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
Continue Reading LexisNexis CounselLink Report: Law Firm Partner Rates up 4.5% in 2022
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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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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Four key non-legal areas general counsel can focus on to assist with recessionary pressures, and the tools that can help.
Continue Reading GCs Must Reinvent
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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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.”
Continue Reading UK's Apperio Raises $7 Million, Eyeing Broader Functionality and US Expansion
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
Continue Reading Eyeing U.S. Expansion, Legal Spend Management Company Apperio Raises $7M Growth Round
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.
Continue Reading Making Sense of Legal Spend
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
Continue Reading The Legal Market: Continued Diversification and Segmentation
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
Continue Reading Lexis 2022 CounselLink Report: Partner Rates and Panel Consolidation Continue to Rise