Simple legal billing tools are often the first step legal operations teams take to bring order to invoicing and payments. Electronic billing replaces paper invoices, speeds up approvals and provides basic...
Legal departments evaluating enterprise legal management (ELM) software are no longer asking whether they need the technology. They are asking which platform will support the way their team works today...
Outside counsel fees remain historically elevated, even as the pace of year-over-year increases has moderated. Legal operations teams are now operating in an environment where cost pressure is persistent...
Many legal departments have invested time in standardizing processes, documenting guidelines and defining expectations. Yet even with these efforts, inconsistency often remains. Decisions vary by matter...
Many legal operations teams have made meaningful progress toward standardization. Billing guidelines are in place. Evaluation criteria exist. Budget expectations are documented. Yet despite these efforts...
* The views expressed in externally authored materials linked or published on this site do not necessarily reflect the views of LexisNexis Legal & Professional.
LexisNexis® CounselLink® is pleased to announce a new feature, powered by the Lex Machina® Legal Analytics® engine, to help general counsels identify the most appropriate outside attorneys and law firms to meet their litigation needs.
Outside Counsel Selector, now accessible through CounselLink, is available to existing CounselLink customers as part of a commercial preview running through the end of 2024.
For corporate legal departments using CounselLink, Counsel Selector reduces the need for large-scale and time-intensive searches for new outside counsel and optimizes lawyer and law firm selection using Lex Machina data and analytics.
Counsel Selector delivers instant comparisons of prospective firms based on criteria like jurisdiction and practice area. Results show litigation experience, number of cases litigated, case resolutions, findings and remedies, and total damage awards.
"CounselLink Outside Counsel Selector empowers legal departments to make data-driven decisions when selecting outside counsel, ultimately leading to better outcomes and more effective resource allocation," said Pamela Gelfond, Vice President, LexisNexis CounselLink. "
Lex Machina scans millions of docket documents to create valuable analytics and provide data-driven insights in Outside Counsel Selector that pertains to courts, judges, law firms, lawyers, and parties. Legal professionals can use these insights to anticipate the outcomes of various legal strategies.
Lex Machina's Legal Analytics® are created by a blend of artificial intelligence and attorney review to give LexisNexis users a winning edge in crafting successful litigation strategies, matter wins and business development. Both legal departments and law firms utilize the data-driven insights from Lex Machina that not only help with litigation strategy but also help with talent recruitment.
More information is available here if you’d like to participate in the pilot program.