Spend Management and E-Billing

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 …
Product Insights: Fulcrum GT launches legal spend management marketplace RAPIDx  Read More »
The post Product Insights: Fulcrum GT launches legal spend management marketplace RAPIDx  appeared first on Legal
Continue Reading Product Insights: Fulcrum GT launches legal spend management marketplace RAPIDx 

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
Continue Reading The Rising Cost of Legal Services: Insights from 10 Years of Data from CounselLink’s Kristina Satkunas

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 …
Aderant enters strategic partnership with UK legal spend analytics provider Apperio Read More »
The post Aderant enters strategic partnership with UK legal spend analytics provider Apperio appeared first
Continue Reading Aderant enters strategic partnership with UK legal spend analytics provider Apperio

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 …
Report: Calling time on the billable hour in the UK Read More »
The post Report: Calling time on the billable hour in the UK appeared first on Legal
Continue Reading Report: Calling time on the billable hour in the UK

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 …
Apperio raises $7m to accelerate product development and US expansion Read More »
The post Apperio raises $7m to accelerate product development and US expansion appeared first on Legal
Continue Reading Apperio raises $7m to accelerate product development 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.”
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

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