April 28, 2014
Last year Insight Labs, a foundation that “helps entities think through large-scale issues in need of solution,” set out on a year-long quest to understand the present-day business of law and to predict its future. They sought input from attorneys, executives, educators, technologists, and others...Read more
April 21, 2014
The use of alternative fee arrangements (AFAs) has been on the rise in many claims and legal departments for several years and most agree that they are here to stay. But how do you determine which AFA structures are appropriate for a particular matter or outside counsel relationship? That depends...Read more
April 13, 2014
This guest post is by Sandeep Sacheti, VP of Customer Insights and Operational Excellence at Wolters Kluwer Corporate Legal Services, our parent company. This is the first in a series of posts that Sandeep is contributing to the Wired Innovation Insights blog. Sandeep’s message is particularly...Read more
April 6, 2014
No surprise. The world is generating big data faster than ever . It’s estimated that most mid-large size companies will double their volume of data and information annually. The big data revolution is a quiet one; it has been going on for years. Today, businesses across all industries and sectors...Read more
March 30, 2014
As part of our first quarter Legal Analytics activities, we’ve been analyzing invoice data for 2013 and the early part of 2014. While there were some expected trends, I’ve been genuinely startled by some of what we’ve learned. Our data shows that demand for legal services, as measured by billed...Read more
March 23, 2014
With the Web celebrating its 25th birthday, there have been many predictions about the future of technology and its impact on legal services. The Pew Research Center recently published a fascinating report called Digital Life in 2025 with predictions from experts and technology builders across...Read more
March 16, 2014
Law firms, it seems, are locked in an eternal quandary. On the one hand, they worry about the risk of spending too much time and money on technology whose real world benefits they are unsure of. And on the other hand, there is a risk that adopting technology too slowly will make it more difficult...Read more
March 9, 2014
While the term “big data” is not quite as ubiquitous as “selfie” (or maybe even James Franco , for that matter), it gets used quite heavily as companies struggle to come to terms with their exploding volumes of data. How can they manage it all, let alone reap the insights hidden within the data?...Read more
March 2, 2014
It is commonly accepted that the speed of business has increased dramatically in the last ten years. What is less often discussed is the increased speed of decision making. Still less often considered is the speed of decision making in the legal business. More and more companies are managing to...Read more