I think we will also see
more law firm data breaches which will lead to more investment to address them.
Not exact matches
With a three - year growth rate of
more than 4,000 percent, this
data collection company, which works with businesses and
law firms, reeled in
more than $ 4 million in revenue in 2014.
Graber may know a lot
more about
data breaches than the average lawyer — he is a key lawyer for plaintiffs in the massive
data breach at Anthem Inc. that «compromised the personal identification and health information of
more than 80 million customers of the health care company,» according to the
law firm.
This pattern is
more than a simple by - product of fickle millennial dating culture, it's a common trend that's been labelled «Seasonal Dating Disorder Major online dating site has contacted
law enforcement and high - profile security
firm FireEye to investigate a
data breach.
As to «the smaller the
firm, the less likely they have the resources and skills to properly manage servers and databases, and the
more likely they will be a candidate for a
data disaster», this can be true of
law firms, but it is quite untrue of software
firms whoe are creating the programs we're interested in using.
Legal Compass includes
data on
law firm financials, headcounts, diversity, lateral moves, office trends, practice area changes, news coverage, events and
more.
Poor
data management means
more than a quarter of UK
law firms would be unable to work and could permanently lose their
data if a disaster struck, a new survey shows.
Fuelled by Big
Data, increased computing power and
more effective algorithms (a routine process for solving a program or performing a task), AI has the potential to change the way that legal work is done, the way that
law firms conduct business and the way that lawyers deal with clients.
Chief legal officers and corporate
law department leaders appeared
more eager than their
law firm counterparts to divulge compensation
data this year, with 117 of them participating in the survey.
For the second year in a row, fSquared Marketing has gathered
data on the Canadian legal market, to help
law firms... [
more]
Although mostly detailing Elections Ontario
data about donations made by
law firms to political parties, the... [
more]
The legal industry sits atop one commentator's list of industries that need big
data — and need to understand it.6
Law firms and attorneys are sitting on a gold mine of BI
data and past case
data that can guide decision - making, boost case outcome successes, increase profitability and inform pricing structures, and
more efficiently distribute their human capital.
This puts
more pressure on
law firms to understand where their
data is produced, (if applicable) when and where
data is moved; as well as, who in the
firm has access to stored
data.
At FindLaw, we have
more data about legal consumer behavior than anyone, and your
law firm benefits from that as part of your partnership.
«The future of the legal practice is going to be to do
more and
more strategic partnerships between
law firms and non-legal service providers, and also
more automation,» said co-chair Martin Tully, co-chair of Akerman's
data law practice and located in Chicago.
«With Ringtail,
law firms can provide
more cost - effective e-discovery services to their clients as well as expand into areas like
data analytics, predictive coding and managed review.
Inevitably, as
law firms collect and store
more data, securing this information not only becomes
more difficult, but it also becomes
more important.
It is perhaps the new
law firms that will be able to
more nimbly react to the use of big
data and quickly adapt to the changing market.
Post-Graduation Goals According to the ABA
law graduate employment
data,
more than half of employed
law students choose to work at
law firms, and I would assume that only a small subset of the 14.6 % who choose to go into «Business & Industry» are entrepreneurs.
At Robinson & Yablon, P.C, our personal injury
law firm is responsible for consulting with experts, speaking with key witnesses, investigating manufacturing standards, working with design professionals, gathering medical
data, and
more to build a successful personal injury claim.
Not only will 2018 be the year of big
data in
law; this year, AI will develop beyond repetitive binary decision making into
more nuanced areas, creating a rapidly broadening market of AI opportunities for
law firms to consider as part of their service innovation strategies.
There's some, I know Legal Zoom has some
data that if I'm recalling it correctly says that
law firms actually don't actually get
more efficient until between 10 and 15 people and that there's sort of a jump in efficiency at two or three people and then they get less efficient until you get to 10 or 15 and then you can start taking advantage of some scale, which is interesting and you're sitting right in the middle of there where you can decide do you really want to move it forward and have a business or do you want to keep going and just serving clients without a bigger strategy in mind.
When it comes to solving the problem of a malicious insider, it's a far
more complex game, especially at a
law firm that provides rich pickings for someone intent of selling on proprietary
data for revenge or a big pay - cheque.
We are aware of small
law firms in Virginia that paid $ 1200 and $ 3000 to get their
data back — the damage being... [
more]
If such methods aren't adopted and cyber-security isn't prioritised at board level, then it's all the
more likely
more attacks targeted at
law firms will continue in attempts to obtain the precious
data they possess.
