GCs urged to act before employees become whistleblowers

By shifting the burden to employers, the Supreme Court’s Murray v. UBS ruling makes it crucial that executives not let employees feel ignored when they report concerns.

By David Weisenfeld • Feb. 23, 2024

61% of organizations faced regulatory proceedings in 2023, report finds

Survey respondents said state and federal regulatory changes are contributing to fears about increased exposure to regulatory disputes, according to Norton Rose Fulbright.

By Lyle Moran • Feb. 13, 2024

Law firms raised rates 6.5% to close 2023, report finds

Outside counsel also reduced their growth in expenses, which helped firms achieve profitability last year, according to Thomson Reuters.

By Lyle Moran • Feb. 12, 2024

Nearly 70% of law firm professionals use legal analytics

An expectation from clients that law firms use analytics tools is helping drive adoption, a LexisNexis and Lex Machina report found.

By Lyle Moran • Feb. 7, 2024

Data breach class actions are on the rise, report finds

The data breach cases also presented difficulties for the courts around issues of standing and uninjured class members, the Duane Morris report found.

By Lyle Moran • Feb. 6, 2024

42% of legal teams face cost-cutting mandates, ACC survey finds

One way many legal departments are aiming to reduce spending is by improving the efficiency of their operations.

By Lyle Moran • Jan. 30, 2024

2024 in-house legal outlook series: GCs, CLOs ready for hard decisions

Legal leaders look at practical generative AI use cases and get tough on outside counsel spend, among other priorities this year.  

By Lyle Moran and Robert Freedman • Jan. 29, 2024

Outside counsel management is a growing focus for in-house legal teams

An emphasis on cost control is prompting legal departments to scrutinize law firm rate requests and examine shifting work to other providers who cost less.

By Lyle Moran • Jan. 29, 2024

Law firm security breaches are fairly common, survey finds

The tech decision-makers surveyed said improved training and technology would help their law firms become better prepared to address cybersecurity threats.

By Lyle Moran • Jan. 22, 2024

A CLO’s GenAI prediction: We’ll lean into it — and our humanity

A human-centric, converged approach to harnessing new technology is what will truly make 2024 in-house counsel’s time to shine.

By Shana Simmons • Jan. 18, 2024

Legal teams advised to review outside counsel staffing

Legal operations units can serve as watchdogs to see if additional members of a law firm are added to submitted bills, according to Thomson Reuters. 

By Lyle Moran • Jan. 16, 2024

40% of GCs expect to increase outside counsel spending

Amid increasing matter volumes, many corporate law departments are struggling with capacity and need the assistance of external law firms, a Thomson Reuters report said. 

By Lyle Moran • Jan. 12, 2024

6 in-house legal trends to watch in 2024

AI, labor, antitrust, bankruptcies, women GCs and cross-collaboration are among the headlines in-house counsel can expect this year.  

By Lyle Moran and Robert Freedman • Jan. 9, 2024

Should you sue your lawyer for malpractice? Four questions to ask

If a lawyer’s bad conduct harms your company, a malpractice suit may be a great way to make your company whole. 

By Bill Zapf and Matt Kaiser • Jan. 5, 2024

Largest law firms charge nearly $1,000 an hour, report finds

The 4.8% rate increase through Q3 2023 was more than triple the bump last year among the Am Law 100, according to a Brightflag report.

By Lyle Moran • Dec. 11, 2023

Are law firms ignoring their most critical assets?

The path to a more diverse and inclusive legal market is wide open, and firms must act intentionally to achieve meaningful change. 

By Catherine Krow • Nov. 29, 2023

Pushing back against outside firms’ rate hikes starts with data

Data can help legal teams show outside firms they’re asking for too much money, billing specialists say.

By Robert Freedman • Nov. 29, 2023

Law firms raised rates 6.3% in Q3, report finds

Demand also ticked up slightly and firms reduced associate hiring to slow expense growth, according to the Thomson Reuters Institute.

By Lyle Moran • Nov. 22, 2023

66% of legal teams are bringing more work in-house

Meanwhile, one in four legal departments expect to decrease the number of law firms they use, a report from ACC and Everlaw found.

By Lyle Moran • Nov. 21, 2023

How AI can level the playing field among law firms

AI will undoubtedly help to erode the competitive barriers that have long entrenched big law firms at the top.

By Richard Robinson • Nov. 17, 2023

60% of in-house counsel expect law firms to use generative AI

Most corporate lawyers want to know if their outside firms are using tools such as ChatGPT and they want some say in the matter, according to a LexisNexis survey.

By Lyle Moran • Aug. 25, 2023

Rate hikes, demand growth boosted law firm profits in Q2

The 5.9% rise in rates year-over-year outpaced the torrid start to 2023. Additionally, countercyclical practice areas such as bankruptcy saw strong demand, according to Thomson Reuters.

By Lyle Moran • Aug. 15, 2023

How AI can help with legal spend management

Legal departments can use emerging AI-powered technology to determine what is a reasonable amount of time for outside counsel to spend on certain tasks. 

By Lyle Moran • Aug. 9, 2023

Leading law firms shift to handling more transactional work

The strongest performing firms have also seen litigation make up a declining share of their overall practices, a Thomson Reuters report found.

By Lyle Moran • July 13, 2023

Most legal departments use discounted hourly rates, survey finds

Capped fees and blended hourly rates are less common, though larger in-house teams more frequently deploy a variety of billing approaches.

By Lyle Moran • July 11, 2023