By Madison Johnson, Esq. | Marketing Manager The competitive landscape for legal services has changed significantly over the past two decades. An industry that was once characterized by long-term loyalty between law firms and corporate clients has been transformed...
Petersen Health, an Illinois-based company that operates nursing facilities in the Midwest, filed for Chapter 11 bankruptcy protection in March 2024. Within one month, the company had received 20 bids from potential buyers seeking to purchase various Petersen assets...
As a solo or small firm attorney, managing your law firm's budget is a crucial aspect of running a successful practice. Staying financially sound allows you to focus on serving your clients without the added stress of financial concerns. In this article, we'll...
Summary Alternative Fee Arrangements Enhanced Productivity with Generative AI Challenges and Ethical Considerations Preparing for the Future Legal Industry with Lexis+ AI Updated November 6, 2023 In the ever-evolving landscape of the legal profession...
Summary What are Billable Hours? How to Calculate Billable Hours Time Management Strategies for Small Law Attorneys Emerging Trends Maximize Billable Hours with Lexis+ Billable hours are the lifeblood of a small law firm – and mastering...
Summary: Study Methodology Saving Money with Legal Technology More Benefits to Legal Tech Saving Money with LexisNexis In today’s fast-paced legal landscape, purchasing the right legal research technology is critical – especially for...
By Ben Knuth | LexisNexis Subject Matter Advisor, Securities and M&A The wave of sanctions that were applied against Russia for its invasion of Ukraine in early 2022 created a sudden new mandate for compliance departments last year: Keep track of fast-changing...
By Lindsey Watson, LexisNexis® Knowledge & Research Consultant The renewed visibility of law firm library departments and their strategic importance in a competitive legal services marketplace has led to an increased scope of responsibilities for these...
Efficiency is important to law firm success You can improve your law firm’s efficiency by: Knowing when to grow Hiring a marketing specialist Prioritizing rest Preparing for the future of law Embracing legal technology Discover legal technology...
Law firms have long dealt with the challenge of competing for the best new attorneys coming out of law schools and retaining their rising stars, but the level of associate mobility has reached new heights amid “The Great Resignation” phenomenon in the...
Over the last year, law firms of all sizes, from the largest in the world to small and midsize firms, have pursued funding from multiple rounds of the Payment Protection Program (PPP) . For some, the PPP loans they received were insurance for rough patches that...
As the U2 song goes: “Sometimes you can’t make it on your own.” Alas, such is the case for litigators. Like anyone entering an important relationship, solo and small-firm lawyers seeking co-counsel need to find someone who is compatible, shares...
Summary What is an of counsel relationship? Benefits of an of counsel relationship Ethical considerations Tips for creating of counsel relationships Grow your firm through of counsel relationships Sometimes solo practitioners and small law firms...
Much of the world began to understand the enormous threat of ransomware attacks in 2017, when the WannaCry attack struck some 200,000 businesses across the globe. That notorious example—in which cybercriminals encrypted victims’ data (emails, documents...
For decades, the rule has been clear: non-lawyers may not hold an ownership stake in a law firm. Period. End of discussion. This prohibition has long been codified in state bar ethics guidelines and rules of professional responsibility. Yet recently, the landscape...