Competitive intelligence has long been a standard practice in industry and in consulting firms, but has only recently begun to come to the fore in private law firms. A variety of business drivers have led numerous law firms to create dedicated CI job positions during the past couple of years.
Law firms’ ways of doing business are changing and are becoming more like a corporation’s. Increased competition for high-end work, consolidation among firms, clients’ reductions of their legal panels and the cost-reduction initiatives of general counsel — such as moving legal business in-house — are all driving the growing need for competitive and market intelligence. Firms are also increasingly focusing on client retention, cross-selling opportunities and growth via lateral hires and acquisition opportunities, all of which require business and market intelligence.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
