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Following in the footsteps of other industries, U.S. law firms are finally embracing an agile workforce according to a recent article from the American Lawyer entitled “Amid Concerns Over Lawyer Workloads, U.S. Firms Embrace Agility”. Law firms like Orrick, Hogan Lovells, and Linklaters all have established firm policies aimed at enabling an agile legal workforce. Orrick’s policies include not just the opportunity to work reduced hours, but also leave for primary…
The Holidays can be a very stressful time of year from various events to making sure you have gifts for everyone to work demands to kids and their schedules and everything else that puts demands on your time. As the current year winds down it’s important to make sure you set aside time to recharge and take care of yourself. Here are 10 ways to recharge during the Holidays: Listen to Music. Whether you’re…
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With 2018 winding down we are reflecting on what a great year 2018 was! We’ll have a bigger announcement soon but our Blog recently won The Expert Institute’s Best Legal Blog for the Legal Tech category! We’ve heard the “12 Days of Christmas” repeatedly this month so as 2018 comes to a close here are Nimble’s Top 12 Blog Posts from 2018: The 7 Features You Need in a Contract Management System – It feels…
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We write about trends in the legal industry and one trend in 2018 that sticks out is gender bias in the legal industry. The most recent piece of evidence is the partner announcement at Paul Weiss that optically is about as tone deaf as you can get and as Joe Patrice from “Above the Law” writes: Did your mind first focus on the venerable firm’s 2018 commitment to putting the white in white shoe? Or,…
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According to data from Altman Weil’s MergerLine TM, the legal industry has averaged 80 law firm mergers per year since 2013. The ongoing volatile legal market means more law firm merger activity will continue to occur. The vast majority of acquisitions are of law firms with 20 lawyers or less. Based on the data from Altman Weil’s MergerLine TM, here are 5 law firm merger trends: RECORD NUMBER OF LAW FIRM ACQUISITIONS IN 2017.…
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Contracts take up an enormous amount of time to negotiate and sign. They never seem to get signed fast enough and there are so many to negotiate. Organizations often blame the other party (or the lawyers) for taking unreasonable positions or just being “difficult”. We’ve written several blog posts about reducing the cycle time of contracts and the benefits of automating the contracts process but sometimes the fault lies within the terms of your own…
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Law firm lawyers should spend at least 20% of their time on business development. When working with law firm lawyers on business development coaching and leadership development it has become abundantly clear that while every firm wants their lawyers to be developing new business, there is no target or stake in the ground to guide lawyers on business development expectations. So while reading an article on innovation, it struck me that because law firms operate…