Credit: Andrey Popov/stock.adobe.com The Trend:
It used to be that the few law firms that were disciplined about data management had a leg up on their competition. But as in-house expectations continue to shift, it may soon be the case that those firms that don't track internal data end up in the minority—and ultimately get left behind.Law.com Trendspotter: Law Firms That Don't Utilize Data Could Get Dumped
At a time when in-house departments are under enormous budgetary pressure and are increasingly requiring some measure of pricing and matter outcome predictability from their outside counsel, it's imperative that law firms are able to show, not tell, exactly how much value they're providing.
August 17, 2021 at 08:00 PM
7 minute read
The original version of this story was published on Law.com
Credit: Andrey Popov/stock.adobe.com
The Trend:
It used to be that the few law firms that were disciplined about data management had a leg up on their competition. But as in-house expectations continue to shift, it may soon be the case that those firms that don't track internal data end up in the minority—and ultimately get left behind.
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