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Lars Bauer

Sorry Westlaw and Lexis - The Days of Passing Charges to Clients Are Numbered | 3 Geeks... - 0 views

  • Over the past 25+ years, the model of passing through the expense of online legal research to the client created a system where operating profits for the vendor were over 30%, and law firms felt immune to the total costs of using online research. Clients were paying the majority of the costs of online research, but had no voice in setting the price negotiated between firms and the vendors.
  • At one time, it was common for firms to charge clients more than they were paying the vendor for the online research product, and were able to make an additional profit. When the Model Rules of Professional Conduct prohibited these charges with Rule 1.5, many firms implemented a 100% recovery model where online resources could only be used if the charge could be passed to the client.
  • ost say that over the past 10 years, the percentage that the firm is paying out of pocket has steadily increased from under 10% out of pocket costs, to now almost 50% out of pocket cost.
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  • Firms are now scrambling to cut costs of online resources by either cutting subscriptions, or going back to models requiring that online resource tools only be used when that cost can be passed through to the client. With firms now considering alternative fee arrangements with clients, the model of passing online research costs to clients will come under even more scrutiny.
  • Alternative fee agreements and the general move away from the generic hourly-billing rate will mean that firms will need to have a different negotiating strategy with the online legal research vendor. No longer will online research be seen as a pass-through cost to the client. Because the client will not be paying the attorney by the hour, they will not buy the idea that online charges are saving them money because it saves the attorney time. Clients will say that firms will need to bear the burden of the online research because, if it truly saves them time, then that means they should be able to spend less time on the client’s matter, thus the savings is really a benefit to the firm.
  • Those 30% profit margins are not sustainable as alternative fees become a larger percentage of how law firms generate revenue.
Lars Bauer

InsideLegal.com - 0 views

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    "InsideLegal.com is the insider's guide to doing business in legal technology - both in the US and internationally - for legal technology thought leaders, vendors, consultants/technologists and law firm innovators. In addition to information on industry events, publications and personalities, InsideLegal.com focuses on legal technology industry market research and trends. InsideLegal.com was founded by JoAnna Forshee of Envision Agency."
Lars Bauer

Nina Platt Consulting Inc. - 0 views

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    "At Nina Platt Consulting, Inc., we provide strategic services to both law firms and legal information and software vendors. Our work focuses on library/knowledge management and market research/competitive intelligence for law firms and market research/competitive intelligence and product development for legal information and software vendors."
Lars Bauer

Shook, Hardy & Bacon Selects Recommind for Firmwide Information Management | Reuters - 0 views

  • Recommind, a leading provider of enterprise search, automatic categorization and eDiscovery systems for enterprises and law firms, today announced that Shook, Hardy & Bacon, a top international law firm, has chosen Recommind's MindServer(TM) Legal platform to power its internal information retrieval system. The MindServer Legal platform enables Shook, Hardy & Bacon's partners, associates, analysts, and paralegals in nine offices around the world to more effectively search, access and manage information to support client objectives in a cost-effective manner.
  • "We selected Recommind's MindServer Legal platform because our lawyers, analysts, and legal staff found it intuitive to use, identifying not only relevant documents and files, but also the on-point expertise of individual lawyers and analysts in the firm," said John Anderson, CIO at Shook, Hardy & Bacon. "In comparison with other platforms, Recommind's platform was more effective and will take employees less time in the searching process, leaving more time for clients."
  • Shook, Hardy & Bacon has chosen to deploy the following MindServer Legal components: -- Enterprise Search, which utilizes powerful, concept-based search capabilities to connect relevant information in document management, records management, portal and e-mail systems and myriad other applications and databases with the attorneys that need it. -- Matters & Expertise which provides a comprehensive, firm-wide view of matters, deals, cases, and the vast array of expertise contained within a firm by tapping into a variety of information sources such as time and billing systems, CRM applications, intranets, internal firm databases and other information repositories.
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  • Shook, Hardy & Bacon L.L.P. is an international law firm with a legal legacy spanning more than a century. Established in Kansas City in 1889, today the firm has grown to more than 1,507 employees worldwide, with 502 attorneys and 262 research analysts and paraprofessionals. Many of the research analysts hold advanced degrees, in biochemistry, neuroscience, engineering, genetics and physiology. The firm has nine offices strategically located in Geneva; Houston; Kansas City, Missouri; London; Miami; Orange County, California; San Francisco; Tampa, Florida; and Washington, D.C.
  • Recommind customers include the Australian Government, Bertelsmann, BMW, Cleary Gottlieb, Davies Arnold Cooper, Lewis Silkin, Novartis and Shearman & Sterling. Recommind is headquartered in San Francisco and has offices in New York, Chicago, Boston, Atlanta, London, and Bonn, Germany.
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    Tue Jan 22, 2008 8:01am EST
Lars Bauer

Legal Research Metrics & Ethics: $499 a Year Or $825 an Hour? | 3 Geeks and a Law Blog ... - 0 views

  • But, I think there are some that are suddenly realizing that the decision to go online only for some types of research tools, such as treatises, was not the best decision in the long run.
  • On top of this, I'm also wondering if there is an ethical line that we've crossed along the way by charging the client back for the online version of the treatise when we would not charge for researching the print version.
  • First of all, is it fair for an online provider to charge a standard rate of $825.00 an hour for an online treatise that you can purchase for $499.00 a year for the full print version? Secondly, is it fair for firms to pass the cost of these online charges (granted, some have deep discounts, so it could only be $100.00 an hour) on to the client when they would not pass along the same charges for using the print version?
Lars Bauer

