With a heavier focus on staff composition, workload allocation, and legal technology spending, the 5th Law Department Management Benchmarking Report gives law department leaders a better understanding of current financial and operational performance metrics and areas for potential improvement. https://bit.ly/3L1J60Z #mlaglobal #legaltechnology #legalcareers
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Managing Director in Major, Lindsey & Africa's New York Office | Legal Search for Private Equity & Private-Equity Owned Companies | Legal Career Consultant for Financial Services & Legal | Advocate for Women & Leadership
A critical tool for your legal department. Who better to benchmark legal department metrics than MLA and ACC? Please reach out to me if you did not receive this document by email today, or if you have specific questions. A benchmark report often spurs particularized questions, which I am happy to answer.
With a heavier focus on staff composition, workload allocation, and legal technology spending, the 5th Law Department Management Benchmarking Report gives law department leaders a better understanding of current financial and operational performance metrics and areas for potential improvement. https://bit.ly/3L1J60Z #mlaglobal #legaltechnology #legalcareers
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For the fifth year in a row, MLA has partnered with the Association of Corporate Counsel to bring you the Law Department Management Benchmarking Report. The 2024 report is chock full of information on legal department staffing and structure, spend, work allocation, law firm and ALSP usage, technology, and diversity metrics. Based on responses from nearly 421 legal departments in 32 countries it encompasses a wide set of data across industries. Available for download off our website. #mlaglobal #benchmarking #legaldepartmentmanagement #generalcounsel
With a heavier focus on staff composition, workload allocation, and legal technology spending, the 5th Law Department Management Benchmarking Report gives law department leaders a better understanding of current financial and operational performance metrics and areas for potential improvement. https://bit.ly/3L1J60Z #mlaglobal #legaltechnology #legalcareers
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I am pleased to share the results of Major, Lindsey & Africa’s 5th annual collaboration with ACC on law department benchmarking. Our firm has long been a leader in benchmarking metrics, running our own survey for a decade prior to this, but the current survey delves into some new important areas including AI. Please let me know if you want to schedule some time to discuss the rich data presented here and putting it into some historical perspective.
With a heavier focus on staff composition, workload allocation, and legal technology spending, the 5th Law Department Management Benchmarking Report gives law department leaders a better understanding of current financial and operational performance metrics and areas for potential improvement. https://bit.ly/3L1J60Z #mlaglobal #legaltechnology #legalcareers
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The Corporate Transparency Act has officially come into force, and a study conducted by CT Corporation indicates that many business and legal experts are yet to be fully ready to adhere to the requirements for reporting beneficial ownership. Is your entity at risk due to the Corporate Transparency Act? Discover how to align with this fresh mandate and essential actions for achieving adherence. Access the details here: https://gag.gl/js9pN5?
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Current financial outlook is accelerating trends and creating new imperative for law firms to embrace long-term sustainable strategies to improve productivity and reduce costs, while also seeking and growing deeper client engagements. A must read.
📢 We're thrilled to be sharing our brand-new research around accelerating legal support services - out now! In this 5-report series, we've analyzed responses from 825 law firm leaders in the UK & NA to understand the impact of diminishing demand and increasing client expectations. Over the coming weeks, we’ll be sharing 5 reports to give exclusive insight into the different challenges surrounding workflow management within law firms during an economic crisis. Access Report One to find out why: ⚙ 26% of firms have already implemented technology specifically to drive efficiency and profit ⚙ 63% of firms are actively highlighting the use of this technology to their clients and potential clients to demonstrate how they are operating efficiently and cost effectively ⚙ 59% of firms are looking to find operational efficiencies through better utilization of staff and expertise Access the report ‘Client Demand is Down, Expectations Up, How are Firms Responding?’ 👉 https://lnkd.in/eJW2YBMD #SupportStaff #WorkflowManagement #LegalResearch #LawFirms #LegalTech
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Chief Marketing Officer | Business Operations Board Member | Group Marketing Strategy & Execution | Digital & Product Marketing | Growth Acceleration Strategy | Marketing Transformation | Women in Tech Champion
#Proud to get this research out the door and into the hands of the wider legal technology community. As we analyzed the data, a lot of the key trends weren't overly surprising, but the depth of the challenges were! - 75% of respondents said they had a drop in demand in the past 12 months - 75% also said they expect this to further decline over the next 12 months - 61% have reduced their prices to keep their clients happy BUT in contrast 30% have raised prices, beyond their standard rates! There are plenty more insights like this within the report, so grab a ☕ and have a read! PS. I reckon I know the data so well it could be my specialist subject on mastermind! 😁 #legalindustry #legaltrends #LegalClients #LegalMarketResearch #legaltech #marketresearch
