Move to Alternative Fee Arrangements Highlights Need for Efficiency, Transparency

A Bank of America Merrill Lynch white paper, “In Defense of the Bottom Line,” highlights an emerging trend in the legal industry: law firms focusing on cash management practices to enhance their bottom line. The push for alternative fee arrangements with budget-conscious clients is of particular focus. Part of that process is educating employees on efficiency and transparency, two areas that directly impact client satisfaction and communication.

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Highlighting ABA Journal’s Lengthy Examination of the New Legal Landscape

In a long piece entitled “Who’s Eating Law Firms’ Lunch?” authors Rachel Zahorsky and William D. Henderson examine the new reality of the legal industry: lawyers no longer have a monopoly on providing legal services and, as the services and products offered by these new (and often tech-driven) companies diversify, a new set of professionals is emerging to help drive the revolution.

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Technology Is Altering the Way Law Services Are Delivered

Maybe this should be obvious, but in an industry that long has clung to an outdated model of practice, the development of technology changing the way legal services are delivered can be surprising. That’s the conclusion of Morgan Smith at the Cogent Legal Blog after attending a recent event in Portland where he finds the momentum is even greater than he realized.

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Keno Kozie Announces Law Tech Roadshows in Partnership with ILTA

With the legal industry pushing ever-forward in the race to understand and best utilize technology, legal technology advisors, Keno Kozie Associates, have partnered with ILTA to take education efforts on the road. Keno Kozie has launched law tech “Roadshows” in six U.S. cities to bring the word of proper document sharing in the digital age to lawyers across the country.

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Mobile App Recommendations for Lawyers on the Go

Over at Infostream’s blog, legal tech writer, Adam Clinton, lists four must-have apps for lawyers ready to take on the benefits of mobile technology. Adam covers the gamut from news to security to organization. Whether it’s keeping abreast of the latest developments in the legal sphere, encrypting data to maintain security, having legal references at the tip of one’s fingers or tracking potential jurors for litigation, there’s an app for that.

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