WorldOne Research, LexisNexis Technology Gap Survey (2009) [PDF] - 0 views

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    "A national survey of legal professionals found that while technology is widely embraced among attorneys, significant gaps exist among generations regarding its use and application in the workplace. The newly released Technology Gap Survey found generational differences in the effect of technology on workplace etiquette, the blurring boundaries between personal and professional tasks, and the impact of technology overload. The survey - commissioned by LexisNexis, a leading provider of content-enabled workflow solutions - examined the impact of technology in the legal workplace." (beSpacific)
Lars Bauer

Slaw - 0 views

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    Slaw is a cooperative Canadian weblog on things legal.
Lars Bauer

Law Librarians: 'No More Sacred Cows' | by Alan Cohen, The American Lawyer, Sep 3, 2009... - 0 views

  • Last year only 9 percent of respondents said their budgets had shrunk. This year it was a whopping 46 percent. Staff reductions have also become the norm, with 57 percent of firms paring their library payroll, up from 18 percent in 2008.
  • are being asked to become detectives of a sort, tracking, graphing, and reporting on their firm's use of every research tool.
  • Perhaps it's no wonder, then, that we noticed an uptick in librarian dissatisfaction.
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  • Last year just 7 percent of librarians mostly or totally disagreed with recent decisions made regarding the library. This year the figure was 16 percent. Similarly, in 2008, a mere 3 percent were dissatisfied with their job. In 2009, 8 percent were unhappy.
  • One might think that the library's continued work in assisting marketing efforts -- 62 percent of respondents said the library is their firm's main source for marketing research -- might upset librarians trained to research statutes and legal issues. But the problem isn't the work, say several library chiefs; it's the recognition that comes with it. Or more often, doesn't come.
  • Still, librarians have become tougher, more successful negotiators when it comes to renewing contracts with publishers -- thanks in no small part to the metrics they get from new tracking software.
  • now there's commercially available tracking software -- like Onelog, from the U.K.-based company Info Technology Supply Ltd., and Advanced Productivity Software LookUp Precision.
  • A third package mentioned by some library chiefs was Research Monitor from Priory Solutions.
  • costs for electronic re­sources other than LexisNexis and Westlaw rose in 2008, with the average firm spending just over $1 million, compared to some $929,000 in 2007. (Lexis and Westlaw spending decreased slightly.)
  • it's no shock that more firms are starting to ask a question that, up until now, seemed almost blasphemous: Lexis or Westlaw? Last year just 12 percent of firms said they intended to move to a single-vendor strategy. This year, 31 percent did.
  • Multimillion-dollar knowledge management systems were something that more than a few firms invested in. Newer platforms, such as Microsoft SharePoint -- which five library chiefs praised as a tool that made their work easier and three more planned to launch in 2010 -- just do it better. "SharePoint lets us splice and dice pieces of information, creating all these little repositories without going through IT or ten years of programming," says one library head. "You want to create a database full of Madoff stuff? There, it's done. And anyone can access it through a Web browser."
  • Five other firms gave a shout-out to Ozmosys' eponymous service, which helps them provide personalized news delivery to users.
  • Debevoise started using Ozmosys last September. Since then, some 500 of the firm's 750 attorneys have signed up for the service.
  • The Full Survey: The Librarian's Expanding Role Electronic Resources Staffing Finances
Lars Bauer

Researching Law Office Technology: Selected Resources - 2 views

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    "Following are resources, both print and web-based, that can help with the often difficult task of finding legal technology solutions for use in your law office and for managing your practice."
Lars Bauer

Lextek - Chicago Lawyer's Tek Talk - 0 views

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    "LexTek is the technology blog for the Chicago Lawyer magazine. You can find the Chicago Lawyer online at http://www.chicagolawyermagazine.com. The Chicago Lawyer is a publication of Law Bulletin Publishing Company. Paul Zelewsky is the Editor, New Media responsible for LexTekReport. David Glynn, Director of Research & Product Development at the Law Bulletin Publishing Company is responsible for its creation and adding bytes of information regarding legal technology with a focus on Chicago lawyers. Hilary Fosdal is the associate new media editor at the Law Bulletin Publishing Company."
Lars Bauer

The Running Librarian: Will Law Libraries ever be the same again? - May 15, 2010 - 0 views

  • That Cameron McKenna is outsourcing their support services isn't surprising given that most Law Firms have outsourced some element of their support services in the last couple of years. The surprise is the scale of the outsourcing, which will affect ALL support services, including Knowledge Management and Library Services.
  • As reported in Legal Week and The Lawyer. Cameron McKenna have signed a deal with Integreon (the global outsourcing company) which will see ALL support services outsourced to Integreon.
  • As most Law Librarians are aware Library Services from a number of Law Firms have already outsourced their work to Integreon, these firms include Osborne Clarke, Beachcroft and TLT Solicitors.
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    CMS Cameron McKenna have signed a record-breaking outsourcing agreement with knowledge solutions firm Integreon to provide services valued at £583 million. It includes substantial portions of accounting and finance, human resources and training, marketing and communications, learning and development, library and information services, research, information technology, facilities and other services.
Lars Bauer

The Law Goes Open Source - Forbes.com - 0 views

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    by Daniel Fisher, Juny 5, 2008, Forbes Magazine June 30, 2008
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