LexisNexis® Legal Newsroom
    7 Tips to Manage Your Legal Spend

    Recent surveys reveal that the second greatest challenge faced by corporate law departments is controlling their budgets, with a large part of the struggle attributed to spending on outside counsel. With increasing demand for legal services, rising law...

    Milking a Cash Cow

    With all of the reporting capabilities of sophisticated time and billing systems, it is easy to lose sight of the most basic rule of law firm economics: Cash in must exceed cash out. To that end, one of the most valuable assets any business can have is...

    What Good is a Litigation Budget?

    The first in a series of articles about how to reduce litigation costs while getting better results. The following is adapted from Chapter I.B of Bensen & Myers on Litigation Management . There is probably no other part of the litigation process...

    Does Bringing this Suit Make Sense?

    The second in a series of articles about how to reduce litigation costs while getting better results. The following is adapted from Chapter I.C of Bensen & Myers on Litigation Management . Once the pertinent facts and applicable law are analyzed...

    LexisNexis Tips Series: Mastering the Basics of Alternative Fee Arrangements

    Rising client demand for alternative fee arrangements (AFAs) has forced an increasing number of law firms to move away from the hourly billing model. In many respects, firms are implementing AFAs in rather entrepreneurial fashion without benefit of proper...