📢 We're thrilled to be sharing our brand-new research around accelerating legal support services - out now! In this 5-report series, we've analyzed responses from 825 law firm leaders in the UK & NA to understand the impact of diminishing demand and increasing client expectations. Over the coming weeks, we’ll be sharing 5 reports to give exclusive insight into the different challenges surrounding workflow management within law firms during an economic crisis. Access Report One to find out why: ⚙ 26% of firms have already implemented technology specifically to drive efficiency and profit ⚙ 63% of firms are actively highlighting the use of this technology to their clients and potential clients to demonstrate how they are operating efficiently and cost effectively ⚙ 59% of firms are looking to find operational efficiencies through better utilization of staff and expertise Access the report ‘Client Demand is Down, Expectations Up, How are Firms Responding?’ 👉 https://lnkd.in/eJW2YBMD #SupportStaff #WorkflowManagement #LegalResearch #LawFirms #LegalTech
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Setting your most profitable path ✦ Sector analysis ✦ Campaigns ✦ Pitch Research ✦ Competitor Intelligence ✦ Client feedback ✦ Business and client development
The key takeaway from BigHand's survey of UK and US firms - adaptation to cost scrutiny is paramount. This year: ◼️ 58% of firms have improved their model for pitching ◼️29% are focusing on building relationships rather than raising prices ◼️63% of firms are actively highlighting the use of technology to their clients and potential clients to demonstrate how they are operating efficiently and cost effectively ◼️ 64% are now focusing heavily on allocating work to the right people in response to cost scrutiny from clients https://lnkd.in/ey9UkxvE
📢 We're thrilled to be sharing our brand-new research around accelerating legal support services - out now! In this 5-report series, we've analyzed responses from 825 law firm leaders in the UK & NA to understand the impact of diminishing demand and increasing client expectations. Over the coming weeks, we’ll be sharing 5 reports to give exclusive insight into the different challenges surrounding workflow management within law firms during an economic crisis. Access Report One to find out why: ⚙ 26% of firms have already implemented technology specifically to drive efficiency and profit ⚙ 63% of firms are actively highlighting the use of this technology to their clients and potential clients to demonstrate how they are operating efficiently and cost effectively ⚙ 59% of firms are looking to find operational efficiencies through better utilization of staff and expertise Access the report ‘Client Demand is Down, Expectations Up, How are Firms Responding?’ 👉 https://lnkd.in/eJW2YBMD #SupportStaff #WorkflowManagement #LegalResearch #LawFirms #LegalTech
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I cannot tell you the value I've discovered in these reports. They provide a view of the current situation faced by law firms and previous reports allow reveal the trends in the industry. Very helpful to those trying to plan for an uncertain future.
📢 We're thrilled to be sharing our brand-new research around accelerating legal support services - out now! In this 5-report series, we've analyzed responses from 825 law firm leaders in the UK & NA to understand the impact of diminishing demand and increasing client expectations. Over the coming weeks, we’ll be sharing 5 reports to give exclusive insight into the different challenges surrounding workflow management within law firms during an economic crisis. Access Report One to find out why: ⚙ 26% of firms have already implemented technology specifically to drive efficiency and profit ⚙ 63% of firms are actively highlighting the use of this technology to their clients and potential clients to demonstrate how they are operating efficiently and cost effectively ⚙ 59% of firms are looking to find operational efficiencies through better utilization of staff and expertise Access the report ‘Client Demand is Down, Expectations Up, How are Firms Responding?’ 👉 https://lnkd.in/eJW2YBMD #SupportStaff #WorkflowManagement #LegalResearch #LawFirms #LegalTech
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Our new market research is here! Find out how over 850 legal leaders are changing how they structure and operate their legal support services to meet increasing client demands for cost effective legal services. We've broken down our research into 5 reports each addressing key industry trends and challenges, which will be released across the coming weeks. First up is Report One 'Client Demand is Down, Expectations Up, How are Firms Responding?'. Access it here: https://lnkd.in/eXHFPzHq Let us know if these findings resonate with your firm! Huge well done to everyone involved in bringing this research to life. #SupportStaff #WorkflowManagement #LegalResearch #LawFirms #LegalTech
📢 We're thrilled to be sharing our brand-new research around accelerating legal support services - out now! In this 5-report series, we've analyzed responses from 825 law firm leaders in the UK & NA to understand the impact of diminishing demand and increasing client expectations. Over the coming weeks, we’ll be sharing 5 reports to give exclusive insight into the different challenges surrounding workflow management within law firms during an economic crisis. Access Report One to find out why: ⚙ 26% of firms have already implemented technology specifically to drive efficiency and profit ⚙ 63% of firms are actively highlighting the use of this technology to their clients and potential clients to demonstrate how they are operating efficiently and cost effectively ⚙ 59% of firms are looking to find operational efficiencies through better utilization of staff and expertise Access the report ‘Client Demand is Down, Expectations Up, How are Firms Responding?’ 👉 https://lnkd.in/eJW2YBMD #SupportStaff #WorkflowManagement #LegalResearch #LawFirms #LegalTech
