Free press releases distribution network?

Agency / Source: LexisNexis (a division of Reed Elsevier Inc.)

Check Ads Availability|e-mail Article
This article was published free of charge. Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



LexisNexis CounselLink Releases the 2018 Enterprise Legal Management Trends Report - Report highlights six key metrics that can inform corporate law department decision-making, in addition to other legal industry trends and insights - CounselLink.com / LexisNexis.com
LexisNexis CounselLink Releases the 2018 Enterprise Legal Management Trends Report

 

PRTODAY - Newswire & PRZOOM/ - Raleigh, NC, United States, 02/27/2018 - Report highlights six key metrics that can inform corporate law department decision-making, in addition to other legal industry trends and insights - CounselLink.com / LexisNexis.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

CounselLink® Enterprise Legal Management Trends Report is now available. Now in its sixth edition, the Trends Report pulled from an even larger stream of data this year. Derived from a detailed analysis of invoices processed through the CounselLink Enterprise Legal Management (ELM) solution, this resource has allowed law departments to gain an understanding of current legal metrics trends and benchmark their performance against other organizations.

The newly released report highlights six key metrics based on 2017 charges billed by outside counsel, such as billing rate trends and growth areas, alternative fee arrangement usage, and law firm panel consolidation. Insights are based on data from over $30 billion in legal spending, almost seven million invoices, and approximately 1.7 million matters processed through the CounselLink platform.

“I try to help our customers take advantage of the wealth of data that’s captured within CounselLink,” said Kris Satkunas, Director of Strategic Consulting for CounselLink and author of the Trends Report. “The Trends Report is based on $30 billion of data that we mine out of the system and present back to customers with key insights on trends that we are seeing within the industry.”

Key findings in this year’s report include:

• Continued increase in the gap between partner hourly rates for “largest 50” firms and the “second largest” firms. Firms with more than 750 lawyers have billable rates that are 45% higher than the next tier of firms (501-750 lawyers).
• Higher and more widespread rate increases than in previous years. Five major cities show rate growth of 4.0% or more.
• Stabilization of law firm panel consolidation. 60% of companies in the data pool have 10 firms or fewer accounting for at least 80% of outside counsel fees.

“The Trends Report is just one way we help legal departments become more data-driven,” said Satkunas. “The powerful legal comparative and cost-analysis database in CounselLink provides the tools and data needed to accurately benchmark and analyze performance, and our strategic consulting services are designed to help clients improve performance, optimize business process and better leverage the value of data and analytics.”

The CounselLink solution is an ELM software suite for legal spend management, matter management, legal hold, and analytics. It has earned an industry reputation for enabling corporate law departments to use data effectively as a basis for improving legal department performance and outcomes. Hyperion Research recently recognized the innovations CounselLink has brought to the market, awarding two “Market Leader” designations and two “Highly Innovative” distinctions.

About LexisNexis® CounselLink®

CounselLink (counsellink.com) is a leading cloud-based software solution for Enterprise Legal Management (ELM), including matter management, legal spend management and legal hold solutions designed to help corporate legal departments manage operations while providing analytics and benchmarking tools for better decision-making. Expert professional services and product support teams are available to help users maximize the benefits of their investment. CounselLink also offers tiered package options to address the unique requirements of both large and small legal departments.

About LexisNexis Legal & Professional
LexisNexis Legal & Professional (lexisnexis.com) is a leading global provider of legal, regulatory and business information and analytics that help customers increase productivity, improve decision-making and outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 130 countries with 10,000 employees worldwide, is part of RELX Group, a global provider of information and analytics for professional and business customers across industries.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: LexisNexis (a division of Reed Elsevier Inc.)

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRTODAY - Newswire Distribution Service Visibility Checker

 

Distribution / Indexing: [+] [Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


LexisNexis CounselLink Releases the 2018 Enterprise Legal Management Trends Report

Non-featured company website links are shown on a random basis
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRTODAY - Newswire Distribution Service and LINK as the source.
 
  For more information, please visit:
Links are available on a random basis for non premium members
LexisNexis CounselLink |
Contact: Meghan Frank - LexisNexis.com 
919-745-6543 meghan.frank[.]lexisnexis.com
 
Newswire Today - PRZOOM disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.

Financial/Legal/Venture via RSS
AddThis press release: LexisNexis CounselLink Releases the 2018 Enterprise Legal Management Trends ReportAdd Financial/Legal/Venture News to My MSNAdd Financial/Legal/Venture News to My Yahoo!Add NewswireToday Financial/Legal/Venture Press Release Headline News to Your Google homepage or Google ReaderAdd NewswireToday - PRZOOM Headline News to FeedBurner

This article was published free of charge. Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read More Articles From LexisNexis (a division of Reed Elsevier Inc.) / Company Profile



Read Financial/Legal/Venture Most Recent Related Press Releases:

Sara Stiles Promoted to Regional Sales Consultant At TRA
The Retirement Advantage, Inc. Acquires Markley Actuarial Services, Inc.
Societe Generale Named 'Distinguished Provider' for its Correspondent Banking Services in Euros by FImetrix
CloudNine Acquires eDiscovery Product Lines from LexisNexis
Elite Capital & Co. Awarded Infrastructure Project Finance Provider 2018 by New European Economy
The Retirement Advantage, Inc. Acquires Applied Plan Administrators, LLC
Societe Generale Corporate & Investment Banking Created A Unified Quantitative Research Group which Includes Quant, Index and ETF Experts
LexisNexis and Lex Machina Named Legal A.I. Leaders In National Law Journal’s Inaugural List
TRA Acquires Actuarial Consulting Services
LexisNexis CounselLink Recognized in Hyperion Research Report as a Leading Enterprise Legal Management Solution

Reserve This Permanent SPACE

Your LOGO permanently HERE on PRTODAY - Newswire Distribution Service most visited Page start at $295 per month

 
Sponsored Links


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com

Visit  JobsWare.com





Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



 
  ©2014 PRTODAY — Limelon Advertising, Co.
Home | About PRTODAY | Advertise | Contact | Investors | Sitemap | FRANCAIS
newswire, PR free press releases distribution magazines engine news alert newsroom press room breaking news public relations articles company news alerts blogsIt younews.me newswiredistribution ezine younews.asia bizentrepreneur biznewstoday digital business report news market search pr firms pr agencies business reports newswire today distri- bution investor relation successful internet entrepreneur free newswire distribution prtoday freenewswiredistribution.com asianewstoday bizwiretoday newswire pr today
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)