The keen eyed among you have spotted a double hire for Fulcrum GT in the past few weeks, one in the US and one UK. The Chicago-headquartered ERP has hired […]
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Product Insights: Fulcrum GT launches legal spend management marketplace RAPIDx
We spoke to Dino Eliopulos, Fulcrum GT’s vice president of innovation and solutions, about how Fulcrum’s new marketplace-style network will modernise and automate source-to-pay. Fulcrum GT in August unveiled its …
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Legal Tech Rundown Part 1: Aderant Launches AI Chatbot, Latham & Watkins' Web3 Venture, and More
An update on the legal tech market’s past few weeks, from product launches to new partnerships.
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The Rising Cost of Legal Services: Insights from 10 Years of Data from CounselLink’s Kristina Satkunas
Our guest this week is Kristina Satkunas, Director of Analytic Consulting at LexisNexis. Kristina discusses the recently released LexisNexis CounselLink Enterprise Legal Management Trends Report for 2023. This annual report provides insights and benchmarks on key metrics related to corporate legal spending and outside counsel relationships.
The 2023 report found that law firm hourly rates increased 4.5% over the
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LexisNexis CounselLink Report: Law Firm Partner Rates up 4.5% in 2022
Today LexisNexis® CounselLink released its 2022 Annual Trends Report. The unstable economy and a tighter legal market have not caused law firms to pull back on billing rates. To the contrary law firm partner billing rates rose faster last year than they have in a decade.
The average partner rate increased by 4.5% (compared to 3.4% in 2021 and 3.5% in
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Aderant enters strategic partnership with UK legal spend analytics provider Apperio
Aderant today (8 February) announces a strategic partnership with London-based legal spend analytics and matter management provider, Apperio. The two companies plan to deliver a solution that law firms can leverage to …
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Report: Calling time on the billable hour in the UK
LexisNexis UK has released a new report that looks at why almost half of all external legal spend is now taking place through alternative fee arrangements such as flat or …
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GCs Must Reinvent
Four key non-legal areas general counsel can focus on to assist with recessionary pressures, and the tools that can help.
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Apperio raises $7m to accelerate product development and US expansion
UK-headquartered legal spend analytics and matter tracking software vendor Apperio announced today (10 January) that it has raised a $7 million growth round of venture capital funding. The company will …
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UK's Apperio Raises $7 Million, Eyeing Broader Functionality and US Expansion
David Eldridge, Apperio’s non-executive chairman, said the company “will use the funding to further develop its product for corporate counsel and meet the growing demand for new functionality from law firms. Apperio will also accelerate its expansion to the U.S. market.”
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Eyeing U.S. Expansion, Legal Spend Management Company Apperio Raises $7M Growth Round
The London-based company Apperio, which provides legal spend analytics and matter tracking software, said today it has raised a $7 million growth round of venture capital funding. It will use the funding to further develop its product for corporate counsel, meet growing demand from law firms for new functionality, and accelerate its expansion to the U.S. market.
The announcement
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Making Sense of Legal Spend
Incorporating AI into standard invoice coding gives legal departments more visibility into legal spend and the ability to more accurately predict future budgets based on the true cost of legal work.
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The Legal Market: Continued Diversification and Segmentation
All too often, we think of the legal market, especially for law firms, as being composed of BigLaw or at least lawyers that bill by the hour.
The truth is, though, that today’s legal marketplace is composed of various segments. These segments have business models and goals that are so different that they might as well be thought of
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Lexis 2022 CounselLink Report: Partner Rates and Panel Consolidation Continue to Rise
Today Lexis is releasing the 2022 CounselLink Enterprise Management Trends Report. When it was established in 2013 the report included six key metrics. In recognition of the increasingly global legal market, the study now includes a seventh metric which covers hourly billing rates for Partners in countries located outside the US. The insights in this year’s trends report are
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