During this webinar from the Legal Technology Resource Center sponsored by Mozy, understand why your
law firm needs to be protecting critical
data, how to do so with the flexibility of the cloud, how to restore your information to any device, and
more.
More law firms are themselves targets of hacks and
data breaches.
On the other hand it is true that digitisation of legal processes, coupled with emerging
data tools, are become
more important in the business of a modern
law firm.
According to
data from
more than 10,000 FindLaw sites, 31 percent of web traffic now comes to
law firm websites through mobile search.
But from Walter's description, the yet - to - be-named product sounds
more like a working environment where
law firms can have access to various AI platforms and various sets of
data, as well as bring in their own
data.
The Cybercrime and
Law Firms issue of LAWPRO Magazine (published Dec 2013) has
more information on the steps you need to take to protect the confidentiality and integrity of the
data on your
firm's systems, computers and other devices.
Allen & Overy (A&O) has become the second magic circle
firm to reveal its gender pay gap
data, with the
firm's report providing
more hard evidence of the disproportionate number of women in lower - paid roles at large
law firms.
Not being a practicing lawyer, I've required
more than a moment to clue into the depth and difficulty of the problems facing
law firms and their clients as a result of all of the current forms of electronic
data, ranging from emails to material on web sites, or blogs for that matter.
The report includes
data from
more than 200 ILTA
law firms of all sizes including: what percentage of
firm revenue they spend on technology; what they purchased last year; what they will be purchasing next year; did their budgets increase or decrease; what vendors gave exceptional customer service; etc..
It requires
law firm leaders to understand that they'll be
more powerful if they share (anonymous)
data with other
firms, in a big bucket that becomes big
data.
«With the lower cost, and unlimited
data storage, this type of tool is now
more attainable for
law firms of all sizes,» Murray said.
Law firms are also resorting to creating informational websites that are much
more like «fishing» sites that collect the personal
data of visitors.
Most
law firms will by now be aware of the latest
data privacy changes, brought about by GDPR — under European
law, email marketing will be subject to
more and stricter regulations.
* In the first quarter 2013, the 50 top - grossing U.S.
law firms boosted their partner rates by as much as 5.7 %, billing an average between $ 879 - 882 per hour, according to Valeo Partners, increases continuing an upward trend in attorney hourly rates from 2012 — when legal fees in general rose 4.8 % and associate billing rates rose by 7.4 % according to a TyMetrix Legal Analytics / CEB report surveying
data from
more than 17,000
law firms.
Though this gender pay
data — which by
law must be released by businesses with
more than 250 employees — doesn't include partners, it's worth mentioning Pinsent Masons is one of few
firms to break its female partner target.
Last year we revealed some of the
more innovative work that Mishcon de Reya is doing in its real estate department in terms of
data extraction and automation and today (12 February) the UK top 35
law firm announced that is has worked closely with MJ Mapp on the inaugural roll - out of automation software for long - standing
firm client AEW UK to redefine the way commercial property tenancies are processed by lawyers and managing agents.
But the danger to a
law firm is not just about your
data «stuff,» it's also about keeping your
law firm running and your... Read
More»
Everyone would like to earn
more business and Hinge Marketing analyzes survey
data that walks
law firm marketing through how consumers choose a legal provider.
What I'm seeing is
more and
more law firms looking introspectively with respect to their own
data security policies and getting better at practicing what they preach.
To explain correlation with real
data, let's hypothesize that the
more equity partners a
law firm has, the
more non-equity partners it is likely to have.
With corporate counsel,
law firms and outside service providers mobilizing to deal with the
data security threat confronting our industry,
more legal professionals are debating the idea of moving to a «hosted» model for managing litigation software and
data.
With corporate counsel,
law firms and outside service providers mobilizing to deal with the
data security threat confronting our industry,
more legal professionals are debating the idea of moving to a «hosted» model for managing litigation... Read More&ra
more legal professionals are debating the idea of moving to a «hosted» model for managing litigation... Read
More&ra
More»
Heather Douglas» post Metrics: Beyond the Billable Hour, suggests that
law firms should measure
more than just billable hours and could make use of the valuable
data gleaned or already in their possession.
Does the LSUC
data indicate what licensees are doing
more of now, if they are not working in
law firms?
As well, the current
data indicates male lawyers are
more likely to be a partner in a
law firm, while female colleagues are counsel for a government ministry of public sector organization.