, 20 Nov 2009 18:22:00 GMT

Four times per year we host the Redwood Forum, which is a chance for Redwood users to get together online and talk about business intelligence, law firm management and finance, and the role our tools play in that space. The following post is guest authored...(read more)

Around the Web

MichelleStPierre — Thu, 19 Nov 2009 18:36:00 GMT

We've been quite busy around here with the rollout of the new LexisNexis/Redwood Planning Application so I thought this week I'd bring you some coverage of Redwood from around the web. First off, Norm Mullock - Vice President, Product Strategy...(read more)

Know Your Alternatives: Another Week – Another Conference

RussHaskin — Fri, 13 Nov 2009 19:08:00 GMT

As I mentioned last week, there is no doubt that alternative arrangements are the hottest topic this year. It is by far the number one topic firms are asking about and the number one conference topic as well. Therefore given this is near and dear to my...(read more)

Key Performance Indicators

DerekSchutz — Thu, 12 Nov 2009 21:46:00 GMT

I recently read an article posted on Bruce MacEwen's blog Adam Smith, Esq. titled " The Great "Laterals" Conversation, Chapter 2 ". The article itself is insightful and speaks largely on (surprise, surprise) lateral hires. However...(read more)

DIY or Not?

MichelleStPierre — Thu, 12 Nov 2009 15:46:00 GMT

We all have home improvement projects on our To Do list. Are you a do-it-yourselfer or do you prefer to hire someone to get the job done right? If you're like me you just keep procrastinating because you know you CAN do it, but you never seem to have...(read more)

Know Your Alternatives: The Never Ending Series

RussHaskin — Thu, 05 Nov 2009 20:38:00 GMT

I realized when I started this series that hypothetically it could go on forever. In previous posts, we have discussed fixed fees, capped, fees, contingent work, value based pricing, retainers, and other alternatives to the standard hour arrangement....(read more)

The Art and Science of Business Intelligence

MichelleStPierre — Wed, 04 Nov 2009 18:37:00 GMT

It is not unusual today for companies to compete on analytics, as Thomas Davenport famously wrote about in the article "Competing on Analytics" for the Harvard Business Review in 2006. There are companies in the non-legal space who have built...(read more)

Know Your Alternatives: Capped vs. Fixed Fees

RussHaskin — Wed, 28 Oct 2009 14:51:00 GMT

In previous posts I have referred to my preference to the fixed fee arrangement . In addition I have also commented that as firms are building their repertoire and gaining trust with clients, capped fee arrangements could be the answer, especially those...(read more)

Thoughts on the ACC/Serengeti Managing Outside Counsel Survey

MichelleStPierre — Thu, 22 Oct 2009 18:16:00 GMT

The 2009 ACC/Serengeti Managing Outside Counsel Survey , as reported at Association of Corporate Counsel's annual meeting this week in Boston , has some interesting notes which are relevant to what we've been blogging about lately: Predictability...(read more)

Know Your Alternatives: Contingent Work Basics

RussHaskin — Tue, 20 Oct 2009 18:53:00 GMT

At our User Conference this year we had a presentation called "Contingent Work: Worth the Investment?" The title of this presentation poses a question that is asked by many firms, especially those that are large in size. There are many boutique...(read more)

Know Your Alternatives: Retainers - Using an Old Friend

RussHaskin — Fri, 16 Oct 2009 19:26:00 GMT

The reality is that the majority of firms have concerns when it comes to their billing and collection practices. There is a lag in activity and that causes a loss in realization and an opportunity lost for re-investment (Time Value of Money.) That said...(read more)

Pervasive Business Intelligence

MichelleStPierre — Thu, 15 Oct 2009 15:08:00 GMT

In a speech at Computerworld 's Business Intelligence Perspectives conference in September, Dan Vessett, an analyst at IDC (global provider of market intelligence) spoke about "pervasive Business Intelligence." He theorized that corporate...(read more)

Notes on Diversity from the Counsel to Counsel Summit

MichelleStPierre — Wed, 14 Oct 2009 19:44:00 GMT

Today's post is guest authored by Grace Lee. Grace is the Product Manager for Lexis Diversity Insight. I was just at Martindale-Hubbell's Counsel to Counsel Summit in LA last week, and it was an energetic and thought-provoking event. The overall...(read more)

Notes from the 2009 Redwood User Conference: Driving Value

MichelleStPierre — Fri, 09 Oct 2009 14:21:00 GMT

This post is guest authored by Chris Katchuk who worked hard to help organize the 2009 Redwood User Conference in Chicago from September 22-23. By the year 2004, Redwood Analytics had been providing Business Intelligence products and services for a few...(read more)

Know Your Alternatives: The Blended Rate - An Alternative Arrangement or Not?

RussHaskin — Wed, 07 Oct 2009 16:59:00 GMT

It may seem odd to jump from speaking about the "pinnacle" of the alternative arrangements ( the fixed fee ) to what many consultants believe is not an alternative arrangement at all, the blended rate. The reason for the jump is simple. I have...(read more)