Category Archives: Sponsored Posts - Page 2

Mark Hulbert: Millennials are the new face of the retirement crisis – CoreTech

Mark Hulbert: Millennials are the new face of the retirement crisis – CoreTech

You think you are facing a retirement finance crisis?

Consider the millennial generation, those born between 1981 and 1996. Starting this year they became the largest living generation in the U.S.

Compared with their dismal retirement finance prospects, those currently in or close to retirement would seem to be living on Easy Street.

At least that is the depressing conclusion I draw from recent research into the situation millennials will likely face when they begin to retire around 2050.

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AmLaw 200 Firm Gains Competitive Advantage and Charge Back Model to Recoup Costs for e-Discovery Managed Services – Mattern Associates

AmLaw 200 Firm Gains Competitive Advantage and Charge Back Model to Recoup Costs for e-Discovery Managed Services – Mattern Associates

Problem: This 250 attorney, AmLaw 200, Washington D.C.-based firm had specific areas in which it was struggling; in particular, they were finding it difficult to keep current with technology, flexing to meet demand, and recovering costs for the internal systems and storage related to litigation support services (e-Discovery).

The firm had many legacy databases on the firm’s infrastructure, utilizing dated software and amassing TBs of storage for which they were not recovering any costs from clients; the firm was only able to bill for pro- fessional service time for their litigation support employees. The firm wanted modern applications, a reliable infrastructure that got them out of the business of being a client data center, and the ability to charge back hard costs to their clients–the billing model needed to overcome attorneys’ objections that internal costs are non-billable.

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Selling the Value of Litigation Support – Mattern Associates

Selling the Value of Litigation Support – Mattern Associates

When it comes to practicing litigation, the use of technology is no longer optional. What is optional, however, is under which business model firms deliver this service to their clients, and how to determine which model balances the most value — to the client and the firm. On the firm side, a persuasive consideration is the opportunity to recover for these costs. Here’s more as to how, why and what we are seeing in the market.

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Mattern Assists an AmLaw 200 Firm Create New Cost Recovery Model to Recoup Charges for Litigation Support Solution – Mattern Associates

Mattern Assists an AmLaw 200 Firm Create New Cost Recovery Model to Recoup Charges for Litigation Support Solution – Mattern Associates – special section alert, August 19, 2019

Opportunity: This AmLaw 200 firm with over 380 attorneys in seven office across Texas offered clients a full end-to-end litigation support solution that included collections, forensic analysis, early case assessment, data processing, document review, and production and trial presentation capabilities.  Unfortunately, the firm’s hourly billing model stopped covering the true costs of litigation support services delivery, and the firm needed a new model to recoup overall costs for labor, infrastructure, and software while continuing to deliver first-class, market-leading service to clients.  The firm also sought a current state assessment with roadmap recommendations to ensure its capabilities remained aligned with future client needs.

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Why Your Firm Should Participate in First Ever e-Discovery & Litigation Support Cost Recovery Survey

Why Your Firm Should Participate in First Ever e-Discovery & Litigation Support Cost Recovery Survey – Mattern Associates

Legal support services consulting firm Mattern LLC announces the launch of a first-of-kind industry survey measuring comprehensive cost recovery practices across areas of litigation support and e-Discovery–including data hosting, load file creation, OCR and project management hourly rates–across the legal marketplace.  Survey participants will receive highly detailed, customized reports that benchmark their firm’s practices against firms of similar size and geographic presence. Highly anticipated, the 2019 e-Discovery and Litigation Support Survey is open to participation through September 15th.

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Planning doesn’t need to mean inaction – take these five cybersecurity steps right now

Planning doesn’t need to mean inaction – take these five cybersecurity steps right now

Editor’s Note: Security is always top of mind for our team; it’s a hallmark of how we operate as well as what we build. In the spirit of optimizing operations, here are some quick cybersecurity tips from Braintrace, a Relativity Developer Partner.

Effective cybersecurity is a complex, layered system of prevention, detection, and intervention aimed at anticipating bad acts, verifying authorized access, and reducing the risk of infiltration. It’s a never-ending battle to stay ahead of the bad guys, and it’s not easy.

However, there are five simple steps every law firm can take to reduce the risk of cyberbreaches. It is the very least you can do to protect your valuable data assets.

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What the ABA’s take on ‘reasonable’ cybersecurity measures means to you

What the ABA´s take on “reasonable” cybersecurity measures means to you

The American Bar Association (ABA) recently issued a major new ethical statement, Formal Opinion 477, which clarifies law firms’ cybersecurity obligations. The Opinion updates prior ABA statements such as the 2012 Model Rules.

In the past five years since the Model Rules were issued, law firms have become coveted targets for cybercriminals, and law firms’ breaches have become front-page news. Law firms of all sizes are increasingly relying on a new breed of technical companies that have developed special tools and services for protecting the uniquely valuable data of law firms and their clients.  Full Article ...

Is Bloomberg Winning Despite Itself?

Is Bloomberg Winning Despite Itself? – Feit Consulting special section

Our 2019 Legal Information Market survey contains many surprises – and several contradictions.

One of the most surprising contradictions was that despite the overwhelming market dissatisfaction with Bloomberg (at 64% reporting moderate or extreme dissatisfaction – more than all the other vendors combined), just 28% of our survey respondents intend to cancel or reduce Bloomberg this year.

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Optimizing Legal Information Pricing – The Resource Your Firm Needs

Optimizing Legal Information Pricing – The Resource Your Firm Needs

Optimizing Legal Information Pricing is the essential resource for any law firm administrator. With up-to-the-minute information on the secretive world of legal information pricing, there is no other resource like this one. Get your copy today.

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The Big Reveal: 2019 Legal Information Vendor Market Survey Results

The Big Reveal: 2019 Legal Information Vendor Market Survey Results

A big thank-you to all the law firm professionals throughout the country who participated in our semi-annual Legal Information Vendor Market Survey. The survey wrapped in December and we have been hard at work analyzing the results since.

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