- 2021 was a block buster year for M&A legal fees. The median partner rate was $878 an hour… A 6.1% increase over the prior year median.
- Law firms continue to increase hourly rates and in-house legal departments are paying them. 2021 partner rates increased 3.4% over 2020.
- Alternative for your arrangements are increasing but not disrupting the market. Only 14.8% of matters had even a portion of their billing rate set at some thing other than hourly. Only 9.6%
60% of DBS Survey Responders Say Legal Research/Tech Company Customer Support Has Declined in Past 10 Years.
In March I conducted a reader survey to explore the current state of customer service in the legal publishing and technology market. The Survey was open from March 3rd to March 11th. The reader response was somewhat overwhelming. Not only did 169 readers respond to the 5 question survey but the majority of responders took the time to provide thoughtful responses to open ended questions about the improvement or decline in service.
I was inspired to conduct this survey by my own observations of and participation in the legal information and technology market from its infancy in the 1980’s when online caselaw was an adjunct to print — through today’s market where text has been transformed into data, Continue Reading Legal Research Platforms Customer Service Survey – Customer Support in a Freefall
ALM has released a new trend detection feature on Law.com Radar which combines their deep editorial experience with algorithms and litigation data to help lawyers identify emerging trends in federal litigation. New features including trends and surge indicators will automatically appear for all existing Law.com Radar premium subscribers who have active alerts. Vanessa Blum the Director of Newsroom Innovation described trend detection as an “open beta.” Law.com Radar was released in November 2020 and providing breaking alerts called “blips” for practitioners in litigation and corporate practices.
What is Radar Trend Detection? The trend detection system analyzes new federal lawsuits and their case attributes and then applies Continue Reading Thinking Ahead of the Curve – ALM Releases Law.com Radar Trend Detection
Law Schools in the United States have been historically focused on teaching students using caselaw research tools and techniques. In real practice, lawyers need to add a few more tools to their toolkit. During the past decade, there has been an explosion of new tools, powered by algorithms and analytics which streamline a variety of traditional tasks which in the past took hours of time.
During this period clients have also demanded that law firms leverage tools to make them more efficient. I have outlined below seven important new tools that can help a junior lawyer improve their work product while also saving time and avoiding errors. Read the full story here and learn about seven powerful research and workflow tools.
Lex Machina pioneered the introduction of interactive litigation analytics for the law firms with the launch of the Intellectual Property product in end uses. It launched as a project at Stanford Law School. Now a LexisNexis product, they offer one of the most sophisticated analytics products in the legal market and cover all types of federal, They are also expanding their coverage of state litigation.
Today Lex Machina is releasing the 2021 Patent Litigation Report which analyzes all federal patent litigation.
Register here for a copy of the report: https://pages.lexmachina.com/2022PatentLitigationReport.html
Patent Report Webcast
Lex Machina is hosting a webcast to discuss the report on May 19, 2022 at noon ET/9am PT with Michael Flynn (Partner at Morris Nichols), Elaine Chow (Lex Machina’s Patent Legal Data Expert), moderated by Joshua Harvey (Manager of the Lex Machina’s Customer Success Team). Register for the event or view a recording: https://pages.lexmachina.com/20220519-PatentLitigationReportWebcast_LP.html
Here are some key findings
- W.D, Tex., D Del., and E.D, Tex. have the highest number of patent filings in 2021
Patent case filings are consolidating more into the top three courts, from 47% in 2019 to 57% in 2021.
Federal PTAB appellate case filings fell 40% between 2020 and 2021.
23% of federal PTAB appellate cases that terminated from 2019 to 2021 were ultimately reversed.
34% of federal patent appellate cases that terminated from 2019 to 2021 were ultimately reversed.
Samsung, Google, Apple, Microsoft and Amazon were the most active patent defendants in 2021.
WSOU Investments LLC ( a patent monetization company) was the most active plaintiff in patent litigation last year.
Judge Albright was assigned to 23% of all patent cases filed in 2021.
- Fish & Richardson top the list of defendant firms representing 669 defendants in 38 districts between 2019 and 2021.
Data and Methodology – I have to confess my favorite part of this report was the two pages explaining how the data was collected, Continue Reading Lex Machina Releases 2021 Patent Litigation Report and Hosts Launch Webinar
Wolters Kluwer Legal & Regulatory U.S. has launched additional analytics and visualization in IPO Vital Signs on RBsource Filings. The new features offer interactive tables and graphics for the visualization of IPO metrics. The interactive graphics enable users to drill down to subsegments of the market or activity by specific law firms.
“The IPO market continues to show strong activity in 2022, and as new regulations and disclosure requirements are emerging and impacting the space, we want to provide our customers with efficient access to actionable information to enable a seamless IPO Continue Reading Wolters Kluwer Bulks Up IPO Vital Signs With Analytics, Visualizations and SPAC Insights
Lex Machina has launched a new module of Legal Analytics for federal courts of appeal (“Appellate Analytics”). The module adds nearly 400,000 circuit court cases from across all 13 federal circuits. Until now the majority of federal analytics products have covered trial courts — federal district courts. Litigators will be excited to learn that there is finally a source for federal appellate analytics.
Appellate Analytics offers standard Lex Machina interface and features as well as new Continue Reading Lex Machina Launches Federal Appellate Analytics
Today Wolters Kluwer Legal & Regulatory U.S. relaunched the Manual IP within Kluwer IP Law. Manual IP is a powerful “how to” guide for compliance explaining the IP procedures and laws for Intellectual Property application in 238 jurisdictions. The innovative redesign of Manual IP allows IP professionals to quickly locate specific procedural answers.
“For IP professionals, having access to the correct information in a quick and efficient manner is crucial, and as a customer-centric organization, we are committed to delivering resources and content at the point of need,” said David Bartolone, Vice President and Continue Reading Wolters Kluwer Launches Manual IP for International IP Filings and Compliance
BriefCatch, an award-winning, patented legal writing tool, is launching of BriefCatch 3 today. BriefCatch now offers over 11,000 legal focused edits and performs realtime rescans of new edits. The software is now compatible with Mac, Windows and Word Online software. BriefCatch 3 offers a rebuilt rules engine, which is enhanced with Natural Language Processing and AI.
During a recent demo founder Ross Guberman, walked me through a demo and I was impressed. Law is a language intensive deadline driven profession. Associates often face tight deadlines. I know what it is like to become blind to editorial mistakes. Using Brief Catch is Continue Reading BriefCatch 3 Offers 11,000 AI and NLP Enabled Editorial Suggestions to Streamline and Tighten Legal Writing