“Lawyers want one place to go for the answer. And the answers have to be definitive.” That was the simple answer provided by Simpson Thatcher’s Director of Knowledge Management, Tanisha Little, when asked what it means to have a single source of truth. Getting there, however, is not so simple, but a panel discussion at Litera’s Changing Lawyer Virtual Summit 2021 entitled...

You wouldn't expect to see Gordon Ramsay cutting into a perfectly cooked beef wellington with a cheap knife he picked up at the grocery store. Danica Patrick wasn't winning NASCAR races in a street-legal daily commuter car. Artists, skilled craftspeople, artisans, and athletes all bring phenomenal talent and years of dedicated effort to their work. But they don't stop...

Last week's blog, on the importance of Data Governance, looked at how and why law firms use data. We stressed how essential it is to have a Data Governance plan, not only for safeguarding the data you collect, but also to use it to improve the business of law. For many law firms, this will entail combining and analyzing multiple streams of data within their firm to...

You can have the best Legal Project Management strategy and team in the world, but without adoption they will have little impact on your firm's profitability or operations. This week, we offer advice on mapping stakeholders and communicating for better adoption. As ever, this series is designed to be a practical guide so we will be sharing tips and tools gathered during...

A survey performed by LexisNexis as recently as 2018 found that 74% of mid-sized firms in the UK do not measure the ROI for investments in technology. This is in spite of the fact that 87% believe that technology contributes to profit growth to 'some extent'. Plainly, these two statistics are at the heart of a conundrum facing the legal world. On one hand, we see an...

Humans, generally speaking, do not enjoy change. Our desire to avoid it is well documented . Most of us will walk the same route to work each day. We will order our favorite food from a takeaway restaurant, rather than try something new. We find the familiar comforting. However, most of us are also aware that change is necessary. Essential even. In law firms change has...

Data collection and analysis is essential to the long term success of your business. Whether it be profitability analysis or looking for ways to improve processes, data guides the process. However, data analysis is not something to jump into blindly. While working on drawing meaningful conclusions from your data, you are likely to encounter many challenges. It may be...

It has been over a decade since the term 'Legal Project Management' began to crop up in job adverts, at legal conferences, and on Request for Proposals. Since then, legal project management has grown in answer to the myriad of challenges facing modern legal teams. A combination of increasing transparency towards clients (and all the reporting that goes with it), in...